Melbourne, Australia
-18% vs Melbourne avgPreston is one of the most affordable neighborhoods in Melbourne, with a cost of living index of 55.9 — that is -18% compared to the Melbourne average. Ranked #21 of 24, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around A$2,097/month, compared to a range of A$1,842 in Sunshine to A$3,325 in Toorak.
For a typical resident of Preston, housing takes up roughly 37% 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$83,892 before tax.
Salaries in Preston reflect the local cost of living. Based on the neighborhood COLI of 55.9:
After tax and deductions of 14.5% in Australia, take-home pay for someone earning A$83,892 would be roughly A$71,728/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a A$59,573 salary in Preston, Melbourne (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Preston would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $41,925 |
| London | GBP | £36,080 |
| Dubai | AED | AED 209,784 |
| 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% |
See exactly what you need to earn in Preston, Melbourne to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Preston:
Preston is one of the more affordable neighborhoods in Melbourne. It costs about -18% less than the city average, ranking #21 out of 24 neighborhoods.
The cost of living in Preston is below the Melbourne average. With a multiplier of 0.82x, everyday expenses including rent, food, and transportation are -18% compared to the city baseline.