Average Cost Living for New Family - Page 2

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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.

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Average Cost Living for New Family - Page 2


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  #11 (permalink)  
Old 02-16-2016, 04:54 PM
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Hi. I am coming to Australia on PR. Can you please guide me on the below expenses:

1: School Fees for 1 child in Grade 1
2: Car Fuel expense average for 100km drive per week
3: 1 Bedroom,hall with Kitchen rent per month in Melbourne.
4: Electricity, water,gas, internet, phone cost average per month
5: Food expense per month (Average not very expensive hoteling)

Thanks.


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Old 03-15-2016, 12:38 PM
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Cost of living in a Regional city with & w/out Kids

Although this thread is for cost of living in major cities, I am providing living costs in a regional city so as to get a better estimate across the board.

This sample income/expense sheet has been created to give you an idea of how much saving you can expect in a year.

(Note - Figures are rounded off to nearest dollar. Figures based on costs/expenses in early 2016)

Following are the parameters and assumptions set for the calculations:

SIZE OF FAMILY : One couple in mid-30s with no kids (For expenses with kids see further below)

CITY :Townsville (Regional city in North Queensland)

INCOME


INCOME : AUD$ 1200 per week (Calculated for one single earning member. AUD$ 30 wages per Hour * 8 hour Day * 5 Day Week)

ANNUAL INCOME: AUD$ 62,400 (AUD$ 1200 per week/ 52 weeks)


ANNUAL TAX DEDUCTED: AUD$ 11,827
(Tax Slab: 0-18,200: Nil, Tax slab 18,201-37,[email protected]%: AUD$ 3,572, Tax slab 37,001-62,[email protected]%: AUD$ 8,522. Total tax: $3,572+8,522= AUD$ 11,827)

ANNUAL SALARY PRE TAX- AUD$ 62,400
ANNUAL TAX - AUD$ 11,827

ANNUAL SALARY POST TAX - AUD$ 50,573
WEEKLY SALARY AFTER TAX - AUD$ 973


EXPENSES


Rent (Two bed room Unit) - AUD$ 300 weekly (AUD$ 15,600 annually)
Electricity - AUD$ 300 Quarterly (AUD$ 1,200 annually)
Internet (Basic NBN Telstra Plan) - AUD$ 50 monthly (AUD$ 600 annually)
Mobile (Two numbers with mid level plan) - AUD$ 100 monthly (AUD$ 1200 annually)
Health Insurance (Price is calculated for cover by BUPA and based on cover for: Couple, 36 years old and 34 years old based in Queensland. Assumes no Lifetime Health Cover loading and Base Tier government rebate included. See https://www.bupa.com.au/) - AUD$ 216 monthly / AUD$ 2592 annually

Groceries - AUD$ 120 weekly / AUD$ 6240
Personal (Cosmetics, Hair and beauty, basic medicines, Sports and Gym) - AUD$ 102 weekly / AUD$ 5280 annualy

Lunches/Coffee/Take-Away's - AUD$ 75 weekly / AUD$ 3900 annually
Wine/Alcohol - AUD$ 20 weekly / AUD$ 1040 annually
Movies/Music - AUD$ 30 weekly / AUD$ 360 annually
Holidays - AUD$ 500 annually
Celebrations/Gifts - AUD$ 20 monthly / AUD$ 240 annually

Transport
Petrol - AUD$ 100 monthly / AUD$ 1200 annually
Rego/License - AUD$ 1000 Annually
Repairs/Maintenance - AUD$ 300 Annually

(Note - Being a regional town, driving around is the most convenient mode of travel)

TOTAL EXPENSES - AUD$ 41252 annually

TOTAL SAVINGS - AUD$ 9321 annually

Doesn't seem like much? Well the assumed annual salary of 62,400 is a below average figure. Generally a skilled migrant could get anywhere between 70,000-100,000 per year (Of course this will depend a lot on the industry and the skill set). Further, with two earning members in the family, the second income straight away becomes additional savings!.

EXPENSES FOR FAMILY WITH KIDS


Living costs for a family with two kids will naturally be a lot higher.

Below are some of the extra expenses you need to budget for:

SCHOOLING
Here are the education costs for one child in a local private secondary school and one in a state primary.
State Primary school
Total for state primary school (approx): AUD$ 240 per year = AUD$ 20 per month = AUD$ 5 per week
Private Secondary school
Annual Tuition Fees = AUD$ 4,600 (Year 10)
Other costs (approximate) = AUD$ 1000
================================================
Total for private secondary school:
AUD$ 5,600 per year = AUD$ 466 per month = AUD$ 116 per week.

Note: This is a "middle-tier" private school. Fees for the "top" schools can be AUD$ 12,000 per year for tuition alone.
Some private schools, especially Catholic ones, can be quite a bit cheaper.

HOBBIES, SPORTS AND FREE TIME

Family membership of the local tennis club = AUD$ 300 per year
Cub Scouts = AUD$ 250 per year
Winter kids sports (Soccer & Netball) = AUD$ 200 per year
Summer kids sports (Teeball & Surf Club) = AUD$ 200 per year
================================================== ===
The total cost of all this activity:
AUD$ 950 per year = AUD$ 79 per month = AUD$ 20 per week.


Extra expenditure over and above the Total expenses calculated in the Expense Sheet above - AUD$ 176 per week = AUD$ 9,152 per year.

Hope this helps.

A Fellow Migrant



Quote:
Originally Posted by khatib View Post
Hi Everybody,

Please provide me with average expenses that I need in major cities of Australia, including appartment rent, car rent, gasoline, Food expenses and any other expenses for a family of 2 persons plus new born baby..

Besides, what is the percentage of salary taxes in Australia?

Thanks with Best Regards,

Khatib

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http://aussie-migrant.com.au/

  #13 (permalink)  
Old 03-15-2016, 12:54 PM
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Quote:
Originally Posted by jasonrebello View Post
Fees for the "top" schools can be AUD$ 12,000 per year for tuition alone.
Some education costs from 2009, and no doubt much higher now.

The most expensive schools in each State of Australia in 2009.

VIC: Geelong Grammar in Victoria, fees for year 12 in 2009 will be about $29,000.
NSW: Shore Sydney Church of England Grammar School. $20,940 for 2009
WA: Christ Church Grammar. $17,560 for 2009
SA: Prince Alfred College. $15,117 for 2009
QLD: Brisbane Girls Grammar. $14,980 for 2009

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  #14 (permalink)  
Old 05-04-2016, 03:39 AM
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Perth, family with three kids - around $3500 a month (all bills, rent, food etc. included). Regarding the kids - education is quite expensive. At the start homeschooling seems to be the best option.


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Old 05-04-2016, 09:28 AM
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Quote:
Originally Posted by Green Koala View Post
Regarding the kids - education is quite expensive.
Except for two thirds of the countries children who are in the almost free state schools.

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Old 05-05-2016, 04:30 AM
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Quote:
Originally Posted by JandE View Post
Income tax is based on different levels of income, and not a single fixed percentage.

For the 2015-16 year:
A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $80,000 the tax will be $17,762. This is 22.2% of Taxable Income.
For a higher earner at $180,000 the tax will be $54,762. This is 30.42% of Taxable Income.
The proportion is based on total income which include $18.200? That means if the annual income is $20,000, the taxable income is 20,000*9.65%, not (20,000-18,200)*9.65%?


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Old 05-05-2016, 04:44 AM
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this is really detail. Thank you


  #18 (permalink)  
Old 05-05-2016, 05:04 AM
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Quote:
Originally Posted by leajunzhu View Post
The proportion is based on total income which include $18.200? That means if the annual income is $20,000, the taxable income is 20,000*9.65%, not (20,000-18,200)*9.65%?
The percentages i have given are worked out on each specific income.

The rates vary on tax brackets eg at Tax Rates 2015-16

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Last edited by JandE; 05-05-2016 at 05:07 AM.

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Old 05-10-2016, 01:35 PM
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Hello,Im new here and I'm in search of lots of information.As I'm not qualified to find job and get working visa and neither my husband (we do jobs that are not on SOL list-bank clerk and shop owner) I've realised that the only chance to get to Australia is through student visa.These days I'm browsing for schools and courses . I would like to know how much me and my husband can earn in part time job because this is only we would be allowed? Would it be enough to live and raise 2 kids ? Jobs we are able to do are any job....the ones we d be able to find as soon as possible...


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Old 05-11-2016, 09:04 AM
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Quote:
Originally Posted by sandrolina View Post
Hello,Im new here and I'm in search of lots of information.As I'm not qualified to find job and get working visa and neither my husband (we do jobs that are not on SOL list-bank clerk and shop owner) I've realised that the only chance to get to Australia is through student visa.These days I'm browsing for schools and courses . I would like to know how much me and my husband can earn in part time job because this is only we would be allowed? Would it be enough to live and raise 2 kids ? Jobs we are able to do are any job....the ones we d be able to find as soon as possible...
It is possible, but very difficult. However, the bigger issue you need to be aware of is that the majority of people who study in Australia have to leave afterwards. The reason being that in order to get a permanent visa you need a combination of the qualification and several years experience after getting the qualification. There are some exceptions which include accounting, engineering and nursing. However, accounting is flagged for removal from the SOL, a number of engineering occupations are flagged for removal and nursing would be VERY expensive to study in Australia

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