Geilston Bay - Risdon · Statistical Area 2 (SA2)

Economy & Advantage in Geilston Bay - Risdon

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

A growth rate of 4.7% puts Geilston Bay - Risdon well ahead of the Tasmanian average. This area is generally more advantaged than about 60% of similar places, with a typical advantage score of 1,014. It is a modest-sized community that is expanding faster than much of the state.

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📍 Geilston Bay - Risdon, Statistical Area 2 (SA2)

Where Geilston Bay - Risdon sits — Socio-economic advantage (IRSAD decile)

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Geilston Bay - Risdon6
7015, TAS 7

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have a moderate level of access to money, jobs, and education, scoring 6 out of 10. This means the area is more advantaged than about 60% of similar places across the country.

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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.

7

Higher 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.

6

Higher 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.

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.

1,014

Higher than 57% 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 grew by 4.7% since 2021, which is well above the Tasmanian figure of 1.6%. This growth is around the middle for areas of this size, though the total population of 3,642 remains smaller than most similar places.

Business & building

Operating businesses and dwellings approved.

With 176 businesses, this area has among the smallest number of enterprises at this level.

176

Lower than 92% 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 Geilston Bay - Risdon

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Geilston Bay - Risdon [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/601021006/geilston-bay-risdon/topic/economy-advantage