Cost of living in Australia

Sean Fernando, Sri LankaContent Writer

• 5 min read
• 29 Sep 2020
• 3430 views
• 2030 helpful

Last updated: 29 Sep 2022

Here's how you can budget your expenses in Australia

With Australia boasting of globally acclaimed educational institutions, it attracts many international students from across the world every year. Besides, the country’s well-structured education system adds to its charm. So, as an international student, it is essential to know an estimate of your cost of living and studying in Australia to plan your finances accordingly. Let’s have a look at what you should expect and how you can manage it well:

1. Cheapest student cities in Australia

Depending on which city you are studying in Australia, the cost of living may vary. We have put together this list of the top six most affordable student cities in Australia:

2. Tuition fee

While the exact cost of studying in Australia will depend on the course and institution you choose, it is always better to have an approximate idea.

3. Accommodation costs

Australia is the world's largest main island and smallest continent with six states and two territories. Accommodation prices in the country vary based on the city you choose to study in. Sydney, for instance, is known to be the most expensive city followed by Melbourne, Perth, Canberra, Brisbane, and Adelaide. Here’s some help to get you started:

4. Living costs

According to the Human Development Index 2022 and the Quality-of-Life Index 2022, Australia is ranked among the top 10 nations*, which implies Australia is counted in the top countries in terms of GDP, education system, and purchasing power parity index. So, along with the high level of income, it enjoys an excellent quality of health awareness, the medical system and political stability. So, excited?

*Sources: https://www.numbeo.com/quality-of-life/rankings.jsp https://worldpopulationreview.com/country-rankings/hdi-by-country