Prospect · Statistical Area 2 (SA2)

Economy & Advantage in Prospect

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

High levels of education and professional skill define Prospect, where an overall advantage score of 1,060 is higher than about 75% of similar areas. This translates to a well-resourced community that ranks as more advantaged than 80% of all areas nationwide.

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📍 Prospect, Statistical Area 2 (SA2)

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

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All statistical area 2 (sa2) areas, 2021. The marker is Prospect — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Prospect8
5082, SA 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Education and job skills are a particular strength here, ranking higher than about 90% of similar areas. This high level of qualification helps explain why the area is more advantaged than 80% of all regions across the country.

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Higher than 71% 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.

8

Higher 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.

5

Lower than 57% 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.

1,060

Higher than 75% 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 5.9% since 2021, which is higher than most areas and slightly above the South Australian figure of 5.6%. There are now 16,898 people living in the area.

Business & building

Operating businesses and dwellings approved.

Business activity is strong in Prospect, with 1,722 businesses operating in the area. This is a larger number than about 82% of similar locations.

1,722

Higher than 82% 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 Prospect

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Prospect [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/401061021/prospect/topic/economy-advantage