Salary vs rent · Melbourne
A$70,000 salary in Melbourne: how much rent can you afford?
On A$70,000/year your monthly take-home budget (gross) is A$5,833/month. The median rent in Melbourne is A$2,300, which would take 39.4% of your income — Stretch.
Your monthly rent budget
Comfortable (25%)up to A$1,458/mo
Manageable (30%)up to A$1,750/mo
Stretch (35%)up to A$2,042/mo
Risky (45%)up to A$2,625/mo
Rent landscape in Melbourne
A$1,500
25.7% of your salary
Budget rent
A$2,300
39.4% of your salary
Typical rent
A$3,800
65.1% of your salary
High-end rent
Renters in Melbourne typically spend 23–44% of income on rent. At A$70,000/year, you have limited room to cover the median rent comfortably.
Data confidence: medium · Consumer Affairs Victoria rental data + ABS Housing Expenditure Survey 2022–23 · 2023
Other salaries in Melbourne