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What is the Cost of Living in Perth?

18 May 2022 Contributed by: admin

 

Perth is Australia's most popular city and the capital of Western Australia. It is also known as the "City of Lights" due to its vibrant nightlife, which has attracted many tourists from all over the world.

With a population of 2 million people, Perth is one of the fastest-growing cities in Australia and has earned itself an international reputation for being one of the most livable cities in the world.

Perth's economy is strong and diverse, with major industries including mining, tourism, manufacturing, and financial services. The city also boasts several universities that attract students from all over the world to study at one of its many colleges or universities.

The cost of living in Perth depends on your lifestyle choices, but overall it is considered affordable compared to other big cities around the world. So if you’re planning to move to Perth and wondering about its cost of living, then this blog is for you.

 

A Breakdown of the Cost of Living in Perth in 2022

 

1. Housing

 

Housing is one of the biggest expenses you will have to bear if you want to live in Perth. The average monthly rent for a 1 bedroom apartment in the City Centre is around $1700, while a 1 bedroom apartment outside the City Centre has an average monthly rent of about $1300. On the other hand, the rent for a 3-bedroom apartment inside the City Centre costs around $2,700 on an average for a month.

If you are willing to buy your own place, it will cost around $6,000 for a square meter unit inside the City Centre and about $4,200 outside the City Centre.

2. Transportation

 

Transportation is another crucial factor affecting your overall living cost in any city. If you are commuting within the city limits, you will need to buy an Opal card that can be used for train or bus rides and special offers at different retailers across Perth.

The fare for trains and buses depends on the number of zones crossed during your travel. Public transport fees range from A$2.50 to A$4 for adults and children aged 15 years old or older; however, this amount can increase depending on where you live and how many people are using the same vehicle at any given time. Also, if your commute extends beyond the city limits, you should consider the fuel costs incurred on driving to work or school every day.

If you’re planning to take a taxi, the costs start around $4 and can go up to $65 based on the distance.

3. Utilities

 

The cost of utilities (electricity, heating and cooling and water) in Perth is among the highest in Australia. This can be attributed to the mild climate and high level of rainfall experienced in Perth. The average electricity bill for a family living in an apartment is around A$188 per month.

If you live in a house, it will be slightly lower at A$153 per month. The average heating and cooling costs are also high, with most apartments having air-conditioning installed.

In addition to that, there are other costs like internet fees, phone charges etc which add up to more than 10% of your monthly expenditure.

4. Food

 

Food is also fairly expensive in Perth compared with other major cities in Australia, but it's not as expensive as you might expect given that Western Australia has some of the best agricultural lands on earth. Fresh produce is often flown in from interstate or overseas, which adds to its price tag. However, the cost of making food at home is quite cheaper than eating out at restaurants with milk starting at $1.20 and eggs of 12 starting at $3.50.

When it comes to eating out in restaurants, Perth has one of the best food cultures in Australia with a wide variety of cuisines available at affordable prices. The price of one meal per person in Perth can start as low as $15 and can go up to $40. If you’re planning to eat a three-course meal for two people, then the cost can vary anywhere between $60 to $130 based on the restaurant you choose.

It's not difficult to find great restaurants for any budget. If you're looking for specialties like Indian food or Chinese food, you won't be disappointed either as there are plenty of options available at every corner.

5. Entertainment

 

Perth has a vibrant cultural scene with many festivals taking place throughout the year including Fringe World Festival, Perth International Film Festival, and Perth Writers Festival.

Perth has a wide range of attractions including Fremantle Markets and Rottnest Island. Its main attraction includes Kings Park & Botanic Garden, which is home to a number of interesting plants and animals such as kangaroos and emus. There are also many museums such as Fremantle Prison Museum, Western Australian Maritime Museum and Perth Mint Museum that offer visitors an insight into life in Perth during different periods of time.

Many clubs in Perth charge a nominal rate of $10 per person and movie tickets are around $20 per person.

6. Education

 

The cost of education in Perth is very reasonable compared to other states in Australia. In fact, this is one area where you can save money when compared to other states. You will also find that many different public schools have been set up all over the city, making it easier for both parents and children to get quality education at no cost.

 

Conclusion

The cost of living in Perth can be easily managed by those working here or planning to stay here for a longer period. Once you get the hang of the affordable ways to manage around this city, you can live comfortably with a decent income in Perth. Make sure to keep the above estimates of the cost of living in Perth before you plan to move into the city.

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