How Expensive Is It To Live in Melbourne?

by Emma

When people move to a new city, they do so for a variety of reasons. Some move for a new change of scenery. Maybe the nightlife where they lived wasn’t as lively as they might find in a new city. They might want a metropolis that offers some of the best dining options available. In many cases, many people move due to a new job opportunity that pays more and provides better personal benefits. When moving to a new city, though, a huge question that should be tackled is how much are the expenses for moving to a new metropolitan area?

Let’s use the city of Melbourne, Australia as an example. Located in the southeastern Australian state of Victoria, approximately 4,968,000 people call the city home. The city offers many of the things mentioned above as a draw for people who might want to move to a new city: art centers, a wide variety of restaurants, vibrant nightlife, and sports arenas. With all of these amenities that the city offers, a question that needs to be asked is “how expensive is it to live in Melbourne”? We’ll dig a bit more into how expensive it is to move to Melbourne.

What does it cost to live in Melbourne?

With rent prices in Melbourne being high, the outlying suburbs are a bit more cost-effective when it comes to setting down roots in the city of Melbourne area. The monthly rent of a one-bedroom apartment in Melbourne is AUD 1,800. A three-bedroom apartment costs AUD 3,300. For food items, the costs are still a bit high. A dozen eggs cost AUD 4.75, milk (1 liter) AUD 1.60, chicken breasts (1kg) AUD 11.30, and rice (1kg) AUD 2.70. Utilities, which can take up the bulk of living costs in Melbourne, are also ratcheted up. Internet access monthly is AUD 70, and the basic utilities for a small apartment are AUD 200.

If you’re thinking about moving to the city of Melbourne, you want to first figure out if you can afford to live there. Find out what the cost of living will be before you can make this city your new home. At one point, Melbourne was seen as being the sixth most expensive city to live in. The city currently sits at being on the more expensive side of Australia’s capital cities, second behind Sydney, Australia. There will be a cost for riding those Victorian railways, as you sightsee the local Bass strait and the Crowlands.

One way to help offset the costs of living in the city involves comparison shopping with your utilities. For example, first, try to compare electricity in Melbourne. Look into what each energy company brings to the table. Do they specialize in renewable energy? How many power stations does each utility company provide? How fast does each electric distribution company respond to a power outage? How soon can they send an electrician or electrical contractor out to your home if you have any personal electrical issues? Do any of these companies specialize in providing generators if needed when your neighborhood is experiencing electrical issues? How helpful is the customer service for each company?

Once you’ve answered all of these questions, compare the pricing for each of these electricity generation companies. When you’ve made the most cost-effective decision, this will help you deal with the other costs of living in Melbourne.

Why is the cost of living in Melbourne so high?

Melbourne

The costs of living in Melbourne are higher for a few reasons. One reason is that the Victorian government has been blamed for having policies that are negatively geared towards the inflation of residential property prices. This is done while the government fails to promote the construction of new houses. Also, transport costs for a host of items, due to the increased distance between Australian metropolitan areas and cities in the United States, are higher.

This drives up the demand for the city to stock up on various items in case they run out and drives up the prices for the items being delivered. Lastly, the hourly rates for many Melbourne workers are comparatively higher than in many parts of the world. This increases the rate of items that are purchased across the city. These factors are just a small sampling of why the cost of living in Melbourne is high.

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