Australia Country Profile - Cost of living

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Cost of living

Australia is considered to have one of the best standards of living in the world (Australia ranked second in the Quality of Life Index 2010) and a relatively low cost of living. The larger metropolitan areas such as Melbourne, Sydney, Perth and Adelaide and popular tourist destinations are generally more expensive.

Median Monthly Disposable Salary 4,429.70 AUD

Renting a 1 bedroom apartment in city centre 1,141.35 AUD

Renting a 1 bedroom apartment outside of centre 774.82 AUD

Price per Square metre to buy an apartment in city centre 6,744.84 AUD

Price per Square metre to buy an apartment outside of centre 4,003.72 AUD

Basic utilities (electricity, gas, water, waste) 141.20 AUD

Meal at a fast food restaurant 7.19 AUD

Loaf of bread 3.14 AUD

Litre of milk 1.77 AUD

Small bottle of water 2.22 AUD

Can of coke/soft drink 2.36 AUD

Taxi (5km within centre) 15.18 AUD

Cinema ticket 18.40 AUD

Academic salaries relative to purchasing power

Overall Average Monthly Salary Figure (WB PPP$)

Overall Average Monthly Salary Figure (WB PPP$)

Overall Average Monthly Salaries Compared to GDP per Capita per Month (WB PPP$)

Overall Average Monthly Salaries Compared to GDP per Capita per Month (WB PPP$)

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