Cost of Living Comparison Between London and Melbourne 

Indices DifferenceInfo
Cost of Living in Melbourne is 15.7% lower than in London (without rent)
Cost of Living Including Rent in Melbourne is 30.5% lower than in London
Rent Prices in Melbourne are 49.1% lower than in London
Restaurant Prices in Melbourne are 24.8% lower than in London
Groceries Prices in Melbourne are 8.7% higher than in London
Local Purchasing Power in Melbourne is 30.1% higher than in London
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
London Edit Melbourne Edit Difference
Meal, Inexpensive Restaurant 20.00 £
(38.41 A$)
13.02 £
(25.00 A$)
     -34.9 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 £
(153.66 A$)
62.48 £
(120.00 A$)
     -21.9 %
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 £
(15.37 A$)
7.81 £
(15.00 A$)
     -2.4 %
Domestic Beer (1 pint draught) 6.50 £
(12.48 A$)
5.21 £
(10.00 A$)
     -19.9 %
Imported Beer (12 oz small bottle) 5.50 £
(10.56 A$)
5.21 £
(10.00 A$)
     -5.3 %
Cappuccino (regular) 3.63 £
(6.97 A$)
2.69 £
(5.16 A$)
     -26.0 %
Coke/Pepsi (12 oz small bottle) 2.05 £
(3.93 A$)
2.07 £
(3.97 A$)
     +1.0 %
Water (12 oz small bottle) 1.53 £
(2.95 A$)
1.86 £
(3.57 A$)
     +21.3 %
Markets
London Edit Melbourne Edit
Milk (regular), (1 gallon) 4.96 £
(9.53 A$)
4.17 £
(8.00 A$)
     -16.0 %
Loaf of Fresh White Bread (1 lb) 1.44 £
(2.77 A$)
1.83 £
(3.52 A$)
     +27.2 %
Rice (white), (1 lb) 0.92 £
(1.77 A$)
0.78 £
(1.50 A$)
     -15.0 %
Eggs (regular) (12) 3.12 £
(5.99 A$)
2.98 £
(5.72 A$)
     -4.5 %
Local Cheese (1 lb) 3.50 £
(6.72 A$)
3.43 £
(6.59 A$)
     -2.0 %
Chicken Fillets (1 lb) 3.43 £
(6.60 A$)
3.09 £
(5.93 A$)
     -10.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5.64 £
(10.83 A$)
4.75 £
(9.12 A$)
     -15.8 %
Apples (1 lb) 1.19 £
(2.28 A$)
1.05 £
(2.02 A$)
     -11.5 %
Banana (1 lb) 0.61 £
(1.18 A$)
0.90 £
(1.73 A$)
     +46.5 %
Oranges (1 lb) 1.18 £
(2.27 A$)
0.91 £
(1.75 A$)
     -23.0 %
Tomato (1 lb) 1.52 £
(2.92 A$)
1.31 £
(2.51 A$)
     -14.0 %
Potato (1 lb) 0.58 £
(1.12 A$)
0.79 £
(1.51 A$)
     +35.0 %
Onion (1 lb) 0.54 £
(1.04 A$)
0.76 £
(1.46 A$)
     +41.1 %
Lettuce (1 head) 0.99 £
(1.91 A$)
1.70 £
(3.27 A$)
     +71.8 %
Water (1.5 liter bottle) 1.31 £
(2.52 A$)
1.12 £
(2.15 A$)
     -14.6 %
Bottle of Wine (Mid-Range) 9.50 £
(18.25 A$)
9.50 £
(18.25 A$)
     +0.0 %
Domestic Beer (0.5 liter bottle) 2.09 £
(4.01 A$)
3.66 £
(7.02 A$)
     +75.2 %
Imported Beer (12 oz small bottle) 2.47 £
(4.74 A$)
4.35 £
(8.36 A$)
     +76.4 %
Cigarettes 20 Pack (Marlboro) 15.00 £
(28.81 A$)
23.43 £
(45.00 A$)
     +56.2 %
Transportation
London Edit Melbourne Edit
One-way Ticket (Local Transport) 2.80 £
(5.38 A$)
2.76 £
(5.30 A$)
     -1.5 %
Monthly Pass (Regular Price) 200.00 £
(384.14 A$)
96.53 £
(185.40 A$)
     -51.7 %
Taxi Start (Normal Tariff) 4.50 £
(8.64 A$)
2.86 £
(5.50 A$)
     -36.4 %
Taxi 1 mile (Normal Tariff) 3.22 £
(6.18 A$)
2.51 £
(4.83 A$)
     -21.9 %
Taxi 1hour Waiting (Normal Tariff) 30.00 £
(57.62 A$)
23.29 £
(44.74 A$)
     -22.4 %
Gasoline (1 gallon) 5.73 £
(11.00 A$)
3.79 £
(7.27 A$)
     -33.9 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,000.00 £
(53,780.09 A$)
21,866.83 £
(42,000.00 A$)
     -21.9 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,466.92 £
(50,835.48 A$)
17,723.98 £
(34,042.76 A$)
     -33.0 %
Utilities (Monthly)
London Edit Melbourne Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 299.28 £
(574.84 A$)
123.59 £
(237.38 A$)
     -58.7 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 15.60 £
(29.97 A$)
20.81 £
(39.97 A$)
     +33.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 30.83 £
(59.21 A$)
41.39 £
(79.50 A$)
     +34.3 %
Sports And Leisure
London Edit Melbourne Edit
Fitness Club, Monthly Fee for 1 Adult 46.20 £
(88.74 A$)
42.86 £
(82.32 A$)
     -7.2 %
Tennis Court Rent (1 Hour on Weekend) 14.35 £
(27.57 A$)
11.45 £
(22.00 A$)
     -20.2 %
Cinema, International Release, 1 Seat 15.00 £
(28.81 A$)
11.45 £
(22.00 A$)
     -23.6 %
Childcare
London Edit Melbourne Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,846.99 £
(3,547.55 A$)
1,302.49 £
(2,501.72 A$)
     -29.5 %
International Primary School, Yearly for 1 Child 20,143.18 £
(38,689.36 A$)
15,092.02 £
(28,987.50 A$)
     -25.1 %
Clothing And Shoes
London Edit Melbourne Edit
1 Pair of Jeans (Levis 501 Or Similar) 83.49 £
(160.35 A$)
62.38 £
(119.82 A$)
     -25.3 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 40.76 £
(78.29 A$)
41.07 £
(78.89 A$)
     +0.8 %
1 Pair of Nike Running Shoes (Mid-Range) 90.49 £
(173.80 A$)
82.71 £
(158.86 A$)
     -8.6 %
1 Pair of Men Leather Business Shoes 100.20 £
(192.46 A$)
89.19 £
(171.31 A$)
     -11.0 %
Rent Per Month
London Edit Melbourne Edit
Apartment (1 bedroom) in City Centre 2,146.08 £
(4,122.01 A$)
1,162.39 £
(2,232.62 A$)
     -45.8 %
Apartment (1 bedroom) Outside of Centre 1,599.25 £
(3,071.71 A$)
954.16 £
(1,832.67 A$)
     -40.3 %
Apartment (3 bedrooms) in City Centre 4,465.38 £
(8,576.74 A$)
2,145.58 £
(4,121.05 A$)
     -52.0 %
Apartment (3 bedrooms) Outside of Centre 2,882.05 £
(5,535.61 A$)
1,388.36 £
(2,666.65 A$)
     -51.8 %
Buy Apartment Price
London Edit Melbourne Edit
Price per Square Feet to Buy Apartment in City Centre 1,280.20 £
(2,458.91 A$)
517.27 £
(993.53 A$)
     -59.6 %
Price per Square Feet to Buy Apartment Outside of Centre 747.85 £
(1,436.41 A$)
414.63 £
(796.39 A$)
     -44.6 %
Salaries And Financing
London Edit Melbourne Edit
Average Monthly Net Salary (After Tax) 3,662.12 £
(7,033.89 A$)
3,311.15 £
(6,359.79 A$)
     -9.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.51 6.34      +15.2 %
Last update: June 2024June 2024
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