Cost of Living in Melbourne in 2026: The Real Numbers

Melbourne's cost of living reputation is better than Sydney's, and that is largely accurate on housing. On most other measures — food, transport, entertainment — the cities are comparable. Here is where your money goes in Melbourne in 2026.

Housing

Renting a two-bedroom apartment in Melbourne's inner suburbs typically costs between $500 and $700 per week. Inner East three-bedroom houses are $800 to $1,100 per week. More affordable outer suburban options exist from $400 per week for a house. Buying — median house prices in inner Melbourne are above $1.2 million; the inner east and bayside areas are higher.

Transport

Melbourne's Myki card makes public transport relatively cost-effective. Daily caps mean heavy commuters pay no more than $10.60 per day. The tram network covers the inner city comprehensively and is free in the CBD Zone 1. Driving adds petrol and CityLink toll costs; parking in the CBD is expensive but there are paid options at $20 to $40 per day in fringe locations.

Food and dining

Melbourne's food scene is exceptional by international standards, and competitive pricing means eating out is not exclusively a luxury. Neighbourhood restaurants average $25 to $40 per main course. Coffee at specialty cafes is $5 to $6.50. Weekly groceries for a family of four are $250 to $350 at mainstream supermarkets.

Lifestyle costs

Sport, arts and entertainment are well-priced relative to comparable international cities. An AFL membership, a gym, a monthly arts event and regular dining out is achievable for professional households in Melbourne without it feeling extravagant.

This article was compiled by AI from the sources linked above and screened before publishing. See our editorial standards.