Australia is a top choice for many immigrants due to its modern education system, great lifestyle, and many more such reasons. The country’s strong economy has attracted a lot of skilled immigrants. Skilled professionals can apply for an Australia PR Visa and gain unlimited benefits such as Medicare and plenty of job opportunities.
There are two important things to consider when choosing to immigrate to Australia such as checking your eligibility for the visa and contacting an immigration consultant. Nationwide Visas is regarded as one of the Best Immigration Consultants in Delhi and they will check your eligibility for Australia PR. One must know the cost of living in Australia before thinking of settling there permanently.
In this article, we will look at the cost of living in Australia, the factors affecting it, and tips to reduce the cost of living in Australia.
Factors Affecting Cost of Living in Australia in 2024
The factors affecting the cost of living in Australia are as follows:-
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Accommodation: The cost of living varies by location, property size, and proximity to city centers.
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Transportation: Public transport costs differ by city. Personal vehicles can cost you a lot.
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Utilities: Water consumption and internet plan also add to the basic utilities.
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Food and Groceries: Cooking at home is cheaper than dining out. Prices depend on supermarket choice and seasonal availability of produce.
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Entertainment: Lifestyle preferences, city-specific activities, and subscription services influence spending.
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Personal Expenses: Personal expenses include clothing, fitness, and miscellaneous items.
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Healthcare: Medicare covers basic needs. However private insurance costs for specialists or medications.
Average Monthly Cost of Living in Australia 2024
The costs can vary significantly depending on the city, lifestyle, and specific choices. The table below shows an approximate value of costs (monthly) for a single person, a couple, and a family of four (two adults and two children) living in Australia as permanent residents.
|
Expense Category |
Single Person |
Couple |
Family of Four |
|
Accommodation |
AUD 1500 |
AUD 2000 |
AUD 2800 |
|
Transportation |
AUD 150 |
AUD 250 |
AUD 400 |
|
Utilities |
AUD 200 |
AUD 300 |
AUD 450 |
|
Food & Groceries |
AUD 400 |
AUD 800 |
AUD 1200 |
|
Entertainment |
AUD 200 |
AUD 300 |
AUD 400 |
|
Personal Expenses |
AUD 250 |
AUD 400 |
AUD 400 |
|
Healthcare |
AUD 150 |
AUD 300 |
AUD 500 |
|
Total Monthly Cost |
AUD 2850 |
AUD 4450 |
AUD 6550 |
Note: These costs can vary according to various cities and personal expenses. These are only approximate values.
How to reduce the cost of living in Australia?
The tip mentioned below will help you to reduce the cost of living in Australia:-
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Use budgeting tools or spreadsheets to monitor your expenses and pinpoint areas to reduce spending.
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Cut transportation expenses by relying on public transport instead of owning a car.
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Lower grocery costs by shopping at local markets or budget-friendly vendors.
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Save on utility bills by using energy-efficient appliances and minimizing energy consumption.
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Limit entertainment spending by choosing free activities.
The person thinking of applying for Australia PR from India must have a great understanding of the cost of living in Australia.
Contact the Best Immigration Consultants in Delhi
Do you want to settle in Australia permanently? The best thing you can do is contact Nationwide Visas. Their expert advice will increase your chances of a successful and hassle-free Australia PR application. An immigration consultant will give you genuine advice and save both your time and money. Contact them now!