Cost Of Living Calculator

Backed by Finance Experts

Our Cost of Living Calculator, backed by insights from Carlisle Homes’ finance experts, reflects key aspects of the Australian market. Designed to provide valuable estimates, this tool supports you in planning your budget and managing monthly expenses with confidence.

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Our finance experts are here to help you navigate the complexities of home loans and building costs. From understanding your borrowing power to comparing loan options, our team has the knowledge to guide you every step of the way.

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What is the average cost of living in Australia?

Australia's average cost of living varies depending on the city or region, lifestyle, and individual circumstances. On average, across most cities, for a single, independent person, monthly living expenses, excluding rent, ranges from $1,500 to $2,500. For families, monthly costs typically range from $4,000 to $6,000, excluding rent or mortgage payments. 

Major cities like Sydney and Melbourne tend to have higher expenses, especially regarding housing and utilities costs, while smaller cities or regional areas are generally more affordable. Key factors contributing to living costs include groceries, transportation options, healthcare, utilities, and entertainment.

How accurate is the Cost Of Living Calculator?

Our Cost Of Living Calculator uses your own financial inputs to calculate your weekly, monthly and annual budget. Therefore, the calculator is only as accurate as the data you enter. 

Can I calculate rental living costs for different cities?

Unfortunately, the calculator doesn’t use any local market rental data or CBD market rental data, so you can not compare accommodation arrangements or costs across most major cities in Australia. While it offers a helpful guide, actual costs may vary based on your specific location and lifestyle.

Does the calculator include all the utility bills?

Yes, the calculator factors in all the utility bills, such as electricity, water, and gas. These, and other additional costs like rent, groceries, and transport are included to give you a complete overview of your living costs.

How can this tool help me plan for a move?

The living calculator cost tool helps you estimate your monthly expenses, making it a handy cost-planning resource when considering moving to a new city within Australia. By inputting your anticipated costs, you can better understand what to budget for. Read more information about increasing your income.

Is this an on-demand service?

Yes, the calculator is an on-demand service that you can access anytime to estimate living expenses. Simply enter your details whenever you need to plan your budget or assess the cost of living somewhere new.