Affluence & Economy Torwood Vic 3821

Is Torwood VIC 3821 a rich suburb?

Business in Torwood

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

	Field	Value	VS Latrobe	Trend
	Industry Diversity	83.3	Bottom 43%	Data for May 2023

Affluence in Torwood

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 Latrobe	Trend
Education score	5.4	Top 22%	5% to Jun 2022
Middle Class	53.4%	Top 42%	Data for May 2023
Underclass	9.8%	Bottom 23%	Data for May 2023
Upper Class	7.0%	Top 14%	Data for May 2023
Working Class	29.8%	Bottom 49%	Data for May 2023
Austudy Payments (SA2)	20	Top 11%	Data for Jun 2024
Commonwealth Rent Assistance (SA2)	1220	Top 8%	Data for Jun 2024
Median household income (weekly)	$2,620	Top 6%	39% to Jan 2021
Pension Payments (SA2)	2830	Top 2%	Data for Jun 2024
Unemployed	0.0%	Bottom 13%	Data for Dec 2021

Employment in Torwood

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

	Field	Value	VS Latrobe	Trend
	Labour force participation	70.6%	Top 19%	35% to Dec 2021

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