$180k annual salary in Sydney, how much can we save?

Go Back   Living and Working in Australia Forum With Immigration and Travel Information > Living in Australia > Cost Of Living

Cost Of Living Please use this section of the site to discuss anything to do with the cost of living in Australia. Feel free to post cost of living queries. If you have any current information on actual figures to do with the cost of rent, food, water, electricity, gas etc then it would be really helpful to our members if you could share the information here.

$180k annual salary in Sydney, how much can we save?

LinkBack Thread Tools
  #1 (permalink)  
Old 12-22-2015, 11:49 AM
Active Member
Join Date: Dec 2015
Posts: 9
Users Flag! From uk

$180k annual salary in Sydney, how much can we save?

Hi all,

I have an offer to relocate to Sydney with the Missus and our 2 kids (2 and 5).
They're offering $180k annually + 10% superannuation + $6k relocation assistance.
I do realize it's a good salary, my question is what would be my expected annual savings considering the following:

- Rent for a 3 bedroom apartment/house in Sydney, off center is fine.
- Nursery/School for 2 kids
- Missus is not working (I will probably get a 457 visa so I understand she could work)
- Utility bills
- Other expenses for a family
- 1 car

I'm obviously looking for a rough estimation.

My estimation shows $1k-$2k savings per month based on the above information, anyone has anything else?

Many thanks in advance

Reply With Quote
  #2 (permalink)  
Old 01-02-2016, 11:49 PM
Senior Member
Join Date: Jul 2015
Location: Australlia
Posts: 2,535
Users Flag! From australia

456 likes received
126 likes given
$180,000 a year is a decent income.
The estimated tax on that taxable income is $54,547
Medicare levy estimate is: $3,600

So, net of about $10,000 per month

With my style of living I could probably save over half that

But some people would need it all, plus more...

How much you save will depend a lot on your choice of house, schooling type, and lifestyle options.

I must admit, if I had $10,000 per month, I could adapt my life to spend it all

300 Application: Philippines Online 22/6/15 | Medical & Police: 17/8/15 | 600 Application Online: 20/8/15 | 600 Granted: 24/9/15 | Arrive Australia: 6/10/15 | 300 Finalisation Notification: 16/2/16 | Left Australia: 11/3/16 | 300 Granted: 14/3/16 | Enter Aus on 300: 18/3/16 | 820 Application Lodged: 14/5/16 | 820 Granted: 18/8/16 | 801 Application Eligibility Date: 14/5/18 | Est 801 date: May 2019 | Est Citizenship Eligibility: May 2023

Reply With Quote
  #3 (permalink)  
Old 01-31-2016, 11:09 PM
Active Member
Join Date: Sep 2013
Posts: 20
Users Flag! From usa

5 likes received
I am on about the same.

Salary nets out to $9493 per month take home, and our fixed expenses (rent, transportation, car insurance, utilities, groceries, etc. is about $6,700 per month (fyi, our rent for a 2 bedroom apartment in a desirable suburb in Sydney is $3900 per month).

This would leave $2793 per month, but I send home $1500 a month to cover student loans in the US, so we are left with about $1293 unaccounted for.

This is all in Australian dollars, and is on my income only. With my wife working (she is off now following the birth of our baby), we were able to have about $2,000 per month to go out an enjoy ourselves with, and could still put away about $2500 per month into savings.


Made by our Australia Immigration Timeline Software. Click here to create yours.

Reply With Quote
  #4 (permalink)  
Old 05-18-2016, 05:51 AM
Active Member
Join Date: Mar 2015
Posts: 16
Users Flag! From australia

2 likes given
Hi all

I understand the struggling of living and maintaining little ones, I try to save... but my cat is a vicious creature and make me buy expensive cat food + toys... now she is demanding a cat scratching castle and I only have two part time jobs and trying to live my life too. *sight*

Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Annual limit for 462 visa for US citizens? jodi89 Visas and immigration 8 03-25-2014 10:21 AM
Is a 75k salary enough in Sydney? latravelgal Jobs and work 2 08-25-2012 12:59 AM
Late to return from annual leave aztecer Jobs and work 1 08-09-2012 02:28 AM
Annual adjustment of fees and charges libbyc Visas and immigration 2 06-25-2012 12:52 AM

By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.

All times are GMT. The time now is 11:57 PM.

Powered by vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.