Cost of living in Double Bay
Double Bay, a picturesque suburb in Sydney, Australia, is known for its upscale lifestyle and beautiful harborside views. Understanding the cost of living in this area is crucial for anyone considering moving or traveling here.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to transportation and housing, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $16.22 on average, with a range between $11.03 and $48.67.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $77.88, with prices ranging from $51.92 to $149.26.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.73, with a range between $9.09 and $11.68.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.54 to $9.73, imported beer $5.19 to $11.68, cappuccino $2.6 to $5, and Coke/Pepsi $1.95 to $3.24.
Grocery Prices
- Milk - Milk is priced between $1.01 and $2.37 per liter, averaging $1.69.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.56 and $3.89, with an average price of $2.6.
- Eggs (Dozen) - A dozen eggs range from $3.12 to $6.23, averaging $4.37.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.95 to $4.22 per kg, while oranges range from $1.51 to $5.84 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.3 and $3.24 per kg, and lettuce costs $1.23 to $3.24 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.59 per liter.
- Taxi Fares - Taxi fares start at $3.24, with a cost of $1.43 to $7.79 per km and $38.94 to $64.9 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $25,958.38 and $29,203.18, while a Toyota Corolla ranges from $19,468.79 to $27,905.26.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is not specified in the data provided.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $110.32 and $389.38, averaging $191.58.
- Internet - Internet services range from $42.18 to $73.98, with an average cost of $51.57.
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"
Double Bay offers a luxurious lifestyle with a relatively high cost of living, especially in dining and transportation.
Grocery prices are moderate, but dining out can be expensive, particularly at mid-range restaurants.
Transportation costs are significant, with high taxi fares and fuel prices.
Utilities are reasonably priced, but housing costs are not detailed in the provided data.
Conclusion
Living in Double Bay, Australia, comes with its financial challenges, particularly in dining and transportation.
While grocery and utility costs are manageable, potential residents should prepare for higher expenses in other areas.
Overall, Double Bay offers a high-quality lifestyle, but it's essential to budget carefully to enjoy all that this beautiful suburb has to offer.