Cost of living in Richmond
Richmond, a vibrant suburb in Australia, offers a unique blend of urban living and cultural experiences. Understanding the cost of living here is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses in Richmond, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $9.76 on average, with a range between $9.76 and $32.52.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $71.54, with prices ranging from $52.03 to $117.06.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.76, with a range between $9.1 and $19.51.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.25 to $10.41, imported beer $5.2 to $11.71, cappuccino $2.6 to $4.23, and Coke/Pepsi $1.95 to $3.25.
Grocery Prices
- Milk - Milk is priced between $0.98 and $3.25 per liter, averaging $1.41.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.63 and $5.2, with an average price of $2.49.
- Eggs (Dozen) - A dozen eggs range from $2.6 to $6.24, averaging $2.93.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.63 to $9.76 per kg, while oranges range from $1.3 to $7.8 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.3 and $3.25 per kg, and lettuce costs $1.3 to $3.19 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.44 per liter.
- Taxi Fares - Taxi fares start at $3.15, with a cost of $1.22 to $1.95 per km and $25.68 to $42.27 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $26,014.01 and $28,890.51, while a Toyota Corolla ranges from $21,308.73 to $25,363.66.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $2,146.16.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2,146.16.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $80.41 and $221.12, averaging $80.41.
- Internet - Internet services range from $45.52 to $61.78, with an average cost of $51.76.
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"
Richmond offers a relatively affordable dining scene with inexpensive restaurant meals starting at $9.76.
Grocery prices are moderate, with essentials like milk and bread priced reasonably.
Transportation costs are manageable, with gasoline prices averaging $1.21 per liter.
Housing in the city centre is on the higher side, with average rents for 1-bedroom apartments at $2,146.16.
Utilities and internet services are competitively priced, contributing to a balanced cost of living.
Conclusion
Richmond, Australia, presents a diverse cost of living landscape, balancing affordable dining and grocery options with higher housing costs.
Prospective residents should consider the competitive utility and transportation expenses when planning their budget.
Overall, Richmond offers a vibrant lifestyle with a mix of affordability and quality, making it an attractive option for many.