Back to rankingsβš–οΈ Compare with other cities
🟠
#20 Worldwide

Melbourne

Australia β€’ Oceania

Anchor Cost Index

79

Expensive

#20
of 120 cities
84%
More expensive than
#2
in Oceania
Expensive
Cost Level

πŸ“ŠAnchor Price Breakdown

ℹ️Sources: Public economic data, market research
πŸ”
Big Mac
McDonald's signature burger
$5.21
+25% vs avg
76
Weight: 20%Global avg: $4.15
🏠
1BR Rent
City-wide median monthly
$1,700.00/mo
+73% vs avg
80
Weight: 30%Global avg: $981.92
πŸš—
Uber 5km
Average 5km ride fare
$9.00
+92% vs avg
87
Weight: 20%Global avg: $4.69
β˜•
Starbucks Latte
Tall Latte price
$4.50
Near avg
53
Weight: 15%Global avg: $4.34
πŸ“Ί
YouTube Premium
Monthly subscription
$14.99/mo
+84% vs avg
94
Weight: 15%Global avg: $8.13

πŸ“ˆKey Metrics

ℹ️Calculated from verified cost data
🏠
25%
Rent Burden
Rent as % of avg salary
🍽️
19%
Food Affordability
Food as % of avg salary
πŸ’»
75/100
Nomad Score
Digital nomad friendliness
πŸ‘¨β€πŸ‘©β€πŸ‘§
80/100
Family Score
Family friendliness

πŸ’΅Monthly Budget Scenarios

ℹ️Based on crowdsourced price data
πŸŽ’
Backpacker
Hostels, street food, public transit
$3,422/mo
Housing
$1320
Food
$1728
Transport
$132
Utilities
$0
Entertainment
$134
Other
$108
πŸ’»
Digital Nomad
Coliving, coworking, mix of cooking & dining
$4,479/mo
Housing
$1530
Food
$1836
Transport
$186
Utilities
$137
Entertainment
$310
Other
$480
πŸ‘¨β€πŸ‘©β€πŸ‘§
Small Family
2 adults + 1 child, outside center apartment
$7,291/mo
Housing
$2720
Food
$1912
Transport
$375
Utilities
$538
Entertainment
$241
Other
$1505
🏒
Expat Professional
City center, quality lifestyle
$5,314/mo
Housing
$2142
Food
$1928
Transport
$395
Utilities
$387
Entertainment
$342
Other
$120

πŸ”—Useful Resources for Melbourne

🏨
Booking.com
Find accommodation deals worldwide
β†’πŸ›‘οΈ
SafetyWing
Nomad health insurance from $45/mo
β†’πŸ’Έ
Wise
Send money internationally with low fees
β†’

* Some links are affiliate links. We may earn a commission at no extra cost to you.

πŸ“‹Extended Costs (60+ Items)

ℹ️Aggregated from public sources
1BR Apartment (City Center)$2,380.00/mo
1BR Apartment (Outside Center)$1,190.00/mo
3BR Apartment (City Center)$4,760.00/mo
3BR Apartment (Outside Center)$2,720.00/mo
Price per mΒ² (Buy, City)$15,600.00/mΒ²
Price per mΒ² (Buy, Outside)$9,500.00/mΒ²
Airbnb (1BR, Monthly)$3,060.00/mo
Coliving Space$1,530.00/mo
Hostel/Dormitory$44.00/night

πŸ’°Similar Cost Cities

Seattle
United States
89+10
Vancouver
Canada
88+9
Chicago
United States
87+8
Toronto
Canada
86+7
London
United Kingdom
85+6

🌏Others in Oceania

Sydney
Australia
82+3
Brisbane
Australia
77-2
Perth
Australia
75-4
Auckland
New Zealand
71-8
Wellington
New Zealand
68-11

πŸ“ˆ How Melbourne Compares

Cheaper than
17cities
More expensive than
100cities
Rank in Oceania
#2/6

Understanding Cost Index

0-20
Very Affordable
21-40
Affordable
41-60
Moderate
61-80
Expensive
81-100
Very Expensive

πŸ“Š Data Sources

We aggregate data from trusted sources to provide accurate cost of living comparisons. All prices are converted to USD.

πŸ”
Big Mac Index
Global purchasing power indicator (2024)

Purchasing power parity indicator

🏠
Cost of Living & Rent
Crowdsourced global cost data (2024)

Verified price data from multiple sources

πŸš—
Transport & Services
Regional transport pricing data (2024)

Taxi, rideshare, public transit prices

πŸ“Ί
Digital Subscriptions
Regional pricing data (2024)

Streaming services, digital platforms

Data is updated periodically. Prices may vary based on location, promotions, and exchange rates.