The size of Killaloe is approximately 20 square kilometres. It has 3 parks covering nearly 4% of total area. The population of Killaloe in 2011 was 1,030 people. By 2016 the population was 124 showing a population decline of 88.0% in the area during that time. The predominant age group in Killaloe is 50-59 years. Households in Killaloe are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Killaloe work in a trades occupation. In 2011, 60.6% of the homes in Killaloe were owner-occupied compared with 95.3% in 2016.
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