Cost of Living in Australia - A Guide for International Students

Make the most of your money

Discover the current living expenses in Australia for international students and migrants in 2024. Our detailed guide covers the costs of housing, food, transportation and other essential expenses in Australia.

Quality of life in Australia

Australia boasts a high standard of living, known for its excellent healthcare, education, and safety. Its multicultural society and diverse landscapes contribute to a vibrant and enriching lifestyle. 

Expectations for students:

• Diverse Environment: Encounter people from various cultures, enriching your experience. 

• Academic Excellence: Experience high standards in education across diverse disciplines. 

• Outdoor Lifestyle: Embrace outdoor activities amidst stunning natural landscapes. 

• Cost of Living: Be prepared for relatively higher living costs, especially in major cities. 

• Work-Life Balance: Enjoy a culture that values relaxation alongside professional endeavors. 

• Safety: Benefit from low crime rates, ensuring a secure environment. 

• Support Services: Access support services provided by universities for academic and cultural integration. 

Cost of living in Australia for international students 

According to the Australian Government, you will need approximately 20,000 Australian dollars each year if you're single, plus an extra $6,940 per year if you're married. And you'll need $3,000 per year for each child if you have children. This doesn't include the cost of any social, sporting or other recreation activities you might want to be part of, or any health or emergency expenses not covered by your Overseas Student Health Cover (OSHC). 

Here is an overview of the monthly costs in Australia for an international student: 

Living expenses in Australia for international students: Based on cities and suburbs 

Where you decide to live significantly influences the living expenses for international students in Australia. For example, residing in major cities like Sydney, Canberra and Melbourne generally incurs higher costs than suburban areas like St. Kilda West, South Brisbane and Spring Hill. Let's compare the living expenses for these two types of locations, particularly in areas near well-known universities: 

This comparison highlights the notable differences in the average monthly expenses for various factors between a major city like Sydney and a suburban area like Spring Hill. Choosing a location wisely is crucial for managing living costs effectively as an international student in Australia. 

Accommodation cost in Australia for international students

The major portion of living costs stem from accommodation. For international students in Australia, the accommodation cost varies depending on the type of room chosen. Several options include a hall of residence, shared housing and local homestays. Among these, the hall of residence is the preferred choice for many. 

Here's a breakdown of the monthly cost for different accommodation options: 

 These figures provide an overview of the average monthly expenses associated with each accommodation type, helping international students plan their budget accordingly.

Banking, Communications and Internet Access in Australia

In Australia, you pay (and are paid) in dollars and cents. You can make purchases using Australian coins and notes, fund transfer or a debit or credit card from an international or local bank, credit union or building society. 

Your banking and payments options 

To setup an Australian bank account before or after you arrive, you will need your Electronic Confirmation of Enrolment (eCoE), Letter of Offer, passport and other forms of identification. You might also need an Australian Tax File Number (TFN), which you can apply for from the Australian Taxation Office. 

Getting your phone and internet organised 

You’ll probably want to get your phone and internet sorted pretty quickly after arriving in Australia. 

When it comes to phones, you have three main options: 

• Landline: usually only relevant if you live off campus. You might be able to get a better deal by bundling your landline with internet access, or you might choose not to have a landline at all and stick with your mobile. 

• Mobile – prepaid: gives you control over how much you spend and you can stop using it whenever you want. Pre-paid SIM cards are widely available from Australian shops and supermarkets, as well as from mobile phone providers. 

• Mobile – contract: depending on how much you use your mobile and what for, a contract with an Australian mobile phone provider could be cheaper.

Mobile plans in Australia typically include some Internet data.

Making international calls 

International calls can be a lot more expensive than calls within Australia. You might want to buy an international calling card (which gives you better rates) or use online options like Skype or FaceTime instead. You can buy international calling cards from most convenience stores. 

• To call an Australian number from overseas, you need to enter the country code (61), followed by the area code and then the telephone number. 

• To call another country from Australia, enter 011, followed by the relevant country code and the area code (if required) and then the telephone number. 

Accessing the internet 

You will have lots of options for internet access in Australia, but it pays to shop around to find the plan that offers the best price and download limits for your needs. 

Most educational institutions provide free Wi-Fi which you can access with your student logon and password. If you can’t access the internet through your own laptop or computer, you can usually find one to use in the student library, at an off-campus public library or Internet café. 

Some places offer free Wi-Fi, but some internet cafes for example, will charge by the hour. Don’t forget to check the security of the network you are connecting to. 

Tips to reduce cost of living in Australia for international students 

Shared living space: If renting, consider sharing a unit, apartment or house with friends or colleagues to split grocery and utility expenses. Besides the financial benefits, returning home to good company is always a great plus. 

Shop from sale: Save on clothing purchases by timing them during end-of-season sales. Mix and match with affordable designer items from thrift stores or second-hand shops. You can find a variety of pre-loved goods at fantastic prices for your home as well. 

Monitor regular expenses: Regarding utilities, compare gas and electricity deals regularly to ensure you're getting the best rates. Monitor petrol prices and fill up during lower price cycles to save on fuel costs. 

Affordable mobile plan: Optimise your mobile expenses by shopping around for the best mobile plan that suits your needs in terms of price and usage limits. 

Make your meal: One effective way to cut costs is by preparing meals. Pack your lunch, make breakfast at home and bring your coffee to save money. These small adjustments can add to a more budget-friendly and financially conscious lifestyle.