Sandy Bay · Statistical Area 2 (SA2)

Economy & Advantage in Sandy Bay

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

High levels of wealth and education define Sandy Bay, which ranks among the top 10% of areas nationwide for overall advantage. This is a prosperous community where most residents have a high level of education and job skills.

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📍 Sandy Bay, Statistical Area 2 (SA2)

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

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All statistical area 2 (sa2) areas, 2021. The marker is Sandy Bay — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Sandy Bay9
7005, TAS 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area is very advantaged, with a score of 1,083 and a high ranking for education and job skills. This puts the typical resident in a much stronger position than those in 90% of similar areas.

9

Higher than 86% 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.

1,083

Higher than 82% 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 has been very slow since 2021, rising by just 0.2%. This is much lower than most areas and sits a little below the Tasmanian figure of 1.6%.

Business & building

Operating businesses and dwellings approved.

There are 1,262 businesses operating in the area, which is more than about 68% of similar locations.

1,262

Higher than 68% 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 Sandy Bay

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Sandy Bay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/601051031/sandy-bay/topic/economy-advantage