Millbank (Qld)

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Based on analysis of ABS population updates for the broader area, and new addresses validated by Districts since the Census the suburb of Millbank (Qld)'s population is estimated at around 2,614 as of May 2026. This reflects an increase of 115 people (4.6%) since the 2021 Census, which reported a population of 2,499 people. The change is inferred from the resident population of 2,608, estimated by Districts following examination of the latest ERP data release by the ABS (June 2025) and address validation since the Census date. This level of population equates to a density ratio of 764 persons per square kilometer, which is relatively in line with averages seen across locations assessed by Districts. Population growth for the area was primarily driven by interstate migration that contributed approximately 82.0% of overall population gains during recent periods.

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The local workforce is evenly distributed between professional and trade roles, with a strong presence in community and social services, an unemployment rate of 5.9%, and a yearly increase in employment estimated at 6.7% according to Districts' regional data compilation. In March 2026, the employed population stood at 1,064 residents, while the rate of joblessness was 2.0% higher than the 3.9% recorded in Regional Qld, and labor market participation was much lower at 51.3% compared to 64.3% in the wider region. Census figures show that a minimal 2.4% of working residents performed their duties from home, though this may have been influenced by pandemic-related restrictions.

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According to the ATO taxpayer data for the financial year 2023 compiled by Districts, Millbank recorded a median taxpayer income of $38,159 and an average income of $47,152. These figures are below the national benchmarks and compare to median and average incomes of $53,146 and $66,593 throughout Regional Qld. Adjusted for the 11.36% increase in the Wage Price Index since financial year 2023, the current figures are estimated to be approximately $42,494 for the median and $52,508 for the average as of March 2026. Data from the 2021 Census shows that personal, family, and household incomes in Millbank all rank between the 3rd and 4th percentiles nationally. The largest income bracket locally is the $400 - 799 range, which accounts for 29.6% of the population ( individuals), whereas the top bracket in the broader region is the - range at . Affordability is a major concern, with residents retaining just of their income after housing costs, placing the area in the th percentile.

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The mix of housing in Millbank at the time of the latest Census consisted of 76.7% freestanding houses and 23.3% alternative housing types, such as townhouses, units, or other dwellings, which is very similar to the Regional Qld breakdown of 76.4% houses and 23.6% other options. However, home ownership was much more common in Millbank at 38.2%, with the rest of the market split between mortgaged homes (24.6%) and rental properties (37.3%). The median mortgage payment was $1,188 per month, and the median rent was $270 per week, both of which are lower than the Regional Qld medians of $1,655 and $345. On a national level, Millbank's mortgage payments are far lower than the Australian median of $1,863, and weekly rents are also well below the national median of $375.

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Families make up the majority of households at 63.6%, consisting of couples with children at 19.0%, couples without children at 28.5%, and single parents at 15.1%. The remaining 36.4% are non-family households, which are mostly people living alone at 32.5% along with group households at 3.8%. The median household size of 2.2 people is slightly smaller than the Regional Qld average of 2.5.

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Academic achievement in the neighborhood is relatively low, with university graduation rates at 14.1% compared to the national average of 30.4%. This gap highlights a significant need for educational resources and programs. Among university graduates, bachelor degrees are the most common at 10.0%, followed by postgraduate degrees at 2.7% and graduate diplomas at 1.4%. Vocational and technical qualifications are highly prevalent, with 35.7% of residents aged 15+ holding trade credentials, consisting of advanced diplomas at 6.8% and certificates at 28.9%.

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There are 14 public transport stops in Millbank, which are serviced by bus routes. These stops accommodate 5 different routes that run a combined 222 passenger trips each week. Transport access is good, with the average resident living within 208 meters of a stop. Because the area is primarily residential, most workers travel outside the suburb to commute, and cars are the main way to travel at 94%. Households own an average of 1.1 cars, which is lower than the regional average. A small 2.4% of residents worked from home, according to the 2021 Census, which may have been influenced by COVID-19 rules.

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Significant health concerns are apparent in Millbank based on Districts' evaluation of local mortality rates and chronic illnesses, which impact both younger and older demographics, while the proportion of residents with private health insurance is very low at roughly 46% of the population (~1,199 people). This is lower than the 52.5% rate in Regional Qld and the national average of 55.7%.

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Millbank has lower cultural diversity than many other areas, with 87.6% of the population born in Australia, 91.4% holding citizenship, and 93.3% speaking only English at home. The most common religious affiliation is Christianity, representing 54.4% of the population, compared to 52.2% across Regional Qld.

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The median age of 47 years in the suburb of Millbank (Qld) is older than Regional Qld's median of 41 and the national median of 38. Compared to Regional Qld, there is a high concentration of residents aged 85+ (6.6%), while those aged 35 - 44 are less common (9.3%). Since 2021, the 25 to 34 age bracket grew from 11.4% to 12.8% of the population, while the 5 to 14 age group shrank from 10.6% to 10.0%. Projections indicate that the local age profile will shift significantly by 2041. The group aged 85+ is expected to grow by 76 people (44%), rising from 172 to . Overall, residents aged + are expected to account for of total population growth, showing the aging of the community. In contrast, the cohorts aged to and to are projected to decrease in size.

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Millbank currently has an estimated 138 children under 5 years old, comprising approximately 81 children aged 0-2 and 54 children aged 3-4. This cohort grew by an estimated 16% since the previous census. while population forecasts indicate future growth, with an anticipated increase of 3% by 2041 (to approximately 142 children). Meanwhile the 5-12 cohort currently amounts to 228. While growth has been positive birth rates observed in the area have been moderate, with approximately 9.0 births per 1,000 residents recorded over the latest two-year period analysed which ranks the area within the middle tier nationally. This rate has slowed down slightly in recent years however.