Is Pyrmont Expensive?

Sydney, Australia

+18% vs Sydney avg

Living in Pyrmont, Sydney

Pyrmont is one of the pricier neighborhoods in Sydney, with a cost of living index of 87.9 — that is +18% compared to the Sydney average. It ranks #5 out of 24 areas by cost. Estimated rent for a one-bedroom apartment here is around A$3,689/month, compared to a range of A$2,251 in Bankstown to A$4,064 in Double Bay.

Monthly Budget Breakdown

For a typical resident of Pyrmont, housing takes up roughly 53% 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$147,550 before tax.

Typical Salaries in Pyrmont

Salaries in Pyrmont reflect the local cost of living. Based on the neighborhood COLI of 87.9:

After tax and deductions of 20.2% in Australia, take-home pay for someone earning A$147,550 would be roughly A$117,745/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

87.9
COLI Index
1.18x
vs City Avg
A$3,689
Est. 1BR Rent
#5
of 24 Areas
20.2%
Total Deductions

Tax & Deductions in Pyrmont

Estimated annual deductions on a A$93,675 salary in Pyrmont, Sydney (local employee).

Income Tax
20%
Total Deductions: 20.2%
Est. Take-Home: A$74,785/yr

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

Salary Equivalents

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

City Currency Equivalent
New York USD $65,925
London GBP £56,734
Dubai AED AED 329,875

Other Neighborhoods in Sydney

Neighborhood COLI Multiplier vs Avg
Double Bay 96.9 1.30x +30%
Mosman 95.4 1.28x +28%
CBD 93.1 1.25x +25%
Bondi 90.9 1.22x +22%
Surry Hills 85.7 1.15x +15%

View all 24 neighborhoods in Sydney →

Convert Your Salary

See exactly what you need to earn in Pyrmont, Sydney to maintain your lifestyle.

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Sydney City Comparisons

Sydney vs Melbourne

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Pyrmont:

Grünerløkka, Oslo Ullern, Oslo The Loop, Chicago Ramat HaHayal, Tel Aviv Navy Yard, Washington DC Society Hill, Philadelphia

Frequently Asked Questions

Is Pyrmont expensive in Sydney?

Yes, Pyrmont is one of the more expensive neighborhoods in Sydney. It costs about +18% more than the city average, ranking #5 out of 24 neighborhoods.

How does Pyrmont compare to the Sydney average?

The cost of living in Pyrmont is above the Sydney average. With a multiplier of 1.18x, everyday expenses including rent, food, and transportation are +18% 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.