Launceston · Statistical Area 2 (SA2)

Economy & Advantage in Launceston

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

More than 70% of similar areas have lower overall advantage than Launceston, where residents generally have strong job skills. While the area is well-placed in terms of education and overall standing, it has seen a population drop of 3.6% recently.

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📍 Launceston, Statistical Area 2 (SA2)

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

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All statistical area 2 (sa2) areas, 2021. The marker is Launceston — higher than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Launceston7
7250, TAS 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The typical resident here is well-qualified, with education and job skills ranking higher than about 80% of similar areas. However, access to money and resources is much lower, falling behind about 80% of other areas at this level.

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Higher 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.

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Higher than 57% 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.

2

Lower than 86% 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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Higher 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.

1,024

Higher than 61% 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 fallen, with a 3.6% drop since 2021. This is well below the Tasmania average of 1.6% and is among the lowest growth rates for similar areas.

Business & building

Operating businesses and dwellings approved.

Business activity is high for an area of this size, with 1,954 businesses. This is more than 87% of similar areas.

1,954

Higher than 86% 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 Launceston

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Launceston [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/602011038/launceston/topic/economy-advantage