Montrose · Statistical Area 2 (SA2)

Economy & Advantage in Montrose

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

High levels of financial security define daily life in Montrose, where residents generally have more money and resources than most people across the country. This is a well-off area with an overall advantage score of 1,034, which is higher than about 65% of similar places.

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📍 Montrose, Statistical Area 2 (SA2)

Where Montrose sits — Socio-economic advantage (IRSAD decile)

7
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Montrose — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Montrose7
3765, VIC 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have a very high level of access to money and resources, scoring 9 out of 10. This puts the area ahead of about 90% of similar places, while its overall disadvantage is much lower than in most other areas.

7

Higher than 64% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

9

Higher than 86% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

9

Higher than 86% of statistical area 2 (sa2) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

6

Higher than 57% of statistical area 2 (sa2) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

1,034

Higher than 65% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

The population has shrunk by 1.3% since 2021, a trend that is among the lowest for similar areas and well below the Victorian growth rate of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 527 businesses operating in the area, which is a smaller number than in about 73% of similar places.

527

Lower than 73% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Montrose

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Montrose [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/211051280/montrose/topic/economy-advantage