Cost of Living in Richmond - Updated Prices & Insights

Name: Richmond
Address: Richmond, AU

Solo nomad: Estimated monthly costs are $853 (excluding rent), and $1,981 including rent.

Family of 3: Estimated monthly costs are $2,189 (excluding rent), and $3,960 including rent.

Meal at Budget Restaurant

$9.56 A$14.64

$31.85 A$48.79

Three-Course Dinner for Two, Mid-Range

$76.9 A$118

$51.2 A$78.5

$128 A$196

Fast Food Meal (McDonalds, etc)

$9.95 A$15.25

$9.29 A$14.23

$19.9 A$30.48

Cappuccino

$3.23 A$4.95

$2.92 A$4.47

$4.61 A$7.06

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

$2.61 A$4

$1.99 A$3.05

$3.65 A$5.6

Water (0.33 liter bottle)

$2.38 A$3.65

$1.99 A$3.05

$3.32 A$5.09

Local Beer (0.5 liter draught)

$3.29 A$5.04

$9.89 A$15.15

Imported Beer (0.33 liter bottle)

$7.13 A$10.93

$5.19 A$7.95

$9.74 A$14.92

Milk (1 liter)

$1.46 A$2.23

$0.99 A$1.52

$3.2 A$4.9

White Bread (500g)

$2.65 A$4.06

$1.66 A$2.54

$3.97 A$6.08

Rice (white) (1kg)

$2.36 A$3.62

$1.2 A$1.84

$4 A$6.14

Eggs

$2.89 A$4.42

$6.92 A$10.59

Local Cheese (1kg)

$6.67 A$10.21

$5.66 A$8.67

$24.01 A$36.78

Chicken Fillets (1kg)

$6.43 A$9.86

$6.12 A$9.37

$12.23 A$18.74

Beef Round Steak (1kg)

$6.37 A$9.76

$22.95 A$35.17

Apples (1kg)

$3.17 A$4.85

$2.23 A$3.42

$9.54 A$14.62

Banana (1kg)

$2.79 A$4.28

$1.91 A$2.93

$4.46 A$6.83

Oranges (1kg)

$2.85 A$4.36

$1.79 A$2.74

$7.58 A$11.61

Tomato (1kg)

$3.93 A$6.02

$2.49 A$3.81

$8.93 A$13.67

Potato (1kg)

$2.24 A$3.44

$1.6 A$2.46

$3.84 A$5.88

Onion (1kg)

$1.92 A$2.94

$1.65 A$2.53

$2.97 A$4.55

Lettuce (1 head)

$2.16 A$3.3

$1.29 A$1.98

$3.23 A$4.95

Water (1.5 liter bottle)

$1.57 A$2.41

$0.51 A$0.78

$6.36 A$9.74

Cigarettes 20 Pack (Marlboro, Camel)

$32.64 A$50

$26.11 A$39.99

$42.43 A$65

Wine (Bottle)

$6.34 A$9.71

$19.02 A$29.14

Local Beer (0.5 liter bottle)

$4.56 A$6.99

$2.58 A$3.96

$9.7 A$14.86

Imported Beer (0.33 liter bottle)

$5.25 A$8.04

$2.98 A$4.56

$7.93 A$12.15

One-way Ticket (Public Transport)

$2.86 A$4.37

$2.08 A$3.18

$3.57 A$5.47

Public Transport Monthly Pass (Regular Price)

$56.2 A$86.1

$19.66 A$30.11

$56.2 A$86.1

Taxi Start (Normal Tariff)

$3.55 A$5.43

$3.12 A$4.78

$6.44 A$9.86

Taxi (Normal Tariff) (1km)

$1.35 A$2.07

$1.15 A$1.77

$1.84 A$2.81

Taxi 1hour Waiting (Normal Tariff)

$27.47 A$42.09

$26.05 A$39.91

$42.88 A$65.7

Gasoline (1 liter)

$1.18 A$1.8

$1.07 A$1.65

$1.39 A$2.13

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

$28.6K A$43.9K

$25.8K A$39.5K

$28.6K A$43.9K

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

$23.3K A$35.8K

$21.2K A$32.6K

$25.4K A$38.9K

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

$79.3 A$122

$257 A$393

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

$21.32 A$32.67

$12.47 A$19.1

$39.36 A$60.3

Internet (50+ Mbps, Unlimited Data)

$51.1 A$78.3

$45.06 A$69

$65.3 A$100

Gym Membership (Monthly)

$52 A$79.6

$20.78 A$31.84

$62.4 A$95.5

Tennis Court (1 Hour on Weekend)

$13.81 A$21.16

$6.87 A$10.52

$13.81 A$21.16

Cinema Ticket

$16.49 A$25.26

$13.19 A$20.21

$18.47 A$28.29

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

$1,731 A$2,652

$881 A$1,349

$2,059 A$3,154

International Primary School, 1 Child (Yearly)

$19.7K A$30.1K

$13.2K A$20.3K

$28.4K A$43.6K

Jeans (Levis 501 Or Similar)

$68.7 A$105

$32.81 A$50.3

$98.4 A$151

Summer Dress (H&M, Zara, etc)

$54.3 A$83.2

$26.45 A$40.52

$99.2 A$152

Sport Shoes (Adidas, Nike)

$99.2 A$152

$66.1 A$101

$165 A$253

Men's Leather Business Shoes

$102 A$157

$63.9 A$97.8

$160 A$245

1-bedroom Apartment, City Center (Monthly)

$1,246 A$1,908

$1,026 A$1,572

$1,315 A$2,014

1-bedroom Apartment, Outside City Center (Monthly)

$941 A$1,441

$585 A$897

$1,048 A$1,605

3-bedroom Apartment, City Center (Monthly)

$2,008 A$3,077

$1,620 A$2,481

$2,462 A$3,771

3-bedroom Apartment, Outside City Center (Monthly)

$1,545 A$2,367

$1,197 A$1,834

$1,796 A$2,751

Buy Apartment in City Center (m2)

$5,082 A$7,785

$4,077 A$6,246

$6,748 A$10.3K

Buy Apartment Outside City Center (m2)

$4,355 A$6,672

$2,954 A$4,525

$5,907 A$9,050

20-Year Fixed Mortgage Interest Rate (Annual %)

6.19

5.2

6.92

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

City tags:

Cost of Living in Richmond - Frequently Asked Questions

Richmond offers urban convenience with a distinctly livable vibe, making it a favorable pick for travelers, expats, and digital nomads who want easy access to Melbourne while staying mindful of costs. The Cost of Living in Richmond, Australia hinges on housing choice, proximity to public transport, and dining-out frequency – not as cheap as regional towns, but often more affordable than inner-city pockets. Expect a mix of modern apartments, renovated terrace homes, and short-term rental options that suit flexible schedules. Local cafes, supermarket options, and parklands support a comfortable routine without long commutes. Tip: Use transport cards on multiple trip types to optimize savings when exploring the city and beyond.

Searching for a place here starts with a clear neighborhood map – near the riverfront for a breezy vibe, or closer to Church Street for cafes and bars. Expect rental options from compact apartments to light-filled townhomes; conduct a thorough walk-through and confirm lease terms. For daily sustenance, you’ll enjoy varied dining scenes, fresh markets, and reliable grocery stores that keep cooking costs sensible without sacrificing quality. Transport is commuter-friendly: tram and bus routes connect to the CBD, with bike lanes and ride-sharing as backups. Richmond, Australia living cost varies by location and building type, so compare a few neighborhoods before committing. Tip: Build a flexible 2–3 week housing search window and track recurring expenses to refine choices.

Quality of life in Richmond comes from picking a neighborhood that matches your pace and work style. Choose hideaways near the Yarra's edge for easy outdoor breaks or closer to Chapel Street-like corridors for dining and networking. A simple budgeting framework helps: allocate shelter, essentials, and a flexible pot for experiences. Be mindful of seasonality in events and rentals, which can shift evenings and weekend plans. Save by using public transport, cooking at home, and trying flexible coworking passes to avoid long-term commitments. Tip: Build a monthly review ritual to adjust your plan as you settle into the city.