Cost of living in Sydney Australia

Sydney cost of living is one of the highest in the world. The high Cost of living in Sydney
could be justified by the fact that Sydney Australia is one of the best cities in the world.

Sydney Universities offer complete range of programs and degrees that yields
internationally recognized degrees.

Considering the quality and reasonable living expenses in Sydney, specially when
compared to the U.S., Sydney Australian is considered one of the most popular
destination  for a world class living.

Australian Government survey showed that in terms of total costs of living
expenses, living in Australia was less expensive than  the USA and UK. Living costs
too will vary by location, and of course by your lifestyle.

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Costs are higher in urban centers and lower in regional areas.

Initial establishment costs for a shared apartment, such as rental bonds for
accommodation, electricity, gas and telephone, could add up to at least A$1,500-$2,500.

Here is a quick guide of the cost of living in Sydney as in April 2014:

Rent:                                    A$300-2000 Weekly rate (share accommodation is cheaper)
Haircut: female                    A$20.00-100.00 (Women in Australia pays more for haircut!)
Movie ticket                         A$13.00-30.00 (student discount might apply)                   
Restaurant/café meal          A$8.00-100.00
Medical:                               A$30 per consultation, unless covered by Medicare for
permanent residents
Bus                                      A$15 (special discount for students)
Books:                                 A$50-200 depending on the book
Gas and Electricity:              A$100-250 per month, if you are moderate user
Taxi:                                    5 Minutes ride could cost A$10
Buy car:                               A$5000-150,000
Gas bill:                               A$100-200 per month
Car insurance:                    A$800 per year for car worth A$34000
Home building insurance    A$1200 for 3 bedroom house per year, house worth 500,000
Home Content insurance   A$120 per year for content worth 20,000
Petrol:                                A$1.3-1.6 per litre

For a family of 4, ie parents and 2 children below 2, You can expect your monthly
expenses to be around A$4000, if and only if you live moderately:
1- Rent: 1000-5000
2- Food: 1000-2500
3- Car insurance 100
4- Other (school, going out, ect): 500
5- Electricity: 150
6- Gas: 100
7- Mobile: 30 per SIM
8- Internet and phone line at home: 100

The cost of living in Sydney, Australia, is close to 50 percent higher than in New York,
according to a new survey that illustrates the painful side effects for residents living
through a once-in-a-century mining boom. Many have had to take out a cash advance
or second mortgage in order to navigate the suddenly more competitive financial

In the Worldwide Cost of Living Survey which was conducted by the Economist
Intelligence Unit, the twice-yearly report compares prices across 160 products and
services including drinks, schools and transport.

Of the 130 cities studied, Sydney ranks seventh, down from sixth place a year ago,
while Melbourne is unchanged in eighth place. But back in 2002, Sydney was 25 per
cent cheaper to live in than New York, a statistic that a decade later has more than

Mining-town Perth now ranks 12th, up from 13th position last year. Brisbane is joint
13th, up from 15th, while Adelaide has jumped to 17th place from 24th.

The findings will ring true with many locals, who regularly complain of rising prices for
everything from energy supplies to staples such as fruit and vegetables. Australia's
consumer price index rose 3.1 per cent in the December quarter of 2011 from a year
earlier with hefty spikes seen in the cost of transport, education and rent.

A stand-out in the developed world for its economic strength, however, Australia has
avoided a recession for more than 20 years and enjoys a 5.2 per cent jobless rate, the
envy of its peers in developed countries where unemployment in some cases hovers
closer to 10 per cent.

In 2011, the Organisation for Economic Co-operation and Development's Better Life
Index found that Australia may be the world's happiest industrialised nation, with some
75 per cent of inhabitants designated as being satisfied with their lives.

Rent: check out and Also check out www. for shared places

Car registration: In NSW, you will be paying around $500+ per year.
In NSW, you have to pay your 'rego' by the due date. If you don’t your car is considered
unregistered and un-road worthy and you will have to have a full road worthy done
before it can be registered again.
Car insurance is just too individualized.

Phone / Internet: Check out for a comparison of broadband
plans. Also check out and for info about phone
contracts. A$20-90/month

Gas / Electricity: Check out for information about gas and
electricity prices. Just enter a random Sydney Australian post code.

Petrol: Check out for daily petrol prices in Sydney. Also www. for an overview of prices in the capital cities. Petrol prices can vary
widely from the morning to evening in Australia.

Cars: Check out and

Clothes: Check out or - they dont have an
online shop but do have their latest catalogue on their website.

Groceries: and You could do an online
shopping to work out what the price of groceries would be.

Schools: Check for reports anc comparison of 10,000 shcolls in
Australia. In NSW Sydney at the very least you will be paying a 'voluntry' fee and for
school books.

Health Insurance: In Sydney you can get it for private hospital cover as well as for
'extras' such as optical, dental, allied health (speech therapy, physiotherapy etc).
Depending on what it is, you will get either a limit that will be refunded (ie/ $200 per
year for speech therapy) or a certain amount refunded such as with dental. Check out to compare plans. Dental in Sydney Australia is really expensive.
For example, the price of a root canal could reach A$1500. If you have a pre-exisiting
condition, your health insurance provider could ask you to wait 12 months before they
cover you for that.

Banking: Just about all banks will charge you for having an account with them. ANZ has
an account for $5 / month that has unlimited internet banking and ATM withdrawals. If
you make a withdrawal from another banks ATM you will pay up to $2.50 per
transaction. Have a look at In addition most companies will
charge you an 'admin' fee for paying your bill, generally a couple of dollars.

House or Unit you own in Sydney Australia: There are council and water rate.
However, if you are renting the landlord pays the rates and you just pay for the excess
water charges. Rubbish collection is included in council rates. No tv licence in Sydney
Australia though, although you have to put up with ads every 5 mins.

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Cost of Living in Sydney Australia varies according to your lifestyle!
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