Cowes, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cowes
VICCensus 2021 · Population 6,595
Cowes is a coastal suburb with a total population of 6,595, characterized by a median age of 55, which is significantly higher than the Victorian average of 38. The suburb has a higher proportion of females (53%) compared to males (47%). The community is predominantly composed of couples without children, accounting for 55.9% of families, and a notable portion of single-person households at 34.7%. The area is primarily residential, with 83.4% of dwellings being separate houses, and a significant portion of homes owned outright (46.3%).
Key Highlights
- High median age of 55, indicating a mature community
- Significant owner-occupied housing with 46.3% owned outright
- Low unemployment rate of 4.4% compared to the Victorian average of 5.0%
- High percentage of separate houses at 83.4% (vs VIC 73.4%)
- 18% of residents work from home, slightly below the VIC average of 25.7%
Things to Consider
- Below average educational attainment with 15.6% holding a bachelor's degree or higher (vs VIC 29.2%)
- Low median household income of $1,026 per week compared to the VIC average of $1,759
- Limited public transport options with only 0.5% using it for commuting
- Higher percentage of low-income households at 28.0%
- Lower labour force participation rate at 43.8%
What's it like living here?
Daily life in Cowes is likely to be relaxed, with a significant portion of the population working part-time (40.6%) and a notable 18% working from home. The suburb has a low public transport usage rate of 0.5%, indicating a reliance on cars for commuting, with 54.1% of residents driving to work. The community has a strong local feel, with 73.1% of residents born in Australia and 85.5% speaking only English at home.