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CofFEE Employment Vulnerability Index - Profile for Parkville, VIC


The suburb of Parkville is a Medium low risk job loss community based on the CofFEE EVI modelling.

Parkville is located in the Melbourne area, in VIC. Its CofFEE EVI score of suggests that it's residents are not very vulnerable to employment loss if the national economy contracts

It has a younger population relative to the VIC average.

In terms of post secondary qualifications, Parkville has education levels which are above the VIC average. This reduces the likelihood that the suburb will experience job losses in a national contraction.

Individuals in Parkville earn less than the median individual income for VIC, while median family income in Parkville is greater than the median family income for VIC.

Mortgage holders in Parkville are making monthly payments which are above the median VIC mortgage repayment.

Parkville's workforce is more likely to be part-time employed relative to the VIC average, and its labour market performance summarised by its overall unemployment rate relative to VIC is poor.

Parkville's workforce is more likely to be underemployed relative to the VIC average, and its labour market performance summarised by its overall unemployment rate relative to VIC is poor

The following table has more indicators which allow you to appraise Parkville relative to VIC and the nation as a whole.

Indicator - August 2016 Parkville VIC Australia
Median Age 26 37 38
% without post secondary school qualifications 35.59% 38.74% 39.50%
Median individual income ($ per week) $437 $644 $662
Median family income ($ per week) $2195 $1715.00 $1734.00
Median household income ($ per week) $1610 $1419.00 $1438.00
Median mortgage repayment ($ per month) $2000 $1728 $1755
Median rent ($ per week) $400 $325 $335
Average household size 2.20 2.60 2.60
Part-time employment as a % total 40.14% 33.66% 32.68%
Male unemployment rate 12.23% 6.56% 7.00%
Female unemployment rate 12.60% 6.65% 6.72%
Unemployment rate 12.35% 6.60% 6.86%
Male labour force participation rate 65.54% 69.94% 69.56%
Female labour force participation rate 65.20% 59.43% 59.80%
Total labour force participation rate 65.36% 64.53% 64.56%
Employment-Population ratio 50.18% 60.46% 60.26%
% Employed in Mining 0.00% 0.33% 1.66%
% Employed in Manufacturing 1.88% 7.77% 6.40%
% Employed in Construction 2.48% 8.34% 8.53%
% Employed in Retail Trade 8.05% 10.22% 9.86%
% Employed in Accommodation, Cafes and Restaurants 14.58% 6.61% 6.91%
% Employed in Finance and Insurance 4.37% 3.90% 3.60%
% Employed in Property and Business Services 1.43% 1.57% 1.70%