Living Expenses Calculator
How to use this calculator
This calculator uses your family size, location and lifestyle to estimate your living expenses based on the Household Expenditure Measure (HEM). This is the same method used by the Australian Bureau of Statistics and by most Australian banks when assessing your borrowing power for a mortgage application.
The result should be used as a general guide only, as your living expenses can vary significantly depending on how you choose to spend your money.
If you are new to Australia then you can learn more about how to buy a home in our non-residents section.
What items are expensive in Australia?
The cost of living in Australia is significantly higher than most countries, including other developed countries. In particular, you will find that the following items are much more expensive:
- Housing (rent and house prices)
However Australians also tend to have a much higher income, so the effect is that you may still be able to enjoy a good lifestyle.
Which expenses are included?
The calculator takes all basic living expenses into account such as groceries, utilities, phone, public transport / car and entertainment.
The rental or mortgage expense is calculated separately so that you can replace the figure with your own estimate after you have decided where you would like to live.
The most expensive cities in Australia
The most expensive cities in Australia are Sydney and Melbourne. Perth and Canberra are also relatively expensive whereas people living in the other capital cities such as Brisbane and Adelaide have lower living expenses.
That being said, if you live in a very remote area such as a mining town, then you may find that your average cost of living is high due to the cost of bringing goods and services to your community.