There is no standardized plan, however it is estimated that the living cost in Australia for an individual is roughly $20,000 per year and an average family requires more than $50,000 per year to survive.
This estimate does not include the cost of any social, sporting, or other recreation activities that
you may like to participate in, or any health or emergency fees that are not covered by your private health insurance or Overseas Student Health Cover (OSHC).
Alongside mortgages, taxes, utilities, and maintenance, housing expenses top the list. Food is the second greatest expense, followed by automobile expenses such as gas, insurance, registration, parking, and public transportation fees.
Australia provides a variety of lodging possibilities. Considering that more than 80 percent of Australia’s population resides near the coast, it is extremely possible that you will simply adore the accommodations you are provided. However, lodging prices are not always constant, as they depend on where you will live, the size of the apartment (if you will be renting), the location (urban areas are typically more expensive), whether you will be sharing an apartment or not, etc.
However, below you will find the average rate of the total living cost in Australia for each type of lodging:
* All the prices are quoted in Australian Dollar