City of Adelaide

Local workers - Age structure - Financial and Insurance Services

In the City of Adelaide, there are more younger workers (15 to 44 years) than older workers (45 year and over) working in Financial and Insurance Services.

The Age Structure of an industry's local workers is a key component to understanding the role and function of that industry in the City of Adelaide. It is an indicator of the age of the industry and how long it has been established in the area, as well as the possible challenges in expanding that industry in the future.

For example an area with young local workers may be more mobile and likely to change jobs/industries in the future while an industry with an older local workers may face succession planning issues and challenges in attracting new staff.

For a complete local workers analysis for the City of Adelaide, Age Structure should be viewed in conjunction with Income and Hours worked.

Data source

Australian Bureau of Statistics (ABS) – Census 2011 (experimental imputed) & 2016 – by place of work

Please note: The 2016 Census used a new methodology to “impute” a work location to people who didn’t state their workplace address. As a result, 2016 and 2011 place of work data are not normally comparable. To allow comparison between 2011 and 2016, .id has sourced a 2011 dataset from the ABS which was experimentally imputed using the same methodology. To provide this detail, City of Adelaide in 2011 had to be constructed from a best fit of Work Destination Zones (DZNs). While it may not be an exact match to the LGA or region boundary, it is considered close enough to allow some comparison. Users should treat this time series data with caution, however, and not compare directly with 2011 data from any other source.
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Local workers age structure
City of Adelaide - Financial and Insurance Services 20162011Change
Ten year age groups (years)Number%. South Australia%Number%. South Australia%2011 - 2016
15 to 24 years5215.46.29389.49.0-417
25 to 34 years2,54026.324.12,83528.425.7-295
35 to 44 years2,69828.026.62,73527.427.3-37
45 to 54 years2,33924.224.72,16021.622.4+179
55 to 64 years1,35814.115.01,19912.013.3+159
65 years and over1952.03.51331.32.2+62
Total Persons9,651100.0100.010,000100.0100.0-349

Source: Australian Bureau of Statistics, Census of Population and Housing 2011 and 2016. Compiled and presented by .id the population experts

Please refer to specific data notes for more information
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Dominant groups

Analysis of the age structure of the Financial and Insurance Services workforce in the City of Adelaide in 2016 compared to South Australia shows that there was a higher proportion of people in the younger age groups (15 to 44 years) and a lower proportion of people in the older age groups (45 years and over).

Overall, 59.7% of the Financial and Insurance Services workforce was aged under 45 years, compared to 56.9% for South Australia. 40.3% were aged 45 years and over, compared to 43.1% for South Australia.

The major differences between the age structure of the Financial and Insurance Services workforce in the City of Adelaide and South Australia were:

  • A larger percentage of local workers aged 25 to 34 years (26.3% compared to 24.1%)
  • A larger percentage of local workers aged 35 to 44 years (28.0% compared to 26.6%)
  • A smaller percentage of local workers aged 55 to 64 years (14.1% compared to 15.0%)
  • A smaller percentage of local workers aged 65 years and over (2.0% compared to 3.5%)

Emerging groups

The largest changes in the age structure of the Financial and Insurance Services workforce in the City of Adelaide between 2011 and 2016 were:

  • 15 to 24 years (-417 local workers)
  • 25 to 34 years (-295 local workers)
  • 45 to 54 years (+179 local workers)
  • 55 to 64 years (+159 local workers)

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