Geelong, a port city in Victoria, Australia, is a popular tourist and expat destination. It offers some of the country’s most magnificent beaches, panoramic vistas, and a vibrant cultural environment. With all of its attractiveness and attractions, one would ask how much it costs to live in Geelong. In this blog article, we will look at the many elements that influence the cost of living in Geelong and give an in-depth study of how much it costs to live in this dynamic city.
If you talk about a family of four, the estimated monthly costs without rent is about $4,344.4. The estimated monthly cost for a single person without rent is about $1,226.7.
Average Salary in Geelong
The average wage in Geelong, Australia in 2021 was $75,000 to $80,000 AUD per year. Not to mention that this is extremely dependent on your work kind, experience, and sector.
Geelong is well-known for its thriving manufacturing industry, particularly in automotive and aerospace engineering. These industries may pay high salaries for highly skilled workers, with some positions paying more than $100,000 AUD per year.
Cost Of Living in Geelong
Housing
Housing plays a very critical role in determining the cost of living in Geelong. The cost varies depending on the location and size of the house you choose.
Shared house/units come with a lot of bills, including electricity, gas, water, and sometimes internet, so, apart from the room price, you will be sharing the expenses of the bills.
Compared to other cities like Melbourne and Sydney, Geelong tends to have lower rental costs. The rent for a single room in a shared house ranges from AUD$120 to $150 per week. Renting an apartment, unit, or house alone usually costs AUD$250 a week or more.
As mentioned earlier, location plays an essential role. If you rent a one-bedroom apartment in the city center, it will cost approximately $1,200 per month.
If you want to invest and buy a house in Geelong, the average cost of a three-bedroom house is around $700,000.
Transportation
The cost of transport depends on your location and the type of transportation you use. By buying a monthly pass, you can save money if you travel frequently by public transport.
A central location makes it easy to walk or bike around the city. The cost of one-way public transportation tickets is about $3.50.
Food
Geelong, Australia has a similar cost of living as other major Australian cities in terms of food.
Geelong mid-range restaurants generally charge between $20 and $50 AUD per person, depending on their location and cuisine. A high-end restaurant may charge up to $100 AUD per person or more for meals.
Groceries are not that expensive in Geelong. It can cost $50 to $100 AUD for a single person in Geelong to buy a week’s worth of groceries, depending on how much food you buy and the brand you choose.
Entertainment
In terms of entertainment, the cost of living in Geelong, Australia is typically regarded reasonable when compared to other major Australian cities.
Geelong has cultural events, music and theater performances, art galleries, and outdoor activities.
Several of these activities are free or low-cost, making it simple to discover entertainment that fits your budget.
Geelong, for example, organizes various events throughout the year, such as Paco Festa, the Geelong Revival Motoring Festival, and Geelong After Dark.
These programs are often free or have modest entry prices, making them available to a diverse group of individuals. Furthermore, the city includes several free public parks, beaches, and hiking paths.
Geelong boasts a multitude of museums, art galleries, and historical sites with low admission rates for individuals interested in cultural activities.
The Geelong Gallery, for example, provides free access to its permanent collection, although the National Wool Museum charges a small admission fee.
Geelong includes bars, pubs, and nightclubs to accommodate a wide range of preferences and budgets. Drink costs vary based on location and kind of institution; however, they are relatively low in comparison to other major Australian cities.
Nevertheless, Geelong provides a variety of economical entertainment opportunities for individuals of all ages and interests. There are many moderately priced choices available for exploring the city’s cultural highlights, enjoying outdoor activities, or relaxing with friends.
Cost Of Living in Geelong For an International Student
The cost of living in Geelong, Australia for an international student might vary based on a variety of things such as housing, transportation, food, and other personal expenses. International students can save money on transportation by using public transit such as buses and trains. Cooking at home might be a cost-effective choice for international students in Geelong when it comes to food.
Textbooks, health insurance, and entertainment may be additional personal expenditures for overseas students in Geelong. These expenses should be calculated to guarantee a comfortable and pleasurable experience while studying in Geelong.
Several students are attracted to Geelong because of its low cost of living. Rent in Geelong is nearly 14% less than in Melbourne, and food, transportation, and dining out are all less expensive.
Overall, while the cost of living in Geelong might be high, foreign students can control their expenditures by making informed decisions and sticking to a strict budget. With a little forethought, you may enjoy Geelong’s many attractions while studying abroad without breaking the budget.
Conclusion:
Overall, the average cost of living in Geelong is calculated keeping in mind all the above-mentioned factors.
But, let me mention the cost of living in Geelong is relatively lower than other cities like Sydney and Melbourne. You can still find it expensive depending on your lifestyle, and choices.
Yes, you do get a great quality of life.
Before you relocate to Geelong, make sure to factor in the cost of all necessities. Contact our specialists at Move My Stuff for assistance with your relocation as we offer a wide range of moving services in Sydney, Geelong, Melbourne and many other location tailored to your needs.
