Melbourne, Australia
-2% vs Melbourne avgRichmond is a relatively affordable area in Melbourne, with a cost of living index of 66.8 — that is -2% compared to the Melbourne average. At #18 of 24, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around A$2,507/month, compared to a range of A$1,842 in Sunshine to A$3,325 in Toorak.
For a typical resident of Richmond, housing takes up roughly 44% 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$100,261 before tax.
Salaries in Richmond reflect the local cost of living. Based on the neighborhood COLI of 66.8:
After tax and deductions of 17.1% in Australia, take-home pay for someone earning A$100,261 would be roughly A$83,116/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a A$71,189 salary in Richmond, Melbourne (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Richmond would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $50,100 |
| London | GBP | £43,115 |
| Dubai | AED | AED 250,690 |
| 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 Richmond, Melbourne to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Richmond:
Richmond is near the city average for Melbourne. Costs are about -2% vs the average, making it a mid-range neighborhood.
The cost of living in Richmond is near the Melbourne average. With a multiplier of 0.98x, everyday expenses including rent, food, and transportation are -2% compared to the city baseline.