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Cost of Living in Australia: The Ultimate Guide


Australia has long been regarded as the ideal place to establish permanent residency. The country has a lot to offer, whether your goal is to relocate your family, seek new career prospects, embark on an outback adventure, or pursue your dream education target. Despite the fact that Australians are renowned for leading simple and carefree lives, the cost of living Australia may be higher than you might think. In this article, we have made a list of everything you need to know about the cost of living in Australia.

What is Cost of Living in Australia?

First of all, let’s discuss the idea of the cost of living. The cost of basic goods and services, overall affordability, and the effects of cost fluctuations on individuals and families across the nation are some of the criteria used to calculate the cost of living. Precisely estimating living expenses in Australia can be challenging because it depends on location and length of time. For instance, Expatistan, a collaborative database, crowdsources prices from Australians to estimate Australia’s cost of living today.

According to Expatistan, the monthly cost of living Australia for a single person is approximately A$4,489, or A$8,026 per month for a family of four, just for the necessities. Australia is ranked 9th out of 66 countries in the globe, making it one of the most expensive places to live.

How to Measure Australia Cost of Living?

In the case of Aus cost of living, the Australian government calculates living expenses using:

  • The change in the value of goods and services is measured by the Consumer Price Index (CPI).
  • The costs of upholding a level of living are measured by Living Cost Indexes, or LCIs.
  • The Wage Price Index (WPI) tracks changes in labour costs, earnings, and wages across various industry sectors.

Cost of living (COS) measures are useful tools. However, the outcomes are not always consistent. Because of this, COS shouldn’t be regarded as the final deciding factor on the conditions affecting a population as a whole. Having said that, learning about the cost of living and the ranges of differences may aid in your comprehension of how you might be impacted individually, as well as the steps you can take to reduce Australia cost of life.

Cost of Living in Australia: Comprehensive Guide

Item Australia (AUD)
Tax Rates 0-$18,200 = Nil$18,201–$45,000 = 19c for each $1 over $18,200
$45,001–$120,000 = $5,092 plus 32.5c for each $1 over $45,000
$120,001–$180,000 = $29,467 plus 37c for each $1 over $120,000
$180,001 and over = $51,667 plus 45c for each $1 over $180,000
House expenses $1500-$3200/month for 1-Bedroom Apartment
Utility Bills $165/month
Groceries $140 avg/week for Single Person
$180 avg/week for Couple Only
$195 avg/week for Single Parent with Children
$258 avg/week for Couple with Children
Health and Fitness $70/month for Gym Membership (Excluding extra services like extra classes or trainers)
Education $158/year for Public Elementary School-$12,860/year for Private Secondary School
$300/week for English Language course
$4,000-$22,000/year for Vocational Education and Training
$15,000-$33,000 total for Foundation course
$15,000-$33,000/year for Bachelor’s Degree
$14,000-$37,000/year for Master’s Degree
$14,000-$37,000/year for Doctoral Degree
$11,000-$121,000/year for MBA
Childcare $130-$200/day
Transportation $127 for Public Transport


1. Housing Expenses

The largest expense on any Australian budget is typically housing. Whether it’s for a home loan, rent, or even just basic utilities like energy, housing costs are unavoidable. On the other hand, you are considered to be in “housing stress” if you are spending more than 30% of your income on housing (rent or mortgage payments, for example).

The average house rent for a one bedroom apartment starts from $1500/month. In centre areas, the amount can reach $3200/month.


One of the main criteria the Australian government uses to assess housing affordability is housing stress. Low levels of housing stress imply that everybody can rent or buy a home, whereas high levels point to an unjust and costly housing market.

Housing accounts for a sizable portion of the cost of living because it is a necessary commodity. To help on this matter, uhomes.com lists Australia accommodation options to help you manage your Australia cost of living per month.

2. Transportation Expenses

Fortunately, there is a good public transportation system in major Australian cities, so driving a car is not always necessary. However, for those Australians who choose to drive, these are the essential costs that vary depending on living expenses: car prices, gasoline, registration fees, and premiums for car insurance. Transportation expenditures for businesses can also be impacted by car expenses. Fuel prices can affect everything from the delivery of online orders to the transportation of food from farms. As a result, automobile expenses are a crucial CPI to monitor for the cost of living Australia.

According to the AAA, the average Australian household spends A$434.77 per week on car running costs. It assumes a household consists of two working adults who own two cars – one they own and the other they pay off their mortgage. Below is the breakdown of Australia transportation expenses:

Transport category Estimated cost/week (AUD) Increase since the previous quarter
Car loan payment $190.21 43.7 per cent
Fuel $102.25 23.5 per cent
Insurance $38.85 8.9 per cent
Servicing and tyres $34.66 8 per cent
Registration, CTP and licensing $31.01 7.1 per cent
Public transport $21.72 5 per cent
Tolls $13.72 3.2 per cent
Roadside assistance $2.36 0.5 per cent


3. Food Expenses

Everyone’s cost of living is directly impacted by changes in the price of food and beverages because grocery shopping is an evident necessity. Over time, even a ten-cent increase in milk prices adds up. In Australia, a few food groups that have seen a rise recently are:

  • Dairy items, such as cheese and milk.
  • Canned foods, such as spaghetti and baked beans in a can.
  • Grains such as wheat, rice, oils, and fats; also include allied goods like bread, biscuits, and beer.
  • Fresh greens and fruits.
  • Red meat, such as lamb and cattle.

Australians’ nutrition may suffer if they cannot afford to buy high-quality foods. Long-term, this can impair not just the cost of living in Australia but also the standard of living by posing serious (and costly) chronic health hazards.

4. Education Cost

Parents must pay tuition for their children’s education, which ranges from A$158 for public elementary schools to A$12,860 for private secondary schools. Once more, prices differ between States and Territories. The most expensive state for government education is South Australia. For elementary students, the average annual voluntary contribution requested by the schools is A$440, while for secondary students, it is A$978.

Australia Cost of Living by City

  Sydney (AUD) Brisbane
Individual, without rent $2,152 $1,773.7 $1,987.6 $2,105.6 $1,746
Family of 4, without rent $6,408 $6,251.50 $6,933.7 $7,488.30 $6,200
Utilities, for 85m² Apartment $327.19 $342.36 $460.92 $375.95 $312.52


1. Sydney

Living in Sydney is among the most costly cities in Australia. Sydney’s cost of living is far higher than that of other Australian cities, with an average monthly wage of A$5,809.68, basic utility expenditures of around A$327.19 (for an 85m²), and rental prices of about A$3,261.5 (for a one-bedroom apartment). If you’re thinking of managing your cost of living in Australia, especially if you are looking for student accommodation in Sydney, you can try using uhomes.com to find your best living environment in the city.


2. Brisbane

In Brisbane, the average monthly cost for a single person is expected to be A$1,773.7, while the cost for a family of four is anticipated to be about A$6,251.50 without rent. Overall, Brisbane is 3.9% less expensive than Sydney, with rental costs being more than 28% less. The average monthly utility bill for an 85m² apartment in Brisbane is A$342.36, while the monthly rental cost of a one-bedroom apartment in the city centre is about A$2,600. In Brisbane, the average monthly net salary is A$4,957.61.

3. Adelaide

Adelaide is generally thought to be 7.4% more costly than Sydney. The average monthly expenses, without rent, for a family of four are A$6,933.7, and for an individual, they are A$1,987.6. Nonetheless, the rent of Adelaide accommodation is 36.1% less than Sydney’s. But the average household will need to pay A$460.92 per month for basic utilities on an 85㎡ apartment, while the average salary is A$4,160.28.

4. Canberra

The prices for Canberra accommodation rent is on average 23.2% lower than those in Sydney; nevertheless, without rent, Canberra is 15% more expensive. Monthly expenses for a family of four can reach up to A$7,488.30 before account for rent or a mortgage. And without rent, the projected monthly expenses for an individual are A$2,105.6.

5. Melbourne

The average monthly cost of living in Melbourne for a family of four is A$6,200 without rent or A$1,746 for an individual without rent too. Overall, without rent, Melbourne is 2.7% less expensive than Sydney, and on average, rent of student accommodation in Melbourne is 21.5% less than in Sydney. Melbourne residents pay an average of A$312.52 in utility expenses per month for an 85m2 flat, and A$2,486.40 is the monthly rent for a one-bedroom apartment in the CBD.

What are the Tax Rates in Australia?

In Australia, your income determines how much tax you must pay. Currently, no tax is due if your annual income is less than A$18,200. If your income is A$180,001 or more, on the other hand, you will pay A$51,667 + 45c for every A$1 over A$180,000.

What is the Average Australian Income

The Australian Bureau of Statistics (ABS) reports that the average annual income of Australians reached AUD 92,000 (approximately Rs 441,600) during the 2023-2024 financial year.

Average Annual Salary by Industry

Mining: highest average annual salary at A$140,478.
Information media: A$116,287.60.
Telecommunications, financial and insurance services: A$111,722.
Professional, scientific and technical services: A$108,258.80.

Average Annual Graduate Salary

The average annual salary for Australian graduates in 2024 is A$74,944.
Oil and Gas Mining: A$82,135.
Banking and Financial Services: A$80,874.
Energy Utilities: $74,551 AUD.

Salaries by State

Victoria has the highest average annual salary for recent graduates at A$68,738.
The capital city region of Canberra ranks second with a salary of A$68,195.
Queensland, Western Australia and New South Wales all have salaries of around A$67,000.


To sum up this article, precisely estimating the cost of living in Australia can be challenging because it depends on location and time. Similar to anywhere else, Australia cost living has three main factors, which are accommodation, transportation, and food expenses. A collaborative database, Expatistan, concludes that living in Australia is more expensive than living in 88% of other nations. Nonetheless, you can compare the Aus cost of living by city to fit your preferences and goals. For a family of four, it will be helpful to do thorough research on the annual cost of living Australia before deciding to move into a certain Australian city.


The top 6 highest wages in the country in 2024 are:

  • Surgeon: A$394,303
  • Anesthetist: A$386,065
  • Internal Medicine Specialist: A$304,752
  • Financial Dealer and Trader: A$275,984
  • Psychiatric: A$235,558
  • Other medical practitioners: A$222,933

Moving to Australia will be worth it. Australia is a desirable place for immigrants with its high-quality lifestyle, strong economy, abundant job opportunities, high annual salary, longer-paid vacations, free healthcare services, world-class education resources, and many more.

Yes, the average living cost in Australia will go down after the cost of living crisis happened in 2022 -2023, caused by the supply chain disruptions from the pandemic, international conflicts, etc. In addition, economies’ cycle ensures that the living costs’ stress will ease over time, meaning that the price inflation will stabilize.

Generally speaking, you can live comfortably on $100,000, with the average salary in Australia being around $98,000 per annum and most salaries around $65,000 per annum. Average salaries vary widely by industry, location and experience level.

The high cost of living in Australia is largely the result of a combination of factors, such as high house prices and rents, high prices for food and everyday items, high transport costs, rising education costs, energy costs, and lifestyle changes. 

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