Cost of Living Comparison Between Canterbury-Bankstown and Melbourne Cost of Living Comparison Between Canterbury-Bankstown and Melbourne

Monthly Cost of Living

Monthly costs for one person with rent: $2,257 in Canterbury-Bankstown versus $2,420 in Melbourne.

Estimated couple costs with rent: $3,304 in Canterbury-Bankstown versus $3,592 in Melbourne.

Monthly costs for a family of three with rent: $4,351 in Canterbury-Bankstown versus $4,765 in Melbourne.

Living in Canterbury-Bankstown costs roughly 7% less than in Melbourne, driven mainly by Getting Around.

Both cities are pricier than the global median: Canterbury-Bankstown 69% above, Melbourne 81% above.

Meal at Budget Restaurant

$16.37 A$23.44

$19.36 A$27.71

-15.44%

Three-Course Dinner for Two, Mid-Range

$78.4 A$112

$77.5 A$111

1.21%

Fast Food Meal (McDonalds, etc)

$9.77 A$13.99

$9.85 A$14.10

-0.81%

Cappuccino

$3.32 A$4.76

$3.73 A$5.33

-10.99%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.45 A$3.51

$2.62 A$3.75

-6.49%

Water (0.33 liter bottle)

$2.00 A$2.86

$2.28 A$3.27

-12.28%

Local Beer (0.5 liter draught)

$6.48 A$9.28

$7.36 A$10.53

-11.96%

Imported Beer (0.33 liter bottle)

$7.33 A$10.50

$6.94 A$9.93

5.62%

Milk (1 liter)

$1.63 A$2.33

$1.50 A$2.14

8.67%

White Bread (500g)

$2.79 A$4.00

$2.58 A$3.69

8.14%

Rice (white) (1kg)

$1.84 A$2.63

$2.34 A$3.35

-21.37%

Eggs

$5.07 A$7.25

$4.85 A$6.95

4.54%

Local Cheese (1kg)

$8.94 A$12.79

$8.72 A$12.49

2.52%

Chicken Fillets (1kg)

$8.34 A$11.94

$9.26 A$13.26

-9.94%

Beef Round Steak (1kg)

$14.91 A$21.34

$14.58 A$20.88

2.26%

Apples (1kg)

$3.35 A$4.80

$3.32 A$4.75

0.90%

Banana (1kg)

$2.97 A$4.26

$2.81 A$4.03

5.69%

Oranges (1kg)

$3.12 A$4.46

$3.00 A$4.30

4.00%

Tomato (1kg)

$4.83 A$6.91

$3.98 A$5.70

21.36%

Potato (1kg)

$2.35 A$3.36

$2.67 A$3.82

-11.99%

Onion (1kg)

$2.34 A$3.36

$2.23 A$3.20

4.93%

Lettuce (1 head)

$2.12 A$3.04

$2.19 A$3.14

-3.20%

Water (1.5 liter bottle)

$1.25 A$1.79

$1.64 A$2.35

-23.78%

Cigarettes 20 Pack (Marlboro, Camel)

$30.37 A$43.48

$31.95 A$45.74

-4.95%

Wine (Bottle)

$13.62 A$19.51

$13.92 A$19.93

-2.16%

Local Beer (0.5 liter bottle)

$5.09 A$7.29

$4.67 A$6.69

8.99%

Imported Beer (0.33 liter bottle)

$5.39 A$7.72

$5.04 A$7.21

6.94%

One-way Ticket (Public Transport)

$2.62 A$3.75

$3.50 A$5.01

-25.14%

Public Transport Monthly Pass (Regular Price)

$65.2 A$93.3

$121 A$173

-45.98%

Taxi Start (Normal Tariff)

$4.00 A$5.72

$3.56 A$5.10

12.36%

Taxi (Normal Tariff) (1km)

$1.63 A$2.33

$1.40 A$2.01

16.43%

Taxi 1hour Waiting (Normal Tariff)

$41.37 A$59.2

$27.50 A$39.37

50.44%

Gasoline (1 liter)

$1.20 A$1.72

$1.15 A$1.64

4.35%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$29.1K A$41.7K

$29.2K A$41.8K

-0.22%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$22.4K A$32.0K

$23.0K A$32.9K

-2.47%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$202 A$289

$154 A$220

31.00%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$30.21 A$43.25

$20.93 A$29.97

44.34%

Internet (50+ Mbps, Unlimited Data)

$53.1 A$76.0

$51.4 A$73.7

3.13%

Gym Membership (Monthly)

$48.45 A$69.4

$48.89 A$70.0

-0.90%

Tennis Court (1 Hour on Weekend)

$15.57 A$22.29

$16.24 A$23.25

-4.13%

Cinema Ticket

$15.34 A$21.96

$15.97 A$22.87

-3.94%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,756 A$2,514

$1,765 A$2,527

-0.51%

International Primary School, 1 Child (Yearly)

$13.4K A$19.2K

$19.5K A$27.9K

-31.11%

Jeans (Levis 501 Or Similar)

$71.5 A$102

$67.0 A$96.0

6.67%

Summer Dress (H&M, Zara, etc)

$58.2 A$83.4

$54.5 A$78.0

6.96%

Sport Shoes (Adidas, Nike)

$105 A$150

$106 A$151

-0.99%

Men's Leather Business Shoes

$133 A$191

$104 A$148

28.50%

1-bedroom Apartment, City Center (Monthly)

$1,244 A$1,781

$1,575 A$2,255

-21.03%

1-bedroom Apartment, Outside City Center (Monthly)

$1,085 A$1,553

$1,206 A$1,726

-10.02%

3-bedroom Apartment, City Center (Monthly)

$2,000 A$2,863

$3,041 A$4,354

-34.23%

3-bedroom Apartment, Outside City Center (Monthly)

$1,675 A$2,398

$2,022 A$2,895

-17.15%

Buy Apartment in City Center (m2)

$6,537 A$9,359

$7,077 A$10.1K

-7.63%

Buy Apartment Outside City Center (m2)

$4,655 A$6,665

$6,420 A$9,192

-27.49%

Average Monthly Net Salary (After Tax)

$4,398 A$6,297

20-Year Fixed Mortgage Interest Rate (Annual %)

6.29

6.19

1.62%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Canterbury-Bankstown: July 13, 2026

Last update for Melbourne: July 14, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,244 in Canterbury-Bankstown and $1,575 in Melbourne. Housing cost is often the main lever when comparing two cities.

Dining out: $78.0 in Canterbury-Bankstown vs $77.0 in Melbourne for a mid-range dinner for two. Groceries echo the gap at $355 vs $353 per month, with Melbourne cheaper across the board.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Canterbury-Bankstown vs Melbourne: Cost of Living - Frequently Asked Questions

Canterbury-Bankstown and Melbourne differ by about 7% in total monthly costs ($2,257 vs $2,420 including rent). Canterbury-Bankstown is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $3,385 in Canterbury-Bankstown and $3,630 in Melbourne to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,244 in Canterbury-Bankstown versus $1,575 in Melbourne. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Canterbury-Bankstown – a meal for two runs $78.0 versus $77.0 in Melbourne. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,257 per month in Canterbury-Bankstown versus $2,420 in Melbourne – a 7% gap that adds up to real savings over time for anyone picking the cheaper option.

At $2,257 in Canterbury-Bankstown versus $2,420 in Melbourne, a $3,000 budget is realistic in Canterbury-Bankstown but tight or insufficient in Melbourne. The gap between the two cities makes Canterbury-Bankstown the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Canterbury-Bankstown and Melbourne are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Canterbury-Bankstown gentler on the wallet – expenses run 7% less than in Melbourne. Beyond cost, consider language, visa policies, and how big the international community is in each city.