Cost of living in Sydney

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Sydney is one of the world’s most iconic cities, host to beautiful landmarks, breathtaking natural beauty and a cosmopolitan and diverse population. All this comes at a price, however – the cost of living in Sydney is the most expensive in the country. In Mercer’s 2024 Cost of Living Survey, Sydney was ranked as the 58th most expensive city out of 226 expat destinations worldwide.

That being said, while Sydney may be the priciest and most populous city in Australia, price-conscious expats will find that there are plenty of ways to stretch their Aussie dollars.

Cost of accommodation in Sydney

Accommodation in Sydney is typically an expat’s greatest expense, particularly in the more attractive areas and suburbs and around the city centre. Those looking to save on housing expenses should search for a home further out in the suburbs.

Expats will also typically have to factor in the cost of utilities, as this is usually separated from the rental cost. This may include electricity, water and gas. Electricity can be especially costly during the hot summer months when air conditioning is necessary.

Cost of public transport in Sydney

Public transport in Sydney is well developed, making it cheap and convenient to get around the city without a car, though a private vehicle might afford expats more freedom to explore the country. With an Opal card, expats can use the city’s integrated infrastructure and save money on their commute.

Cost of groceries in Sydney

The cost of groceries in Sydney is in line with the national average, and Australian produce is high quality. Seafood lovers should head to the Sydney Fish Market, the largest fish market in the Southern Hemisphere, for inexpensive and fresh fish.

Cost of entertainment and eating out in Sydney

Many who move to the city cite the lifestyle as a key draw for Sydney. Expats on a budget should consult a local about the best places to get an affordable bite to eat. Alternatively, they can take advantage of Sydney’s wide spread of world-renowned fine-dining establishments. Thanks to the variety of options available here, expats will not struggle to find something to match their palates and wallets.

Expats looking to soak in some culture might want to visit the Sydney Opera House, while those looking to party will visit the many nightclubs at Kings Cross. These can be pricey pastimes. If looking to save rather than splurge, expats can take advantage of the country’s excellent climate, picnicking in the park, having a barbecue or visiting the Royal Botanic Gardens.

Cost of education in Sydney

Public education in Sydney is free or cheap for permanent residents, though temporary residence holders will have to pay to enrol their kids.

Faith-based schools, especially the Catholic education system, are popular in Sydney. Expats on temporary residences tend to find the fees lower than those they would have to pay for public schools.

Cost of healthcare in Sydney

While healthcare in Sydney is world-class, it comes at a price for expats. Non-residents often grapple with considerable medical costs, which can eclipse those found in many other countries. Expats must be vigilant in securing comprehensive private health insurance to avoid substantial out-of-pocket expenses for medical treatments.

Australian citizens and permanent residents in Sydney enjoy the privileges of Medicare, the country’s comprehensive public health system. This service significantly reduces healthcare expenses, offering considerable savings on medical appointments, hospital treatments and prescription medications. The funding for these services is largely drawn from the national tax system, which ensures that healthcare is both accessible and affordable for residents.