The average cost of living in Australia for international students is AUD 29,710 per year, with some students spending over AUD 40,000, depending on location. This amounts to about AUD 1,200 per week. For context, a family of four's monthly expenses (excluding rent) are around INR 311,836 (AUD 5,766), while a single person's costs are INR 87,829 (AUD 1,624). Overall, the cost of living in Australia is 217.8% higher than in India, with rent being 509.4% more expensive.
By the end of this blog, you will know
- The key factors that contribute to the cost of living in Australia.
- How to plan and manage your finances effectively while studying in Australia.
- The cost differences between major cities and regional areas in Australia.
What is the Cost of Living in Australia? Key Highlights
Here is an overview of the cost of living in Australia, including expenses for restaurants, markets, transportation, utilities, and more:
Restaurant
|
Cost (Australian Dollar)
|
Meal, Inexpensive Restaurant
|
25.00 A$
|
Meal for 2 People, Mid-range Restaurant, Three-course
|
120.00 A$
|
McMeal at McDonalds (or Equivalent Combo Meal)
|
15.00 A$
|
Domestic Beer (0.5 litre draught)
|
11.00 A$
|
Imported Beer (0.33 litre bottle)
|
11.00 A$
|
Cappuccino (regular)
|
5.34 A$
|
Coke/Pepsi (0.33 litre bottle)
|
4.09 A$
|
Water (0.33 litre bottle)
|
3.35 A$
|
Markets
|
Milk (regular), (1 litre)
|
2.34 A$
|
Loaf of Fresh White Bread (500g)
|
3.77 A$
|
Rice (white), (1kg)
|
3.22 A$
|
Eggs (regular) (12)
|
6.46 A$
|
Local Cheese (1kg)
|
14.06 A$
|
Chicken Fillets (1kg)
|
13.01 A$
|
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
|
21.53 A$
|
Apples (1kg)
|
4.86 A$
|
Banana (1kg)
|
4.18 A$
|
Oranges (1kg)
|
4.44 A$
|
Tomato (1kg)
|
6.51 A$
|
Potato (1kg)
|
3.75 A$
|
Onion (1kg)
|
3.27 A$
|
Lettuce (1 head)
|
3.36 A$
|
Water (1.5 litre bottle)
|
2.38 A$
|
Bottle of Wine (Mid-Range)
|
20.00 A$
|
Domestic Beer (0.5 litre bottle)
|
7.02 A$
|
Imported Beer (0.33 litre bottle)
|
7.79 A$
|
Cigarettes 20 Pack (Marlboro)
|
46.00 A$
|
Transportation
|
One-way Ticket (Local Transport)
|
4.72 A$
|
Monthly Pass (Regular Price)
|
161.55 A$
|
Taxi Start (Normal Tariff)
|
5.50 A$
|
Taxi 1km (Normal Tariff)
|
2.70 A$
|
Taxi 1hour Waiting (Normal Tariff)
|
58.00 A$
|
Gasoline (1 litre)
|
1.84 A$
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
|
44,423.00 A$
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
|
34,702.32 A$
|
Utilities (Monthly)
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
|
279.27 A$
|
Mobile Phone Monthly Plan with Calls and 10GB+ Data
|
41.66 A$
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
|
82.26 A$
|
Sports And Leisure
|
|
Fitness Club, Monthly Fee for 1 Adult
|
74.08 A$
|
Tennis Court Rent (1 Hour on Weekend)
|
25.61 A$
|
Cinema, International Release, 1 Seat
|
22.00 A$
|
Childcare
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
|
2,417.34 A$
|
International Primary School, Yearly for 1 Child
|
19,076.66 A$
|
Clothing And Shoes
|
1 Pair of Jeans (Levis 501 Or Similar)
|
114.06 A$
|
1 Summer Dress in a Chain Store (Zara, H&M, ...)
|
81.12 A$
|
1 Pair of Nike Running Shoes (Mid-Range)
|
159.79 A$
|
1 Pair of Men Leather Business Shoes
|
175.61 A$
|
Rent Per Month
|
Apartment (1 bedroom) in City Centre
|
2,143.51 A$
|
Apartment (1 bedroom) Outside of Centre
|
1,699.84 A$
|
Apartment (3 bedrooms) in City Centre
|
3,510.80 A$
|
Apartment (3 bedrooms) Outside of Centre
|
2,619.62 A$
|
Buy Apartment Price
|
Price per Square Meter to Buy Apartment in City Centre
|
10,543.75 A$
|
Price per Square Meter to Buy Apartment Outside of Centre
|
7,780.49 A$
|
Salaries And Financing
|
Average Monthly Net Salary (After Tax)
|
5,600.78 A$
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
|
6.38
|
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What is the Cost of Living in Australia Per Month?
The average monthly cost of living in Australia, excluding rent, ranges from AUD 1,400 to AUD 2,500. This covers basic living expenses like food, transportation, and healthcare. The cost can vary depending on your lifestyle and location.
Below is the monthly accommodation costs in Australia (excluding rent):
Accommodation
|
Monthly Cost (AUD)
|
Monthly Cost (INR)
|
Homestays
|
450-1200
|
25,000-67,000
|
Halls of residence
|
440-1100
|
24,500-61,200
|
Apartment
|
750-1700
|
42,000-95,000
|
Shared apartment
|
650-950
|
36,000-53,000
|
City-Wise Cost of Living in Australia Per Month
The cost of living in Australia can vary greatly depending on the city. Below is a simplified table showing the monthly living expenses for each major city:
Australian City
|
Cost of Living per Month (AUD)
|
Cost of Living per Month (INR)
|
Canberra
|
4,310
|
₹2,44,593
|
Sydney
|
3,982
|
₹2,25,979
|
Melbourne
|
3,778
|
₹2,14,402
|
Perth
|
3,774
|
₹2,14,175
|
Brisbane
|
3,726
|
₹2,11,451
|
Hobart
|
3,614
|
₹2,05,095
|
Adelaide
|
3,502
|
₹1,98,739
|
Darwin
|
3,486
|
₹1,97,831
|
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Cost of Living in Major Australian Cities
Here is a simplified breakdown of the average cost of living in popular Australian cities for students, bachelors, couples, and families:
Sydney:
Area of Expense
|
Students
|
Bachelors
|
Couples
|
Families
|
Accommodation
|
AUD 650–1,000
|
AUD 1,997
|
AUD 2,000–3,500
|
AUD 3,759
|
Food and Groceries
|
AUD 754
|
AUD 863
|
AUD 150–250/week
|
AUD 2,215
|
Transportation
|
AUD 160
|
AUD 626
|
AUD 60–120/week
|
AUD 1,626
|
Utilities
|
AUD 190
|
AUD 177
|
AUD 200–300
|
AUD 273
|
Entertainment
|
AUD 50–100
|
AUD 50–100
|
AUD 100–200/week
|
AUD 300–800
|
Melbourne:
Area of Expense
|
Students
|
Bachelors
|
Couples
|
Families
|
Accommodation
|
AUD 800–1,200
|
AUD 1,334
|
AUD 1,800–3,200
|
AUD 2,155
|
Food and Groceries
|
AUD 500–600
|
AUD 566
|
AUD 140–220/week
|
AUD 1,450
|
Transportation
|
AUD 160
|
AUD 315
|
AUD 50–100/week
|
AUD 803
|
Utilities
|
AUD 220
|
AUD 121
|
AUD 180–270
|
AUD 181
|
Entertainment
|
AUD 80–140
|
AUD 80–140
|
AUD 90–170/week
|
AUD 120–480
|
Perth:
Area of Expense
|
Students
|
Bachelors
|
Couples
|
Families
|
Accommodation
|
AUD 300–800
|
AUD 1,713
|
AUD 1,500–2,800
|
AUD 2,740
|
Food and Groceries
|
AUD 696
|
AUD 872
|
AUD 120–200/week
|
AUD 2,216
|
Transportation
|
AUD 168
|
AUD 385
|
AUD 45–90/week
|
AUD 997
|
Utilities
|
AUD 147
|
AUD 204
|
AUD 160–240
|
AUD 327
|
Entertainment
|
AUD 50–100
|
AUD 100–200
|
AUD 80–150/week
|
AUD 300–500
|
Brisbane:
Area of Expense
|
Students
|
Bachelors
|
Couples
|
Families
|
Accommodation
|
AUD 840–2,000
|
AUD 1,858
|
AUD 1,800–3,000
|
AUD 2,555
|
Food and Groceries
|
AUD 560–1,120
|
AUD 851
|
AUD 140–220/week
|
AUD 2,180
|
Transportation
|
AUD 90–120
|
AUD 388
|
AUD 50–100/week
|
AUD 998
|
Utilities
|
AUD 170–215
|
AUD 175
|
AUD 180–270
|
AUD 257
|
Entertainment
|
AUD 80–100
|
AUD 100–150
|
AUD 90–170/week
|
AUD 300–400
|
Canberra:
Area of Expense
|
Students
|
Bachelors
|
Couples
|
Families
|
Accommodation
|
AUD 400–500/week
|
AUD 1,400–2,600
|
AUD 1,900–3,300
|
AUD 3,000–5,200
|
Food and Groceries
|
AUD 100–150/week
|
AUD 95–145/week
|
AUD 145–230/week
|
AUD 230–360/week
|
Transportation
|
AUD 4.80/day
|
AUD 40–70/week
|
AUD 60–120/week
|
AUD 100–200/week
|
Utilities
|
AUD 20–50/week
|
AUD 150–200/month
|
AUD 200–300/month
|
AUD 300–450/month
|
Entertainment
|
AUD 40–80/week
|
AUD 75–150/week
|
AUD 100–200/week
|
AUD 150–300/week
|
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Average Cost of Living in Australia for International Students
Here is the average monthly living expenses for international students in Australia:
Expense
|
Cost Range (AUD)
|
Accommodation
|
AUD 800 - AUD 2,000
|
Food and Groceries
|
AUD 280 - AUD 480
|
Transportation
|
AUD 75 - AUD 216
|
Utilities
|
AUD 270 - AUD 490
|
Entertainment
|
AUD 100 - AUD 120
|
Personal Expenses
|
AUD 80 - AUD 90
|
How is the Living Cost in Australia for International Students Calculated?
When planning to study in Australia, international students need to consider various expenses that make up the total cost of living. These expenses typically include the following:
1. Tuition Costs
Fees for the academic program.
2. Accommodation Costs
Rent or homestay expenses.
3. Travel Costs
Public transportation, travel within Australia, and to/from home country.
4. Health Insurance Costs
Overseas Student Health Cover (OSHC) is required for international students.
5. Utility Costs
Charges for electricity, water, and gas.
6. Entertainment Costs
Expenses for activities like movies, sports, and leisure.
7. Personal Expenses
Miscellaneous costs such as clothing, toiletries, etc.
8. Food and Groceries
Daily meals, snacks, and supplies.
Accommodation Costs in Australia for International StudentsAccommodation is one of the largest monthly expenses for international students in Australia. Depending on your preferences, you can choose from various types of accommodation, such as homestays, residence halls, apartments, or shared housing.
Here is a breakdown of typical accommodation costs for international students:
Accommodation Type
|
Cost Range (AUD)
|
In-home care (Homestay)
|
AUD 450 - AUD 1,200
|
Residence Halls
|
AUD 440 - AUD 1,100
|
Apartment Rental
|
AUD 750 - AUD 1,700
|
Shared Rental (House/Apartment)
|
AUD 380 - AUD 850
|
Food & Grocery Costs in Australia for International Students
Food is another essential part of your living expenses. Cooking your meals at home can be a cost-effective way to save money compared to dining out. Supermarkets across Australia provide a wide range of ingredients for home cooking.
Here’s a table showing the average prices for common grocery items:
Grocery Product
|
Average Cost (AUD)
|
White Rice (1 kg)
|
AUD 3.60
|
White Fat Milk (1 Litre)
|
AUD 2.02
|
Apples (1 kg)
|
AUD 5.20
|
Oranges (1 kg)
|
AUD 2.60
|
Tomatoes (1 kg)
|
AUD 6.00
|
Water (1.5 Litres)
|
AUD 2.40
|
Bread (loaf)
|
AUD 3.41
|
Potatoes (1 kg)
|
AUD 3.81
|
Lettuce (1 piece)
|
AUD 5.50
|
Cheese (500 gm)
|
AUD 7.70
|
Bananas (1 kg)
|
AUD 4.50
|
Fast Food Combo Meal
|
AUD 15.00
|
Eggs (12)
|
AUD 8.00
|
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Average Cost of Living in Australia for Bachelors, Couples & Families
Understanding the cost of living is essential for budgeting, whether you're a student, a couple, or a family. The following table provides an overview of typical expenses for different living arrangements in Australia:
Area of Expense
|
Bachelors
|
Couples
|
Families
|
Accommodation
|
City Centre: AUD 1,500 - AUD 2,000/month
Suburban Areas: AUD 1,200 - AUD 1,800/month
|
City Centre: AUD 2,000 - AUD 3,200/month
Suburban Areas: AUD 1,500 - AUD 2,200/month
|
City Centre: AUD 3,000 - AUD 5,000/month
Suburban Areas: AUD 2,000 - AUD 3,500/month
|
Food & Groceries
|
AUD 80 - AUD 150/week
|
AUD 150 - AUD 250/week
|
AUD 200 - AUD 350/week
|
Transportation
|
AUD 30 - AUD 60/week
|
AUD 50 - AUD 100/week
|
AUD 150 - AUD 250/week
|
Utilities
|
AUD 150 - AUD 200/month
|
AUD 180 - AUD 250/month
|
AUD 250 - AUD 400/month
|
Entertainment
|
AUD 50 - AUD 150/week
|
AUD 100 - AUD 200/week
|
AUD 150 - AUD 300/week
|
Personal Expenses
|
AUD 50 - AUD 150/week
|
AUD 100 - AUD 200/week
|
AUD 150 - AUD 300/week
|
Cost of Living in Australia for Indian Students
As an Indian student, let us discuss in detail each element of the living expenses in Australia. These elements together make up the cost of living in Australia and each of them have a different significance altogether.
1. Cost of Studying in Australia
Australia is an attractive destination for international students, with some of the world’s top universities and institutions. The cost of studying varies based on the university, course level, and program. Here is the estimated tuition fee for Indian students after 12th:
Institution
|
Cost of Studying (INR)
|
Australian Universities
|
UG: ₹4 L to ₹2 Cr
PG: ₹3 L to ₹2 Cr
Doctorate: ₹83 L
|
TAFE Institutions
|
₹2.21 Lakhs - ₹12.18 Lakhs
|
ELICOS Offering Institutions
|
₹16,650 (per week)
|
Tuition fees vary depending on the program and university.
Indicative Annual Fees:
Degree
|
Annual Fees (AUD)
|
School
|
$7,800 to $30,000
|
Vocational Education & Training
|
$4,000 to $22,000
|
Undergraduate Degree
|
$15,000 to $33,000
|
Postgraduate Master’s Degree
|
$20,000 to $37,000
|
Doctoral Degree
|
$14,000 to $37,000
|
2. Accommodation Costs in Australia
Accommodation costs vary depending on the type of accommodation and its location:
Type of Accommodation
|
Monthly Cost (AUD)
|
On-campus dormitory
|
AUD 800 - AUD 1,400
|
Shared apartment
|
AUD 600 - AUD 1,200
|
Homestay
|
AUD 1,000 - AUD 1,400
|
Studio apartment
|
AUD 1,200 - AUD 2,000
|
3. Cost of Travelling in Australia
Transportation costs are an essential part of living expenses:
Transportation
|
Cost (AUD)
|
Single bus/train ticket
|
AUD 10
|
Monthly transport pass
|
AUD 100 - AUD 200
|
Domestic flight (one-way)
|
AUD 200 - AUD 300
|
Car rental (per day)
|
AUD 50 - AUD 100
|
On average, students may spend around AUD 300 - AUD 400 per month on transportation.
4. Health Insurance and Medical Expenses
International students or Indian students need Overseas Student Health Cover (OSHC) in Australia. Here's a look at the costs for health insurance:
OHSC Providers
|
Annual Cost (AUD)
|
CBHS
|
AUD 1,160.70
|
AHM OHSC
|
AUD 1,214
|
NIB
|
AUD 1,305.16
|
Medi Bank
|
AUD 1,319
|
Allianz Care
|
AUD 1,324
|
Bupa
|
AUD 1,405
|
Cost of Healthcare Services in Australia:
Healthcare Service
|
Cost (AUD)
|
General Practitioner Visit
|
AUD 90 - AUD 100
|
Specialist Consultation
|
AUD 130 - AUD 230
|
Prescription Medication
|
AUD 25 - AUD 35
|
Dental Treatment
|
AUD 300 - AUD 500
|
Physiotherapy Session
|
AUD 50 - AUD 200
|
Eye Test
|
AUD 60 - AUD 80
|
Hospital Admission
|
AUD 500 - AUD 1,000
|
Emergency Room Visit
|
AUD 500 - AUD 1,000
|
X-ray
|
AUD 200 - AUD 400
|
Mental Health Consultation
|
AUD 100 - AUD 200
|
5. Utility Costs in Australia
Utility costs (electricity, gas, water, and internet) are essential for students living off-campus:
Utility
|
Monthly Cost (AUD)
|
Electricity
|
AUD 80 - AUD 150
|
Gas
|
AUD 50 - AUD 100
|
Water
|
AUD 50 - AUD 80
|
Internet
|
AUD 60 - AUD 100
|
Mobile Phone
|
AUD 30 - AUD 60
|
Students living on campus may not need to worry about these utilities except for mobile and internet bills.
6. Entertainment Expenses in Australia
Australia offers a wide range of entertainment options. Students can expect to spend:
Activity
|
Cost (AUD)
|
Entertainment (monthly)
|
AUD 100 - AUD 120
|
Australia's beaches, clubs, and nature reserves offer numerous options for outdoor and urban entertainment.
7. Personal Expenses in Australia
Personal expenses are subjective but can typically range from:
Expense Type
|
Cost (AUD)
|
Weekly Personal Expenses
|
AUD 70 - AUD 80
|
8. Food and Groceries Cost in Australia
The cost of food and groceries can vary, but here are some general costs:
Food/Grocery Item
|
Cost (AUD)
|
Milk (1 litre)
|
AUD 1.5 - AUD 2.5
|
Bread (loaf)
|
AUD 2.5 - AUD 4
|
Rice (1 kg)
|
AUD 2 - AUD 4
|
Eggs (dozen)
|
AUD 4 - AUD 6
|
Chicken (1 kg)
|
AUD 9 - AUD 12
|
Apples (1 kg)
|
AUD 4 - AUD 6
|
Bananas (1 kg)
|
AUD 3 - AUD 5
|
Tomatoes (1 kg)
|
AUD 4 - AUD 7
|
Cheese (500g)
|
AUD 5 - AUD 8
|
Coffee (200g)
|
AUD 5 - AUD 8
|
Restaurant Meal (inexpensive)
|
AUD 15 - AUD 25
|
Fast Food Combo Meal
|
AUD 10 - AUD 15
|
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Average Rent in Australia
Rent prices in Australia can vary significantly depending on the city, neighborhood, and type of accommodation.
Here is the rental prices across major and regional areas:
City/Area
|
Average Monthly Rent (AUD)
|
Accommodation Type
|
Sydney (Central Location)
|
AUD 1,800 - AUD 2,500
|
One-bedroom apartment with ensuite bathroom
|
Melbourne (Central Location)
|
AUD 1,800 - AUD 2,500
|
One-bedroom apartment with ensuite bathroom
|
Adelaide, Perth, Brisbane
|
AUD 1,400 - AUD 2,000
|
One-bedroom apartment (suburban areas)
|
Regional Areas & Small Towns
|
AUD 1,000 - AUD 1,500
|
One-bedroom apartment or shared accommodation
|
The rental market is competitive, and prices are influenced by factors such as the property type, proximity to public transport, and demand in the area. For those looking to save on rent, regional areas and smaller towns offer more affordable options.
Cost of Living in Australia for Students: Public vs Private University Tuition Fees
The cost of living for students in Australia can vary depending on whether they attend a public or private university. Public universities are funded by the state government or subsidies, while private universities are funded by investors and have higher tuition fees.
Here is a comparison of average annual tuition fees for both types of universities:
University Name
|
Type of University
|
Average Annual Fees
|
University of Melbourne
|
Public
|
31,870 AUD (INR 17,57,000)
|
University of New South Wales
|
Public
|
23,140 AUD (INR 12,76,000)
|
University of Sydney
|
Public
|
44,500 AUD (INR 24,54,000)
|
The University of Queensland
|
Public
|
34,960 AUD (INR 19,28,000)
|
Australian National University
|
Public
|
31,628 AUD (INR 17,44,000)
|
Bond University
|
Private
|
43,200 AUD (INR 23,82,000)
|
Carnegie Mellon University
|
Private
|
58,000 AUD (INR 31,98,000)
|
Torrents University
|
Private
|
34,480 AUD (INR 19,01,000)
|
Avolande University
|
Private
|
34,736 AUD (INR 19,15,000)
|
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Cost of Living in Australia: Final Calculation
Australia is known for its high quality of life, excellent healthcare, and stable economy. However, as a student, the most important factor to consider is the cost of living.
Here’s an overall monthly expenses in Australia:
Cost of Living in Australia
|
Monthly Expenses (In AUD)
|
Accommodation
|
AUD 800 - AUD 2,500
|
Travel
|
AUD 300 - AUD 400
|
OHSC Cover
|
AUD 118
|
Utility Cost
|
AUD 270 - 490
|
Entertainment
|
AUD 100 - AUD 120
|
Personal/Miscellaneous Expenses
|
AUD 80 - AUD 90
|
Groceries & Food
|
AUD 65 - AUD 103
|
Total = AUD 1,733 - 3,202 (INR 96,576 - INR 1,78,441)
|
Cost of Living in Australia: City Ranking and Price Index
Here is a ranking of major cities in Australia based on their cost of living, with their respective price indexes:
Ranking
|
City
|
Price Index
|
1st
|
Sydney
|
181
|
2nd
|
Melbourne
|
169
|
3rd
|
Brisbane
|
158
|
4th
|
Perth
|
156
|
5th
|
Adelaide
|
143
|
6th
|
Canberra
|
138
|
7th
|
Darwin
|
129
|
8th
|
Cairns
|
125
|
9th
|
Newcastle, Australia
|
124
|
10th
|
Wollongong
|
114
|
11th
|
Townsville
|
102
|
Cost of Living in Australia: Cheapest Student Cities
The cost of living for students in Australia can vary depending on the city. Here are the top six most affordable cities for students:
Name of the city
|
Average cost of living per week
|
City of Adelaide, South Australia
|
AUD$ 377
|
Darwin, Australia Northern Territory
|
AUD$ 443
|
Perth, Western Australia
|
AUD$ 449
|
Hobart, Tasmania
|
AUD$ 475
|
Gold Coast, Queensland
|
AUD$ 482
|
Brisbane, Queensland
|
AUD$ 485
|
Canberra, The Australian Capital Territory
|
AUD$ 509
|
Factors Impacting the Cost of Living in Australia
Several factors contribute to the overall cost of living in Australia, and understanding these can help you plan better. Here are the key factors:
1. Location
The cost of living in Australia can vary significantly based on your location. Urban areas, such as Sydney and Melbourne, are known for their higher cost of living due to high demand and limited space. In contrast, regional areas tend to be more affordable but may offer fewer amenities and services.
2. Lifestyle
Your personal lifestyle choices have a direct impact on your living expenses. For example, dining out regularly, spending on leisure activities, and entertainment can all add to your overall cost of living.
3. Housing
Housing costs, whether renting or buying, are one of the most significant expenses in Australia. Rental prices vary by city, with larger cities like Sydney and Melbourne having higher rental costs compared to smaller towns or regional areas.
4. Transportation
Transportation costs can also vary. Public transportation is generally affordable in major cities, making commuting easier for city dwellers. However, owning a car can significantly increase your expenses, especially considering fuel, insurance, and maintenance.
5. Utilities and Groceries
Utility costs, including electricity, water, and internet, can fluctuate based on the region and your consumption. Groceries can be more expensive in remote areas due to transportation costs for goods, while urban areas may offer more variety and competitive pricing.
How Much Do People Earn in Australia? Average Salaries by Profession
As of 2024, the average income in Australia is approximately AUD 92,000 per year. The income needed to live comfortably varies based on your circumstances such as lifestyle, city, and household composition. Below is the income required for different living situations:
Living Situation
|
Annual Income Required (in AUD)
|
Student
|
AUD 25,000 - AUD 35,000 (Sufficient for students to manage living expenses)
|
Single (Bachelor)
|
AUD 50,000 - AUD 70,000 ( To live comfortably in major cities like Sydney and Melbourne)
|
Couple (Combined)
|
AUD 80,000 - AUD 120,000 (To cover essential expenses such as housing, food, transportation, and entertainment)
|
Family (4 members)
|
AUD 120,000 - AUD 180,000 (To manage all living costs effectively)
|
Income by Job Profiles
The following table outlines the average salary for various job profiles in Australia:
Job Profile
|
Average Salary (in AUD)
|
Neurosurgeon
|
AUD 389,942 - AUD 1,023,102
|
Chief Executive Officer (CEO)
|
AUD 400,000 - AUD 204,000
|
Anaesthetist
|
AUD 380,000
|
Financial Analyst
|
AUD 300,000
|
Head of HR/HR Director
|
AUD 300,000
|
Legal Professionals
|
AUD 200,000
|
Construction Manager
|
AUD 175,000
|
Mining Engineer
|
AUD 180,000
|
Financial Investment Advisor
|
AUD 160,000
|
Pilot
|
AUD 160,000
|
Software Architect
|
AUD 150,000
|
Project Manager
|
AUD 116,000
|
Architect
|
AUD 109,000
|
Civil Engineer
|
AUD 88,800
|
Teacher
|
AUD 74,800
|
Registered Nurse
|
AUD 72,600
|
Accountant
|
AUD 66,100
|
Secretary
|
AUD 43,800
|
How Expensive is Australia Compared to Other Countries?
Australia is known for its higher cost of living, ranking above 87% of countries worldwide. However, this is balanced by excellent healthcare, high wages, and social services.
Here's a quick comparison of the cost of living in Australia compared to other major cities:
City
|
Accommodation (1BHK)
|
Transportation (Monthly)
|
Meal for 2 People
|
Miscellaneous Expenses
|
Sydney
|
AUD 2,255.23
|
AUD 160
|
AUD 120
|
AUD 50 - 100
|
New York
|
$2,960
|
$132
|
$130
|
$200+
|
London
|
£1,100
|
£177
|
£80
|
£200 - £300
|
Singapore
|
S$2,000 - 4,000
|
S$1,000 - 1,500
|
S$92.50
|
S$200 - 400
|
Dubai
|
AED 4,904
|
AED 300
|
AED 300
|
AED 600
|
Tokyo
|
¥150,000 - 200,000
|
¥10,000 - 15,000
|
¥7,125
|
¥10,000 - 15,000
|
Berlin
|
€800 - 1,200
|
€80 - €90
|
€70
|
€100 - 200
|
Shanghai
|
CNY 3,785
|
CNY 250
|
CNY 200
|
CNY 440
|
Average Cost of Living in Australia vs US
When planning to study abroad, students typically have two accommodation options: on-campus or off-campus. On-campus accommodation can help reduce overall living costs.
Here’s a comparison of the average monthly living expenses in Australia and the US, based on both off-campus and on-campus accommodation options.
Items
|
Monthly Cost in Australia
|
Monthly Cost in the US
|
Off-Campus Accommodation
|
AUD 800 (USD 512)
|
USD 525
|
On-Campus Accommodation
|
AUD 1,754 (USD 1,122.56)
|
USD 871
|
Transportation
|
AUD 150 (USD 96)
|
USD 70
|
Food Cost
|
AUD 780 (USD 499.2)
|
USD 527
|
Utility Cost
|
AUD 205 (USD 131.2)
|
USD 180
|
Entertainment
|
AUD 80 (USD 51.2)
|
USD 48
|
Groceries
|
AUD 68 (USD 43.52)
|
USD 52
|
Clothes
|
AUD 153 (USD 97.92)
|
USD 102
|
Total Cost with Off-Campus Accommodation
|
AUD 2,236 (USD 1,431.04)
|
USD 1,504
|
Total Cost with On-Campus Accommodation
|
AUD 3,190 (USD 2,041.6)
|
USD 1,850
|
Annual Cost of Living
|
AUD 26,832 (USD 17,172.48)
|
USD 18,048
|
Tips to Save Money in Australia
Living in Australia can be costly, but there are several strategies to help reduce expenses:
1. Choose Your Location Wisely:
The cost of living can vary significantly based on the state and university you choose. Research locations that offer lower living costs.
2. Avoid Bank Exchange Fees:
Converting money into Australian dollars may incur additional fees from banks. Consider using trustworthy money exchange services within the country to avoid extra charges.
3. Cut Down on Everyday Expenses:
Reduce costs by adopting simple habits like turning off electrical appliances when not in use, cooking meals at home, and using public transportation or cycling instead of owning a car.
4. Part-Time Jobs:
Taking on part-time work can provide extra income to cover living expenses.
5. Apply for Scholarships:
Many universities offer scholarships to help offset the high costs of living and tuition. Check with your institution for available options.
The cost of living in Australia varies based on location, lifestyle, and personal choices. Major cities like Sydney and Melbourne tend to be more expensive, while regional areas offer more affordable options. By considering factors such as accommodation, food, utilities, and entertainment, students can effectively manage their expenses and make the most of their time in Australia.
Why Propelld?
Propelld is a simple and reliable way to secure an education loan for studying abroad. With easy application processes, fast approvals, and flexible repayment options, Propelld helps make your dreams of studying overseas possible. The following are the primary benefits of Propelld.
Particulars
|
Details
|
Max Loan Amount
|
50 Lakhs
|
Collateral
|
Not Required
|
Moratorium
|
Available
|
Processing Time
|
10 Times Faster than Banks
|
Disbursal Time
|
7 Days
|
Approval Rate
|
Higher than Other Banks
|
Special USP
|
Marks Based Approval
|
% Financed
|
100% of Fees
|
Take the next step in your academic journey - Apply for an education loan today!