Close to the Australia average
Ranked #67 of 538 cities · More expensive than 87.5% of cities worldwide
Compared to Australia average
Rent Prices
| Apartment | City Centre | Outside Centre | You Save |
|---|---|---|---|
| 1-Bedroom | AUD 2,490/mo ≈ $1,756 | AUD 1,848/mo ≈ $1,304 | 26% |
| 3-Bedroom | AUD 4,779/mo ≈ $3,370 | AUD 3,451/mo ≈ $2,434 | 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 #67 of 538 cities). It is 1.8% more expensive than the Australia average, based on 7 cities.
Groceries are average, while dining out is average. Restaurants offers the best value, while Groceries is the priciest.
Local purchasing power is limited — residents can afford fewer goods and services than in most cities.
Workers in Australia earning AUD 81,938 gross take home AUD 5,344/month after tax (21.7% effective rate). See full Australia tax calculator →
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