Not only is Perth one of the most desirable places to live, but it is also considered by many in Australia to be a very affordable city. Living costs in Perth are relatively low compared to other capital cities.
As a result, more and more people have flocked to this place in the state of Western Australia over the years and managed to settle in very easily, especially with the wide range of Perth rental properties that fit anyone’s needs.
Factors That Contribute to the Cost of Living in Perth
Average Salary in Perth
With so much to offer, the cost of living in Perth is in line with the local market and comfortable quality of life. The average annual earnings for most residents in Perth is nearly $70,000, which is enough for a person to manage the cost of living in the city. This information will help when reviewing our latest Perth renting guide.
Rental Prices in Perth
Rent is often the biggest monthly expense in anyone’s budget—and Perth is no different. Prices tend to increase the closer one gets to the city’s central business district, but rentals are more affordable as one moves away from the inner city.
North of the city (except in the coastal suburbs) is also more reasonable. Coastal areas, in general, attract high prices because there is always a high demand for sea views.
If you want to rent a one-bedroom property in the centre of Perth, expect to pay around $1,625 per month. The same apartment in a suburban Perth location will be approximately $1,275–this is much more affordable than the cities of Sydney and Melbourne.
Another upside here is that Perth has many safe suburbs meaning you have a wide range of choices!
For students or those who are just starting on their own, a great way to save on rental costs is to share a space with friends or family. That’s why Perth is great for international students.
When you’re ready to become a first home buyer, check out our round up of cheap houses for sale in Perth!
Utility Costs in Perth
In addition to rent, you will always need to consider utility costs, such as water, electricity, and gas. For an eighty-five square metre apartment, budget around $35 to $140 to cover the weekly cost of such utilities. If you split your utility costs with other renters, you will obviously pay less.
Food Costs in Perth
Fortunately, regardless of your tastes, preferences, or income, there is ample fresh fruit, veggies, and stores where you can get your essential staples. Currently, the four main supermarket chains operating in Perth are Woolworths, IGA, Coles, and Aldi. They all have multiple stores across the metro area, so there should be a supermarket near to wherever you choose to live.
On the other hand, if you are the sort of person who likes to eat out a lot, there is no shortage of places to eat out in the city of Perth.
To Conclude
If you are planning to relocate from another city or want to move from one area of Perth to another, the cost of living in the particular area you are interested in will be of great importance. As a result, you must carefully evaluate your income, prioritise your needs, and keep things simple, especially if you are operating on limited earnings.
On a positive note, Perth has everything you will ever need to live comfortably, luxuriously, or on a budget. Perth has something for everyone, so be sure to check out Soho’s available Perth rental listings today to find your perfect, affordable new home!
Thinking of running a business from a rental property in Perth? Take a look at our recent article.
