# Economy & Advantage — Garran

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

Area: Garran (Statistical Area 2 (SA2))

A top-tier advantage score of 1,141 puts Garran among the most affluent areas in the country. This place stands out for its exceptionally high levels of education and wealth, though its population has remained relatively stable recently.

Residents here have a very high level of advantage, scoring a 10 out of 10 for overall advantage. This is driven by top marks for education and job skills, as well as strong access to money and resources.

Growth has been slow, with the population increasing by only 1.2% since 2021. This is well below the ACT growth rate of 7.1%.

There are 404 businesses operating in the area, which is a smaller number than in about 81% of similar areas.

## Statistics

| Statistic | Value | Change since |
| --- | --- | --- |
| Socio-economic advantage (IRSAD decile) | 10 | — |
| Socio-economic disadvantage (IRSD decile) | 10 | — |
| Economic resources (IER decile) | 9 | — |
| Education & occupation (IEO decile) | 10 | — |
| Socio-economic advantage (IRSAD score) | 1,141 | — |
| Population estimate | 3,732 | — |
| Population growth since 2021 | 1.2% | — |
| Businesses | 404 | — |

Interactive: https://censusatlas.au/region/sa2/801091102/garran/topic/economy-advantage