Population, business and economic data

Located just 20km southeast of Melbourne’s CBD, the City of Monash stands out as a vibrant and dynamic community.

Monash has a population of close to 210,000 people and the largest concentration of jobs in Victoria outside of the Melbourne CBD. Close to 25,000 local businesses provide over 130,000 jobs and generate a Gross Regional Product of over $20b.

Up-to-date economic and population data is available here:

economy.id | Monash Economic Profile

Spending pattern reports

Spendmapp is an economic analysis tool that tracks consumer spending patterns using anonymised transaction data from banks and financial institutions. It categorises spending into local, visitor, and escape expenditure (money spent outside the region), providing valuable insights into economic activity.

This data can used to:

• Support local businesses by identifying spending trends and opportunities for growth.
• Help people looking to invest in Monash by providing economic activity to inform decisions.
• Plan and evaluate events and initiatives by assessing their financial impact on local businesses.
• Understand escape expenditure to develop strategies that encourage residents to shop locally.
• Measure negative impact by tracking spending before, during, and after external shocks or events that impact spending.

Click below to see monthly and quarterly reports back to 2023.

Quarterly economic snapshots

Monthly reports

Monash economic profile

City of Monash economic profile(PDF, 4MB)

Demographics
Economic strength
Education and research excellence
Healthcare innovation
Business-friendly environment
Investment enquiries

Demographics

With a population of close to 210,000 people, Monash is a place where people live, work and thrive. Key demographics gathered from the latest census data can be found at the following links:

• Community profile
• Population forecasts
• Age of population
• Ethnicity, education and disability
  
  

Economic strength

Monash has the largest concentration of jobs in Victoria outside of the Melbourne CBD. Close to 25,000 local businesses provide over 130,000 jobs and generate a Gross Regional Product of over $20b.

The City of Monash Economic Profile provides a comprehensive overview of socioeconomic profile, population and demographics, key industry sectors and workforce.

Key business indicators gathered from the latest ATO data can be found at the following links:

• Local employment by industry
• Businesses by industry
  
  

Education and research excellence

Monash University is Australia's largest university by student numbers. Its main campus fosters cutting-edge research, innovation, and academic excellence across the Indo-Pacific.

The Monash Tech School, located on the Monash University Campus, provides real-world experiences to secondary students in STEM fields.

The Australian Government's national science organisation, CSIRO, has one of their major hubs located in Clayton.

Monash also proudly hosts the only Australian Synchrotron and the Melbourne Centre for Nanofabrication, both state-of-the-art facilities advancing scientific discovery.

Healthcare innovation

The Monash Medical Centre serves as a hub of medical expertise. It houses Australia's first dedicated cardiac hospital, the Victorian Heart Hospital.

The Health Care and Social Assistance sector leads the way in employment, reflecting the city's commitment to wellbeing and community support.

Business-friendly environment

Monash thrives within a respected business community. World-class research facilities and collaborative networks create an ideal environment for innovation and growth. Connect with the Monash Precinct Network to expand on your connections to influential business leaders in the region.

For investment enquiries, reach out to the Economic Development Unit at ecodev@monash.vic.gov.au or call 9518 3555.