The quality of life in Adelaide makes it one of the most ideal places to settle down in. It’s close to both the city and the coast, making it easy for residents to be in the middle of the urban action or surrounded by the peace of nature in just minutes–from wherever they may be. This is great news for anyone looking to buy an Adelaide property for sale.
Aside from this, one of the biggest pros of staying in the southern capital city is the affordable cost of living, estimated (without rent) at just over $1,360 for a single person or $4,760 for a family of four per month.
No matter what corner of the globe you’re exploring, it’s always interesting to look at real estate trends. For example, if you’re intrigued by property investments or simply curious, check out this in-depth analysis of the dramatic growth in Adelaide house prices over the last 10 years.
Is Adelaide an Affordable Place to Live?
Adelaide is a very affordable place to live, especially compared to other Australian capital cities. You can expect to spend only $1,360 for a single person and $4,760 for a family of four per month without rent.
When it comes to the Adelaide property market, in the cheapest suburbs in Adelaide to buy a home, you can also find properties for sale under $200,000. The same goes for what some might call the worst suburbs in Adelaide, which might offers less accessibility and amenities. If you’re looking for cheap units for rent in Adelaide, you can find 2-bedroom apartments for under $350 per week.
According to Numbeo, a worldwide cost of living database, consumer prices (including rent) in Adelaide are 17.65% and 6.09% lower versus Sydney and Melbourne, respectively. Meanwhile, the purchasing power of Adelaide residents is 5.22% and 5.32% higher than that of people living in Sydney and Melbourne, respectively. Investment properties in Adelaide, as well as rentals, are also less expensive in Adelaide compared to other capital cities.
Average Living Costs in Adelaide
Adelaide is known as one of the most affordable and liveable cities in Australia. Below, we’ll break down what you can expect to spend if you settle in the city.
Housing and Rent
Housing and rental prices vary in Adelaide, with properties closer to the city centre or near coastal areas commanding higher prices. As of June 2022, the median price of houses in Adelaide sits at $793,220, while units can set you back around $398,921–almost half the prices you can expect to spend in Sydney. Meanwhile, rentals average $480 weekly for houses and $380 for units.
If you’re on the hunt for cheap houses for sale in the Adelaide suburbs, explore neighbourhoods like Elizabeth Downs and Salisbury.
Utilities
Basic utilities, which include electricity, heating, cooling, water, and garbage, come out at around $300 a month (estimated for an eighty-five-metres-squared apartment). That said, Adelaide has embraced solar technology, which has significantly cut down the utility bills of locals.
So, if you’re in a green space, you can expect to spend even lower–up to $100 less. Additionally, you can expect to spend $70 on Internet bills.
Groceries
On a basic food budget, people in Adelaide can comfortably live on $90 to $130 per week.
Transportation
Adelaide has a well-connected transport system run by Adelaide Metro. You can get around the city on trains, trams, and buses, the fares of which vary depending on the time you’re getting on, any concessions you’re entitled to, and the type of ticket you’re using. A one-way ticket costs around $4, while a monthly pass for unlimited trips is $105.
Taxis start at a tariff of $5, then $2.44 is added per kilometre travelled. If you’re driving, you can expect to pay just below $2 per litre for gas.
Lifestyle
Lifestyle expenses, such as restaurants, entertainment, fitness, and shopping will vary depending on the person. Still, here are some common expenses to consider:
- Restaurant meals: $50 per person for a mid-range restaurant, $18 per person in an expensive food store
- Fitness club: $60 per month
- Cinema tickets: $18 per movie ticket
- Clothing: $30 to $120 per piece
Moving to Adelaide? Find a Property on Soho
Adelaide’s affordable cost of living, breathtaking cityscapes and coastlines, and dependable economy have made it attractive to many Australians and foreigners alike, inviting them to set roots in the city.
If you’re moving to Adelaide and are looking for a new place to call your home, check out Soho to find the best properties for you. For the full experience, download the app to get the best matches and to shortlist and save the homes that you love.
