Salary guide · AU
What salary do you need to live in Melbourne?
Rent in Melbourne ranges from A$1,500 to A$3,800/month. The salary you need depends on which tier you're aiming for. Despite the numbers, the median Melbourne renter spends 32% of income on rent — above the 30% guideline — because many earn less than the "comfortable" threshold.
Salary thresholds for Melbourne
Afford the cheapest 10% of rentals (A$1,500/mo) spending 35% of income
Tight but possible in budget-end areas
Afford median rent (A$2,300/mo) at the recommended 30% rule
Standard benchmark for financial stability
Afford upper-tier rent (A$3,800/mo) spending 25% of income
Room for savings and lifestyle spending
How Melbourne renters actually spend
Source: Consumer Affairs Victoria rental data + ABS Housing Expenditure Survey 2022–23 · 2023
Context: Melbourne median income
The "comfortable" salary threshold (A$92,000/yr) is 24% above the city median income — explaining why housing costs are a pressure point for many local residents.
Frequently asked questions
What is the minimum salary to live in Melbourne?
To afford budget-level accommodation (bottom 10% of the market, around A$1,500/month) without spending more than 35% of income on rent, you need roughly A$51,429/year gross.
What salary do you need to live comfortably in Melbourne?
Financial advisors typically recommend spending no more than 30% of gross income on rent. At Melbourne's median rent of A$2,300/month, that requires a gross annual salary of at least A$92,000.
Is A$74,000/year enough to live in Melbourne?
The city median income of A$74,000/year is below the A$92,000 needed to comfortably afford median rent at 30%. This is why 32% of Melbourne renters spend more than the 30% guideline on housing.
Explore specific salaries in Melbourne
Profession guides for Melbourne