Close to the Australia average
Ranked #58 of 546 cities · More expensive than 89.4% of cities worldwide
Compared to Australia average
Rent Prices
| Apartment | City Centre | Outside Centre | You Save |
|---|---|---|---|
| 1-Bedroom | AUD 2,490/mo ≈ $1,728 | AUD 1,848/mo ≈ $1,283 | 26% |
| 3-Bedroom | AUD 4,779/mo ≈ $3,316 | AUD 3,451/mo ≈ $2,395 | 26% |
Melbourne has a composite cost index of 63.5 from 4 independent data sources.
Based on 110 country PLI x 1.08 city factor
Melbourne is average by global standards (ranked #58 of 546 cities). It is 0.7% more expensive than the Australia average, based on 8 cities.
Groceries are average, while dining out is average. Restaurants offers the best value, while Groceries is the priciest.
Local purchasing power is strong — residents can afford more goods and services than in most cities.
Workers in Australia earning AUD 82,488 gross take home AUD 5,464/month after tax (20.5% effective rate). See full Australia tax calculator →
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