Cost of Living in Australia

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How Much Does It Cost to Live In Australia?

Believing that it is a paradise on Earth, people all around the world often dream of moving to and settling in Australia.

Whether it is because of the sun, sea, and surfing, or due to the high living standards, what you need to know before traveling there is how much money you need to cover the basic expenses.

Australia used to be and still is an attractive destination for people all over the globe, as they will be earning a good salary, but spending less than you can imagine or expect.

RESTAURANTS

If you want to enjoy yourself in Australia, you should think about visiting and dining in any of its restaurants.

The prices are reasonable when compared to the monthly wage, but not at all appropriate for tourists coming from countries with an average monthly net salary of $200.

That is why many of them decide to prepare a home-cooked meal made of groceries bought at the local markets.

MARKETS

The food, fruit, and vegetable prices at local markets are rather affordable.

The price of bread and eggs might be slightly higher than elsewhere in the world, but that is not unusual for Australia.

It is interesting that you might spend $6 or even more for a cup of coffee there.

TRANSPORTATION

Australia has amazing public transportation, but to be able to use it you will need to pay relatively high transport costs.

Even though it is not in the first place based on the expense and there are places where transportation prices are even higher, a monthly transport ticket can cost up to $107 in some cities in Australia.

UTILITIES (MONTHLY)

With the average monthly salary in Australia, the prices of utilities are not considered high.

However, when compared to the salaries in other countries, giving $191 a month for basic services would be taken as impossible to manage.

Phone calls are cheap and reasonable, while the Internet is extremely expensive.

SPORTS & LEISURE

Australians are very fond of sports and outdoor activities and they promote a healthy lifestyle while enjoying walking, running, and cycling.

Prices for monthly fitness fees are rather low and they differ from city to city in Australia, but generally speaking, they are fully affordable even to those who earn minimum wages.

CLOTHING & SHOES

Due to the higher living standards, the prices of clothing and shoes are a bit higher than in some less developed countries.

It is somehow a normal situation and when compared to the average net salaries of Australian citizens, they are not too high.

Designer clothes are expensive, no matter how high the living standards are, and the same situation is in Australia.

RENT PER MONTH

The rent takes a lot of money and it is always more expensive to rent an apartment in huge cities like Sydney or Melbourne than in some areas out of the city center.

Monthly rent for accommodation can be even $1,499 in the city center and less expensive outside of the urban areas.

Cost of Living Averages Table for Australia

How Does the Average Person Spend Their Money in Australia?

When you take a look at the statistics, almost in every country rent and food take the most money.

They are basic necessities that have to be paid for before everything else.

Australia is a country where not much money is spent on clothing, only 2.3%.

They like visiting restaurants and eating out, but still, most of the meals are prepared at home.

It is interesting that even though they promote a healthy lifestyle, an insignificant amount of money is spent on sports and leisure.

Average Costs Breakdown

Australia: Average Salary, Minimum Wage & Mortgages

Even though Australia belongs to those countries with the highest cost of living in the world, it is so due to the high monthly net salaries that its citizens get.

Compared to some less developed countries, their minimum wage is 10 times higher and thus the prices are greater.

It is worth noting that mortgage interest rates are quite lower than in less developed countries.

All in all, if you have a well-paid job there, it is definitely a perfect place for life.

Australia Safety Overview

READ THE FULL REPORT: Australia Safety Review

Safety Index:

86

• OVERALL RISK: LOW
• TRANSPORT & TAXIS RISK: MEDIUM
• PICKPOCKETS RISK: LOW
• NATURAL DISASTERS RISK: HIGH
• MUGGING RISK: LOW
• TERRORISM RISK: LOW
• SCAMS RISK: LOW
• WOMEN TRAVELERS RISK: LOW

Cost of Living by City in Australia