For a single person living in Sydney, the monthly cost is AUD 2,000 to 2,500 (USD 1,450 to 1,800) (minus accommodation); for a family of four, it is $5,836.50.
Are you planning to move to Syndey? Are you considering the opportunities you may get in one of the most populated cities in Australia? If yes, you must explore the cost of living in Sydney.
There is no doubt that this is a beautiful place with beautiful views and sights to delight in, but it also occupies the top spot among the most expensive metropolises in the world. Even if you are a single person or a student, the experience is bound to instil lifelong memories in you. Sydney is a lifestyle that many have longed for, and you won’t be alone.
For a seamless and stress-free move to Sydney, enlist the assistance of experienced Sydney removalists. Whether it’s your first time relocating to the city or not, their professional services will ensure a smooth transition, allowing you to focus on settling into your new home with peace of mind. Whether you are moving to Sydney for family, work, or study, here are some budget basics so you can plan.
This blog will help budget the overall cost of living in Sydney.
Overview of the living expenses in Sydney
Living expenses in Sydney can be expensive compared to other cities in Australia and worldwide. The cost of housing, food, transportation, and entertainment can add up quickly. The average monthly cost of living for a single person in Sydney is estimated to be around AUD 2,000 to 2,500 (USD 1,450 to 1,800). This can vary depending on an individual’s lifestyle and spending habits. Some of the most expensive items in Sydney include housing, utilities, and transportation. However, there are many ways to save money and reduce expenses, such as shopping for groceries in bulk and cooking at home instead of eating out.
We all know accommodation is one of the most significant expenses involved. The cost varies depending on the location you choose.
Is living in Sydney expensive and is it affordable to live?
Living in Sydney is generally considered expensive. It is one of the most expensive cities in Australia and is ranked as one of the world’s top 10 most expensive cities. High housing costs and the high cost of goods and services drive the cost of living in Sydney.
Whether or not it is affordable to live in Sydney depends on an individual’s financial situation and personal preferences. The high cost of living is not a problem for those with a higher income. However, it can take time to make ends meet for those on a tight budget or with lower incomes. It’s essential to carefully consider your financial situation and budget before deciding if living in Sydney is affordable.
Average salary in Sydney
For a peaceful life in Sydney, one must make somewhere between AUD5000 to AUD6000 after taxes.
Due to Sydney’s high cost of living, typical net salaries (before taxes) will be a little higher than in some other cities. Your monthly income may be close to the average net salary of AUD6,443.38 if you relocate to Sydney for a full-time job.
Housing And Rent
Because Sydney is such a big metropolis, your home expenses will vary greatly depending on the neighborhood you choose, whether you decide to buy or rent.
Excluding the eastern suburbs, inner-city rentals are significantly higher than those in the outlying suburbs. The further south and west you travel from Sydney city, the less expensive the outer suburbs become.
If you are planning to move permanently with your family, purchasing a house can be your best option.
You can buy an apartment in the city center for around AUD20,903.16 (per square meter) or outside the city Centre for AUD12,473.64 (per square metre).
Utilities
To make your daily life more pleasant, save a separate fund for utilities, excluding your rent or mortgage.
Mobile phones and the internet are now seen as essential tools for communication. In Sydney, the average cost of internet service (60Mbps or more, unlimited data, Cable/ADSL) is AUD78.52 per month.
Transportation
In Australia, travelling by automobile or public transportation is relatively easy. It would be best to decide which option to utilise depending on where you reside and how much money you want to spend each month.
On local transportation, one-way tickets typically cost $4.88, while monthly passes typically cost $79.52.
Groceries
Grocery cost in Sydney is a little more expensive. It costs about $373.04 per month for a single person.
Entertainment Cost
Since now we are sorted with necessities, let’s move to the fun part.
We’ll talk about restaurants, nightlife, movies and everything else related to entertainment in this section of the article.
Restaurants
The factors like where you plan to go or what you like to eat, play a vital role.
- If you go to a cheap restaurant, a meal will run you about $20.
- You should budget $25 to $35 for a mid-range restaurant. You can assume a 3-course meal for 2 people to cost you about $130 in such restaurants.
- On average, you may spend between $35 to $45 for a high-end restaurant.
Club
This is something which only takes place occasionally. Since you are researching the average cost of living in Sydney, clubbing can cost about $55.
Movie Ticket
Movie ticket is about $22 each.
Education
Child-care, primary, and secondary school
Child care can cost anywhere from AUD 80 to 160 (USD 58 to 115) per day, depending on the type of care and location.
Primary and secondary schools in Sydney can range from government-run schools that are free to attend to private schools that can cost several thousand dollars per year. The average cost of tuition at a private school in Sydney is around AUD 15,000 to 25,000 (USD 10,800 to 18,000) per year.
In addition to tuition, other costs such as uniforms, school supplies, and extracurricular activities are associated with attending school. These costs can add up, so it’s important to factor them into your overall budget when considering the cost of living in Sydney.
University
All universities are not located in the inner suburbs. Instead, they are spread out around the city. UNSW Art & Design, the University of Sydney, and the University of Technology Sydney (UTS) are some universities in the inner suburb.
Student Accommodation
The cost of student accommodation in Sydney can vary depending on the type of accommodation and location. On average, the monthly cost of student accommodation in Sydney can range from AUD 250 to 550 (USD 180 to 400) for a shared room in a student housing complex to AUD 500 to 1,500 (USD 360 to 1,100) or more for a private room or apartment.
Some factors that can impact the cost of student accommodation in Sydney include the location, the type of accommodation (e.g., shared room, private room, apartment), the amenities offered (e.g., meals, internet, laundry), and the length of the lease.
Sydney (unlike other cities) does not offer discounted public transportation expenses to international students. Still, it would be best if you always enquired about student discounts for goods and services because many companies strive to accommodate the student’s budget.
Some students live off-campus in shared rental accommodations or with a homestay family to save money. In contrast, others opt for on-campus housing for convenience and social benefits.
