Cost of living in South Yarra
South Yarra, a vibrant suburb of Melbourne, Australia, is known for its lively atmosphere and cultural diversity. Understanding the cost of living in this area is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses in South Yarra, 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 $16.22 on average, with a range between $11.03 and $32.45.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $71.39, with prices ranging from $51.92 to $116.81.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.79, with a range between $7.79 and $11.36.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.54 to $10.38, imported beer $5.19 to $11.68, cappuccino $2.6 to $4.22, and Coke/Pepsi $1.95 to $3.24.
Grocery Prices
- Milk - Milk is priced between $0.97 and $2.27 per liter, averaging $1.41.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.62 and $5.19, with an average price of $2.48.
- Eggs (Dozen) - A dozen eggs range from $2.6 to $6.23, averaging $3.89.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.62 to $3.89 per kg, while oranges range from $1.3 to $5.19 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.3 and $3.24 per kg, and lettuce costs $1.3 to $3.24 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.6.
- Monthly Pass - A monthly pass for public transport is priced at $84.36.
- Fuel (Gasoline) - Gasoline is priced between $1.1 and $1.44 per liter.
- Taxi Fares - Taxi fares start at $3.57, with a cost of $1.43 per km and $26.32 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $973.44.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $908.54.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1557.5.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1557.5.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $97.34 and $259.58, averaging $144.77.
- Internet - Internet services range from $38.94 to $61.65, with an average cost of $38.94.
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"
South Yarra offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in South Yarra are relatively moderate, with essentials like milk and bread being affordable.
Transportation costs are reasonable, with public transport being a cost-effective option for daily commuting.
Housing in South Yarra can be expensive, particularly in the city centre, but options outside the centre offer more affordable alternatives.
Utilities and internet services are moderately priced, contributing to the overall cost of living in the area.
Conclusion
In conclusion, South Yarra presents a balanced cost of living with affordable options in dining and transportation, though housing can be a significant expense.
Prospective residents should consider their budget carefully, especially when it comes to housing, to ensure a comfortable lifestyle in this vibrant suburb.