Korumburra (Vic.)

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Analysis of ABS population updates for the wider region and new address datasets verified by Districts indicates that the suburb of Korumburra has a population of approximately 4,851 as of May 2026. This represents a growth of 102 people (2.1%) from the 4,749 residents recorded in the 2021 Census. This adjustment is based on a resident population of 4,846 calculated by Districts using the latest ABS ERP release (June 2025) and 121 validated new addresses registered since the Census date. The population density is 80 persons per square kilometer, indicating low density and potential for future expansion. The 2.1% growth rate since the census is 2.2 percentage points behind the Rest of Vic. (4.3%), showing relatively competitive growth. Population expansion was mainly driven by interstate migration, which accounted for approximately 50.0% of total gains, although overseas migration and natural increase also remained positive.

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The suburb of Korumburra features a balanced labor market encompassing both professional and manual occupations, with significant representation in manufacturing and industrial sectors. The local unemployment rate stands at 3.2%, and employment grew by an estimated 4.0% over the last year based on Districts statistical aggregations. As of March 2026, 2,250 residents are employed. The unemployment rate is 0.5% lower than the Regional Vic. rate of 3.7%, while the participation rate is lower than average at 57.3% compared to 61.1% in Regional Vic. Census data shows that a moderate 13.7% of working residents operated from home, though this may reflect pandemic lockdowns.

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According to the latest ATO postcode-level datasets released for financial year 2023, taxpayers in the suburb of Korumburra earn a median income of $40,804 and an average income of $49,973. This is below the national average and compares to a median of $50,954 and an average of $62,728 in Regional Vic. Factoring in Wage Price Index growth of 9.62% since financial year 2023, estimated incomes would be approximately $44,729 (median) and $54,780 (average) as of March 2026. In the 2021 Census, household, family, and individual incomes fell between the 11th and 13th percentiles nationwide. The largest income bracket contains 28.2% of residents (1,367 people) earning between $800 - 1,499 weekly, whereas the metropolitan average peaks in the - range at . Discretionary income after housing expenses stands at , placing the area in the th percentile nationally.

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Residential property types in the suburb of Korumburra at the time of the last Census consisted of 91.1% houses and 9.0% alternative dwellings, such as townhouses, apartments, or other structures, compared to 90.1% houses and 9.9% alternative dwellings across Regional Vic. Home ownership rates were higher than the regional average at 43.4%, with the remaining properties occupied by residents with mortgages (36.5%) or tenants renting (20.2%). The median monthly mortgage payment was lower than the regional average at $1,300, and the median weekly rent was $270, compared to Regional Vic. averages of $1,430 and $285. Nationally, mortgage costs are lower than the Australian average of $1,863, and rental costs are below the national average of $375.

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Families comprise the majority of households at 66.2%, including 24.8% couples with children, 29.0% couples without children, and 11.3% single parent families. Non-family living arrangements account for the remaining 33.8% of households, with lone person households at 31.1% and group houses making up 2.6%. The median household size is 2.3 people, which is slightly smaller than the Regional Vic. average of 2.4.

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The region exhibits lower rates of tertiary education, with university qualification rates at 15.3% compared to the VIC average of 33.4%. This highlights a need for targeted educational programs. Bachelor degrees represent the largest share at 10.3%, followed by graduate diplomas at 2.6% and postgraduate credentials at 2.4%. Vocational and technical qualifications are common, with 40.0% of residents aged 15+ holding trade credentials, consisting of advanced diplomas (11.0%) and certificates (29.0%).

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Public transit networks include 7 active stops operating within the suburb of Korumburra, serviced by 2 routes that provide a combined total of 44 weekly trips. Public transport accessibility is moderate, with residents living an average of 443 meters from the nearest stop. Private vehicles remain the primary mode of travel for 95% of commuters, and households own an average of 1.5 cars. Work-from-home arrangements were utilized by 13.7% of workers during the 2021 Census, which may reflect pandemic-era conditions.

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Health assessments indicate challenges in the suburb of Korumburra based on mortality indices and chronic illness rates across multiple age groups. The rate of private health insurance is low, covering approximately 47% of the population (~2,264 people), compared to 50.5% in Regional Vic. and a national average of 55.7%.

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The suburb of Korumburra has a lower level of cultural diversity compared to national averages, with 87.8% of residents born in Australia, 91.8% holding citizenship, and 95.2% using only English at home. Christianity is the primary religion, followed by 43.6% of the population. The most disproportionate religious representation is Judaism at 0.1% of the population, which matches the 0.1% rate across Regional Vic.

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The median age in the suburb of Korumburra is 47 years, which is older than the Regional Vic. average of 43 and the national average of 38. The 65 - 74 age bracket is the most prominent group at 14.7%, while the 25 - 34 cohort is smaller at 9.8% compared to Regional Vic. The concentration of 65 - 74 year-olds is higher than the national average of 9.4%. Since 2021, the 35 to 44 age bracket grew from 9.6% to 11.5% of the population, and the 75 to 84 group rose from 8.1% to 9.4%. In contrast, the 45 to 54 cohort fell from to , and the to group declined from to . By demographic shifts will occur, with the group aged + expected to grow by ( people) to reach from . Residents aged + will account for of projected growth, while contractions are expected in the to and to age groups.

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Korumburra currently has an estimated 276 children under 5 years old, comprising approximately 159 children aged 0-2 and 106 children aged 3-4. This cohort grew by an estimated 2% since the previous census. though population forecasts indicate future decline, with an anticipated decrease of 0% by 2041 (to approximately 275 children). Meanwhile the 5-12 cohort currently amounts to 444. While growth has been positive birth rates observed in the area have been moderate, with approximately 10.7 births per 1,000 residents recorded over the latest two-year period analysed which ranks the area within the middle tier nationally.