Is Caulfield Expensive?

Melbourne, Australia

+0% vs Melbourne avg

Living in Caulfield, Melbourne

Caulfield is a relatively affordable area in Melbourne, with a cost of living index of 68.2 — that is +0% compared to the Melbourne average. At #17 of 24, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around A$2,558/month, compared to a range of A$1,842 in Sunshine to A$3,325 in Toorak.

Monthly Budget Breakdown

For a typical resident of Caulfield, housing takes up roughly 45% 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$102,307 before tax.

Typical Salaries in Caulfield

Salaries in Caulfield reflect the local cost of living. Based on the neighborhood COLI of 68.2:

After tax and deductions of 17.3% in Australia, take-home pay for someone earning A$102,307 would be roughly A$84,608/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

68.2
COLI Index
1.00x
vs City Avg
A$2,558
Est. 1BR Rent
#17
of 24 Areas
17.3%
Total Deductions

Tax & Deductions in Caulfield

Estimated annual deductions on a A$72,681 salary in Caulfield, Melbourne (local employee).

Income Tax
17%
Total Deductions: 17.3%
Est. Take-Home: A$60,089/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Caulfield would need to be elsewhere:

City Currency Equivalent
New York USD $51,150
London GBP £44,019
Dubai AED AED 255,944

Other Neighborhoods in Melbourne

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%
Albert Park 78.4 1.15x +15%

View all 24 neighborhoods in Melbourne →

Convert Your Salary

See exactly what you need to earn in Caulfield, Melbourne to maintain your lifestyle.

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Melbourne City Comparisons

Sydney vs Melbourne

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Caulfield:

Clairemont, San Diego Old Fourth Ward, Atlanta Druid Hills, Atlanta CBD, Auckland Morningside, Edinburgh East Austin, Austin

Frequently Asked Questions

Is Caulfield expensive in Melbourne?

Caulfield is near the city average for Melbourne. Costs are about +0% vs the average, making it a mid-range neighborhood.

How does Caulfield compare to the Melbourne average?

The cost of living in Caulfield is near the Melbourne average. With a multiplier of 1.00x, everyday expenses including rent, food, and transportation are +0% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include Australian Bureau of Statistics · Australian Taxation Office · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.