Cost of Living in Melbourne: An In-depth Overview

Australia is among the most desired countries for international students to study in. There are a lot of factors which attract young minds to this leading study destination. They include their excellent education system, globally recognised universities, acclaimed programs and much more. Additionally, tuition fees for top Melbourne universities range from AUD 16,860 to AUD 81,032, giving students umpteen options to choose from.

Table of Content

1. Analysing the Cost of Living in Melbourne
2. Accommodation
3. Food and Groceries
4. Transportation
5. Utilities and Internet
6. Health Insurance
7. Personal Expenses and Entertainment
8. Miscellaneous Expenses 

If you're considering studying in Australia, you may already know that Melbourne is one of the top cities for education in the country. Ranked 5th according to QS Best Student Cities Ranking, Melbourne is also one of the world’s most liveable cities. 

So, you might be interested in knowing how much it costs to study there right? You've come to the right spot! In this article, we will have a detailed overview of the cost of living in Melbourne for international students. So, let’s analyse the cost of living in Melbourne.
 

Analysing the Cost of Living in Melbourne

Here’s a general overview of key living expenses for international students:

1. Accommodation

Accommodation is usually the biggest living expense for international students. In Melbourne, there are several options, each varying in cost:

• University Residences: On-campus housing is a convenient option, often providing a supportive environment with facilities like internet and meals included. Prices generally range from AUD 200 to AUD 400 per week. While this option might seem more expensive, it can save money on transportation and utility bills.
   
• Shared Apartments: Renting a room in a shared apartment or house is a popular choice for students studying in Australia. Monthly rent for a room in a shared apartment usually costs between AUD 700 and AUD 1,200, depending on the location and amenities. Areas closer to the city centre, such as Carlton and Fitzroy, tend to be pricier than suburbs like Footscray or Brunswick.
   
• Private Rentals: If you prefer more independence, you can rent a private apartment. These rentals are typically more expensive, with prices ranging from AUD 1,200 to AUD 2,000 per month for a one-bedroom apartment. Utilities like electricity, water, and internet typically come with extra charges.
   

2. Food and Groceries

The cost of food in Melbourne can vary widely based on lifestyle and dietary preferences:

• Groceries: Weekly grocery bills can range from AUD 60 to AUD 120 per person. Shopping at budget supermarkets like ALDI or using local markets can help manage expenses. Staples like bread, milk, and vegetables are relatively affordable, while imported goods and speciality items can be more costly.
   
• Dining Out: Eating out at cafes and restaurants adds to the cost. A meal at an inexpensive restaurant might cost around AUD 20, while a mid-range three-course meal for two can set you back around AUD 80. For students, preparing meals at home is often a more economical choice.
   

3. Transportation

Melbourne’s public transport system is extensive and convenient. It comprises trains, trams, buses, etc.

• Cycling and Walking: For those living close to their university, cycling or walking can be a cost-effective alternative. Melbourne’s bike-sharing schemes and extensive bike paths make cycling a popular choice among students.
   
• Public Transport:-  To travel on public transport, you'll need a Myki card, which costs AUD 6 (non-refundable). The cost of travel depends on the zones you travel through. On average, students spend between AUD 40 and AUD 150 per month on public transport.
   
• Commuting by Car:- Owning a car is less common among students due to the high costs of insurance, fuel, and parking. However, if necessary, budgeting for car expenses can range from AUD 200 to AUD 500 per month, depending on usage.
   

4. Utilities and Internet

Utility bills, including electricity, gas, and water, typically amount to AUD 100 to AUD 200 per month for shared accommodation. Costs can vary based on usage and the number of people sharing the space. Monthly internet costs are around AUD 50 to AUD 80, depending on the speed and data plan chosen.
 

5. Health Insurance

When estimating the cost of education in Australia it is important to consider health insurance as international students are required to have Overseas Student Health Cover (OSHC) while studying in Australia. The cost of OSHC varies by provider but generally ranges from AUD 500 to AUD 800 per year. This insurance covers medical and hospital services, though students may still need to pay some out-of-pocket expenses for certain treatments and medications.
 

6. Personal Expenses and Entertainment

Melbourne offers a diverse range of activities and entertainment options, from cultural festivals and sporting events to dining and shopping. Personal expenses and entertainment can vary based on individual preferences:

• Social Activities: Budgeting AUD 100 to AUD 200 per month for social activities, including cinema tickets, cafes, and events, is reasonable. Melbourne’s numerous free or low-cost events and festivals provide opportunities to enjoy the city without breaking the bank.
   
• Fitness: Gym memberships cost between AUD 40 and AUD 100 per month. Students can also take advantage of university fitness facilities, which may offer discounted rates.
   

7. Miscellaneous Expenses 

Miscellaneous costs, such as clothing, mobile phone plans, and study materials, should also be factored into your budget:

• Clothing and Personal Care: Depending on your preferences, budget around AUD 50 to AUD 100 per month for clothing and personal care items.
   
• Mobile Phone Bill: Mobile phone plans vary, with costs ranging from AUD 30 to AUD 60 per month for a basic plan with data and call credits.
   
• Study Materials: Costs for textbooks and other study materials can vary greatly. On average, budgeting around AUD 100 to AUD 200 per semester is reasonable, though this can be higher for specific courses.

So, we have covered all the basic and unavoidable living expenses in this article. It is crucial that you take into account all the above-mentioned expenses while creating the budget to study in Australia. For more in-depth details on higher education in Australia, you can reach out to KC Overseas Education.

As a leading overseas education consultancy, you can get complete assistance from selecting the right university in Melbourne to the student visa application and a lot more. You can connect with our abroad education consultants in Aurangabad, Nagpur, Bhopal, Chennai, Delhi, Hyderabad or any of our branches as we have our presence in numerous cities across the nation.