Cygnet · Statistical Area 2 (SA2)

Economy & Advantage in Cygnet

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

A 6.2% population jump since 2021 marks a period of rapid growth for Cygnet. While the area is expanding much faster than the rest of Tasmania, it continues to face challenges with overall economic advantage compared to other regions.

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📍 Cygnet, Statistical Area 2 (SA2)

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

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

Socio-economic advantage (IRSAD decile) compared with the state and national average
Cygnet3
7112, TAS 3

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents generally have lower access to money and resources than 60% of similar areas, which helps explain an overall advantage score of 949. This figure is smaller than about 70% of all areas across the country.

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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.

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Lower 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.

4

Lower than 64% 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 57% 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.

949

Lower than 71% 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 strong, rising by 6.2% since 2021. This is well above the Tasmanian figure of 1.6%.

Business & building

Operating businesses and dwellings approved.

Cygnet has 384 businesses, a total that is smaller than about 82% of similar areas.

384

Lower than 82% 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 Cygnet

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Cygnet [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/603021070/cygnet/topic/economy-advantage