Complete Breakdown of the Cost of Living in Melbourne in 2024

Melbourne is Australia’s sports capital and one of the most liveable cities. In this guide, we will explore the cost of living in Melbourne for the year 2024. Whether you're a student, a professional, or someone looking to relocate to this vibrant city, understanding the expenses involved is essential for effective financial planning.

In this detailed breakdown, we'll look into various aspects of living costs in Melbourne, helping you budget and make informed decisions. From accommodation and groceries to transportation and entertainment, we've got you covered.

What is the Cost of Living in Australia, Melbourne?

The average living expenses in Melbourne is higher than 90% of the cities in the world. It is the 2nd most expensive city after Sydney in Australia. Let's explore the cost of living in Melbourne for various demographic

• The cost of living in Melbourne for a family of 4 is AU$5,883 which is INR 3,20,536
• The cost of living in Melbourne for a single person is AU$1,657 which is INR 90,281
• The cost of living in Melbourne for a couple (2 people) is AU$3200 which is INR 1,74,352
• The cost of living in Melbourne with Rent for a family of 4 could fall anywhere between the range of AU$8,996 - AU$10,585 which is INR 4,90,148 - INR 5,76,725

Average Cost of Living in Melbourne, Australia

When studying in Melbourne as an international student, budgeting for living expenses is essential. This includes accommodation, utilities, food, transportation, and personal expenses. Be sure to gather accurate information from your university regarding Melbourne's monthly expenses.

Australia, Melbourne Cost of Living: Housing Expenses

Housing dominates the budget for professionals, families, students, and international students alike. Our lifestyle is heavily influenced by our living arrangements. As in any city, proximity to the central business district correlates with higher costs.

Here is the average cost of living in Melbourne for Indian families that will give you an idea of what to expect.

Average Living Cost in Melbourne: Grocery Expenses

When considering the price of living in Melbourne, expenses in this category can fluctuate based on factors like the type, quality, and quantity of food items bought.

Below is an overview of the average grocery costs in Melbourne

Average Food Cost in Melbourne: Eating Out

Considering the price of living in Melbourne, it's essential to know that the city is a foodie paradise, boasting diverse culinary offerings catering to various tastes and budgets.

Suggested Read: Top 10 Money-Saving Tips While living Abroad

Here are some of the top and most affordable eating-out options

Average Cost of Living in Melbourne: Transportation Expenses

Navigating living expenses in Australia, Melbourne is made easier by the city's public transportation system. Boasting an extensive tram network, buses, and trains, Melbourne is renowned for its accessibility, even for those without a car.

Explore: Booming Employment Market in Australia

Average Cost to Live in Melbourne, Australia: Utility Expenses

In living expenses in Melbourne, it's vital to grasp the expenses associated with utilities and bills to ensure a comfortable lifestyle in Melbourne. From electricity and water to internet and mobile phone services, these utilities are indispensable in daily life.

Monthly Expenses in Melbourne for University Students

The average expenses for university students vary across different universities, but these are the general fees you will encounter during the admission process. The example provided is for the University of Melbourne. Therefore, when calculating the cost of living in Melbourne, it's important to consider these expenses.

Also Read: Cost of Studying In Australia For Indian Students In 2024

Navigating Melbourne's Cost of Living with GetGIS

In conclusion, understanding the cost of living in Melbourne is vital for anyone considering a move to this dynamic city. With expenses ranging from accommodation to daily essentials and entertainment, proper budgeting is key to a comfortable lifestyle.

At GetGIS, we provide end-to-end assistance for students aspiring to study abroad, individuals seeking PR visas, and professionals in search of job opportunities in Melbourne. From helping you select the right university to offer job search assistance and post-landing services, GetGIS ensures that your transition to Melbourne is seamless and stress-free. Book Your Free Consultation