
Cost of Living in Melbourne, Australia
Australia
Quick City Vital Stats
Rent (1 Bed Center)
A$2,450 (approx. $1,595 USD)
Avg Net Income
A$5,850 ($3,800 USD) per month
Local Cappuccino
A$5.50 ($3.58 USD)
Flight Options
1 Routes
Melbourne is consistently ranked as one of the world's most liveable cities, known for its vibrant arts scene, world-class coffee culture, and diverse culinary landscape. However, this high quality of life comes with a significant price tag. As Australia's cultural capital, Melbourne offers a sophisticated urban lifestyle that is generally more affordable than Sydney but more expensive than most other Oceania hubs. Residents benefit from excellent public infrastructure, though housing remains the primary expense for both locals and expatriates.
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Rent & Housing Prices in Melbourne
3bed centerA$4,600 (approx. $2,990 USD)
1bed centerA$2,450 (approx. $1,595 USD)
price per sqm centerA$11,500 (approx. $7,475 USD)
1bed outsideA$1,900 (approx. $1,235 USD)
3bed outsideA$3,100 (approx. $2,015 USD)
Food & Dining Costs
Meal, Inexpensive RestaurantA$25.00 ($16.25 USD)
Three-course Meal, Mid-range RestaurantA$120.00 ($78.00 USD)
McMeal at McDonaldsA$15.00 ($9.75 USD)
Cappuccino (Regular)A$5.50 ($3.58 USD)
Milk (1 liter)A$2.30 ($1.50 USD)
Transportation & Commuting
one way ticketA$5.30 ($3.45 USD)
monthly passA$185.00 ($120.25 USD)
taxi startA$5.50 ($3.58 USD)
gasoline 1LA$1.95 ($1.27 USD)
Salary & Financing
mortgage rate6.35% (20-Year Fixed)
Verified crowdsourced average
avg salaryA$5,850 ($3,800 USD) per month
Verified crowdsourced average
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Quality of Life
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Melbourne offers an exceptional quality of life characterized by high safety standards, a robust healthcare system (both public and private), and low pollution levels. The city is famous for its 'four seasons in one day' weather and its extensive parks and gardens. While the cost of living is high, the high average wages and cultural amenities offer a balanced lifestyle for professionals and families alike.
3 Days in Melbourne: A Budget Itinerary
Day 1 Itinerary
Explore the CBD laneways (Hosier Lane, Degraves St), visit the National Gallery of Victoria (Free entry), and walk through the Royal Botanic Gardens.
Day 2 Itinerary
Take the tram to St Kilda, walk the pier to see penguins at sunset, and enjoy the bohemian atmosphere of Fitzroy’s Gertrude Street.
Day 3 Itinerary
Browse the Queen Victoria Market for local produce and souvenirs, then take a free tram ride around the City Circle to see historic architecture.
Popular Flights to Melbourne
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