What salary do I need to live in Sydney?

To live comfortably in Sydney you generally need a household income of at least $120,000-$150,000 per year. Median weekly rent in inner suburbs like Surry Hills is $750-$850/week ($39,000-$44,200/year), and the 30% rule suggests you need at least $130,000-$147,000 gross income just to cover rent affordably. Outer suburbs like Parramatta or Liverpool are more accessible at $80,000-$100,000.

Cost of living by Australian city?

Annual cost of living for a single person (rent + essentials) ranges significantly: Sydney $55,000-$70,000, Melbourne $48,000-$60,000, Brisbane $42,000-$52,000, Perth $43,000-$53,000, Adelaide $38,000-$48,000, Hobart $40,000-$50,000, Canberra $50,000-$62,000, and Darwin $45,000-$55,000. Housing is the biggest variable — it accounts for 30-40% of total living costs in all capital cities.

How much should I spend on rent in Australia?

The general guideline is no more than 30% of your gross income on rent — this is known as the '30% rule'. On a $90,000 salary, that means a maximum of $519/week. However, in expensive cities like Sydney and Melbourne, many renters spend 35-40% of income on housing. If you exceed 30%, look at reducing other expenses or consider suburbs further from the CBD where median rents can be 30-50% lower.

Melbourne • Reality Check

Can You Afford Richmond?

Bridge Road shopping, Victoria Street's Vietnamese quarter, and easy access to the MCG.

🏠 $540/wk rent

☕ $5.0 flat white

🚊 $155/mo transport

Your Annual Salary (before tax)

Your Lifestyle

☕Daily Coffees

1/day

🍽️Dining Out

2x/wk

🚗Uber / Rideshare

2x/wk

🛍️Shopping / Thrifting

$100/mo

🎉Weekend Activities

Moderate

📺Streaming Services

3 subs

Your Survival Score

😊0

Comfortable

Monthly Breakdown

🏠Rent$2,338

🛒Groceries$318

🚊Transport$155

☕Coffee$150

🍽️Dining Out$349

🚗Rideshare$156

🛍️Shopping$100

🎉Weekend Fun$230

📺Streaming$45

Take-home pay$4,451

Total expenses-$3,841

Savings+$610

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Living in Richmond, Melbourne

Bridge Road shopping, Victoria Street's Vietnamese quarter, and easy access to the MCG. If you're weighing a move to Richmond, the numbers matter more than the vibes. The median weekly rent here is $540, which annualises to roughly $28,080 per year. Using the 30% rent-to-income guideline, you'd want an annual gross salary around $94,000 to live in Richmond without housing eating your paycheck.

Day-to-day costs in Richmond are on the pricier side for entertainment and slightly above-average the national average for groceries. A monthly public transport pass runs about $155, and a flat white at a local café costs roughly $5.00 — which adds up to $1,825 per year if you're on a one-a-day habit.

What does Richmond cost per month?

Rough monthly budget for a single renter on a median-income job, before lifestyle upgrades:

Rent (Richmond median)$2,338
Groceries (est.)$424
Transport pass$155
Coffee (1/day)$150
Entertainment (est.)$230

Numbers are indicative only and exclude tax. Use the interactive calculator above to plug in your own salary and lifestyle.

FAQ — Richmond

How much do you need to earn to live comfortably in Richmond?

Using the standard 30% rent-to-income rule, a comfortable gross income for Richmond is around $94,000 per year. At this salary, median rent of $540/wk takes up less than a third of your take-home pay, leaving room for savings, transport, and everything else Melbourne throws at you.

Is Richmond more expensive than the rest of Melbourne?

Groceries in Richmond track slightly above-average the national average (index 1.06), and the entertainment scene is on the pricier side (index 1.15). Median weekly rent of $540 places it within the Melbourne market — use the calculator to compare specific neighbourhoods head-to-head.

What's the average annual rent cost in Richmond?

At a median weekly rent of $540, annual rent in Richmond works out to approximately $28,080 per year for a typical unit. Actual costs vary significantly by property size, condition, and proximity to transport.