Bakewell · Statistical Area 2 (SA2)

Economy & Advantage in Bakewell

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

A modest overall advantage score of 974 marks the daily economic life in Bakewell, which sits just below the national average. While half of the country's areas are less advantaged, it is a small community of 3,417 people with a steady but slow growth rate.

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📍 Bakewell, Statistical Area 2 (SA2)

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

5
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Bakewell — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Bakewell5
0832, NT 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Typical scores for education, job skills, and access to money all sit at 4 out of 10, which is smaller than about 60% of similar areas.

5

Lower than 57% 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.

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.

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.

974

Lower than 60% 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 grew by 4.9% since 2021, a rate that is around the middle for its level and a little below the Northern Territory's 6.6%.

Business & building

Operating businesses and dwellings approved.

Bakewell is among the smallest areas at this level for business activity, with 153 businesses operating here.

153

Lower than 93% 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 Bakewell

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Bakewell [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/701041036/bakewell/topic/economy-advantage