Pakenham - North West · Statistical Area 2 (SA2)

Economy & Advantage in Pakenham - North West

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

A massive 38.8% jump in population since 2021 has seen Pakenham - North West grow far faster than the rest of Victoria. This rapid expansion is happening in an area where residents generally have better access to money and resources than about 80% of similar places.

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📍 Pakenham - North West, Statistical Area 2 (SA2)

Where Pakenham - North West sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Pakenham - North West — higher than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Pakenham - North West6
3810, VIC 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area's overall advantage score is 999, which is about the same as the national average. Residents score quite well for money and resources, though their education and job skills are only higher than about half of similar areas.

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Higher than 57% 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.

6

Higher than 57% 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.

8

Higher than 71% 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.

5

Lower 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.

999

Higher than 51% 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.

Population growth here has been among the highest for its kind, climbing by 38.8% since 2021. This is far above the Victorian increase of 8.0% over the same period.

Business & building

Operating businesses and dwellings approved.

There are 907 businesses operating in the area, a count that is larger than about 50% of similar places.

907

Higher than 50% 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 Pakenham - North West

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Pakenham - North West [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/212011550/pakenham-north-west/topic/economy-advantage