Melbourne, Australia
+15% vs Melbourne avgAlbert Park is one of the pricier neighborhoods in Melbourne, with a cost of living index of 78.4 — that is +15% compared to the Melbourne average. It ranks #5 out of 24 areas by cost. Estimated rent for a one-bedroom apartment here is around A$2,941/month, compared to a range of A$1,842 in Sunshine to A$3,325 in Toorak.
For a typical resident of Albert Park, housing takes up roughly 52% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately A$117,653 before tax.
Salaries in Albert Park reflect the local cost of living. Based on the neighborhood COLI of 78.4:
After tax and deductions of 19.0% in Australia, take-home pay for someone earning A$117,653 would be roughly A$95,299/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a A$83,551 salary in Albert Park, Melbourne (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Albert Park would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $58,800 |
| London | GBP | £50,602 |
| Dubai | AED | AED 294,223 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Toorak | 88.7 | 1.30x | +30% |
| South Yarra | 83.2 | 1.22x | +22% |
| Brighton | 83.2 | 1.22x | +22% |
| CBD | 81.8 | 1.20x | +20% |
| Malvern | 78.4 | 1.15x | +15% |
See exactly what you need to earn in Albert Park, Melbourne to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Albert Park:
Yes, Albert Park is one of the more expensive neighborhoods in Melbourne. It costs about +15% more than the city average, ranking #5 out of 24 neighborhoods.
The cost of living in Albert Park is above the Melbourne average. With a multiplier of 1.15x, everyday expenses including rent, food, and transportation are +15% compared to the city baseline.