Cost of Living
Cost of Living Table
All Australian listed prices are inclusive of local taxes. It is not customary to tip for services in Australia. To check fluctuations in exchange rates, refer to the xe.com website.
|ITEM||COST $AUD||COST $USD|
|Meal at Mcdonalds||$10.00||$6.80|
|Cappucino (or Flat White!)||$3.30||$2.24|
|Milk 1L / 33 ounce||$1.10||$0.75|
|Loaf of bread||$1.50||$1.02|
|Rice 1kg / 2.2lbs||$1.50||$1.02|
|Chicken breast 1kg/2.2lb||$9.00||$6.12|
|Ground beef 1kg/2.2lb||$12.00||$8.16|
|Single train ticket within central zone||$3.60||$2.45|
|Phone plan / month||$30.00||$20.40|
|Women's sanitary products /16 pack||$6.00||$4.08|
|Olive Oil 500g/1.1lb||$5.00||$3.40|
|Box of cereal||$4.00||$2.72|
|Coca Cola 2L/66 ouce||$3.00||$2.04|
Australian banks offer general savings accounts that allow users to deposit, withdraw and transfer money. Sydney banks are generally open Monday to Thursday 9:30am - 4:00 pm and Friday 9:30 am - 5:00 pm. Most ATMs are accessible 24 hours a day, 7 days a week. When choosing a bank or other financial institution be sure to find out if they have a branch or ATMs (Automatic Teller Machines) located at a point convenient to you. Also check if the bank charges account keeping or service fees.
When opening a local bank account, you will be required to provide 100 points of ID. You will need to provide sufficient identification such as your passport, student card, birth certificate, driver’s license, credit cards or a combination of other acceptable documents.
665 George Street
691-693 George Street
|HSBC||724-728 George Street||1300308008|
37 Ultimo Road
||Shop 1A/710 George Street||99782833|
How much money will you have?
Even though your student visa allows you to work in Sydney you should plan according to current savings projections.
Consider pooling resources
Sharing grocery bills and cooking together on occasions can be a great way to minimise ongoing costs.
Do you have travel plans?
You might want to make the most of your time in Sydney by taking advantage of the amazing local and international travel destinations, be sure to budget for this.
Break down your budget
Attempt to break down your budget by week or month and then set benchmarks.
Consider everyday expenses
Local markets offer cheaper alternatives for produce and supermarkets offer plain brand alternatives. Both of these can save you money over time.
Ask the locals
Sydney staff and instructors are not only really friendly but happy to assist in recommending places to shop and eat on a shoestring budget.