Invermay · Statistical Area 2 (SA2)

Economy & Advantage in Invermay

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

Very low access to money and resources defines Invermay, where the overall advantage score of 888 is smaller than about 91% of similar areas. This is a challenging economic environment for the suburb, which also faces a shrinking population.

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📍 Invermay, Statistical Area 2 (SA2)

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

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Invermay1
7248, TAS 1

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents face significant hardship, with overall advantage and access to resources both scoring 1 out of 10. Education and job skills are also low, scoring 3, which is smaller than about 70% of similar 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.

1

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.

1

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.

3

Lower than 71% 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.

888

Lower than 90% 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 shrunk by 3.8% since 2021, a figure that is among the lowest for similar areas and well below the 1.6% growth seen across Tasmania.

Business & building

Operating businesses and dwellings approved.

There are 434 businesses operating in the area, which is a smaller number than about 79% of similar areas.

434

Lower than 79% 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 Invermay

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Invermay [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/602011036/invermay/topic/economy-advantage