UnpinnedGlobal City Directory

Melbourne

Australia

Cost of Living in Melbourne

Comprehensive breakdown of living costs, rent prices, and quality of life metrics

Cost of Living Analysis

Melbourne, Australia's second-largest city, offers a vibrant and dynamic environment for digital nomads, though it comes with a relatively high cost of living. While more affordable than Sydney, Melbourne's expenses are still significant compared to other global destinations. The city's rich cultural scene, excellent public transport, and high-quality amenities contribute to its appeal, but prospective residents should be prepared for the financial commitment required to enjoy these benefits.

Housing is one of the most substantial expenses in Melbourne. Renting a one-bedroom apartment in the city center can be quite costly, with prices varying based on location and amenities. Suburban areas may offer more affordable options, but this often comes with longer commute times. Food expenses are also notable; dining out frequently can add up, as Melbourne boasts a diverse and high-quality culinary scene. However, cooking at home using local markets can help manage food costs. Transportation is relatively efficient and cost-effective, with an extensive public transport network that includes trams, trains, and buses. Utilities and internet services are reliable but can be pricey, so it's advisable to compare providers to find the best deals.

Melbourne is renowned for its high quality of life, offering a blend of urban excitement and green spaces. The city is generally safe, with a low crime rate, making it comfortable for residents and visitors alike. The healthcare system is robust, providing access to excellent medical services, though it's important for digital nomads to secure appropriate health insurance coverage. The city's diverse neighborhoods each offer unique experiences, from the artsy vibe of Fitzroy to the beachside charm of St Kilda.

For digital nomads considering Melbourne, it's essential to budget carefully to accommodate the higher living costs. Opting for shared accommodations or living slightly outside the central business district can reduce housing expenses. Taking advantage of the city's numerous free or low-cost cultural events and public spaces can enhance the experience without straining finances. Additionally, Melbourne's strong coffee culture and numerous coworking spaces provide excellent environments for productivity and networking. While the city offers a wealth of opportunities and experiences, a well-planned budget is key to making the most of what Melbourne has to offer.

Overall Ranking

Global Rank
#100
Cost of Living Index
65.4
Quality of Life
198.3

Cost Breakdown

Rent Index
38.1
Groceries Index
73.9
Restaurant Index
62.3
Local Purchasing Power
151.4

Housing & Property

Cost of Living + Rent Index
53.5
Property Price to Income Ratio
7.9

Safety & Healthcare

Safety Index
56.2
Crime Index
43.8
Healthcare Index
73.3

Environment & Transportation

Pollution Index
27.2
Climate Index
94.3
Traffic Index
184
Data last updated: 2025-07-05T00:00:00.000Z

Understanding the Indices:

  • Cost indices: Lower values indicate lower costs (better for budget)
  • Quality indices: Higher values indicate better quality/safety
  • Rank: Lower numbers indicate better overall affordability