Charnwood · Statistical Area 2 (SA2)

Economy & Advantage in Charnwood

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

A slow growth rate of 1.2% since 2021 marks the recent economic trend for Charnwood. The area sits right in the middle of the pack for overall advantage, though it is smaller than most similar areas in terms of population and business counts.

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📍 Charnwood, Statistical Area 2 (SA2)

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

5
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All statistical area 2 (sa2) areas, 2021. The marker is Charnwood — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Charnwood5
2615, ACT 8

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents have a typical advantage score of 979, which is smaller than about 57% of similar areas. While their education and job skills score is higher than 60% of comparable places, their general access to money and resources is smaller than about 60% of 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.

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.

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.

6

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.

979

Lower than 58% 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 1.2%, which is much lower than most areas and well below the ACT figure of 7.1%. The total population of 3,078 is smaller than about 91% of similar areas.

Business & building

Operating businesses and dwellings approved.

Commercial activity is limited here, with 144 businesses making it one of the smallest areas at this level.

144

Lower than 94% 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 Charnwood

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Charnwood [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/801011004/charnwood/topic/economy-advantage