TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Living

by Gav

So I have stayed here for 2 months. how much is the basic living cost of Melbourne?

Here are the approximate daily essential expenses:

  • Rental (for a 2 bed room apartment) :AUD 44
  • Transportation (Assuming you are staying in the Zone 1, cost will raise when staying in Zone 2) :AUD 3.4
  • Food & drink (3 basic meals a day): AUD 20
  • Utility (Water & Electricity): AUD 5
So , by doing nothing, you need around AUD$72.4 (~ USD61.54) a day to live in Melbourne city.

So you need to at least earned AUD 2300 (USD 1955) a month from your day job if you wanna survive in  this city.

I am not sure about other countries, but in Singapore, it is roughly as below:

Daily expenses:

  • Rental (2-bedroom flat): SGD 40
  • Transportation: SGD 4
  • Food & Drink : SGD 15
  • Utility: SGD 4
Daily total: SGD 63 (~ USD 41)

These are all very basic livng cost, excluding alcohol, weekend dinners, entertainment etc.

Looking at this, well...work harder buddy.

Comments

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  1. eyal
    Dude, the only place you can get in Singapore these days for S$40 a day is an old HDB in Jurong, at the furthest point from the MRT ;-) Btw, I would include in basic costs things like medical, dental, etc. even clothing is a must spend, unless you guys walk around naked in Aus ;-)
  2. eyal
    Dude, the only place you can get in Singapore these days for S$40 a day is an old HDB in Jurong, at the furthest point from the MRT ;-) Btw, I would include in basic costs things like medical, dental, etc. even clothing is a must spend, unless you guys walk around naked in Aus ;-)
  3. Caravaggio
    Interesting info ... potential foundations for a long-term AUD/SGD trade !
  4. Caravaggio
    Interesting info ... potential foundations for a long-term AUD/SGD trade !
  5. eyal
    It was the same in kiwiland, even people in high paying IT jobs count every dollar and won't buy lunch. Drove me mad when I lived there, I'm just too used to the Asian cultures of Sg and HK.
  6. Gav
    Eyal: You're right. My bad. I left out the important stuff, giving the fact that I just spent AUD200 for a winter coat. Dang! Anyway, after doing this kinda silly calculations, I understand why 'lunch box' culture is so common in my office. It is costly to have lunch in Melbourne CBD. Caravaggio: A matter of fact, AUD/SGD is my biggest FX position now :)
  7. Gav
    Eyal: You're right. My bad. I left out the important stuff, giving the fact that I just spent AUD200 for a winter coat. Dang! Anyway, after doing this kinda silly calculations, I understand why 'lunch box' culture is so common in my office. It is costly to have lunch in Melbourne CBD. Caravaggio: A matter of fact, AUD/SGD is my biggest FX position now :)
  8. eyal
    It was the same in kiwiland, even people in high paying IT jobs count every dollar and won't buy lunch. Drove me mad when I lived there, I'm just too used to the Asian cultures of Sg and HK.

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