The dominant industry in Tarcowie is sheep farming, however in recent times[when?]

The Tarcowie Landcare Group, an environmental organisation, is based in this town.

[2] The Tarcowie township and southern half of the locality is in the Northern Areas Council.

The northern part of the locality is in the District Council of Orroroo Carrieton.

The historic former Stagg Farm Complex, located on the Tarcowie to Appila Road, is listed on the South Australian Heritage Register.