Blogs on ‘Study Abroad’

The Cost Of Living In Australia: How To Make It Work For You?

5 min read
Blog Summary This blog offers a detailed look at the cost of living in Australia, covering essential expenses like accommodation, food, and transport. It provides valuable insights into budgeting and saving strategies, making it an indispensable guide for students and expats planning their financial journey in Australia.
the cost of living in australia

Have you ever pondered the financial aspects of living in Australia, particularly as an international student or expatriate? Known for its vibrant culture and diverse landscapes, Australia also presents a unique financial landscape for those planning to relocate. From the bustling streets of Sydney to the serene beaches of Perth, the cost of living in Australia varies significantly. 

This comprehensive guide aims to clarify these expenses, focusing on key areas such as student accommodation costs, living expenses in Australia, affordable eating options, public transportation costs, and essential budgeting strategies. Whether you're an overseas student planning your educational journey or an expat seeking a new life adventure, grasping the nuances of Australia's living expenses is crucial for a comfortable and fulfilling experience in this dynamic country.

Understanding the Cost of Living in Australia:

Here's a general overview of the basic expenses you can expect:

Accommodation: The cost varies significantly between cities and types of housing. Students can choose from on-campus dormitories, shared apartments, or private rentals.

Food and Groceries: Daily essentials and eating out can be moderately expensive, with prices varying across different cities.

Transportation: Public transport is widely available in urban areas, with options like buses, trains, and trams. Costs depend on the city and the type of transport pass you choose.

Utilities: Monthly expenses for utilities such as electricity, water, and internet are an important consideration, especially in private rentals.

Healthcare: While Australia has a robust healthcare system, international students and expats should consider health insurance to cover any medical expenses.

Leisure and Entertainment: Australia offers a plethora of leisure activities, but costs can add up for dining out, entertainment, and travel.

Monthly Accommodation Expense In Australia:

Accommodation Costs:

Accommodation is one of the most significant expenses you'll encounter in Australia. Whether you prefer the convenience of on-campus dormitories, the independence of off-campus apartments, or the cultural immersion of homestays, each option comes with its own price tag. Let's explore these options:

Accommodation Type

Cost (in A$)

Apartment (1 bedroom) in City Centre

2,347.13/month

Apartment (1 bedroom) Outside of Centre

1,886.95/month

Apartment (3 bedrooms) in City Centre

3,899.70/month

Apartment (3 bedrooms) Outside of Centre

2,801.53/month

Homestays

450 AUD - 1,200 AUD

Halls of residence

440 AUD - 1,100 AUD

Living in Australia can be an expensive affair. One particularly important factor affecting living expenses is where you choose to study. With all kinds of universities, colleges and institutes located across major cities in Australia, you are probably wondering how much money you'll need to survive there. Keep reading for a breakdown of the cost of living in some of Australia's most popular cities and towns! 

Melbourne:

Shared apartment rent AUD 970
Transportation AUD 160
Food AUD 340
Services (gym, parlors, etc.) AUD 110
Clothing AUD 30-100
Entertainment AUD 300

Sydney:

Shared apartment rent AUD 1130
Transportation AUD 55
Food AUD 320
Services AUD 100
Clothing AUD 30-100
Entertainment AUD 320

Depending on this calculation, here is the weekly spend of your money across various other Australian cities: 

City Cost
Adelaide 440
Melbourne 490
Sydney 560
Perth 450
Brisbane 490
Canberra 510
Hobart 430
Darwin 675

These costs have been calculated considering the bare minimum expenses an average student would indulge in, when studying in Australia.

Other living expenses:

Daily essentials and eating out can be moderately expensive, with prices varying across different cities.

Item

Cost (in A$)

Meal, Inexpensive Restaurant

25.00

Milk (1 gallon)

8.64

Fresh White Bread (1 lb)

3.29

Chicken Fillets (1 lb)

5.82

Transportation:

Public transport is widely available in urban areas, with options like buses, trains, and trams. Costs depend on the city and the type of transport pass you choose.

Type

Cost (in A$)

One-way Ticket (Local Transport)

4.90

Monthly Pass (Regular Price)

168.45

Taxi Start (Normal Tariff)

6.00

Gasoline (1 gallon)

7.22

Utilities:

Monthly expenses for utilities such as electricity, water, and internet are an important consideration, especially in private rentals.

Utility

Cost (in A$)

Basic Utilities for a 915 sq ft Apartment

340.88/month

Internet (60 Mbps, Unlimited Data)

86.60/month

Leisure and Entertainment:

Australia offers a plethora of leisure activities, but costs can add up for dining out, entertainment, and travel.

Activity

Cost (in A$)

Fitness Club, Monthly Fee for 1 Adult

82.89

Cinema, International Release, 1 Seat

22.00

Cost Of Living In Australia vs. Other Countries:

When deciding to move abroad, it's important to research the expenses of living in different countries. To make your decision easier, here's a comparison of some of the top international study destinations with Australia on the cost of living. 

Country

Cost of Living Alone (USD)

Monthly Rent for 1BHK (USD)

Average Monthly Salary after Tax (USD)

Australia

$950

$1190

$4080

United States

$950

$1380

$3610

United Kingdom

$840

$1010

$2940

Canada

$920

$1100

$3680

Tips for Saving Money in Australia:

Living in Australia can be financially manageable with a few smart saving strategies. Here are some practical tips to keep your expenses in check:

Shared Living: Consider cohabitating with family or friends. This not only splits the cost of rent, groceries, and utilities but also adds a warm, communal feel to your home.

Regular Expense Tracking: Keep an eye on your expenditures to spot areas where you can cut back.

Smart Shopping: Always shop with a list to avoid impulsive purchases. Look for sales, discounts, and compare prices for essentials.

Seasonal Clothing Shopping: Buy clothes during off-season sales to save money. Combining affordable designer pieces from thrift stores can also be a stylish yet economical choice.

Thrift Store Finds: Thrift shops are treasure troves for affordable household items, from kitchenware to furniture.

Utility Comparison: Regularly compare gas and electricity prices to ensure you're getting the best deal.

Fuel Costs: Keep track of fuel prices and fill up your tank when prices are lower in the cycle.

Optimal Mobile Plans: Choose a mobile plan that fits your budget and usage requirements.

Homemade Meals: Preparing meals at home and bringing your own coffee, breakfast, and lunch can significantly reduce daily expenses.

Navigating the cost of living in Australia can be a challenge, especially for Nepalese students aspiring to study abroad. This is where AECC, a leading study abroad consultancy, steps in. AECC specializes in guiding Nepalese students through the complexities of budgeting and financial planning for their educational journey in Australia. 

From understanding accommodation costs to managing daily expenses, AECC's expert advisors provide personalized support, ensuring students are well-prepared to manage their finances effectively in Australia. For comprehensive assistance and advice on making your Australian study dream a reality, reach out to AECC today.

 

Frequently Asked Questions

What is the average cost of living for a student in Australia?
The average cost varies depending on the city and lifestyle, but students should budget for approximately $1,500 to $2,500 AUD per month.
Are living expenses in Australia higher compared to other countries?
Australia is considered to have a higher cost of living compared to many countries, but it varies greatly by location and lifestyle choices.
What are the most significant expenses for students in Australia?
Accommodation, food, and transportation are the major expenses, with accommodation often being the largest.
Can international students work in Australia to support their living costs?
Yes, international students can work up to 40 hours per fortnight during the semester and full-time during vacations, helping to offset living costs.
How can students save money while living in Australia?
Students can save money by sharing accommodation, using public transportation, cooking at home, and taking advantage of student discounts.
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