The size of Coalbank is approximately 96.8 square kilometres. The population of Coalbank in 2011 was 342 people. By 2016 the population was 30 showing a population decline of 91.2% in the area during that time. The predominant age group in Coalbank is 50-59 years. Households in Coalbank are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Coalbank work in a managers occupation. In 2011, 74.5% of the homes in Coalbank were owner-occupied compared with 116.6% in 2016..
Coalbank has 47 properties. As at 31 October 2024:
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