Cost of living in Australia

Australia is a top-notch spot for studying abroad, with a plethora of career prospects and top-notch education, all within a vibrant and diverse community. Each year, countless students choose Australia to pursue their dreams through undergraduate, postgraduate, and research programs. It's no wonder why Australia is a go-to destination for those seeking a world-class education and unforgettable experience.

Before making the big move to university, students often worry about the cost of living down under in Australia. Fear not, for this article is here to shed some light on the living expenses you can expect in the land of kangaroos. Let's dive into the nitty-gritty of budgeting in Australia!

An Overview

Wondering what is the minimum cost of living in Australia for a student?

It's important for students to understand that the cost of living can differ depending on their lifestyle choices. In Australia, cities like Sydney, Brisbane, Canberra, Melbourne, and Adelaide are known for being on the pricier side. 

As international students in Australia, there are plenty of expenses to consider. On average, the monthly cost of living in Australia is around INR 97,563, not including rent. This covers everything from food to medical expenses to transportation. So, make sure to budget wisely and maybe consider cooking at home instead of dining out every night!

We have provided a detailed breakdown of the monthly living expenses in Australia. Take a look at the key factors that impact your cost of living there.

1.Rent in Australia- 

Accommodation options in Australia are as diverse as the country itself. From the charm of rural regions in the west and north to the bustling metropolis of Sydney, students have a range of choices to suit their preferences and budgets.

In the more remote areas, like the western and northern states, accommodation tends to be more affordable. However, if you're looking to live it up in a modern city like Sydney, be prepared to shell out a bit more cash.

When it comes to the cost of living, where you choose to live can make a big difference. Living on-campus may be convenient, but it can also be pricier, with monthly costs ranging from AUD 440 to 1,100. Opting for a shared rental off-campus could save you some dough, with prices typically falling between AUD 380 and 850 per month.

2.University Tuition Fee-

Tuition fees can be a real budget buster as the cost varies depending on which university you choose, where it's located, and what program you're diving into.

 For bachelor's degrees, you're looking at shelling out anywhere from AUD 20,000 to AUD 45,000 per year. If you're aiming for a master's or doctoral program, be prepared to fork over between AUD 20,000 and AUD 50,000 annually.

Now, if you've got your sights set on a medical degree, MBA, or any other fancy professional program, brace yourself for some seriously steep fees. But fear not because scholarships are here to save the day. Grab one of those  and you could be looking at a reduced bill or even a fully-funded degree. 

3.Food Cost-

In addition to understanding the average cost of living in Australia, it's crucial for students to be aware of the average food expenses while living in Australia. An International student would spend approximately $140 to $280 per week on groceries and eating out. 

4.Student Visa-

Looking to study in Australia? Well, the first thing you'll need is a valid student visa, which comes with a price tag of around AUD 606. Don't worry though, your trusty Uninxt Study Overseas is here to help you navigate through the visa application process and keep you in the loop on all the latest updates and costs. So sit back, relax, and let us take care of the paperwork while you dream about all the opportunities coming your way during your college life!

5.Living Expenses-

It's always a good idea to set aside some cash for fun outings, and unexpected emergencies. As a student living abroad, it's crucial to stay on top of your spending to avoid going over budget. So, remember to keep some money for those essentials and keep a close eye on your wallet!

Type of Expenditure	Australia (AUD)
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$70
Basic Utilities (Electricity, Heating, Cooling, Water, Garbage)	$200
1 minute of Prepaid Mobile Tariff Local (Without any Discounts/Plans)	$0.10-1
Public transport	$30 to $60

6.Never Forget your Taxes!-

Before you start working part-time, make sure you have your Tax File Number (TFN) in hand. This number allows you to work up to 20 hours per week during the school year and full-time during breaks. Just remember, any money you earn will be subject to taxes.

Not to forget the exchange rate fluctuations that can throw a wrench in your budgeting plans. To ease the financial burden, consider snagging a part-time job while studying or hunting down scholarships at your university of choice. 

Tips to Save Money in Australia

Here are some useful tips that can help you save money during your stay in Australia:

• Looking to save some cash on food while studying in Australia? It's as easy as pie! Simply cut back on dining out, limit those cafe visits, and get savvy with meal planning and local grocery shopping.

• It's important not to leave air conditioners running constantly or neglect to turn off power to wall outlets. Opt for natural ventilation whenever possible to keep your home cool, but if you must use air conditioning, make sure to seal all windows and doors tightly.

• Australia is full of exciting public events that won't cost you a penny! From free live music gigs to outdoor movie screenings, there's something for everyone. It's cheap and cheerful!

• Australia offers many incentives for students to take advantage of. By simply possessing an ISIC Card, students can unlock various discounts from discounted flights to transportation and beyond. Additionally, students can enjoy even more discounts at various outlets and stores. 

• Why waste your money on cabs when you can hop on public transportation in Australia? It's a budget-friendly way to get around town. Plus, most universities are conveniently located near public transport hubs, making it a breeze to get to class.

Contact Uninxt Study Overseas to live your dream of studying in Australia in a budget-friendly way.

Happy saving!