King Island · Statistical Area 2 (SA2)

Economy & Advantage in King Island

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

A small business community of just 323 companies defines the economic landscape of King Island. The area faces some challenges with a typical advantage score of 955, which is lower than the national average. This is reflected in a population that has shrunk slightly by 0.3% since the last census.

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📍 King Island, Statistical Area 2 (SA2)

Where King Island sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is King Island — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
King Island4
7256, TAS 4

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area has a typical advantage score of 4 out of 10, which is lower than about 60% of other areas. Education and job skills are particularly low, ranking smaller than about 60% of similar places.

4

Lower 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.

5

Lower 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.

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.

4

Lower than 64% 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.

955

Lower than 68% 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.

With a total population of 1,647, King Island is among the smallest areas at this level. Recent growth of -0.3% is much lower than most areas and sits a little below the Tasmanian figure of 1.6%.

Business & building

Operating businesses and dwellings approved.

Business activity is limited in this region, with 323 businesses operating across the island. This count is smaller than about 86% of similar areas.

323

Lower 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 King Island

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in King Island [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/604031093/king-island/topic/economy-advantage