Here’s how much you need to earn to live comfortably in these Australian cities
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Here’s how much you need to earn to live comfortably in these Australian cities

Our study reveals the income you need to live comfortably in each Australian city.

  • Sydney tops the list of the most expensive Australian cities to live comfortably, with a required yearly salary of $59,976
  • Canberra and Brisbane follow closely with yearly wages of $51,000 and $50,088 respectively
  • On top of the list of the most affordable cities for comfortable living is Bendigo, at just $30,276 annually
Ever wondered if your salary is enough to live comfortably in Australia? Best Financial Planners has conducted a fun and eye-opening study to reveal the minimum income needed to live comfortably across Australia’s major cities. Sydney is undeniably the priciest city in Australia when it comes to comfortable living. With a hefty required hourly wage of $31.73, that equates to an annual salary of $59,976. Whether it’s the high rent in central areas or the cost of entertainment, Sydney’s lifestyle demands a higher income to keep up. In second place, Canberra, with its well-paying government jobs, requires an hourly wage of $26.98, or $51,000 a year, to live comfortably. It’s followed closely by Brisbane, where the annual wage requirement is $50,088. Brisbane demands a bit more than its southern neighbours, but still offers a more affordable lifestyle than Sydney and Canberra. Tied for fourth place, Melbourne and Perth both require an hourly wage of $25.46, leading to an annual salary of $48,120.

Top 5 Most Expensive Cities

Rank City Hourly Wage Needed to Live Comfortably Yearly Wage Needed to Live Comfortably
1 Sydney $31.73 $59,976
2 Canberra $26.98 $51,000
3 Brisbane $26.50 $50,088
4 Melbourne $25.46 $48,120
4 Perth $25.46 $48,120

As you move down the list, cities like Hobart, Cairns, and Warrnambool show that while still expensive, their cost of living is more manageable. Hobart, requiring $41,928 annually, while Cairns and Warrnambool are similarly priced, at $40,436 and $40,416 respectively, make it easier to enjoy the finer things without the hefty price tag of the major capitals.

Model house with dollar signs around it, representing cost of living in Australia

Middle of the List: Median Cost Cities

Rank City Hourly Wage Needed to Live Comfortably Yearly Wage Needed to Live Comfortably
13Hobart$22.18$41,928
14Cairns$21.39$40,436
15Warrnambool$21.38$40,416
16Townsville$20.62$38,976
17Launceston$20.20$38,184

For those looking to live comfortably on a budget, cities like Bendigo, Bundaberg, and Ballarat offer affordable living options. Bendigo is the most affordable city, with a required annual salary of just $30,276, a far cry from the major cities at the top of the list. Bundaberg follows closely with $33,176, while Ballarat requires $34,296 a year.

The 5 Most Affordable Cities

Rank City Hourly Wage Needed to Live Comfortably Yearly Wage Needed to Live Comfortably
30Bendigo$16.02$30,276
29Bundaberg$17.55$33,176
28Ballarat$18.15$34,296
27Dubbo$18.46$34,896
26Mackay$18.66$35,276

Methodology
The study analysed public data (StudyAustralia and Numbeo) to determine the minimum income needed for a comfortable lifestyle for single individuals across Australia. The study considered housing, food, transportation, taxes, healthcare, utilities, and other essential expenses. The states were then ranked from most to least expensive places for a single person to live comfortably.

About Best Financial Planners
Best Financial Planners is a trusted platform that connects individuals and couples with top-rated financial advisors across Australia. Their mission is to make financial planning accessible, understandable, and tailored to life’s most important moments.

Full Ranking List of Top 30 Cities

Rank City Hourly Wage Needed to Live Comfortably Yearly Wage Needed to Live Comfortably
1Sydney$31.73$59,976
2Canberra$26.98$51,000
3Brisbane$26.50$50,088
4Melbourne$25.46$48,120
4Perth$25.46$48,120
6Darwin$25.31$47,832
7Adelaide$24.77$46,824
8Geelong$24.30$45,922
9Newcastle$24.05$45,456
10Caloundra$23.92$45,216
11Gold Coast$22.74$42,972
12Coffs Harbour$22.46$42,456
13Hobart$22.18$41,928
14Cairns$21.39$40,436
15Warrnambool$21.38$40,416
16Townsville$20.62$38,976
17Launceston$20.20$38,184
18Hervey Bay$19.99$37,776
19Wollongong$19.81$37,436
20Queanbeyan$19.73$37,296
21Shepparton$19.51$36,876
22Port Macquarie$19.48$36,816
23Toowoomba$19.35$36,576
24Ipswich$19.16$36,216
25Bunbury$18.72$35,376
26Mackay$18.66$35,276
27Dubbo$18.46$34,896
28Ballarat$18.15$34,296
29Bundaberg$17.55$33,176
30Bendigo$16.02$30,276

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