Typical local-market pay: A$85,966/year (Verified ABS Employee Earnings Aug 2024 · Jobs and Skills Australia). Lifestyle equivalent of a New York $110,000 salary: A$106,598/year (COLI-scaled, not market pay). COLI rank #27 of 113.
COLI-scaled lifestyle-equivalent range for a actuary in Melbourne (NYC baseline × COLI 68.2 / 100). This is not local market pay.
Highest COLI-scaled lifestyle equivalents (not local market pay):
| City | Local market | Lifestyle equivalent | Take-Home |
|---|---|---|---|
| Zurich | CHF 64,171 | CHF 109,091 | 62% |
| Geneva | CHF 64,171 | CHF 105,704 | 58% |
| New York | $110,000 | $110,000 | 64% |
| San Francisco | $110,000 | $107,360 | 65% |
| Singapore | S$88,845 | S$125,673 | 75% |
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Try Wise for Free →Local-market pay for a actuary in Melbourne is approximately A$85,966/year (Verified · ABS Employee Earnings Aug 2024 · Jobs and Skills Australia). Separately, the lifestyle equivalent of a New York $110,000 salary is A$106,598 (COLI 68.2, NYC = 100). That equivalent is not what someone earns locally. COLI-scaled entry/senior lifestyle equivalents: A$58,145 – A$193,815.
After income tax and social contributions in Australia, a actuary in Melbourne takes home approximately 81% of their gross salary, or around $4,069/month ($48,824/year in USD equivalent).
Melbourne ranks #27 out of 113 cities on COLI-scaled lifestyle equivalent for actuarys (not local market rank). The top city on that equivalent scale is Zurich.