The size of Cooloolabin is approximately 32.6 square kilometres. It has 3 parks covering nearly 68.7% of total area. The population of Cooloolabin in 2011 was 425 people. By 2016 the population was 253 showing a population decline of 40.5% in the area during that time. The predominant age group in Cooloolabin is 60-69 years. Households in Cooloolabin are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cooloolabin work in a trades occupation. In 2011, 82.7% of the homes in Cooloolabin were owner-occupied compared with 86.5% in 2016.