Palmwoods · Statistical Area 2 (SA2)

Economy & Advantage in Palmwoods

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

A score of 8 for access to money and resources puts Palmwoods in a stronger position than about 80% of similar areas. The area is generally well-off, with an overall advantage score of 1,006 that sits slightly above the national average. This stability is matched by a rapidly growing population and a healthy number of local businesses.

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📍 Palmwoods, Statistical Area 2 (SA2)

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

6
1 2 3 4 5 6 7 8 9 10

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Palmwoods6
4555, QLD 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The community's overall advantage score is 6 out of 10, which is higher than about 60% of similar areas. Residents generally have a good level of education and job skills, scoring 6 out of 10.

6

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.

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.

1,006

Higher than 54% 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 in Palmwoods has been very strong, jumping 14.9% since 2021. This increase is much higher than most other areas and well above the Queensland figure of 8.7%.

Business & building

Operating businesses and dwellings approved.

There are 1,460 businesses operating in the area, which is more than about 76% of similar locations.

1,460

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 Palmwoods

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Palmwoods [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/316061444/palmwoods/topic/economy-advantage