The thought of leaving their home country and making a new home somewhere else is a dream for many. Sydney, the largest city in Australia and among the most expensive locations to live on Earth, is certain to draw a lot of attention. How does it stack up against other major metropolitan areas throughout the world? What is the going rate for a one bedroom apartment in Sydney, Australia? If you aren't sure if you're prepared for this shift, how can you manage it? Let's check the figures and see what they say!
To what extent has Sydney, Australia, enticed you to contemplate a life abroad? Are you curious about the typical monthly expenses? How will it affect your finances and way of life? Do you want to know more?
Costs associated with keeping one's prefered level of life in Sydney can differ enormously over a spectrum of variables. The most costly neighbourhoods, where properties can cost over $1 million, are located within a ten-kilometer radius of the city centre. You can locate more affordable housing in the suburbs if you are willing to live further from the downtown area and are patient with a longer commute.
Sydney Lifestyle Expenses
Can you possibly move to Sydney? We analysed a wide range of costs, from housing and food to transportation and clothing, to get a feel for what it really costs to live in Sydney.
If Sydney, Australia's most populous city, is on your relocation radar, you may be wondering what a typical resident's monthly expenses might be.
As the capital of Australia one of the world's most expensive cities, Sydney is a major tourist destination but comes at a high price. Students and those who want to be alone have been known to successfully establish themselves in Sydney.
The city of Sydney may not be for everyone, yet relocating there may be required due to academics, employment, or family ties. Fortunately, we have split down the fundamental prices for you to use in your budgeting.
How Much Does It Cost To Live In Sydney?
In this document, you'll find a concise pricing list of essentials for a solitary individual in a Sydney CBD flat.
In order to save money, it's preferable to move away from the city's central business district (CBD), which varies greatly from east to west and north to south. Remember that your hotel seems likely to be your highest expenditure, as well as the duration of your vacation will be determined by the location of a sights you plan to see most often.
Central Sydney one-bedroom rentals can cost an additional $2558.71 monthly.
| Rent for 1-bedroom inner-city Sydney apartment | $2558.71
per month |
| Electricity/Gas | $182.48
per month |
| Cable/ADSL Internet (60 Mbps+, unlimited usage) | $71.49
per month |
| Information Transfer via Mobile Device (one-minute local prepaid mobile tariff call with no plan or discount) | $0.78
per month |
| Groceries/Food and drink | $560.00 - $600.00
per month |
| Transport
Public transport (trains, light rail, buses and ferries) |
$217.36
for a monthly ticket |
| Fuel | $1.32 per litre av. |
| Buying a new car
(similar to a Volkswagen Golf 1.4 with 90 hp in the Trendline trim) |
$28,990.00 |
| Dining out for dinner | Mid-range restaurant
$25.00 High-end restaurant $50.00 |
Sydney's Average Earnings
Average nett salaries (before taxes) for Sydney are greater than in a few of the other places we looked at, which indicates that the city's fairly expensive cost of living is well covered. If you take a permanent contract in Sydney, you may receive a salary of.
Renting And Staying
Two-bedroom apartments can cost quite so much as $2,600 per monthly to rent, while one-bedroom apartments rent for around $1,000 per month on average.
Rents only get close to what they are in the city proper in the eastern suburbs. The average monthly cost of a downtown apartment ranges.
| Living arrangement | Average weekly rent |
| Share-house | $352.00 |
| Serviced apartment | $370.00 |
| 1 bedroom apartment | $815.00 |
| Student home-stay (with a host family including most meals) | $320.00 |
Suburbs towards the south and west of Sydney city tend to be more affordable than the city itself. However, if you need to work and live in the Central Business District, you need think about transportation and accessibility options. The cost of moving might differ substantially from one customer to the next, and from one place to another.
| Living arrangement | Average weekly rent |
| Share-house (depending on how many bedrooms and which area) | $317.00 |
| 1 bedroom unit | $540.00 |
Typical two-bedroom flats in middle-class suburbs can cost $600 to $700 per week to rent for just a family of three (but old apartments can be found for $30.00 - $100.00 less).
Here are a few examples:
- Meadowbank (around $600/week) has passed away.
- Roughly $650 a week in Burwood.
- St. Leonard's (about $700 weekly)
Long-term apartment buyers may expect to pay roughly $13689.96 (per square metre) in the city centre or about $8748.00 (per square foot) in the suburbs (per square metre).
Utilities
Despite the fact that power and heat are essential to 21st century existence, the average monthly price of power in Sydney is $182.48.
It's difficult to imagine modern life without access to a cell phone or the internet. A local prepaid call on a cellular telephone without the need for a plan or discount can cost roughly $0.78 for less than a minute, whereas an internet package (for quickly up or more, limitless broadband, Cable/ADSL) can cost on average $71.49 per month in Sydney.
Transport
The Opal Card can be used on trains, public transit, buses, and ferries around Australia. On Sundays, the cost of a ride is always $2.70.
Fares on the local public transportation system are $4.00 for a single ride and $217.39 for a monthly pass. The average price of a gallon of gas in Sydney is roughly $1.32, while a label car (such a Vw Golf 1.4 90KW Linear trends) can be bought for almost $28990. (or equivalent).
Monthly Expenditures On Average
In Sydney, the cost of living is sky high. Living expenses in Sydney are predicted to average $2352 per month. This covers expenses like food, transportation, and lodging. Usually, they are left with around $4300 per month after paying all their taxes.
Due to the prohibitive cost of housing in Sydney, many young professionals opt to live with roommates. In a moment, we'll provide further detail.
Many individuals are ready to pay Sydney's high housing costs because it is one of the most desirable cities in the world to visit or reside in. Sydney is a must-see because of its world-famous opera, parks, wildlife, breathtaking beaches, mild winters, and friendly locals.
Sydney Rental Prices
Sydney's exorbitant cost of living is enough to dissuade most people. Getting nearer the water will undoubtedly increase the price. Relocating to the suburbs from the city could help you save money on housing.
One-bedroom apartments typically cost around $1800 USD per month (not including utilities), whereas two-bedroom apartments cost around $2500 USD per month on average (not including utilities). The monthly expense of providing energy might run as high as $150 USD. In most cases, the monthly rent already includes the cost of water.
In expensive cities, many young people share a room in as little at $850 USD a month to cut costs.
Food Prices In Sydney
Those in Sydney looking to cut costs without sacrificing quality of life when it comes to food can find a lot of helpful bargains at the supermarket. When you can, it's wise to stock up on necessities at Woolworth's and Coles the two largest Australian grocery store chains, because there frequently have deals of up to 50% off.
For instance, the cost of avocados inside the United States can range from one to 2 dollars in the course of a year. All perishable foods have been affected, which explains the drastic price swings.
We have compiled a list of products whose prices remain relatively stable throughout the year.
Popular Attractions In Sydney
The Sydney Harbour Bridge
One of the world's most recognisable structures, the Sydney Opera House is also lauded for its innovative architecture. The Danish architect Jrn Utzon was responsible for its design, and it first welcomed visitors in 1973. On campus, you can choose between the Joan Sutherland Theater, the Concert Hall, or the Drama Theatre, all of which are excellent venues for live performances. Various musical and dramatic performances are often staged at the opera theatre. Tickets to the opera cost around $100, while a theatre tour costs around $45.
Crossing the both Sydney Harbour Bridge as well as the Harbor Bridge
This Sydney Harbor Bridge is undoubtedly Australia's most well-known bridge. It was built in 1932 by John Bradfield and opened to the public. Its tower spacing is 503 metres (1,650 ft). Over 80,000,000 pounds of weight will not cause the bridge to collapse (176 million pounds). Crossing the bridges on foot is free of charge, however guided tours of the lookout deck begin at $80 USD.
Hop-On/Off Buses
A moment alternative to taxis and other forms of public transportation are tour buses who allow passengers to board and exit at their convenience. Tickets cost between $40 (USD) again for ordinary tour and $72 (USD) again for deluxe tour.
Sydney, New South Wales, is home to World's biggest aquarium and wildlife park.
On the waterfront of Darling Harbour is the Sydney Aquarium & Wildlife Park. About 30,000 marine animals representing over 7,500 species call the aquarium home. There are exhibits about the Great Barrier Reef and a shark tunnel. There are many different kinds of kangaroos as well as other native Australian animals that call this place home. Adult tickets start at $27 USD, which is the lowest price level.
Circular Walk Around The Sydney Tower
You can find the Sydney Tower, a telecommunications tower, right in the middle of London's financial sector. Its 322 metres make it the tallest building in Australia and one of the tallest in the entire Southern Hemisphere (1,057 ft). It was here that the first public "Skywalk" viewing platform opened in May 2007. A yearly pass costs $25 USD, while VIP seating costs $110 USD.
Taronga Zoo's animals
Mosman, New South Wales is home to Taronga Zoo. In 1916, the store opened to the public for the first time. There are over 1,400 different kinds of animals living in the zoo. We recommend paying the $32 for adult and $19 for children to attend this event.
Expenses Associated With Travel
Despite its high cost, Sydney's public transportation system will get you where your need to go. Trains, buses, subways, and ferries can take you nearly everywhere.
Depending upon how long you must be gone and the distance you have to travel, a bus or train ticket inside the city can cost you anywhere from $2.50 to $3.00 USD. A train ride from or to the airport costs roughly $12.50 USD. Tap on and tap off with a credit card, or invest in an OPAL voucher, which is valid on all of Sydney's public transit systems. Even if you can obtain one for free, you still have to pay for it.
The OPAL card offers weekly and daily spending restrictions of $36 and $12, respectively, which is great news for frequent riders of public transportation.
Installing an app from the a service such Über, Didi, or Blue and reserving a journey in advance can drastically cut the price of a cab ride.
What Does It Cost To Live In Sydney As A Student?
When it comes to studying in Australia, overseas students prefer Sydney more than any other city. Sydney may be more expensive than that of other major Australian towns, it is nevertheless possible for a student to make a living there.
Understand what it takes to survive as a college in Sydney in order to budget accordingly.
The Billings Summing Up
Listed below are some of Sydney's more significant expenses. These estimates could shift slightly depending on where in the city you are.
| Weekly rent for an apartment | $520 |
| Monthly public transport ticket | $175 |
| Overseas Student Health Cover | $400 |
| Groceries/Food | $257 |
| Meal in a mid-range restaurant | $20 |
| Meal in a high-end restaurant | $50 |
Accommodation
For international students studying in Sydney, housing costs are among the highest ongoing expenditures. It has been estimated that the average weekly cost of a city apartment is $520 thanks to research conducted by rental website rent.com.au. Don't let the expense of a hotel stop you from travelling because there are numerous affordable options. Looking for a roommate or a studio flat where the rent includes utilities such water and electricity will save you money every month.
Expenses Associated With The Study
The costs of attending school in Sydney, such as tuition and textbooks, can add up quickly. It's important to remember that the cost of your education in Australia will likely be your largest out-of-pocket expense, and that this cost might vary widely between different programmes. International students should expect to pay around $30,000 per year in tuition at an Australian university.
Daily Times Higher Education estimates that yearly costs for an Australian student to study at an Australian university range from AU$500 to AU$1,000.
Transport
Sydney's massive bus, train, and transportation system makes it simple to get around the city. According to Expatistan, a monthly public transit pass in Sydney costs roughly $175, revenues increased to the city's high cost of living.
Cooking And Grocery Stores
Sydney's restaurant scene is a breeze because to the abundance of options. Lunch and dinner at a budget restaurant can set you back around $20 per person (quick food franchises are substantially cheaper, but we still wouldn't recommend only eating fast food). Most meals at upscale places start at $50.
According to research by Budget Direct, the typical weekly food bill for a family of four is New South Wales is $257. By cutting costs where you can and preparing meals at home, you may be able to keep your food bills below the US average. Many Australians buy at big-box stores like Aldi, Woolworth, and Coles, yet some residents only shop at farmers ’ market and unique boutiques.
Insurance
International students in Australia are required by the terms of their student visa to maintain adequate medical coverage that satisfies Australian regulations. Any student planning on studying abroad must have some form of international health insurance (OSHC). Basic OSHC coverage might cost between $300 and $600 per year, depending on individual circumstances and the chosen plan.
Lifestyle
Sydney is home to some of Australia's wealthiest and most envious residents due to the city's proximity to some of the state's greatest weather and most stunning beaches. In Sydney, you can do here a lot if you just spend $80 - $150 per week. In addition to Circular Quay & Bondi Beach, a visit to Sydney should also include the nearby Blue Mountains.
Conclusion
How much money do you need to survive in Sydney, Australia's largest metropolis and one of the world's priciest locales? Everything from the cost of a roof over your head to the cost of gas for your car to the cost of a new wardrobe is included so you can plan your budget with confidence. Within a ten-kilometer radius of the city centre are the most costly neighbourhoods, where homes can cost over $1 million. Living expenses can be reduced in Sydney, one of the world's most costly cities, by relocating outside of the CBD (CBD). Downtown apartments have a monthly cost of $2558.71 to $28,990.00 on average.
The average nett earnings in Sydney are higher than the rest of the cities we considered. The Opal Card is accepted all around Australia on trains, buses, and ferries. In Sydney, a gallon of gas costs about $1.32 on average, while a new label car can be purchased for over $28990. (or equivalent). The average cost of living in Sydney is estimated as $2352 per month.
Content Summary
- There will be a great deal of interest in Sydney because it is Australia's largest city and one of the most expensive places to live in the world.
- The price tag attached to maintaining one's ideal standard of living in Sydney can fluctuate widely depending on a number of factors.
- To get a feel for what it's like to live in Sydney, we analysed a variety of prices, from housing and food to transportation and apparel.
- If moving to Australia's most populated city, Sydney, is in your future, you may be curious about the costs of living there on a monthly basis.
- Sydney, Australia, is a popular but pricey tourist destination because of its status as the nation's capital and one of the world's most costly cities.
- To help you better plan your finances, we have broken down the basic costs for you to review.
- This document contains a brief cost breakdown of basic needs for a solitary person residing in a flat in Sydney's Central Business District.
- The cost of living in the city's central business area (CBD) is highest in the south and lowest in the north, thus it's best to move as far away from the CBD as possible to save money.
- Keep in mind that your accommodation is probably going to be your biggest vacation expense, and that the location of the attractions you want to see the most will affect how long your trip will last.
- Renting a one bedroom in the central business district of Sydney can add an extra $2558.71 monthly.
- You may be offered a salary of if you agree to a long-term position in Sydney.
- Only in the far eastern suburbs may rents be expected to approach those in the city centre.
- Downtown apartment rents might vary widely from month to month.
- Utilities The average monthly cost of electricity in Sydney is $182.48, despite the fact that it is a need for modern life (together with heat).
- The idea of contemporary existence without a mobile phone or internet connection is almost inconceivable.
- Average Costs Per Month Cost of living is extremely expensive in Sydney.
- The average cost of living in Sydney is estimated as $2352 per month.
- The high expense of living in Sydney means that many young professionals must share a home.
- Because Sydney is one of the world's most popular tourist destinations and places to call home, its high housing expenses are often accepted with little complaint.
- Visit Sydney for its world-famous opera, parks, wildlife, stunning beaches, warm winters, and friendly residents.
Frequently Asked Questions About Sydney
Sydney is a vibrant city known for its yacht-studded harbour, superb beaches and the iconic Opera House with its towering sail structure.
Sydney is most famous for: Sydney Harbour Bridge. Sydney Opera House. Amazing zoos (Taronga & Sydney Zoo) -Iconic Beaches (Bondi, Coogee, Manly to name a few)
There are more than 100 picturesque beaches in Sydney – from calm, sheltered bays and secret coves to busy surf beaches and world-famous tourist destinations.
It sits on the south-east coast of Australia along the Tasman Sea like a precious jewel in the wild, and it has everything it takes to be the greatest city in the world: amazing natural beauty, the planet's most beautiful harbor, dynamic arts and culture landscape, innovative fashion scene, exceptional gastronomic.