Altona North · Statistical Area 2 (SA2)

Economy & Advantage in Altona North

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

Half of all similar areas are less advantaged than Altona North, which sits right in the middle of the pack for overall wealth. The area is growing quickly, with a population of 16,493 and a strong business presence that outperforms most similar locations.

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📍 Altona North, Statistical Area 2 (SA2)

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

5
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All statistical area 2 (sa2) areas, 2021. The marker is Altona North — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Altona North5
3025, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents generally have a good level of education and job skills, though their access to money and resources is lower than in about 70% of similar areas.

5

Lower 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.

3

Lower than 71% 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.

3

Lower 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.

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.

993

Lower than 52% 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 grown by 9.3% since 2021, a rate that is much higher than most areas and a little above Victoria's 8.0%.

Business & building

Operating businesses and dwellings approved.

With 1,834 businesses, this area has a larger number of enterprises than about 85% of similar locations.

1,834

Higher than 85% 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 Altona North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Altona North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/213021343/altona-north/topic/economy-advantage