Even though Melbourne is Australia’s second most expensive city, there are plenty of ways to save on costs so that you do not feel as if you are always broke. Melbourne also offers plenty of job opportunities that will balance out the high costs of living.
Depending on your lifestyle habits, Melbourne can be an affordable city.
Here is a breakdown of the cost of living in Melbourne, so you can get a good idea of what it will cost you.
Accommodation
Accommodation is where most of your money will disappear to. Depending on your location, rental prices will be extremely high. For example, a one-bedroom apartment near the city centre will be around AUD 400. However, if you are willing to live even 15-30 minutes away from downtown, you will see prices drop around AUD 100 each week. Since public transportation is convenient, this is a good option if you are on a budget.
Utilities
Keep in mind that services are usually separate from your rent cost. This will include gas, electricity and water. Depending on your living habits and the weather, prices will vary. However, you can count on spending over AUD 2000 per year combined.
Transportation
People must avoid driving cars due to traffic jams, high fuel prices, and high parking fees. Public transportation will cost around AUD 7 per day, depending on your zone. You will need to balance this monthly cost and see if it is worth paying more for rent or transportation.
Food
Melbourne food prices will depend highly on where you decide to eat. There are plenty of well-known restaurants that are not expensive, and you will be able to find many tasty local meals. An average meal at a restaurant may cost you around AUD 15, and a tap beer at a pub is usually around AUD 5.
Cooking and eating at home can save you money. Many local markets offer the best prices and fresh foods. You should expect to spend around AUD 100 per person for groceries, including additional care and laundry.
Understanding the cost of living in Melbourne is essential for planning your move to this dynamic city. Alongside managing expenses, finding the right job can provide the financial stability you need to thrive. Discover flexible work opportunities in Western Australia if you’re considering exploring opportunities further afield, or browse job listings across Australia to find your ideal role in Melbourne and beyond.
Also read – A Guide to the Core Skills Stream of the Skills in Demand Visa (Subclass 482)
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