Macedon (Vic.)

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Analyzing ABS updates for the region alongside fresh addresses validated by Districts since the Census, Macedon's population is estimated to stand at approximately 2,113 as of May 2026. This represents a growth of 40 people (1.9%) relative to the 2021 Census, which counted 2,073 residents. This adjustment is derived from an Districts resident estimate of 2,111, calculated after evaluating the latest ABS ERP release (June 2025) plus 5 validated new addresses since the Census date. Such a population size results in a density of 54 persons per square kilometer, indicating plenty of space for each inhabitant. Natural increase was the primary contributor to local growth, accounting for roughly 57% of total population additions in recent times.

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Macedon has a highly educated workforce with a strong concentration of professionals and an unemployment rate of only 1.3%, according to Districts' compiled statistical data. As of March 2026, 1,172 residents are employed, which is 3.4% below the Greater Melbourne unemployment rate of 4.8%, while workforce participation matches the Greater Melbourne level of 70.2%. Census records indicate that a high 39.5% of workers operated from home, although this may have been influenced by COVID-19 lockdowns.

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Based on Districts' compilation of the latest postcode-level ATO statistics published for financial year 2023, Macedon taxpayers recorded a median income of $62,536 and an average income of $99,347. This represents an exceptionally high level nationally, comparing to $57,688 and $75,164 for Greater Melbourne. Adjusted for a Wage Price Index increase of 9.62% since financial year 2023, current estimates correspond to approximately $68,552 for the median and $108,904 for the average as of March 2026. Data from the 2021 Census places household, family, and personal incomes in Macedon in high percentiles nationally, specifically between the 72nd and 85th percentiles. Income distribution figures show that 27.0% of the population (570 individuals) receive weekly incomes between and which is close to the wider region where fall into this range. High affluence is evident, with of earners making more than weekly, which helps sustain high-end retail and services. Residents keep of their income after paying for housing, showing strong discretionary spending capacity, and the area ranks in the th decile on the SEIFA index of relative advantage.

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The housing stock in Macedon at the time of the latest Census consisted of 96.5% standalone houses and 3.4% other dwellings like townhouses and apartments, compared to the Melbourne metropolitan split of 67.9% houses and 32.1% other dwellings. Home ownership in Macedon was significantly higher than the Melbourne metropolitan rate, standing at 44.8%, while the remaining properties were either held with a mortgage (45.8%) or rented (9.5%). The median monthly mortgage payment in the area was $2,213, notably higher than the Melbourne metro average of $2,000, whereas the median weekly rent was recorded at $371, compared to $390 in the Melbourne metro. Nationally, Macedon's mortgage costs are higher than the Australian average of $1,863, while rents sit below the national average of $375.

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Family households make up the vast majority at 80.2% of the local total, consisting of couples with children at 40.4%, couples without children at 31.4%, and single-parent households at 8.2%. Non-family households account for the remaining 19.8%, with single-person households representing 17.6% and group households making up 1.6%. The median household size stands at 2.8 people, which exceeds the Greater Melbourne average of 2.6.

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Educational attainment levels in Macedon are well above wider averages, with 39.7% of residents aged 15+ holding a university degree, compared to 27.7% in the SA3 area and 27.7% in the SA4 region. This high education profile positions the community well for professional opportunities. Bachelor degrees are the most common credential at 23.8%, followed by postgraduate degrees (10.0%) and graduate diplomas (5.9%). Vocational training is also common, with 31.7% of residents aged 15+ holding trade qualifications, comprising advanced diplomas (11.5%) and certificates (20.2%).

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Public transport analysis shows 2 active transit stops in Macedon, which are train stations. These stops are served by 4 different routes, which together provide 230 passenger trips per week. Transport accessibility is classified as limited, with residents living an average of 1081 meters from the nearest stop. The suburb is mainly residential, and most workers commute to other areas, with private vehicles remaining the primary mode of travel for 94% of residents. Households own an average of 2.0 vehicles, which is higher than the regional average. A high proportion of residents, 39.5%, work from home (recorded in the 2021 Census, which may reflect pandemic-era arrangements).

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Health indicators show excellent outcomes in Macedon, according to Districts' evaluation of mortality data and the prevalence of long-term illnesses, which revealed very low rates of common health issues across all age brackets. Additionally, private health insurance coverage is exceptionally high, covering approximately 66% of the population (1,393 people). This compares to 56.7% across Greater Melbourne and a national benchmark of 55.7%.

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Macedon displays lower levels of cultural diversity than average, with 86.0% of residents born in Australia, 91.3% holding citizenship, and 95.9% speaking only English at home. Christianity is the primary religion, followed by 38.4% of the population. The most pronounced statistical overrepresentation is in Judaism, which is followed by virtually no residents in the suburb, compared to 1.0% across Greater Melbourne.

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With a median age of 44, Macedon's population is older than the Greater Melbourne average of 37 and the national average of 38. Children aged 5 - 14 represent a large share of the population at 17.1% compared to Greater Melbourne, whereas young adults aged 25 - 34 are underrepresented at 2.8%. The proportion of 5 - 14 year olds is also higher than the national figure of 12.0%. Since the 2021 Census, the 15 to 24 cohort has increased from 11.0% to 14.2% of the population, and the 75 to 84 cohort has risen from 5.3% to 8.2%. In contrast, the 65 to group has decreased from to and the to age range has fallen from to . Demographic projections suggest the age distribution in Macedon will change by . The to group is projected to grow by ( people), rising from to while the number of residents aged to is expected to decrease by .

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Macedon currently has an estimated 82 children under 5 years old, comprising approximately 57 children aged 0-2 and 38 children aged 3-4. This cohort declined by an estimated 20% since the previous census. though population forecasts indicate future growth, with an anticipated increase of 4% by 2041 (to approximately 85 children). Meanwhile the 5-12 cohort currently amounts to 259. Birth rates in the area have averaged 6.9 per 1,000 residents over the latest two-year period, a low rate (among the bottom 20% of areas assessed nationally). This rate has slowed down slightly in recent years however.