The cost of living in Australia is, on average, 21% higher than the cost of living in the UK. And the average salary in Australia is 17.4% higher than this in the UK.
Housing, transportation, food and drink, and healthcare are the major expenses to consider when comparing the two countries. While the cost of living in Australia is generally higher than in the UK, it offers a high quality of life and a great lifestyle.
The cost of living is also high in Australia, particularly in the major cities. However, salaries tend to be higher than in England, so there is more room for growth. There are fewer variations of jobs in the country, with limited industries. This can make it difficult to move up the career ladder.
Cost of living in Melbourne (Australia) is 21% cheaper than in London (United Kingdom) How much money will you need in Melbourne? Find out with your own Salary Calculation. This comparison is based on abundant and consistent data.
One of the most attractive things of moving to Australia from the UK is the lifestyle, but how much does this really cost? The cost of living in Australia vs the UK is actually fairly comparable, with Australia coming out on top in some key areas such as salaries and meals out.
Do you need a visa? If you're making a permanent move to the UK and you're planning on working there then yes, you need a visa. However, it's worth mentioning that Australians can live in the UK visa-free for up to 6 months if they are going there as a tourist.
Queensland, known as the Sunshine State of Australia, offers a captivating allure if you are a Brit seeking a sun-soaked lifestyle. With its stunning landscapes, vibrant cities, and abundant outdoor activities, Queensland has become a favoured destination for those longing for an idyllic coastal lifestyle in Australia.
Some people claim to be able to live on an annual salary of £20k in London. However, this will require a lot of economising to make ends meet. In 2023, it seems borderline impossible. The most important consideration, again, is rent.
General living expenses
It's thought that a single person living in London will need around £1,500 per month to cover their living expenses and just over £1,200 in Manchester. However, with the pandemic pushing inflation to a 10-year high, the cost of general living expenses is rising sharply.
Average Salary In Australia
The national minimum wage in Australia is currently $18.29/hour (£9.95/hour). This is comparable to the national minimum wage in the UK, which stands at £7.83/hour.
Australia is an ever-popular location for British people looking to relocate. With a much warmer climate and a better quality of life, it's clear why over 1.2 million Brits have chosen to make the move each year.
Australia is generally considered to be more expensive than the UK. Because of Australia's location in the world, much of the food has to be imported, therefore increasing the cost. You can see the difference in the price of everyday grocery items between Australia and the UK in the chart below.
Is living in Australia worth it? Absolutely. Australia is a fantastic place to live, even for foreigners. There aren't only advantages to living in Australia, but they outweigh the disadvantages.
When moving to the UK from Australia, you need to be in possession of a valid passport. You also need to acquire a Visa. The type of Visa you select will depend on your reason for moving to the UK and your intentions in terms of working or studying in the United Kingdom.
The cost of living measures how much money it takes to buy necessary items. Climate change, corporate profiteering, and global supply chain issues have each driven up the cost of living in Australia. Housing costs, groceries, and recreational activities like travel are 2023's biggest expenses.
The report ranks Bermuda as the most expensive country to live in. Switzerland comes second, but new entrants like Barbados, the Bahamas, and the Cayman Islands exist. Australia, thankfully, did not even crack the top ten most expensive countries to live in, coming in at number 13 with a 75.3 index.
In the year ending March 2019, the average (median) annual household income in each quintile after housing costs were paid was: top quintile: £49,000. second highest quintile: £31,600. middle quintile: £23,300.
What is a good salary in the UK? Between £2,500 and £3,000 is considered to be an ideal monthly net income in the UK. That salary could support a comfortable life in a city, including a two-bedroom flat, entertainment and leisure.
Earning a 50k salary in the UK can generally be considered a good income that allows for a comfortable lifestyle. It provides the means to cover living costs, including housing, utilities, transportation, and leisure activities. Additionally, it allows for saving towards long-term goals and financial security.
As of September 2022, the London Living Wage rate is calculated £11.95 per hour. For the rest of the UK, it's £10.90 per hour. There's a significant difference between this rate and the government's national living wage of £9.50 per hour (£9.18 for under 23 year olds), previously known as the national minimum wage.
As a rough estimate, a salary of around £50,000 to £60,000 per year can provide a relatively comfortable lifestyle in the London, considering the higher cost of living compared to other regions in the UK.
“Queensland's known as the Sunshine State. All those rays and the laid-back lifestyle might be among the reasons why it's Australia's happiest state,” Bayliss said.
Adelaide with its graceful buildings and abundant parkland is sometimes described as the most British, even English, of Australian cities.