How Much Does It Cost to Live In Gold Coast?
You have decided to move to Australia, but there is a dilemma which city to choose for your future living.
Among those most popular ones, which one is the most affordable when it comes to everyday expenses.
Will you have enough money to cover all the services including rent, fuel, groceries, transport, utilities if you choose to move to Gold Coast?
According to the latest reports, Gold Coast has become the sixth largest in Australia, and since it can boast with a huge amount of tourists, then it is definitely among expensive destinations.
Australia : Cost of Living by City
Cost of Living in Australia
RESTAURANTS
People who like eating out will eat well in Gold Coast.
It is full of restaurants that offer various types of cuisine and there are places that are affordable for every budget.
By spending $12, you can get a decent meal in an inexpensive restaurant, but the prices can be much higher in those more luxurious ones.
MARKETS
When it comes to food, Gold Coast is one of the cheapest capital cities in the country.
The monthly wages are below the national average, but not too much lower, so food bought at the local markets and stores is quite affordable here.
People who want to save some money choose to cook their own meals, rather than visit expensive restaurants.
TRANSPORTATION
Due to the large number of tourists, Gold Coast needs to have a great public transport system.
You can either choose to use your car for commuting, or the busses that run throughout the city.
A single ticket for one zone costs $2.20 while you can buy a weekly or monthly passes which is more affordable.
UTILITIES (MONTHLY)
Talking on the mobile phone would not cost you much, unlike the unlimited Internet access.
To pay monthly utilities, including water, heating, the Internet and power, you will need to have approximately $200.
This means that the living expenses in Australia are not the highest in Gold Coast.
SPORTS & LEISURE
Gold Coast is full of attractions and entertainment, and once being there you will probably want to experience them.
It should be noted that cinema tickets are cheaper than in other Australian cities, and fitness club pass can be found at the almost same price as everywhere in Australia.
CLOTHING & SHOES
In comparison to other Australian major cities, it can be said that clothing items are the least expensive in Gold Coast.
Still, the prices are much higher than in many places in the world, and that is the reason why not so much money of the budget is spent on it.
RENT PER MONTH
Once you get to Gold Coast, you will need a place to live there, and the amount of money necessary for a private apartment is around $1,200 per month, depending on the location and size of it.
There are flats available for less, but they are out of the city center.
Cost of Living Averages Table for Gold Coast
*Note: All prices are indicated in USD.| Average Restaurant Prices | |
|---|---|
| Meal (Inexpensive Restaurant) | $12.23 |
| Domestic Beer (0.5 Liter) | $5.03 |
| Water (0.33 Liter) | $1.77 | Average Market Prices |
| Milk (1 Liter) | $3.89 |
| Loaf Bread (500g) | $1.65 |
| Eggs (12) | $3.05 | Average Transport Prices |
| One Way Ticket | $2.34 |
| Monthly Pass | $50.34 |
| Gasoline | $3.82 | Average Utilities Prices |
| Basic (Water, Electricity, Garbage, Heating, Cooling) | $124.33 |
| 1 min. of Prepaid Mobile Tariff Local | $0.08 |
| Internet (Unlimited Data, Cable/ADSL) | $52.96 | Average Leisure Prices |
| Fitness Club, Monthly Fee for 1 Adult | $49.62 |
| Tennis Court Rent (1 Hour) | $12.59 |
| Cinema, 1 Seat, International Release | $10.79 | Average Clothing Prices |
| 1 Pair of Jeans (Levis 501 Or Comparable) | $69.22 |
| 1 Summer Dress in a Chain Store (Zara, etc...) | $37.16 |
| 1 Pair of Adidas Walking Shoes (Mid-Range) | $94.09 | Average Rent Prices |
| Apartment (1 bedroom) in City Center | $1236.69 |
| Apartment (1 bedroom) Outside of Center | $914.01 |
| Apartment (3 bedrooms) in City Center | $1801.01 |
How Does the Average Person Spend Their Money in Gold Coast?
Average Costs Breakdown
Gold Coast: Average Salary, Minimum Wage & Mortgages
For many people, Gold Coast is the best and the only place they would like to live in Australia.
According to the statistics, minimum wage is very similar to average monthly net salary and that makes life easier and people are able to cover the expenses.
The average salary is not as high as in Sydney or Melbourne, but it is still much higher than in many countries in the world.
Even, the mortgage interest rate is lower than in some European countries which have quite lower living standards.
Gold Coast Safety Overview
READ THE FULL REPORT: Gold Coast Safety Review
Safety Index:
- OVERALL RISK: MEDIUM
- TRANSPORT & TAXIS RISK: LOW
- PICKPOCKETS RISK: HIGH
- NATURAL DISASTERS RISK: MEDIUM
- MUGGING RISK: MEDIUM
- TERRORISM RISK: LOW
- SCAMS RISK: HIGH
- WOMEN TRAVELERS RISK: LOW
Cost of Living by City in Gold Coast
| City | Cost of Living Index |
|---|---|
| Adelaide | 72.92 |
| Brisbane | 70.46 |
| Canberra | 69.88 |
| Darwin | 72.47 |
| Hobart | 69.1 |
| Melbourne | 74.53 |
| Newcastle | 71.42 |
| Perth | 75.09 |
| Sydney | 79.93 |
