Quambatook like many of the small Mallee towns, the local economy has been subject to the changing fortunes in agriculture. Local communities are working hard to create new opportunities and Quambatook has a strong community spirit.
Local businesses include the Quambatook District Share Shop, Quamby Car KWAP & Coffee, Quambatook General Store, Quambatook Hotel, North West Ag, the Caravan Park, the Quamby Rose Cottage (Airbnb) and the community based Quambatook Resource Centre.
The Silo Cinema is a unique, community run cinema which attracts many visitors to Quambatook. Old grain silos positioned in the centre of town become a big screen showcasing great Aussie films such as The Dress Maker (partly filmed in the Mallee), Red Dog, Crocodile Dundee and Priscilla Queen of the Desert. The local share shop is very popular while the community caravan park is a great asset for the town. Plans to develop the Avoca Weir pool will also improve the liveability of Quambatook. The heritage farm machinery group is very active in Quambatook hosting annual events.