Frankston North · Statistical Area 2 (SA2)

Economy & Advantage in Frankston North

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

Population growth in Frankston North has slowed considerably since 2021, with only 0.7% increase in residents. This modest rise is much lower than most similar areas and sits well below the Victorian average. The suburb faces significant economic challenges, with an overall advantage score of 909, which is smaller than about 86% of similar areas.

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📍 Frankston North, Statistical Area 2 (SA2)

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

2
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Frankston North — lower than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Frankston North2
3199, VIC 6

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have very limited access to money and resources, scoring 2 out of 10. This disadvantage is reflected in education and job skills, which are also low and smaller than about 70% of other areas.

2

Lower 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.

2

Lower 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.

2

Lower 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.

3

Lower than 71% 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.

909

Lower than 86% 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 reached 19,794 people, making it larger than about 87% of areas at this level. However, the recent 0.7% growth rate is well below the Victorian figure of 8.0%.

Business & building

Operating businesses and dwellings approved.

There are 891 businesses operating in the area, a total that is smaller than about 51% of similar areas.

891

Lower than 51% 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 Frankston North

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Frankston North [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/214011372/frankston-north/topic/economy-advantage