Risdon Vale · Statistical Area 2 (SA2)

Economy & Advantage in Risdon Vale

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

Risdon Vale ranks among the most disadvantaged areas in the country. Residents here have very limited access to money, resources, and job skills compared to most other places. Despite these challenges, the population has grown by 6.8% since 2021.

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📍 Risdon Vale, Statistical Area 2 (SA2)

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

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All statistical area 2 (sa2) areas, 2021. The marker is Risdon Vale — lower than 99% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Risdon Vale1
7016, TAS 1

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

An overall advantage score of 841 puts this area among the smallest in the country. Scores for education, job skills, and access to money are all at the lowest possible level, falling below about 90% of other areas.

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Lower than 99% 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.

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Lower than 99% 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.

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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.

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Lower than 99% 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.

841

Lower than 98% 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 6.8% since 2021, which is higher than most areas. This increase is well above the Tasmanian figure of 1.6%.

Business & building

Operating businesses and dwellings approved.

There are 102 businesses in the area, which is among the smallest number of businesses for this level of place.

102

Lower than 96% 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 Risdon Vale

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Risdon Vale [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/601021010/risdon-vale/topic/economy-advantage