Table of Contents
What is the average monthly expenses for a single person in Australia?
Living cost in Australia for one person: $2,835 per month. Average living expenses for a couple: $4,118 per month. Average monthly living expenses for a family of 4: $5,378.
How much do you need per month to live?
But budgeting an average of $50 to $60 per month to power a one- or two-bedroom apartment should suffice. And many apartments come with garbage and water service included, so you may not have to worry about that….
| Monthly gross pay | $2,917 ($35,000 divided by 12 months) |
|---|---|
| NET INCOME | $2,113 per month ($25,356 per year) |
Is 78k a good salary?
Depending on the size of your family, $80,000 can comfortably cover living expenses and beyond. According to the U.S census as of 2020, the median salary for a four-person household is $68,400 per year, making 80K a substantially higher income than that of the average American.
Is $1000 a week enough to live comfortably in Sydney?
But you have to be realistic; this is not a salary that could easily support a family of four in Sydney or Melbourne. I remember when I was researching moving to Sydney that it appeared the best way to budget for Sydney is to think ‘$1000 a week per person’ is enough to live comfortably, safely, and happily.’
How much does it cost to live in Sydney as a student?
Sydney is fairly affordable for students, provided they set a budget early on and stick to it. Living costs include accommodation, food and bills, and other essentials like clothing, but will naturally vary according to your lifestyle. The average cost for a student in Sydney ranges from A$300-A$600 per week, over and above the weekly rent.
How much money do you need to retire comfortably in Australia?
It’s fair to assume that the average Australian might hope to live comfortably, if not lavishly, in retirement. The widely-reported ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on around $62,000 a year. It stands to reason then that a single person should be able to live more than comfortably on $60,000.
How much would it cost to live on $6000 a month?
That will cost you and your family close to couple thousand a year. To be honest, a family of two people with a child can survive on $6000 a month after tax but it depends on the life style you want and if this amount is enough for you/your family. If you would like to have all the things above, it may be very tight…or impossible.