What Is The Cost Of Living In Australia? 

What Is The Cost Of Living In Australia? 

January 24, 2023 Off By Juliet D'cruz

Are you planning to shift to Australia? If yes, then you should know the cost of living in Australia. Because everyone knows everything is more prominent in Australia including the cost of living. Australia is an ideal destination to live or study abroad, a hub of immense career opportunities and quality education, with a diverse population. If you are a student and want to study in Australia, then this article will be very grateful to them. Without taking much of your time let’s get started and know the cost of living in Australia

What Is The Cost Of Living In Australia?  

The cost of living in Australia is not fixed either, you will not calculate it because it changes as per cities within the country. But, if you see the country as per rank, then Australia holds the 12th position in terms of the cost of living in the world. Here is the table given below, which consists of the cost of living in Australia vs US cost of living. 

Cost Of Living ForAustraliaUSA
Housing$1701$2220
Food$495$543
Transportation$226$98.8
Utilities$141$166
Health$52.1$133
Home Cost In Suburbs$4653$2943

Home Rent 

If you visited Australia ever then you could get that, the house prices across Australia vary greatly. However, they are significantly lower than last year, especially in big urban areas. The cost of living in Sydney Australia is more because the prices of houses are great. In Sydney, the price of the house is A$1,464,371, while Melbourne and Brisbane follow with A$1,028,452 and A$811,312. Refer to the table given below, it will give you the house rent cost in different cities in Australia.  

CityApprox 1 Bedroom Rent Per WeekApprox 2 Bedroom Rent Per Week
Sydney$670$1000
Melbourne$340$535
Brisbane$500$565
Canberra$380$525
Gold Coast$480$550

Food Cost 

To make your food you need to buy groceries, and in Australia groceries are more expensive than in many other major cities around the world. In Australia, a loaf of bread is around A$3, a bottle of milk is close to A$2, and a dozen eggs will be about A$5. A meal for two persons at a mid-range restaurant in Sydney will cost A$115 on average, compared to about A$118 in London. Here is the cost of dinner for two in different cities in Australia, including the cost of living in Australia Melbourne

CityApprox Dinner Cost For 2
Sydney$60
Melbourne$50
Brisbane$100
Canberra$107
Gold Coast$100

Travel Cost 

In Australia the cost of travel is like $3-6 for a one-way local transport ticket, $3.60-7 for a taxi tariff, $1.19-1.60 for Gasoline, $1.62-3.20 for taxi 1 Km, $90-220.70 for Monthly pass. 

Other Expenses 

After knowing the cost of travel, food, and housing, let’s know the cost of living due to other factors such as health care, utility bills, internet, etc.  

Health Care 

As far as health cost is concerned, Australia has an excellent healthcare system that could even be considered one of the best in the world. The Australian healthcare system allows residents both preventative care and specialist procedures. Still, many Australians take out private health insurance to cover extras, like dental and specialist care.  

Utility Bills 

The basic utilities including electricity, cooling, water, heating, and garbage will cost you $200 for an 85m2 apartment. The utility bill for one person is $91.4 and for a family of four, it is around $141. 

Internet Bills 

If you are a student, then you should have a clear idea of the average internet cost. In Australia, 60 Mbps or more, unlimited Data, Cable, or ADSL will cost you around $70 per month.  

Fitness 

In Australia, Gym memberships are on average A$81 a month or $972 per year. Australians take advantage of the outdoor weather with outdoor personal fitness trainers and group sessions.  

Entertainment 

As per a study, Australian citizens spend around $4,500 per year on entertainment, with streaming and gaming taking the biggest slice. There are lots of things to enjoy in Australia, including the Australian Zoo, The Great Aussie Pub Crawl, Australian Theme Parks, Australian Bars and Clubs, etc. 

Taxes 

In Australia the level of taxation measured as a proportion of the Gross Domestic Product is relatively low and around 27.7% to the OECD average of 33.4%. 

Get to know more such amazing facts by visiting Beingcost.

FAQ

Is It Cheaper To Live In USA Or Australia?

The US is ranked as the least expensive developed country in the world. Melbourne and Sydney are the most expensive countries in Australia and on the worldwide ranking, they stand at 71st and 42nd place respectively.

How Much Money Do You Need To Live Comfortably In Australia?

How Much Money Do You Need to Live Comfortably in Australia? Average living expenses vary according to where you live and the size of your household. That said, a single person would need around $1,362 (without rent) or between $2,000 and $3,537 a month for a budget lifestyle.

Is Australia Expensive To Live In?

Cost of living in Australia is, on average, 9.3% higher than in United States. Rent in Australia is, on average, 14.0% lower than in United States.

Is It Cheaper To Live In Australia Or UK?

Housing in Australia is much more expensive than the UK.

Conclusion 

In this article you have learned about the cost of living in Australia per month. If you have decided to move to Australia, one of the first steps is figuring out the cost of living in the country. And this article has given it all to you. Whether you are temporarily relocating or moving for a long time, the cost of living in the county is very essential to know. Now, you have understood all about the cost of living in Australia.