Sydney is placed 240th out of 9294 cities in our worldwide ranking and first out of 64 in Australia for its average cost of living, which is $2397. Sydney is within the top 3% of the most expensive cities in the world. Sydney has high living expenses. If you’re ready to make some sacrifices, there are ways to save money. You may, for instance, share housing, prepare more meals at home, and partake in city activities that are either free or inexpensive. Conducting research and creating a budget before moving to Sydney is crucial. You can ensure that you can afford to live comfortably in the city using this.
|Cost of Living||One Person|
|Total with Rent||$2397|
|Rent & Utilities||$1398|
|Monthly salary after tax||$4423|
This Blog Includes:
Why Study in Sydney?
There are several reasons to study in Sydney such as the prime location, top universities, facilities and many more, few of the following are mentioned below:
- Location: Sydney is a thriving, multicultural metropolis that provides a high standard of living and several chances for both personal and professional growth. You will join a varied and welcoming community of learners at the University of Sydney, where you will also have access to top-notch facilities and resources.
- Education: Sydney is renowned for having some of the best universities in the world. These universities are leaders in research, education, student life, and graduate employability.
- Facilities: Sydney is home to some of the best restaurants, bars, and cafes in the world, amazing weather, and well-known sites like the Sydney Opera House and Harbour Bridge. It also has a thriving art and culture scene.
Cost of Living in Sydney: Overview
Sydney is one of the most expensive cities in the world, yet living expenses can change based on your demands and way of life. The following is a breakdown of some of the high costs you might anticipate encountering in Sydney:
- Rent: The typical monthly rent in Sydney for a one-bedroom flat is about $3,500 AUD. You can locate apartments for a little bit less if you’re willing to live outside of the city centre.
- Utilities: Sydney’s utility costs are somewhat high. Electricity, gas and water should cost about AUD $200 per month.
- Groceries: The cost of groceries is likewise more significant in Sydney. For one person, you should budget approximately AUD$500 per month for groceries
- Transportation: Depending on how you get around, transport expenses can vary in Sydney. If you drive, you need a budget of about AUD$ 1,000 per month for petrol, insurance, and car payments. If you commute by public transport, a monthly pass will cost you about $200 AUD.
- Entertainment: Depending on your interests, Sydney entertainment expenses can also change. You should budget about AUD$500 each month if you enjoy going out to pubs and restaurants. You can cut costs on entertainment by staying in and cooking.
Explore the top MBA Programs in Sydney for International Students
Cost of Food
|Basic lunchtime menu||AU$19|
|Combo meal in fast food restaurant||AU$14|
|500 gr (1 lb.) of boneless chicken breast||AU$7|
|1 litre (1 qt.) of whole-fat milk||AU$1.74|
|1 kg (2 lb.) of apples||AU$4.46|
|1 kg (2 lb.) of tomatoes||AU$9|
Cots of Housing
|Monthly rent for||AU$3,999|
|Utilities 1 month- heating, electricity, gas||AU$199|
|Internet 8 Mbps (1 month)||AU$63|
|Microwave 800/900 watt||AU$209|
Cost of Clothes
|1 pair of jeans||AU$105|
|1 summer dress in a high street store||AU$68|
|1 pair of sport shoes||AU$161|
|1 pair of men’s leather business shoes||AU$174|
Cost of Transportation
|1 liter (1/4 gallon) of gas||AU$2.08|
|Monthly ticket public transport||AU$191|
|Taxi trip on a business day||AU$28|
Cost of Personal Care
|Cold medicine for 6 days||AU$11|
|1 box of antibiotics||AU$13|
|4 rolls of toilet paper||AU$3.59|
|Tube of toothpaste||AU$38|
|Standard men’s haircut||AU$38|
Cost of Entertainment
|2 tickets to the movies||AU$42|
|2 tickets to the theatre||AU$215|
|1 cocktail drink in downtown club||AU$19|
|1 beer in neighbourhood pub||AU$8|
|1 month of gym membership||AU$86|
|1 package of Marlboro cigarettes||AU$36|
Cost of Studying in Sydney
The annual cost of tuition for international undergraduate students in Sydney ranges from AUD$ 20,000 to AUD$ 45,000. The annual cost of tuition for postgraduate studies can range from $22,000 to $50,000 AUD.
|Course Level||Average Cost|
|Undergraduate||AU$45,000 – $49,500|
|Post Graduate||AU$45,000 – AU$47,500|
|Post Graduate Research||AU$45,500|
Tips to Save Money While Living in Sydney
The following advice can help you live comfortably and cheaply in Sydney:
- Live in a Shared apartment: Renting a shared flat is an excellent method to save money. Shared apartments are available across the city, from the outskirts to the downtown.
- Cook at home: Sydney may be an expensive city to eat out in. Saving money by cooking at home is quite effective. Sydney offers a wide variety of inexpensive grocery stores as well as several free or inexpensive cooking classes.
- Take advantage of free activities: Sydney offers a variety of free and inexpensive activities. You can explore the many parks and gardens, go on walks or treks, or take in one of the city’s many free activities.
- Use public transport: Sydney’s public transit is reasonably priced. For about $200 AUD, you can get a monthly pass, or you can pay for each ride.
Ans. You’ll need to earn between A$5,000 and A$6,000 per year, or approximately A$95,000 before taxes, in order to live comfortably in Sydney. So, before investing time in a transfer to this pricey metropolis, you’ll need to be sure your income is safe.
Ans. Sydney, Australia’s cost of living in brief: Without rent, the projected monthly expenses for a household of four are 4,355.4$ (6,411.1A$). Without rent, a single person’s projected monthly expenses are 1,219.4$ (1,794.9A$). Without rent, Sydney is 17.8% less expensive than New York.
Ans. The first few days might be challenging for a family that has recently immigrated to Australia from India, especially in terms of money. The monthly average cost of living for a four-person Indian family in Australia might range from AUD 2800 to AUD 3000.
This was all about the Cost of living in Sydney, if you are looking to study in Sydney then contact Leverage Edu where our experts will help you in your study abroad journey, making it a hassle-free experience.