What-is-the-Cost-of-Living-in-Australia

Cost of Living in Australia (Updated 2020) – Complete Guide & Country Comparision

The cost of living in Australia is moderate, neither too cheap not too high. The cost of living in Australia is 9% higher than that of the USA, but 10% cheaper than in London. This difference in living costs is determined by the annual inflation rate, which rose to 1.6 percent in June 2019 from a low of 1.3 percent in the previous period.

SOURCE: Overseas Students Australia

Australia is one of the most developed nations of the world, enriched with both natural and cultural beauty. With a plethora of big corporates providing a large amount of employment opportunities, Australia becomes an attractive place for immigrants from all over the world, mainly Asia.

As far as education is concerned, Australia is one of the best places for higher education for both native and international students. On average, the cost of living in Australia for a student is A$18,610 a year.
The latest CPI (consumer price index) reading was above the market rate of 1.5 percent. Food inflation hit its highest in nearly five years while transport prices also shot up greatly.

Cost of Living in Australia 2020

According to the Australian government, the average per year cost to live in Australia is AU$ 20,290 which amounts to AU$ 1690.83 per month. This includes various areas of expenditure such as rent, fuel, food, internet, local transportation, and so on.

If you considering moving to Australia, you’ll need to calculate your cost of living in Australia before relocating.

Living in Australia is not very expensive. It all depends on what kind of lifestyle you prefer, that fancy social media lifestyle will surely cost you a lot. However, the cost of living may be higher or lower depending on where you want to accommodate.

It also depends on a number of other factors like:

  • Size of the family
  • City of living
  • Lifestyle
  • Choice of accommodation
  • Individual preferences

In the past few years, Australian cities have ranked to be one of the most expensive cities to live in, due to the high accommodation, rent, and food prices. Naturally, the cost of living has also increased.

There is a huge variation in the cost of living for immigrant families and international students due to different requirements, a cheaper and stable region for families, and a place with good colleges and universities for students.

Average Cost of Living in Australia

As stated earlier, the average cost of living depends on a lot of factors, here is the list of key monthly expenses:

  • House rent
  • Groceries
  • Transportation
  • Health insurance
  • Mobile, electricity, etc.

Considering only these key expenses, the average cost of living in Australia would to somewhere around AUD$2500-3000 per month.

How can you save?

  • Look for Pocket-Friendly Entertainment Options
  • Use public transport which is not as costly
  • Buy food and groceries from supermarket stores on discount days
  • Plan out your monthly budget
  • Maybe you can look for part-time work

Where to live in Australia?

Bringing you some of the best cities of Australia to live in along with the reason why you should live there, so figure out what kind of person you are and pick the best city which suit you lifestyle, however, picking your city could depend on a lot other factors so you can consider those as well:

  • Adelaide: Famous for food and drinks
  • Brisbane: For rural escapes
  • Canberra: Family place
  • Hobart: Best for relocation and property purchase
  • Melbourne: Known for its culture
  • Perth: Best climate
  • Sydney: Good for job opportunities

Housing Cost in Australia

Buying a house in Melbourne is not easy, you need to have a decent average income to buy one and even higher if you need to avoid mortgage stress. Below is a small break up monthly income you need if you want to buy a house in Melbourne.

  • Median house price in Melbourne: AUD$880,902
  • Monthly repayments: AUD$3,571
  • Average household income: AUD$78,780
  • Household income needed to avoid mortgage stress: AUD$142,829

Travel and Commuting in Australia

Travelling by public transport is a reliable and cheap way to move around the city. If you are moving to Australia as a student, most universities are either campus-based or city based with excellent public transport links.

Check if there are weekly/monthly passes available or student discounts available on transport services that you can regularly use.

Eating Out and Restaurant Costs

After accommodation, food expenses can’t be ignored. Luckily, you can reduce your bills by buying supermarket value foods.Aldi, the German grocery store chain, is a popular option for everyone to buy vegetables and other items on weekly “Special Buys” that appear every Wednesday and Saturday.

You can buy discounted food and groceries from Aldi and save on your bills. Be smart and buy groceries to cook and eat at home. Buy in bulk from outlets like Aldi where prices are a lot cheaper.

Apart from Aldi, there are other supermarket stores as well which cater well in keeping your monthly budget intact. Average cost of eating out and restaurants would come somewhere around AUD$80-200 per week

Healthcare Cost

  • Average cost of a doctor’s visit: free through Medicare.
  • The average cost of public health insurance for 1 person: 2% of income, taken through tax.
  • Average cost of private health insurance for 1 person: around AUD$2,000 per year.

Cost Of Living In Australia For Indian Students (2020)

Since 1 Australian dollar amounts to 52.89 Indian rupees, the average cost of living of an Indian student in Australia is 9,09,694.52 rupees per year. It is evident that this cost is relatively lesser than many other countries such as the UK.

A huge chunk of Indian students moves to Australia for higher studies every year, majorly because of the exposure and a higher amount of opportunities. Hence it becomes necessary to compare the cost of living in both countries.



Cost Of Living In Australia For The Indian Family

The cost of living in Australia for Indian students solely depends upon the size of the family, personal preferences, choice of accommodation and selection of the city in the chosen country.

Indians are now looking for better living alternatives other than India to increase their income, excel in their careers, and to provide a stable and healthy environment for their children to live in. Apart from many aspiring Indian students who want to study abroad, there are many Indian people aiming to settle abroad along with their families.

According to the data collected after the study of various expenses in Australia, the Living cost for one person is $2,835 per month. Average living expenses for a couple: $4,118 per month and for a family of 4 members is $5,378.

Before immigrating to any country, considering its cost of living becomes a must. This becomes even more essential if an entire family is immigrating because then the expenditure increases manifolds.

Cost of living in Melbourne for Indian Family

Initial days can obviously be tough if you relocate to Melbourne because of the various overheads that may arise out of relocation, however, if you can control your spending you can not only settle but also live a successful family life in Melbourne. For a small Indian family, the living cost without luxury would come to around AUD$2800-3200 per month. 

Cost of living in Australia vs India

According to statistics of the overall cost of living in both the countries, living in Australia is 58% more expensive than India. But this difference is made up for by the increased jobs, the better quality of life and a higher growth rate present in Australia.

Also, the GDP of Australia is quite higher than that of India, hence people earn 7% more money than India. The cost of living in India and Australia varies largely due to many different aspects like rent, food, and transportation.

Following is a basic outline of some of the major points of comparison between Australia and India, in terms of cost :

  1. Rent: Rent in India is 83.49% lower than in Australia.
  2. Food: Food in India is on average 50% lower than Australia.
  3. Transportation: Although the overall transportation cost(including public transportation) in Australia is more than India, the fuel(i.e gas and petrol) is cheaper. Also buying a new vehicle costs less in Australia.
  4. Utilities: Basic monthly utilities such as clothes, internet, and telephone tariff cost 80% more in Australia.
  5. Income: The average income rate in Australia is 14.4% more than in India.

Cost of living in Australia for International Students

Australia is one of the top destinations for higher studies among Indian students planning to study abroad. A substantial amount of top-ranking universities providing a plethora of courses are present in Australia, attracting students from all parts of the world.

While planning to study in some foreign country a lot of steps are to be followed and a lot of factors are to be taken into consideration, and the cost of living is one of those major factors.

The average international student in Australia spends about AUD$ 1,753 per month on accommodation, food, utilities(clothing, entertainment, transport) and other incidental costs.

Cost of living in Brisbane Australia

Although it is not as glamorous as Melbourne or Sydney, Brisbane is preferred for living because of its relatively lower cost of living as compared to other big cities in Australia.

Situated at the Brisbane River, Brisbane is the capital of Queensland, Australia. It is the 3rd largest city in Australia with a population of 20,54,614 people.

The average cost of living in Brisbane for a family (of 4 members) monthly costs: A$ 4,413.90 and for a single person monthly costs:
A$ 1,228.00 (rent exclusive).

Cost of living in Sydney

Sydney, capital of New South Wales, Australia. It is one of Australia’s largest cities. Famous for Sydney Opera House and Sydney Harbour Bridge, Sydney’s economy supported majorly by tourism.

Sydney is home to many top-notch universities and this fuels the number of international students immigrating here each year. Some of the major universities in Sydney are The University of Sydney and Macquarie university

The cost of living in Sydney for Four-person family monthly costs:
A$ 5,006.73 and for a single person monthly costs:
A$ 1,381.41
without rent.

Cost of living in Newcastle Australia

Newcastle is a harbor city, south wales, Australia. It has a substantial amount of beaches along its coast, adding on to its natural beauty.

Famous for the massive amounts of coal found here, Newcastle is the world’s biggest coal exporting harbor. It has a strong economy and plays a pivotal role in Australia’s international business.

Newcastle is a pretty nice place to live. The cost of living in Newcastle is $AU 4,335.46 for a family of 4 members and $AU 1,221.87 for a single person (rent exclusive).

Cost of Living in Melbourne

Melbourne is the capital of the state of Victoria, Australia, and is located in a coastal region. Also, it is the most populated state of victoria. Famous for federation square and Yarra river, it is also known as the coffee capital of the world.

For educational aspects, Melbourne is home to the well renowned University of Melbourne and Monash University offering special degree courses for international students.  

The cost of living for an international student in Melbourne as advised by the Department of Home Affairs (DHA) is approximately AU$20,290 per year. This amount is only for living and does not include college fees.



Cost of Living in Perth

Perth is the capital of Western Australia and is enriched with both natural and cultural beauty. It is one of the most isolated cities in the world as it is surrounded by the Australian mainland and the Indian ocean only.

Peth also has a lot of different universities such as the University of Notre Dame and the University of Western Australia.

For the cost of living, Four-person family monthly costs: A$ 4,496.00 without rent (using our estimator). A single person monthly costs: 1,257.05A$ without rent.

Cost of Living in Tasmania

Tasmania is an isolated state below Australia south coast. This region is mostly occupied by parks and reserves and is rich in flora. The land in Tasmania is very fertile, and as a result, the area is famous for its cuisine.

Even after being away from the Australian mainland, Tasmania has full-fledged educational facilities. It has many universities like the University of Tasmania and Tasmanian school of business.

The average monthly expenditure in Tasmania is approximately equal to AU$4,521, including rent, food, transportation, and other miscellaneous utilities.

Cost of living in Hobart

Hobart is the capital of the state of Tasmania, Australia. It is the most populous Tasmanian city with a population count of 2.06 lakhs.

Some of the most famous places of Hobart are Mount Wellington, Salamanca Place, and Battery Point. Along with that, it is one of the safest places to live in the southern hemisphere.

The cost of living in Hobart for a single person monthly costs: 1,176.68A$ (excluding rent). It is visible that it is way more affordable to live in Hobart than any of the other cities in Australia.

Cost of living in Armidale

Armidale is best known for its natural diversity, including forests, waterfalls, and mountains along with four national parks. Living in Armidale is significantly cheaper when compared with other leading cities such as Sydney.

The average monthly cost of living in Armidale is almost 50% less than that of Sydney, making it a really affordable place for families and students.

Armidale is a city in the Northern Tablelands, New South Wales, Australia. It lies between Brisbane and Sydney and has a population of 24,504. It is the administrative center for the northern tablelands.

Cost of Living in New South Wales

New south wales is a north Australian state, with Sydney as its capital. It is the most populous state in Australia with a population of over 8 million people. Living in new south wales is not as cheap as some other Australian states.

It is world-renowned for its natural beauty, including a huge range of wilderness, along with a plethora of beaches. It is also home to many of the top universities in Australia, making it a preferred place by students.

The cost of living in NSW for Four-person family monthly costs:
A$ 5,006.73 and for a single person monthly costs: A$ 1,381.41without rent. The rent is an additional amount of approximately AU$2200.

Cost of living in Queensland

It is globally known for its marvelous great barrier reef, serving as the habitat of a vast marine life. Its natural beauty is so drawing that i is often called the ultimate tourist or holiday destination of Australia.

Queensland is a northeastern Australian state with Brisbane as it capital. It is the second- and third-most-populous state in Australia, with a population of 50.7 lakhs.

The average cost of living in Queensland for a family(of 4 members) monthly costs: A$ 4,413.90 and for a single person monthly costs: A$ 1,228.00 (rent exclusive)

Cost of living in Australia vs Canada

CostAustralia(AU$)Canada(C$)
Rent$2,835$1,327.
Food$600$283.60
Transportation$250100.5
Clothes and other
utilities
$200146.64 C$
Overall8.9% costliercheaper

Cost of living in Australia vs USA

CostAustraliaUSA(USD)
RentAU$2,835$3,003
FoodAU$600$75.00-$250.00 
TransportationAU$250$500
Clothes and other
utilities
AU$200$110-150
Overall9% costliercheaper

Cost of living in Australia vs UK

CostAustraliaUK
Rent$2,835£650
Food$600£80 – £100
Transportation$250£32.10
Clothes and other
utilities
$200£150
Overall10% costliercheaper

Cost of living in Australia vs California

CostAustraliaCalifornia
RentAU$2,835$1,400
FoodAU$600$300
TransportationAU$250$100-$150
Clothes and other
utilities
AU$200 $150 – $200 
OverallSlightly cheapercostlier

Cost of living in Australia vs Germany

CostAustraliaGermany
Rent$2,835 290-850 euros
Food$60060-100 euros
Transportation$25070-80 euros
Clothes and other
utilities
$200450-600 euros
Overall15.2% cheapercostlier

Cheapest Places for Living in Australia

Australia has such a huge landmass and such a wide range of diversity that different parameters affecting the cost of living show variation from region to region.

The cheapest city to live in Australia is Hobart, followed by Wollongong and Adelaide. Here the rent is much lesser than that in Sydney and Melbourne, and this alone brings about a huge difference in the total living expenses for an individual. The average cost of living is approx $450-600 per week

Cost of living in Regional Australia

Regional Australia refers to the area apart from the Australian Capital Territory, Sydney, Newcastle, the Central Coast, Wollongong, Brisbane, the Gold Coast, Melbourne, and Perth.

But this does not mean that the quality of life in regional parts is any less than the other states, it is at par with them. The average cost of living in regional Australia is approximately $400-600 per week for a single person, including rent food and other utilities.

The regional areas of Australia are relatively less populated and less vibrant, making the cost of living drop significantly.

FAQs

What is the cost of living in Australia Melbourne for international students?

Ans. The cost of living for an international student in Melbourne as advised by the Department of Home Affairs (DHA) is approximately AU$20,290 per year. This amount is only for living and does not include the college fees

✅ What is the cost of living in Australia for the Indian family?

Ans. It is entirely state and city dependent. Although it is quite affordable in cities like Hobart, cities like Sydney and Perth are expensive for an entire family to live in. since the value of the Australian dollar is higher than the Indian rupee, the selection for the most affordable Australian state should be done. Hence the cost of living in Hobart for a single person monthly costs: 1,176.68A$ (excluding rent).

✅ How many Indians are present in Australia?

Ans. Approximately 2.8% of the population spread across Australia is of Indian descent. This amounts to 6,19,164 Indian people in Australia

What are some of the best colleges in Australia?

Ans. The University of Sydney, University of Melbourne, and universities of Queensland are the major universities in Australia. Some other top colleges are the University of Adelaide and Monash University.

✅ What are the visa requirements for Australia?

Ans. There are three major requirements for a work visa in Australia. 1. Age limit.
2. The candidate must be efficient in the English language to work in Australia.
3. The candidate must apply for a job, and the nominated job should be present in the medium and long term strategic skill list.

Apart from that certain health, skill and character assessments are also to be done

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About the Author

Rachit believes in the power of education and has studied from the top institutes of IIIT Allahabad, IIM Calcutta, and Francois Rabelias in France. He has worked as Software Developer with Microsoft and Adobe. Post his MBA, he worked with the world’s # 1 consulting firm, The Boston Consulting Group across multiple geographies US, South-East Asia and Europe.

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Comments (31)

  1. Pulkit :

    How much money do you need to live comfortably in Australia?

    • Vishesh Chogtu :

      Considering only these key expenses, the average cost of living on Australia would to somewhere around AUD$2500-3000 per month.

  2. Somesh :

    Is it expensive to live in Australia?

    • Vishesh Chogtu :

      The average cost of living in Australia may be higher than most people expect. While most Australian cities are still relatively cheaper than places like New York City, London, or Paris, the country’s vast expanse and remoteness make it an expensive place to live.

  3. vaibhav :

    What is the cheapest city to live in Australia?

    • Vishesh Chogtu :

      Hobart is the cheapest city to live in Australia.

  4. Ishita :

    How much does it cost to live a week in Australia?

    • Vishesh Chogtu :

      The average weekly expenditure in Australia is around AUD$2,200 per household.

  5. Rishabh :

    What is considered rich in Australia?

    • Vishesh Chogtu :

      Wealthy Individuals within Australia are generally deemed to be those with net investible assets (NIA) over AUD$1M (or net of over $2.5M including the family home) and earning more than AUD$250,000 per annum.

  6. Shiv :

    What is a decent salary in Australia?

    • Vishesh Chogtu :

      AUD$70000-80000 per year is good salary in Australia.

  7. Aunrag :

    Is it hard to move to Australia?

    • Vishesh Chogtu :

      Depends on your purpose, moving as a student is not hard. A lot of universities also sponsor foreign students. So, it is rather easy to move to Australia as a student.

  8. Nitesh :

    Is food expensive in Australia?

    • Vishesh Chogtu :

      Your average meal in Australia will run you about $15–20 AUD. A good meal at a nice restaurant will run you about $40 AUD.

    • Vishesh Chogtu :

      Your average meal in Australia will run you about $15–20 AUD. A good meal at a nice restaurant will run you about $40 AUD.

  9. Akash :

    Who is middle class in Australia?

    • Vishesh Chogtu :

      For a middle class in Australia between $33,300 and $88,700 for a single person, and $66,600 and $177,400 for a couple with two children.

  10. manan :

    Are houses expensive in Australia?

    • Vishesh Chogtu :

      Australia’s house prices are high compared with most other countries.

  11. Chitanya :

    What is considered low income in Australia?

    • Vishesh Chogtu :

      A low-income household is defined as $24,700 a year.

  12. Rajat :

    Is Australia cheaper than USA?

    • Vishesh Chogtu :

      Australia currently has the 12th highest cost of living in the world, with the USA and UK well behind at 21 and 23rd place respectively.

  13. Nikhil :

    How much money do I need for 2 weeks in Australia?

    • Vishesh Chogtu :

      A trip for two weeks for two people costs AU$ 5,375 in Australia.

  14. kush :

    Is 100k a year a good salary in Australia?

    • Vishesh Chogtu :

      Yes, a 100K salary is good in Australia.

  15. Disha :

    Which jobs are in demand in Australia?

    • Vishesh Chogtu :

      here is the list of jobs in Australia:
      1. Registered Nurses
      2. School Teachers
      3. Software engineers and programmers
      4. Electricians
      5. University Lecturers and Tutors
      6. Construction workers and managers
      7. Carpenters
      8. Machinists
      9. Plumbers
      10. Motor Mechanics

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