The size of Licola is approximately 246.5 square kilometres. It has 4 parks covering nearly 41.0% of total area. The population of Licola in 2016 was 11 people. By 2021 the population was 7 showing a population decline of 36.4% in the area during that time. The predominant age group in Licola is 100+ years. Households in Licola are likely to be repaying under $300 per month on mortgage repayments. In general, people in Licola work in a clerical occupation.In 2021, 0.00% of the homes in Licola were owner-occupied compared with 75.00% in 2016.
Licola has 42 properties. Over the last 5 years, Houses in Licola have seen a 94.68% increase in median value. As at 30 November 2025:
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