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The Cost of Living in Sydney

Will you be able to afford living in Sydney? We took a look at expenses such as rent, transport and groceries to find the true cost of living in Sydney.

The Cost of Living in Sydney

If you are thinking of moving to Australia’s most populous city you might be growing curious about the cost of living in Sydney.

It may be a beautiful city with spectacular views and sights to indulge in, but it’s not only known as the most expensive metropolis to live in Australia, but also one of the most expensive in the world. This thought might not stop you however, a Sydney lifestyle is one many have sought after, and even if you try it out while you are a single person or a student, the experience is bound to instill lifelong memories.

While Sydney’s persona is not everyone, you may need to relocate there for family, work, or study – we have broken down the budget basics, so you know what to expect cost wise so you can plan in advance!

Overview of living expenses in Sydney

We've popped a quick price guide below of the basics, based on a budget for one person living in an inner-city Sydney apartment. 

If you want to reduce costs, moving further out from the CBD things become less expensive, there are vast differences in accommodation costs spanning east to west and north to south of the CBD. It’s worthwhile understanding that accommodation will be your biggest expense and where you need to spend most of your time in proximity to where you live will impact how much time you spend traveling.

02 Monthly rent for a 1 bedroom inner city Sydney apartment could cost an average of 2558.71

Monthly rent for a 1-bedroom inner-city Sydney apartment could cost an average of $2558.71

Rent for 1-bedroom inner-city Sydney apartment $2558.71
per month

Electricity/Gas

$182.48
per month

Internet
(60Mbps or more, unlimited data, Cable/ADSL)

$71.49
per month

Mobile phone data
(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
(equivalent of a Volkswagen Golf 1.4 90KW Trendline)

$28,990.00

Dining out for dinner

Mid-range restaurant
$25.00
High-end restaurant
$50.00

Average salary in Sydney

You can expect due to the expense of living in Sydney that average net salaries (before tax) are a bit higher than in some of the other cities. If you are moving to Sydney for a full-time job your salary may fall somewhere around the average mark of per month.

Housing & Rent

Roughly, if you are single, you should budget around $1,000.00 per month for rent, or if you are a couple your monthly costs for rent could be around $2,600.00.

Inner city rents are much higher than the outer suburbs, with the exception of the eastern suburbs. If you are looking to rent in the inner city you can expect to pay around:

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

Outer suburbs become considerably cheaper, particularly the more south and west of Sydney city you go. However, you may need to consider transport and accessibility if you need to work or study in the CBD. Depending on your personal circumstances and the area you move, you can expect to pay:

Living arrangement

Average weekly rent

Share-house (depending on how many bedrooms and which area)

$317.00

1 bedroom unit

$540.00

Rent for a family of two adults and at least one child can be up to $600.00 - $700.00 per week for a relatively new basic 2-bedroom apartment in a middle-class suburb (older apartments can range from $30.00 - $100.00 per week cheaper).

Examples include:

Rhodes and Meadowbank (approx. $600.00 per week)

Burwood (approx. $650.00 per week)

St Leonards (approx. $700.00 per week)

If you are more ambitious and wish to put some permanency to your move, you can buy an apartment in the city centre for around $13689.96 (per square metre) or outside the city centre for $8748.00 (per square metre).

Utilities

The core element of comfortable living is the necessity for heating and power and in Sydney the average cost of electricity is around $182.48 per month.

In this day and age, mobile phones and the internet is also considered a necessity of communication. In Sydney an internet plan (for 60Mbps or more, unlimited data, Cable/ADSL) can cost on average $71.49/month and mobile phone data on a local prepaid call with no plan or discount will cost about $0.78 for less than a minute.

Transport

Public Transport relies on the Opal Card which is used to travel on trains, light rail, buses, and ferries. On Sunday public transport is charged at a flat rate of $2.70 no matter how far you travel.

The average cost of a one-way ticket on local transport is $4.00 and the regular price of a monthly pass is $217.39. If you drive a lot the average cost of fuel is $1.32 per litre, if you want to buy a new car when you get to Sydney you are looking at around $28990.00 (based on a Volkswagen Golf 1.4 90KW Trendline (or equivalent).

03 Catching and iconic Sydey ferry can cut down your distance travelled compared to other transporation

Catching and iconic Sydney ferry can cut down the distance travelled compared to other transportation

Groceries

Expect the estimated monthly costs of groceries to be around $560.00 - $600.00 per month for a single person, $676.00 - $1000.00 for a couple and up to a family of three.

When eating in, you can expect to spend on average per meal (depending on your tastes of course):

  • Breakfast $2.00
  • Lunch $5.00
  • Dinner $11.00

04 Groceries are a bit more expensive on average in Sydney

Groceries are a bit more expensive on average in Sydney

Average cost of basic grocery items in Sydney:

Item

Price

Milk 1L

$1.70

White bread 500g

$2.72

Eggs x 12

$4.75

Rice 1kg

$2.45

Chicken breast 1kg

$11.09

Beef 1kg

$18.47

Local cheese 1kg

$11.05

Potatoes 1kg

$3.27

Lettuce x 1

$2.58

Tomatoes 1kg

$5.46

Apples 1kg

$4.82

Oranges 1kg

$3.50

Bananas 1kg

$3.32

05 Sydneys fresh food markets is value for money

Sydney's fresh food markets are value for money

Restaurants

When eating out, you can expect to spend on average per meal (depending on your tastes and the venue):

  • Breakfast - $15.00 (cafe)
  • Lunch - $16.00
  • Dinner - $25.00

06 The costs of dining out in Sydney vary depending on what you like and where you go

The costs of dining out in Sydney vary depending on what you like and where you go

The average cost of dining out in Sydney is:

  • Inexpensive restaurant meal for 2 $33.50
  • Mid-range restaurant three-course meal for 2 $100.00
  • McDonalds Meal Average Combo Meal $12.00
  • If you are out for a drink, average beverage costs are:
  • Coke/Pepsi 0.33L bottle $3.10
  • Water 0.33L bottle $2.63
  • Cappuccino regular $4.14
  • Domestic beer
  • Restaurant 0.5L draught $8.00
  • Market 0.5L bottle $4.93
  • Imported beer
  • Restaurant 0.33L bottle $16.75
  • Market 0.33L bottle $5.93
  • Bottle of Wine (Mid-range from market) $15.00

Clothes

This is the average cost of a couple of fashion staples in Sydney:

  • Pair of jeans (Levis 501 or similar) $104.43
  • Summer dress from chain store $65.92
  • Shoes | Nike x 1 pair $145.38
  • Shoes | Men's leather x 1 pair $156.17

Entertainment

Movie ticket

Bar or club

  • $20.00 average cover charge
  • $10.00 - $15.00 beer, wine or cider
  • $12.00 - $25.00 spirits and cocktails

Live shows or sport

  • Local gig $50.00
  • Sporting match $50.00
  • Dance/Theatre $50.00
  • Large arenas $100.00 - $200.00 per ticket

07 The Sydney Cricket Ground will guarantee you an iconic Australia experience

The Sydney Cricket Ground will guarantee you an iconic Australia experience

Health and fitness

Average health insurance for your personal care in Sydney is around $2,000.00 per year, approximately $160.00 per month, for an individual (from $350.00 per month for couples and young families).

Average gym membership is around $81.75/month or you maybe able to find some for around the $18 per week mark.

Child-care, primary, and secondary school

Day-care and kindergarten ranges from $90.00 - $170 per day and can add up to over $20,000 per year depending on the facility and where it is located.

Public school is fee free however there are levies and additions (such as camp etc.) that you are expected to pay, and these charges can add up to around $4000.00 per year depending on the age and participation level of your child/children.

Some private and independent school fees can add up to $30,000.00 per year, Catholic schools are generally less expensive but are still around the $10,000 per year range.

University students

Universities in Sydney are not all in the inner suburbs and are spread-out around the city. Macquarie University is north of Sydney Harbour, therefore can add extra travel time. Inner city universities are UNSW Art & Design, the University of Sydney, and the University of Technology Sydney (UTS).

If you are relocating to Sydney for study or an international student, here are the facts about solo living and how you can find specific options for students.

08 Many international students have chosen The University of Sydney to study

Many international students have chosen The University of Sydney to study

Inner city living for students

  • $352 per week for a share-house
  • $815 per week for a 1-bedroom apartment.
  • $320 per week for student homestay (with a host family including meals)

Outer suburban living for students

  • $317 per week for a share-house (depending on how many bedrooms and which area)
  • $540 per week for a 1-bedroom unit

International students are not eligible for reduced public transport fees in Sydney (unlike in other cities), but you should always ask if there are student discounts available for goods and services, many businesses try to cater for the student budget.

The cost of living in Sydney may not be on the lower end of affordability, but there are lots of benefits to life in the capital of New South Wales despite it being an expensive area. There is a lot of diversity to choose from and even if you can’t afford the beach suburbs to live in, they are always just a public transport trip away. There is big city vibe to soak up with iconic sights, ferry rides and the some of the best dining and cultural experiences Australia has to offer. It’s an experience that could be worth it!

Get advice on how Muval can help you move your roots to Sydney and talk to our customer service team now for more information or check out our list of Sydney removalists here!

Disclaimer: The prices listed in this article are intended as a guide and are indicative only. We highly recommend you investigate costs specific to your own personal circumstances.

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