The size of Licola is approximately 246.5 square kilometres. It has 4 parks covering nearly 41% of total area. The population of Licola in 2006 was 20 people. By 2011 the population was 24 showing a population growth of 20.0% in the area during that time. The predominant age group in Licola is 50-59 years. Households in Licola are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Licola work in a labourer occupation. In 2006, 100% of the homes in Licola were owner-occupied compared with 50% in 2011..
Licola has 41 properties. Over the last 5 years, Houses in Licola have seen a 94.68% increase in median value. As at 31 October 2024:
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