Monash Economic Profile
Located just 20km southeast of Melbourne’s CBD, the City of Monash stands out as a vibrant and dynamic community.
With an estimated population exceeding 203,500 residents, Monash boasts the largest concentration of jobs outside the CBD. Over 24,000 local businesses provide almost 128,000 jobs, generating a Gross Regional Product (GRP) of over $18 billion in 2023 (according to NIEIR data).
The City of Monash Economic Profile provides a comprehensive overview of socioeconomic profile, population and demographics, key industry sectors and workforce.
2023 City of Monash economic profile(PDF, 4MB)
Key economic profile highlights
Demographics
Economic strength
Education and research excellence
Healthcare innovation
Business-friendly environment
Investment enquiries
Demographics
With an estimated population exceeding 203,000 residents, 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:
Economic strength
Monash boasts Melbourne's largest concentration of jobs outside the CBD. Over 24,000 local businesses contribute to a robust economy, generating a Gross Regional Product (GRP) of over $18 billion in 2023 (according to NIEIR data).
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:
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.