Hope Valley - Modbury · Statistical Area 2 (SA2)

Economy & Advantage in Hope Valley - Modbury

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

A 4.2% population increase since 2021 marks the recent growth of Hope Valley - Modbury, though its overall economic standing remains modest. The area currently sits below the national average for general advantage, with a typical score of 960.

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📍 Hope Valley - Modbury, Statistical Area 2 (SA2)

Where Hope Valley - Modbury sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Hope Valley - Modbury — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Hope Valley - Modbury4
5090, SA 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

People here have fewer financial resources and lower education and job skills than most other areas. The overall advantage score is smaller than about 60% of similar places.

4

Lower than 64% 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.

4

Lower than 64% 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.

3

Lower 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.

4

Lower than 64% 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.

960

Lower than 66% 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.

With 18,423 people, this area is larger than about 84% of similar places. Recent growth has been a little below the South Australian figure, rising by 4.2%.

Business & building

Operating businesses and dwellings approved.

The area is a hub for local trade, hosting 1,556 businesses, which is more than about 78% of similar areas.

1,556

Higher than 77% 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 Hope Valley - Modbury

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Hope Valley - Modbury [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/402051052/hope-valley-modbury/topic/economy-advantage