Yarraville · Statistical Area 2 (SA2)

Economy & Advantage in Yarraville

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

High levels of wealth and education shape daily life in Yarraville, where the area ranks as more advantaged than about 90% of similar places. With a typical advantage score of 1,109, it sits well above the national average. This prosperity is matched by a highly skilled local workforce.

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📍 Yarraville, Statistical Area 2 (SA2)

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

9
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Yarraville — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Yarraville9
3013, VIC 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is very advantaged, scoring 9 out of 10 for overall advantage and education and job skills. This puts Yarraville ahead of about 90% of similar areas, while its access to money and resources is higher than about 70% of those places.

9

Higher than 86% 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.

7

Higher than 64% 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.

9

Higher than 86% 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.

1,109

Higher than 89% 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 to 16,159 people, which is larger than about 76% of similar areas. However, recent growth of 3.2% is lower than most areas and well below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

Local commerce is active with 1,476 businesses, a total that is larger than about 76% of similar areas.

1,476

Higher than 75% 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 Yarraville

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Yarraville [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/213031352/yarraville/topic/economy-advantage