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Revealed: The ten most (and least) affordable cities in Australia

Here’s where your money stretches furthest, plus where it doesn’t

Melissa Woodley
Written by
Melissa Woodley
Travel & News Editor, Time Out Australia
Castle Hill View to CBD Panorama
Photograph: Megan Mackinnon | Castle Hill, Townsville
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The cost-of-living crisis is hitting Aussies hard — but not all cities are squeezing wallets the same way. If you’re done crying every time you fill up on petrol or pay for a bag of lettuce, a new study has revealed the ten most affordable major cities in Australia where you have the most money to play with.

To compile the rankings, researchers at StandOut Resume looked at six basic life expenses in Australia’s 20 most populous cities: rent, electricity, gas, internet, grocery costs and public transport. They then compared these costs to the local median net income to reveal where your paycheque goes the furthest – but also where it barely scrapes by.

Northern Australia’s largest city, Townsville, came out as the most affordable place to live in the country. Thanks to a higher-than-average salary of $56,858 (after income tax), locals only spend around half of their earnings (51.74 per cent) on the essentials, leaving $27,442 for saving or spending on entertainment, spontaneous getaways or meals at schmick restaurants.

A couple walking down a walkway next to water
Photograph: Nico Smit via Unsplash

Rockingham in Western Australia was the second most affordable city, where essentials take up $31,815 of the $58,702 net income, leaving a solid $26,887 to play with. Launceston followed in third, with the lowest percentage of income spent on the basics (51.71 per cent), leaving $25,664 to splash on the fun stuff. A big reason for Launceston’s affordability was that it has the cheapest average rent in the study at just $331 per week, which is more than 25 per cent below the $444 study average.

Surprisingly, Melbourne – Australia’s second-most populous city – ranked as the fifth-most affordable major city nationwide. While rent, gas and public transport costs are all higher than average, the city has the second-highest median salary of $60,051 (second only to Sydney), helping to balance things out. This leaves $24,078 of their income to save or splurge.

On the flip side, the Gold Coast has earned the unfortunate title of Australia’s least affordable city to live in right now. With one of the lowest median net salaries ($48,447) and the highest percentage spent on basics (79.1 per cent), locals are left with just $10,127 a year to spare. Rent is the biggest culprit — at $536 a week, it’s the second-most expensive in Australia, after Sydney and joint with Canberra. Both these capitals also landed in the ten least affordable cities, but their higher salaries offered a bit more breathing room. You can check out the full rankings below or read more here.

The 10 most affordable cities in Australia

  1. Townsville, QLD
  2. Rockingham, WA
  3. Launceston, TAS
  4. Wollongong, NSW
  5. Melbourne, VIC
  6. Perth, WA
  7. Ballarat, VIC
  8. Hobart, TAS
  9. Brisbane, QLD
  10. Bendigo, VIC

The 10 least affordable cities in Australia

  1. Gold Coast, QLD
  2. Canberra, ACT
  3. Geelong, VIC
  4. Cairns, QLD
  5. Darwin, NT
  6. Adelaide, SA
  7. Logan City, QLD
  8. Sydney, NSW
  9. Newcastle, NSW
  10. Toowoomba, QLD

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