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๐Ÿ’ก Smart Analysis

Comparing Melbourne and London: Average gross pay is 6% higher in Melbourne. Cost of living is 5% cheaper in Melbourne. With higher take-home and lower expenses, Melbourne is a more financially comfortable place to live with an affordability score of 7.2/10 compared to 6.2/10.

Category Comparison
๐Ÿ‡ฆ๐Ÿ‡บ
Melbourne
๐Ÿ‡ฌ๐Ÿ‡ง
London

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
$86,000/yr
HIGHER
ยฃ81,000/yr
Junior Developer Pay
$48,000
ยฃ41,000
Mid-Level Developer Pay
$76,000
ยฃ70,000
Senior Developer Pay
$113,000
ยฃ102,000
Lead / Architect Pay
$142,000
ยฃ129,000

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
$1,800
ยฃ2,200
Rent โ€” Suburbs (1 Bed)
$1,200
ยฃ1,400
Groceries (Monthly)
$400
ยฃ450
Public Transport Pass
$110
ยฃ160
Utilities (Electricity, Internet)
$190
ยฃ200
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
$2,869/mo
CHEAPER
ยฃ3,010/mo

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
32%
20%
Social Security Deduction
0%
12%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
$4,307/mo
ยฃ4,083/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
7.2
MORE AFFORDABLE
6.2
Monthly Savings Potential
Money left over after all standard cost of living expenses
$1,438/mo
ยฃ1,073/mo
Months to Save $10,000
~7 months
~9 months
๐Ÿ‡ฆ๐Ÿ‡บ Complete Melbourne Breakdown & Charts โ†’ ๐Ÿ‡ฌ๐Ÿ‡ง Complete London Breakdown & Charts โ†’