Cost of living in Canterbury-Bankstown
Canterbury-Bankstown, located in Australia, is a vibrant area known for its diverse community and rich cultural heritage. Understanding the cost of living here is crucial for anyone considering moving to or residing in this region.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $16.26 on average, with a range between $11.06 and $48.78.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $78.05, with prices ranging from $52.03 to $149.59.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.76, with a range between $9.11 and $11.71.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.55 to $9.76, imported beer $5.2 to $11.71, cappuccino $2.6 to $5, and Coke/Pepsi $1.95 to $3.25.
Grocery Prices
- Milk - Milk is priced between $1.01 and $2.37 per liter, averaging $1.77.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.56 and $3.9, with an average price of $2.73.
- Eggs (Dozen) - A dozen eggs range from $3.12 to $6.24, averaging $4.57.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.95 to $4.23 per kg, while oranges range from $1.52 to $5.85 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.3 and $3.25 per kg, and lettuce costs $1.24 to $2.93 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.5 per liter.
- Taxi Fares - Taxi fares start at $3.9, with a cost of $1.43 to $7.8 per km and $39.02 to $65.04 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $26,015.99 and $29,267.99, while a Toyota Corolla ranges from $19,511.99 to $27,967.19.
Housing Costs
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2081.28.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1821.12.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $110.57 and $390.24, averaging $192.01.
- Internet - Internet services range from $39.02 to $65.04, with an average cost of $51.69.
Cost of Living Rankings
The cost of living indices for Australia are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Australia, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Canterbury-Bankstown offers a diverse range of dining options, with prices varying significantly depending on the type of restaurant.
Grocery prices are relatively moderate, with essentials like milk, bread, and eggs being affordable.
Transportation costs are influenced by fuel prices and taxi fares, which can be high for longer distances.
Housing costs are substantial, especially for larger apartments in the city centre, but options outside the centre are slightly more affordable.
Utilities and internet services are reasonably priced, making them manageable within a typical budget.
Conclusion
In conclusion, Canterbury-Bankstown presents a varied cost of living landscape, with certain areas like dining and housing being more expensive.
Potential residents should consider their lifestyle preferences and budget constraints when planning a move to this vibrant Australian region.