How expensive is it to live in Australia?
It’s challenging to advise students how much it will cost for one year of living expenses, as it depends on where a student lives and his/her lifestyle and spending habits.
Generally speaking, the cost of living in Australia is comparable to Canada. Most OzTREKK students find that living in Australia is more expensive than living in North America, especially clothing and dining out.
According to Australian Government records, the average international student in Australia spends approximately $404 AUD (based on the most recent financial requirements for a visa) per week on living expenses, and this includes international and domestic travel costs. This figure really depends on the city in which you live, whether you live on campus, just off campus or in a less expensive suburb near your university, and how frugal may or may not be in spending your cash!
As an international student in Australia, we recommend you factor in the following estimated costs:
Tuition: Know the cost per year and the cost per program in Australian dollars (as outlined on your offer letter). Note that tuition fees will increase each year of your program.
General living costs: $21,041 AUD per year. (As of October 2019, this is the financial requirement you must meet in order to receive a student visa.)
Travel: Can be up to $2700 — $3680 CAD (return airfare to/from Canada; you could also consider a one-way ticket, although this won’t be significantly less if you fly in January/February, which is peak season)
Overseas Student Health Cover (OSHC): Approximately $500 AUD for 12 months for a single person
Australian student visa application fee: $620 AUD (one-time fee, as of June 2020)
Of course, you must include things like internet, phone, clothes, activities, food, etc. Insider Guides has a very handy Cost of Living Calculator so you can choose your city and your living arrangements to get a ballpark idea of what you’ll be spending per month.