Summerhill - Prospect · Statistical Area 2 (SA2)

Economy & Advantage in Summerhill - Prospect

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

A modest standard of living and a shrinking population mark the current economic state of Summerhill - Prospect. With an overall advantage score of 934, the area sits below the national average and most other similar regions. This reflects a community facing more challenges than the typical Australian suburb.

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📍 Summerhill - Prospect, Statistical Area 2 (SA2)

Where Summerhill - Prospect sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Summerhill - Prospect — lower than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Summerhill - Prospect3
7250, TAS 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents have less access to money and job skills than most, with education and skills scoring just 2 out of 10. This contributes to an overall advantage score that is smaller than about 76% of similar areas.

3

Lower than 71% 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.

4

Lower 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.

3

Lower than 71% 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.

2

Lower 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.

934

Lower than 76% 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 1.6% since 2021, a trend 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.

Commercial activity is limited in the area, with only 255 businesses operating here.

255

Lower than 89% 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 Summerhill - Prospect

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Summerhill - Prospect [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/602011048/summerhill-prospect/topic/economy-advantage