Cost of Living in Australia

Living Costs in Australia for Students

Affordability can range pretty broadly depending on where you are in Australia. After all, we’re talking about a whole continent here. Living costs in Sydney, Australia, for instance, might skew much higher than living costs in Perth, Australia. To give you an idea of where the best Australian student cities fall on the range of affordability, here are QS Top Universities’ rankings for most to least affordable cities in the country:
Gold Coast
Brisbane
Adelaide
Perth
Canberra
Melbourne
Sydney
As much as Australian cities frequently tout nicknames as some of the best places in the world to live, the label often comes at a price. As huge metropolitan cities with immense industry presence, Sydney and Melbourne are unsurprisingly more expensive to live in. Nonetheless, you might find them a bit more affordable compared to other major study abroad cities around the world. According to the Mercer Cost of Living Survey 2021, Sydney places #31 and Melbourne #59, compared to London at #18, and New York at #14. And of course, there are the more affordable Australian cities to consider, like Canberra. Home to the Australian National University, Australia’s top-ranking university according to QS Top Universities, the city has a cost of living rank of #75.
There’s plenty of variability within each city too, depending on whether you:
Live in the city centre/suburbs
Live in student accommodation on campus, or are renting out a flat by yourself, sharing a unit, or opting for a homestay
Eat out often
Shop for groceries (and where you do your shopping)
Use public versus private transport
Spend often on entertainment and leisure activities
So, to begin financial planning for your average living costs in Australia, you’ll need to know exactly what you’ll be spending on.
Let’s take a closer look at the major categories of expenses you can expect.

Accommodation Options for Students in Australia

Naturally, when looking into the cost of living in Australia, rent is one of the first things to consider. Property prices and rent tend to vary quite a bit across the different student cities. How much you’ll fork up for your crib monthly also depends on what type of accommodation you choose.

On-Campus Accommodation

Many universities offer incoming students a place to stay on campus. There are lots of perks to this. For starters, as an international student, it helps you set up a home base close to classes and student support. This is a huge help when you’re new to the city and still getting a hang of where everything is and how things work. Another benefit is that often, your meals, utilities, and other services fall under a single price tag. As an international student, it can be a relief to know that you don’t have to keep track of bills and budget for monthly groceries. On-campus accommodation may be available as:
Residential colleges
Halls of residence
Student apartments
A downside that we do need to point out early on, though, is that on-campus accommodation tends to be pricier. This is why you’ll often see your seniors move out after their first year to private housing options, off-campus.

Homestays

This is a pretty unique opportunity for international students to stay with an Australian family while completing their studies. You rent out a room in their home and eat your meals with the family. If you’re looking for an opportunity to completely blend into the Aussie way of life, why not give this a shot?

Private Rentals

Renting out a place off-campus – either by yourself or with flatmates – is the most common option students lean toward. It’s the option that gives you the most flexibility when managing your costs. For instance, if your university is close to the city centre, you could opt for something closer to the suburbs at a lower price tag. Sure, you’ll be spending more time commuting to campus, but your bank account would thank you for it. And don’t forget, Australian cities are world-famous for the sights and sounds they have to offer. If living a little further away from campus lets you explore the city a bit more, that’s a good thing in our books.

You not only get to find a place within your budget, but you also adjust your lifestyle to suit your wallet. Although you’ll be in charge of your own groceries and utilities, this also means you have the control to be mindful of your expenses. And compared to homestays, international students often prefer renting out a flat since they have more privacy and freedom in how they live.

Transport

So, how about getting around in Australia? For the most part, you’ll find that once you master the public transport system, getting from Point A to Point B couldn’t be simpler. Australia has reliable, efficient, and quality public transport options in place. And a huge plus are the student concessions you can enjoy, helping manage your cost of living in Australia! Take a look at the types of transport concessions you can access with your student ID below:

 

Territory	Transport Concessions
Australian Capital Territory	MyWay Student Concession Card (discounts when using Transport Canberra bus and light-rail services)
Northern Territory	Tap and Ride Card (discounts on bus fares) 50% concession fares
Queensland	TransLink public transport services Regional qconnect bus services Approved regional ferry services
South Australia	Adelaide Metro concession passes (e.g. 14- and 28-day passes for metroCARDs for unlimited bus, tram, and train travel at reduced rates)
Western Australia	Tertiary SmartRider (student concession fares)

 

Breaking Down Cost of Living in Australia By City

On top of accommodation and transport costs, there are also expenses like meals, groceries, utilities, internet bills, and so on. To a considerable extent, these depend on where you live. As you read earlier, student accommodation on campus might cover your utility bills and meal plans. It might also be pricier than other options out there. Then there’s the question of how living costs vary across cities. How, for example, do living costs in NSW, Australia, stack up against living costs in Melbourne? While the monthly budget will look different from person to person, we’ve collated some data to give you an idea of how much you can expect to spend a month if you attend universities in the following cities:

Costs	Melbourne – University of Melbourne	Sydney – University of New South Wales	Adelaide – University of Adelaide	Perth – TAFE International Western Australia	Canberra – Australian National University	Brisbane – University of Queensland	Gold Coast – Bond University
Rent	AUD 1,360-1,980	AUD 800-2,200	AUD 540-1,540	AUD 280-1,000	AUD 740-1,200	AUD 480-2800	AUD 680-1,420
Meals & groceries	AUD 560-1,120	AUD 320-800	AUD 360-540	AUD 80-1,120	AUD 420-676	AUD 320-600	AUD 460-540
Utilities	AUD 40-80	AUD 140-560	AUD 160-220	AUD 140-560	AUD 168	AUD 150-175	AUD 80
Phone & Internet	AUD 60-120	AUD 80-220	AUD 80-160	AUD 80-220	AUD 104-200	AUD 80-120	AUD 40-80
Transport	AUD 120-240	AUD 160	AUD 80-140	AUD 60-220	AUD 140	AUD 40-100	AUD 40-80
Social/Leisure Activities	AUD 320-600	AUD 320-600	AUD 200+	AUD 320-600

On top of the variation across cities, you can see that the ranges within which your expenses can fall for each category are also pretty wide. To get a more specific estimate of your cost of living in Australia based on your preferences and lifestyle, check out this living cost calculator. Through its nine-step process, you can check off items such as:
Where you’re going to be living
Which part of the city you’ll be staying in
Your chosen type of accommodation
How often you’ll be eating out
Which type of transport you use often
The price range for services and facilities you use, such as gym memberships, haircuts, cosmetics, and mobile plans
The price range for clothing and how often you purchase clothing
How often you go for leisure activities like concerts, movies, and sports events
By specifying these items down to your individual preferences and lifestyle, you get a more personalised idea of your average living costs in Australia! Knowing how much you expect to spend also gives you an idea of how to manage your finances.

Living Cost in Australia for International Students

If you’ve been looking into getting a student visa for Australia, you’re likely already aware of the financial aspects of the process. Aside from the actual application fee – starting at AUD 630 – you also need to provide proof that you can cover your education and living costs in Australia for 12 months. If your spouse or parents are sponsoring your studies, you’ll need to provide bank statements or other proof that their annual income is at or above AUD 62,222. If you’re travelling with family, this amount needs to be at least AUD 72,592.

Immigration agents use this information to figure out from the get-go whether the applicant can afford to study and live in Australia. Fulfilling this requirement affirms to them that the candidate is a genuine applicant who intends to complete the course they got acceptance for. In fact, failing to satisfy this requirement is one of the major reasons for visa rejection. So, even before you step into the country, your finances are a major consideration to keep at the forefront of your decision-making.

As an international student, there are some other costs you’re going to have to factor in too. These may include:
Overseas Student Health Cover (OSHC) – health insurance coverage
English language proficiency test fees
Biometrics fees
Australian Federal Police check (National Police Certificate) or overseas police clearance

How Expensive is Australia Compared to Other Countries?

If Australia is one of the options on the table for your study abroad destination, living costs might be the factor that cinches the deal. Take a look at the estimated expenses of living in Australia versus other major study abroad destinations according to the cost of living calculator, Numbeo:
Cost of Living in Australia Compared to the USA Consumer Prices 11.45% lower in the USA compared to Australia
Rent Prices 12.63% higher in the USA compared to Australia
Groceries Prices 11.07% lower in the USA compared to Australia
Restaurant Prices 4.81% lower in the USA compared to Australia
Cost of Living in the UK Compared to Australia
Consumer Prices 13.67% lower in the UK compared to Australia
Rent Prices 15.74% lower in the UK compared to Australia
Groceries Prices 29.22% lower in the UK compared to Australia
Restaurant Prices 1.16% higher in the UK compared to Australia
Cost of Living in Canada Compared to Canada
Consumer Prices 11.46% lower in Canada compared to Australia
Rent Prices 8.46% lower in Canada compared to Australia
Groceries Prices 11.89% lower in Canada compared to Australia
Restaurant Prices 7.89% lower in Canada compared to Australia
Looking at this data, Australia does rank as a bit pricier compared to other study abroad destinations. It’s important to remember, though, that these statistics are all estimates and living costs can vary greatly depending on the location within each of these countries. Plus, your lifestyle and preferences can also denote how much you actually end up spending monthly. With some careful research and financial planning, your dream Australian university may be well within your budget!

Concluding Thoughts on Cost of Living in Australia

Figuring out your monthly or yearly costs down to the last digit is an almost impossible task when studying abroad. Hopefully, our Cost of Living in Australia 2022 Guide has given you a better idea of how to plan your finances nonetheless! On top of the higher tuition fees international students inevitably end up paying, cost of living is an important factor when planning for the big endeavour of studying abroad. Now that you have a more thorough idea of what to look out for, we hope this takes you a step closer to your dream university in Australia!