If you want to go to Australia, knowing how much it costs to live and study in Australia is crucial to your application and financial planning. There are several expenses like accommodation costs, education costs and cost of living that you might want to finance before going to Australia.
Students should be aware about the cost of studying in Australia, and how it depends on the educational provider, the level of study chosen, and the location.
NOTE: The prices listed below are merely estimates and do not take into consideration your budget or spending habits.
Accommodation Costs
- Hostels and Guesthouses – $90 to $150 per week
- Shared Rental – $95 to $215 per week
- On campus – $110 to $280 per week
- Homestay – $235 to $325 per week
- Rental – $185 to $440 per week
- Boarding schools – $11,000 to $22,000 a year
Numbeo.com keeps up with the latest costs of living in all the countries throughout the world. According to the site, in average, a one bedroom Apartment in a city center costs $1,684 while that outside of Centre costs $1,292. A three bedroom apartment costs range from $2000 to even $4000.
Education costs
The education costs vary according to your institutions tuition fees but we have compiled an average range of the yearly costs for education in Australia. The range has been differentiated according to the level of study and are listed below.
- School – $7,800 to $30,000
- English language studies – Around $300 per week depending on course length
- Vocational Education and Training (Certificates I to IV, Diploma and Advanced Diploma) – $4,000 to $22,000
- Undergraduate Bachelor Degree – $20,000 to $45,000
- Postgraduate Masters Degree – $22,000 to $50,000
- Doctoral Degree – $18,000 to $42,000
Cost of living
The average cost of living necessarily relates to food, drinks, clothing, utilities, transportations and other expenses . A family of four is estimated to have monthly costs of $6,707 and a single person’s estimated monthly costs amount to $3,747.
As of recent 2020 statistics, a 12-month cost of living for individuals in average costs the following:
- Students or Guardians – AUD$24,000
- For partners coming with you – AUD$8000
- For a child coming with you – AUD$4000
If you experience financial trouble while in Australia, talk to your institution’s international student support and student accommodation services staff for assistance. They will give you relevant advice as to how you can properly finance your living.
There are many sites that have cost of living calculators according to the different states in Australia, so if you are interested, we recommend going to the Insider Guides Cost Calculator, which we have linked below.
The image shows an approximate weekly cost of a somewhat thrifty somewhat outgoing student living in Perth.