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An Overview of Cost of Living in Australia for Nepalese Students
Being international students living in Australia there are numerous expenses that you need to pay. The average monthly cost of living in Australia is NPR 147,563 excluding the rent. It includes a variety of daily expenses such as food, medical and transportation.
We have given a breakdown of the monthly living costs in Australia. Check out the major elements that contribute to your living cost.
Check out the expenses below:
| Factors | Monthly Cost in NPR | Monthly Cost in A$ |
|---|---|---|
| Rent | NPR 1.7-1.9 Lakh | A$ 2000 |
| Food & Groceries | NPR 35,000 | A$ 400 |
| Transportation | NPR 15,000-16,400 | A$ 170 |
| Phone and Internet Services | NPR 17,300 | A$ 132 |
| Other Basic Utilities | NPR 29,000 | A$ 335 |
Cost of Living in Australia: City List
According to Numbeo, the average cost of living in Australia is 234% higher than in India.
But the living cost is a highly variable factor. Your cost of living can vary from cities to towns and countryside.
While Australia is home to some of the most expensive cities in the world such as Sydney and Melbourne, it also has cities like Hobart and Townsville where the living cost is really low. If you plan to shift from Sydney to Gold Coast, your rent drops by 40%.
Your choice of city can significantly impact your living costs. So it is highly important to decide your location, considering all these factors. We have compiled a list of the most expensive and cheapest cities in Australia. This can help you figure out your destination better.
Top 5 Expensive Cities in Australia
Given below is the list of the most expensive cities in Australia. The expenses are calculated based on their average cost of accommodation, food, transportation and other utilities.
Check out the table below:
| City | Monthly Cost in NPR | Monthly Cost in A$ |
|---|---|---|
| Sydney | NPR 3.2 – 3.4 Lakh | A$ 2,623 |
| Melbourne | NPR 3.1 – 3.3 Lakh | A$ 2,367 |
| Brisbane | NPR 3.1 – 3.3 Lakh | A$ 2,363 |
| Perth | NPR 3.0 – 3.1 Lakh | A$ 2,324 |
| Canberra | NPR 3.0 – 3.1 Lakh | A$ 2,321 |
The given numbers are average figures and are given under a conversion rate of A$/NPR: 1/87.14. For the most accurate rates, we recommend that you convert the given figures under the current conversion rate.
Top 5 Cheapest Cities in Australia
Apart from the expensive cities like Melbourne and Brisbane, Australia also accommodates cheap cities such as Australia Bendigo and Wagga Wagga. This diversity makes it a reliable option for your study-abroad destination. The given figures are a sum of all major monthly expenses.
Check out the table below:
| City | Monthly Cost in NPR | Monthly Cost in A$ |
|---|---|---|
| Bendigo | NPR 1.6 Lakh | A$ 1,315 |
| Wagga Wagga | NPR 1.73 Lakh | A$ 1,361 |
| Bunbury | NPR 1.78 Lakh | A$ 1,372 |
| Shepparton | NPR 1.84 Lakh | A$ 1,391 |
| Rockhampton | NPR 1.92 Lakh | A$ 1,392 |
How to Reduce Your Living Costs in Australia?
The cost of living in foreign countries is a major concern for international students. It is important to find ways to cut down your daily expenses.
Being students you cannot opt for a remote countryside since most top universities and job opportunities are available in top cities. So, the only alternative you have is to replace your costly lifestyle with a more cost-friendly living habit. Smart budgeting, strategic decision-making and a little bit of frugal habits can help you achieve this.
We have compiled a list of practices that would help you to reduce your living costs while living in Canada.
Check out the tips below:
⦁ Accommodation: To reduce your expenses on accommodation you can consider sharing rooms. Splitting your rent with more people will help you to reduce your monthly room rent. Look for a flat outside the city centre, this can reduce the rent rates. Look for more affordable neighbourhoods or suburbs.
⦁ Transportation: Using public transport instead of private cars or bikes can cut down your expenses. You can also consider carpool or rideshares. Cycling or walking for shorter distances is also recommended.
⦁ Utilities: Be mindful of your energy usage. Try to reduce your electricity bill by reducing your consumption. Compare and opt for the most cost-friendly deals for your internet services, mobile plans and other basic utilities.
⦁ Groceries and Meals: Try to cook your meals instead of depending on outside food. Limit your habits of dining out or ordering takeouts. Plan your food early and shop accordingly. This will help you to avoid impulsive buying at the last moment.
⦁ Healthcare: You can depend on Australia’s Medicare or public health facilities rather than private healthcare facilities. Try to use the bulk-billing services for medical appointments. Compare and choose the most cost-effective health insurance plans.
⦁ Entertainment and Recreation: While relaxing and having some leisure is important, try to reduce your cost. You can explore free and less expensive entertainment such as community events or visit public parks. Look for discounts on movie tickets, gym memberships and other subscriptions. Avoid overspending on non-essential items.
⦁ Education: Opting for public universities instead of private universities will help you to reduce your tuition fees. You can also opt for public libraries and free online learning resources. ⦁ Find scholarships available for your course or university to fund your expenses. You can buy used textbooks or opt for rental services.
Financial management is crucial while studying in a foreign country. Create a budget for your monthly expenses. Try to review your expenses at the end of every month. This will help you to identify where you are overspending and will help you fix it. This will eventually help you to achieve long-term financial stability.
Remember that every individual’s lifestyle and financial situation is different. So it is important for you to tailor the given tips according to your circumstances.