Cost of Living Comparison Between Richmond and Melbourne Cost of Living Comparison Between Richmond and Melbourne

Monthly Cost of Living

Monthly costs for one person with rent: $1,991 in Richmond versus $2,465 in Melbourne.

Estimated couple costs with rent: $2,960 in Richmond versus $3,636 in Melbourne.

Monthly costs for a family of three with rent: $3,929 in Richmond versus $4,806 in Melbourne.

Living in Richmond costs roughly 19% less than in Melbourne, driven mainly by Eating Out.

Both cities are pricier than the global median: Richmond 49% above, Melbourne 84% above.

Meal at Budget Restaurant

$9.51 A$13.31

$19.34 A$27.07

-50.83%

Three-Course Dinner for Two, Mid-Range

$76.8 A$107

$78.4 A$110

-2.05%

Fast Food Meal (McDonalds, etc)

$9.56 A$13.38

$10.03 A$14.04

-4.69%

Cappuccino

$3.16 A$4.43

$3.62 A$5.07

-12.71%

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

$2.61 A$3.65

$2.61 A$3.66

Water (0.33 liter bottle)

$2.26 A$3.17

$2.31 A$3.23

-2.16%

Local Beer (0.5 liter draught)

$3.29 A$4.61

$7.43 A$10.40

-55.72%

Imported Beer (0.33 liter bottle)

$7.24 A$10.13

$7.20 A$10.07

0.56%

Milk (1 liter)

$1.45 A$2.03

$1.46 A$2.04

-0.68%

White Bread (500g)

$2.66 A$3.72

Rice (white) (1kg)

$2.32 A$3.24

$2.32 A$3.25

Eggs

$2.95 A$4.13

$4.68 A$6.56

-36.97%

Local Cheese (1kg)

$6.40 A$8.95

$9.20 A$12.87

-30.43%

Chicken Fillets (1kg)

$6.59 A$9.23

$9.36 A$13.10

-29.59%

Beef Round Steak (1kg)

$6.36 A$8.91

$14.69 A$20.56

-56.71%

Apples (1kg)

$3.17 A$4.44

$3.21 A$4.49

-1.25%

Banana (1kg)

$2.77 A$3.87

$2.78 A$3.90

-0.36%

Oranges (1kg)

$3.01 A$4.21

$2.96 A$4.14

1.69%

Tomato (1kg)

$4.04 A$5.66

$4.09 A$5.73

-1.22%

Potato (1kg)

$2.26 A$3.16

$2.70 A$3.78

-16.30%

Onion (1kg)

$1.93 A$2.70

$2.35 A$3.29

-17.87%

Lettuce (1 head)

$2.14 A$2.99

$2.21 A$3.10

-3.17%

Water (1.5 liter bottle)

$1.58 A$2.21

$1.66 A$2.32

-4.82%

Cigarettes 20 Pack (Marlboro, Camel)

$32.63 A$45.69

$32.79 A$45.91

-0.49%

Wine (Bottle)

$7.05 A$9.87

$14.59 A$20.42

-51.68%

Local Beer (0.5 liter bottle)

$4.60 A$6.45

$4.72 A$6.61

-2.54%

Imported Beer (0.33 liter bottle)

$5.20 A$7.28

$5.09 A$7.13

2.16%

One-way Ticket (Public Transport)

$2.53 A$3.55

$3.61 A$5.05

-29.92%

Public Transport Monthly Pass (Regular Price)

$65.5 A$91.7

$118 A$165

-44.31%

Taxi Start (Normal Tariff)

$3.55 A$4.97

$3.68 A$5.15

-3.53%

Taxi (Normal Tariff) (1km)

$1.40 A$1.97

$1.39 A$1.95

0.72%

Taxi 1hour Waiting (Normal Tariff)

$26.79 A$37.50

$27.58 A$38.61

-2.86%

Gasoline (1 liter)

$1.18 A$1.66

$1.19 A$1.66

-0.84%

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

$28.8K A$40.3K

$29.3K A$41.0K

-1.83%

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

$23.1K A$32.3K

$23.7K A$33.2K

-2.57%

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

$80.6 A$113

$152 A$212

-46.84%

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

$20.88 A$29.23

$21.15 A$29.62

-1.28%

Internet (50+ Mbps, Unlimited Data)

$51.2 A$71.7

$49.94 A$69.9

2.58%

Gym Membership (Monthly)

$49.22 A$68.9

$49.19 A$68.9

0.06%

Tennis Court (1 Hour on Weekend)

$15.96 A$22.34

$16.15 A$22.62

-1.18%

Cinema Ticket

$16.31 A$22.84

$15.99 A$22.38

2.00%

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

$1,756 A$2,458

-0.01%

International Primary School, 1 Child (Yearly)

$19.4K A$27.1K

$19.2K A$26.9K

0.88%

Jeans (Levis 501 Or Similar)

$67.9 A$95.1

$66.9 A$93.6

1.62%

Summer Dress (H&M, Zara, etc)

$53.9 A$75.5

Sport Shoes (Adidas, Nike)

$99.2 A$139

$106 A$148

-6.38%

Men's Leather Business Shoes

$105 A$148

$103 A$144

2.40%

1-bedroom Apartment, City Center (Monthly)

$1,277 A$1,788

$1,568 A$2,196

-18.59%

1-bedroom Apartment, Outside City Center (Monthly)

$1,065 A$1,491

$1,183 A$1,656

-9.93%

3-bedroom Apartment, City Center (Monthly)

$2,026 A$2,836

$3,038 A$4,254

-33.33%

3-bedroom Apartment, Outside City Center (Monthly)

$1,658 A$2,322

$2,022 A$2,831

-17.99%

Buy Apartment in City Center (m2)

$6,234 A$8,728

$7,557 A$10.6K

-17.50%

Buy Apartment Outside City Center (m2)

$5,188 A$7,264

$6,527 A$9,138

-20.51%

Average Monthly Net Salary (After Tax)

$4,490 A$6,287

20-Year Fixed Mortgage Interest Rate (Annual %)

6.19

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

Last update for Richmond: April 27, 2026

Last update for Melbourne: April 25, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,277 in Richmond and $1,568 in Melbourne. Housing cost is often the main lever when comparing two cities.

Dining out: $77.0 in Richmond vs $78.0 in Melbourne for a mid-range dinner for two. Groceries echo the gap at $284 vs $357 per month, with Richmond 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

Richmond vs Melbourne: Cost of Living - Frequently Asked Questions

Richmond and Melbourne differ by about 24% in total monthly costs ($1,991 vs $2,465 including rent). Richmond is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $2,987 in Richmond and $3,698 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: $1,277 in Richmond versus $1,568 in Melbourne. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,756 in Richmond versus $1,756 in Melbourne. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 26% higher in Melbourne. For households that cook at home regularly, that difference adds up over a month.

At $1,991 in Richmond versus $2,465 in Melbourne, a $2,000 budget is realistic in Richmond but tight or insufficient in Melbourne. The gap between the two cities makes Richmond 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, Richmond 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 Richmond gentler on the wallet – expenses run 24% less than in Melbourne. Beyond cost, consider language, visa policies, and how big the international community is in each city.