Affluence & Economy Banyan Vic 3485

Is Banyan VIC 3485 a rich suburb?

Business in Banyan

The higher the score, the more vibrant and diverse the regional economy.
Sources: ABS, GOOGLE, TORREN and Microburbs, 2016 - 2023

	Field	Value	VS North West Vic	Trend
	Business Activity	70.0	Top 14%	Data for May 2023
	Industry Diversity	94.4	Top 22%	Data for May 2023

Affluence in Banyan

The higher the score, the more wealthy, high income and financially free the population is.
Sources: ABS, ATO, DSS, GOOGLE, TORREN and Microburbs, 2001 - 2023

Field	Value	VS North West Vic	Trend
Education score	5.1	Top 43%	15% to Jun 2022
Middle Class	55.9%	Top 37%	Data for May 2023
Underclass	10.3%	Bottom 26%	Data for May 2023
Upper Class	6.6%	Top 19%	Data for May 2023
Working Class	27.2%	Bottom 40%	Data for May 2023
Austudy Payments (SA2)	5	Bottom 32%	Data for Jun 2024
Commonwealth Rent Assistance (SA2)	215	Bottom 27%	Data for Jun 2024
Median household income (weekly)	$3,500	Top 1%	143% to Jan 2021
Pension Payments (SA2)	975	Top 45%	Data for Jun 2024
Unemployed	0.0%	Bottom 13%	Data for Dec 2021

Employment in Banyan

Sources: ABS, AURIN, SEEK and Microburbs, 2006 - 2022

	Field	Value	VS North West Vic	Trend
	Labour force participation	80.0%	Top 6%	46% to Dec 2021

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