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Cost of Living in Melbourne, Australia

Are you looking to move to Melbourne yet you have no idea how much things cost. Here are our top three things that will determine your cost of living in Melbourne. Or you can watch the full video here Cost of Living in Melbourne, Melbourne Vibe. 

Accommodation

Now your rental price depends on how close you are to the city, so the closer you are the more expensive it’s going to be.

You can find a room by yourself around $400 per week or if you don’t mind sharing you can cut that down to around $200 per week. You can save even more money by moving into the outer suburbs of Melbourne where you could find your own room for $200 a week, or if you don’t mind sharing you can bring that down to $100 – $150 dollars per week.

Keep in mind the further you are away from the city the more you’re probably going to need to pay on public transport.

 Food


The cheapest option by far will be grocery stores and the best options we have in Australia are Cole’s, Woolworths and Aldi and there are a lot of Indian and Asian grocery stores all over Melbourne.  If you’re buying your groceries and cooking meals at home you’re going to be spending around $100 – $200 dollars per month.

If you want a cheaper option go to your local fresh food market on a Sunday afternoon where a lot of vendors are trying to sell their perishable items at a discounted price because it’s usually the last day of their trading week. You can pick up a box of mixed vegetables for around $30

Transport


There are two top up options for a MYKI card, one being for the not so frequent traveler (MYKI money) with a daily cap of $8.20 AUD or the other option is a MKYI pass. If you’re traveling 5-7 days per week you can pay $145.00 for 28 days of unlimited travel which averages to about $5.20 per day for two trips, so it’s going to save you some money if you travel often.

Melbourne also have a free trams zone in the CBD where you don’t have to touch on your MYKI card, you can jump on and off all day every day and not pay a cent so if you stay in the city and don’t need to leave the free zone you won’t even need a MYKI card for trams!

Melbourne also have a rural train service (V-Line) which will take you out of the city. This goes up to Traralgon, all the way to Geelong! You’ll be able to see a lot of country Victoria without a car with assistance from V-Line trains and buses.

If you are looking to buy a car in Melbourne the best websites to have a look at are carsales.com.au , Gumtree and Facebook Pages for Melbourne Buy Swap and Sell. However, just keep in mind cars can get very expensive in Australia. Your annual insurance is going to cost you around $500, registration will be around $800 per year, services are going to cost you at least $200 per service (twice a year minimum) and fuel average $1.35c per litre so you’re going to be looking at spending at least $1,600 to $2,000 per year on a standard small car.



Those are our top three things that will contribute to your cost of living in Melbourne!

Breakdown

Just to summarise you’ll be spending at least:

$600 – $800 a month on rent

$100 – $200 a month on your groceries

$100 – $200 on general expense

$40 per month on your mobile phone cost

An average of $1000 AUD per month for your cost of living in Melbourne.

If you found this help share it with friends and family.

Let us know in the comments how you’re enjoying Melbourne, or if you haven’t arrived yet what questions do you have you’d like us to answer.

Happy travels!

Team Melbourne Vibe 🙂

(Author: Jocelyn Wardle)

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