Pyrmont (NSW)

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Analysis of ABS demographic updates for the surrounding region, alongside new address datasets verified by Districts since the Census, indicates the suburb of Pyrmont has a population of approximately 13,933 as of May 2026. This represents a growth of 1,275 people (10.1%) from the 2021 Census, which documented 12,658 residents. This population shift is calculated from the resident population of 13,933, determined by Districts through evaluating the ABS June 2025 ERP data release and a further 19 validated new addresses since the Census date. Such demographic levels result in a density of 14,981 persons per square kilometer, positioning the area within the highest 10% of all national locations assessed by Districts, pointing to local land as a highly coveted resource. The 10.1% expansion rate in the suburb of Pyrmont since the 2021 census outpaced the state average (7.1%) and Greater Sydney, establishing the area as a regional growth leader. Overseas migration was the primary driver of this demographic expansion, accounting for roughly of the total population gains in recent times.

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Pyrmont features a workforce with high levels of qualification, particularly within the technology sector, accompanied by a low unemployment rate of 3.4% and an annual employment growth rate of 0.7%, according to Districts regional aggregations. There are 8,770 employed residents as of March 2026, with the local unemployment rate sitting 0.8% below the Greater Sydney average of 4.1%, while workforce participation matches the metropolitan benchmark of 69.1%. Census records reveal that a substantial 59.8% of employed locals worked from home, though this figure should be interpreted alongside Covid-19 restrictions active at the time.

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According to the latest ATO postcode statistics for the financial year 2023, taxpayers in Pyrmont record a median income of $63,456 and an average income of $105,118. These figures represent exceptionally high levels nationally, exceeding the Greater Sydney median of $60,817 and average of $83,003. Applying Wage Price Index growth of 10.32% since the financial year 2023, current estimates correspond to approximately $70,005 (median) and $115,966 (average) as of March 2026. The 2021 Census confirms that household, family, and individual incomes in Pyrmont are positioned in the top tier nationally, ranking between the 88th and 94th percentiles. The largest income group comprises 30.6% of residents (4,263 people) earning between $1,500 and mirroring the metropolitan pattern where fall into this bracket. Local economic strength is highlighted by the of households earning more than weekly, which underpins local retail activity. Although high housing costs consume of earnings, strong overall income levels place disposable household income in the nd percentile, with the area's SEIFA income rank landing in the th decile.

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The local housing stock at the time of the latest Census consisted of no separate houses and 100.0% multi-unit dwellings (semi-detached properties, apartments, and other residential types), contrasting with the Sydney metropolitan breakdown of 55.9% separate houses and 44.1% multi-unit configurations. Home ownership rates in Pyrmont were lower than the Sydney metropolitan average, standing at 18.3%, while the remaining properties were held under a mortgage (18.5%) or rented (63.2%). The median monthly mortgage payment of $2,800 was considerably higher than the Sydney metropolitan average of $2,427, and the median weekly rent was $580 compared to the metropolitan average of $470. On a national level, mortgage commitments in Pyrmont are notably higher than the Australian average of $1,863, while rental costs are significantly higher than the national median of $375.

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Family units constitute the majority of local households at 57.4%, which is split into couples without children (33.1%), couples with children (15.9%), and single-parent households (7.0%). Non-family households represent the remaining 42.6% of properties, with single-person households accounting for 33.0% and group households comprising 9.6%. The median household size stands at 2.1 persons, which is lower than the Greater Sydney average of 2.7.

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Educational qualifications in Pyrmont are significantly higher than state and national benchmarks, with 59.3% of residents aged 15+ holding a university degree, compared to 30.4% across Australia and 32.2% across NSW. This educational profile positions the workforce well for knowledge-intensive sectors. Bachelor degrees are the most common qualification at 37.0%, followed by postgraduate degrees (18.8%) and graduate diplomas (3.5%). Vocational training has been completed by 21.3% of residents aged 15+, which includes advanced diplomas (11.7%) and certificates (9.6%).

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Analysis of transit options shows 54 active transport stops in Pyrmont, encompassing bus, light rail, and ferry options. These stops service 7 distinct routes, facilitating a total of 5,890 passenger trips each week. Access to transport is high, with the average distance to the nearest stop being 119 meters. Because the area is mainly residential, most commuters travel out of the suburb, with private vehicles being the most common mode at 38%, followed by walking at 29%, and bus travel at 11%. Average vehicle ownership is 0.4 per household, which is lower than the metropolitan average. A high proportion of residents (59.8%) worked from home according to the 2021 Census, which may reflect pandemic-related restrictions.

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Analysis of mortality statistics and chronic disease rates by Districts indicates strong health profiles in Pyrmont, with low rates of common illnesses across all age cohorts. Additionally, private health insurance coverage is high, with approximately 68% of the population (9,521 people) holding cover, compared to 59.9% in Greater Sydney and a national average of 55.7%.

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Cultural diversity indicators are high in Pyrmont, where 56.2% of residents were born overseas and 43.1% speak a language other than English at home. Christianity is the most common religious affiliation, representing 37.0% of the population. However, Buddhism shows the most significant local concentration at 7.0%, compared to 4.1% across Greater Sydney.

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The median age in Pyrmont is 37, matching the Greater Sydney average of 37 and sitting close to the national figure of 38. The 25 - 34 age bracket is highly represented at 26.0% of the population, well above the national share of 14.6%, whereas the 5 - 14 demographic is less common at 4.8%. Since 2021, the 15 to 24 demographic has increased from 7.9% to 11.9%, and the 75 to 84 cohort grew from 3.5% to 5.1%. In contrast, the 55 to 64 group decreased from 10.5% to 8.8%, and the to group declined from to . Looking forward to demographic projections indicate significant changes in local age structures, led by a increase in the to age group (adding people to reach from ), while the to and to brackets are expected to contract.

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Pyrmont currently has an estimated 445 children under 5 years old, comprising approximately 271 children aged 0-2 and 181 children aged 3-4. This cohort declined by an estimated 27% since the previous census. though population forecasts indicate future growth, with an anticipated increase of 9% by 2041 (to approximately 483 children). Meanwhile the 5-12 cohort currently amounts to 536. Birth rates in the area have averaged 6.8 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.