The cost of living in Australia is, on average, 21% higher than the cost of living in the UK. And the average salary in Australia is 17.4% higher than this in the UK.
Housing, transportation, food and drink, and healthcare are the major expenses to consider when comparing the two countries. While the cost of living in Australia is generally higher than in the UK, it offers a high quality of life and a great lifestyle.
The costs of living and prices in Australia are also among the highest and are higher than in the UK. Australia, however, offers a comparable education system to the UK, higher living standards, and higher salaries. Melbourne is reported to be 25% cheaper than the UK.
Australia has a much more laid-back culture than England. Australians are known for their mate ship and easy-going attitudes. There is a strong focus on enjoying life and having a good time. This doesn't mean that Australians don't work hard, but they definitely know how to enjoy their leisure time.
Cost of Living Comparison Between Sydney and London
You would need around 11,126.0A$ (5,758.7£) in London to maintain the same standard of life that you can have with 10,000.0A$ in Sydney (assuming you rent in both cities).
The report ranks Bermuda as the most expensive country to live in. Switzerland comes second, but new entrants like Barbados, the Bahamas, and the Cayman Islands exist. Australia, thankfully, did not even crack the top ten most expensive countries to live in, coming in at number 13 with a 75.3 index.
Cost of living in London (United Kingdom) is 27% more expensive than in Sydney (Australia) How much money will you need in London? Find out with your own Salary Calculation. This comparison is based on abundant and consistent data.
Reporting that they are in far better health, more satisfied with their life, and making the top 10 in the World Happiness report Australians are clearly happier with their lifestyle down under.
Adelaide with its graceful buildings and abundant parkland is sometimes described as the most British, even English, of Australian cities.
Why UK is better than USA/Canada/Australia? The UK is a global leader in research and education. UK has more universities than any other country. It has the top academic facilities and instructor, as well as the most up-to-date technology, equipment, and resources.
So why is the cost-of-living in Australia so high? One of the major reasons is inflation. A measure for household inflation, the Consumer Price Index, or CPI, increased by 2.1% in the first quarter of this year and 5.1% annually, according to data compiled by the Australian Bureau of Statistics (ABS).
According to Expatistan, this means Australia is one of the most expensive places to live (ranked 10 out of 71). Generally, a higher cost of living means that basic expenses have become – well, expensive.
Snapshot. Australia is the most affordable country to buy and run a car in according to a UK study.
Cost of living in London (United Kingdom) is 27% more expensive than in Melbourne (Australia) How much money will you need in London? Find out with your own Salary Calculation. This comparison is based on abundant and consistent data.
Housing, transportation, food and drink, and healthcare are the major expenses to consider when comparing the two cities. While the cost of living in Sydney is generally higher than in London, it offers a high quality of life and a great lifestyle.
Number of British expats - approx. 1.2 million¹ Most popular cities for expats - Sydney, Perth, Brisbane, Melbourne and Adelaide.
West and South West London have the largest Australian populations, with recent years also seeing a growing number of expats moving further into towards the city centre to trendy Shoreditch and Hackney.
In that census, the highest concentration of Australians in the UK was recorded in south-west London, with sizeable communities in Earl's Court, Kensington, Hammersmith, Fulham, Shepherd's Bush and Putney.
The Index found the Northern Territory and Tasmania are the most welcoming states, Western Australia is the most encouraging, New South Wales is the most patient, and of course SA is the most considerate.
“Queensland's known as the Sunshine State. All those rays and the laid-back lifestyle might be among the reasons why it's Australia's happiest state,” Bayliss said.
Furthermore, Australia remains the first preference of destination for British emigration. Many UK citizens see Australia's employment opportunities, lifestyle and climate more favourably. Due to the colonial history between the two countries, many also find the culture to be very compatible with their own.
During the summer, London's parks are incredible places to relax with your family and friends. But London can't compete with Sydney's hikes, beaches, and national parks. If you want to experience nature in London, you'll probably have to book a cheap flight to Europe.
Sydney. Sydney is the most expensive city in Australia (and is ranked the 15th most expensive city worldwide), nearly double the prices of the country's second most expensive city, Melbourne—and the already high costs are still rising.
London has retained its title as the fourth most expensive location in the world for expatriates*, according to ECA International's latest Cost of Living report, while New York overtakes Hong Kong to claim the top spot.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.