Far South West · Statistical Area 2 (SA2)

Economy & Advantage in Far South West

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

A score of 2 for overall advantage makes Far South West one of the least advantaged areas in the region. Residents face significant challenges with access to money and resources, and the population is growing at a much slower rate than the rest of the state.

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📍 Far South West, Statistical Area 2 (SA2)

Where Far South West 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 Far South West — lower than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Far South West2
4480, QLD 4

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area ranks as one of the most disadvantaged, with a score of 1 for access to money and resources. This sits alongside a low score of 3 for education and job skills, both of which are much lower than in most similar 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.

1

Lower than 99% 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.

913

Lower than 85% 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.

Growth has been sluggish, with the population increasing by only 1.5% since 2021. This is well below the Queensland figure of 8.7%.

Business & building

Operating businesses and dwellings approved.

There are 520 businesses operating in the area, which is fewer than about 73% of similar regions.

520

Lower than 74% 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 Far South West

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Far South West [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/315031411/far-south-west/topic/economy-advantage