Return to Gemcell:
Click here.

Sydney living prices compared to others

August 9, 2023
Sydney living prices compared to others

We pitch Sydney up against some of the world’s most famous cities to see just how our cost of living compares.

  • Sydney goes head to head with cities across the globe
  • There are some huge differences
  • If you thought Sydney was expensive, don’t move to NYC!
  
SYDNEY vs.LondonParis
Consumer prices (without rent) ↓ 1.7%↓ 7%
Consumer prices (with rent) ↑ 7.2%↓ 14.3%
Rent prices ↑ 21.2%↓ 25.9%
Restaurant prices ↑ 16.9%↓ 8.7%
Grocery prices↓ 23.3%↓ 0.3%
For every $10k in Sydney you’d need↑ $10,600↓ $8,500
   
SYDNEY vs.New YorkMilan
Consumer prices (without rent) ↑ 19.9%↓ 11.1%
Consumer prices (with rent) ↑ 42.4%↓ 18%
Rent prices ↑ 78.2%↓ 28.9%
Restaurant prices ↑ 30.8%↑ 2.8%
Grocery prices↑ 30.1%↓ 16.4%
For every $10k in Sydney you’d need↑ $14,000↓ $8,000
   
SYDNEY vs.Barcelona
Consumer prices (without rent) ↓ 29.6%
Consumer prices (with rent) ↓ 35.9%
Rent prices ↓ 46.1%
Restaurant prices ↓ 21.1%
Grocery prices↓ 40.5%
For every $10k in Sydney you’d need↓ $6,500

Sydney vs. London

Consumer prices in London are 1.7% lower than in Sydney (without rent)
Consumer prices including rent in London are 7.2% higher than in Sydney
Rent prices in London are 21.2% higher than in Sydney
Restaurant prices in London are 16.9% higher than in Sydney
Grocery prices in London are 23.3% lower than in Sydney
Local purchasing power in London is 6.4% lower than in Sydney

Result: You’d need approx $10,600 to maintain the same standard of living in London that you currently would have with $10,000 in Sydney.

Sydney vs. Paris

Consumer prices in Paris are 7.0% lower than in Sydney (without rent)
Consumer prices including rent in Paris are 14.3% lower than in Sydney
Rent prices in Paris are 25.9% lower than in Sydney
Restaurant prices in Paris are 8.7% lower than in Sydney
Grocery prices in Paris are 0.3% lower than in Sydney
Local purchasing power in Paris is 16.1% lower than in Sydney

Result: You’d need approx $8500 to maintain the same standard of living in Paris that you currently would have with $10,000 in Sydney.

Sydney vs. New York City

Consumer prices in New York City are 19.9% higher than in Sydney (without rent)
Consumer prices including rent in New York City are 42.4% higher than in Sydney
Rent prices in New York City are 78.2% higher than in Sydney
Restaurant prices in New York City are 30.8% higher than in Sydney
Grocery prices in New York City are 30.1% higher than in Sydney
Local purchasing power in New York City is 11.4% higher than in Sydney

Result: You’d need approx $14,000 to maintain the same standard of living in New York City that you currently would have with $10,000 in Sydney.

Sydney vs. Milan

Consumer prices in Milan are 11.1% lower than in Sydney (without rent)
Consumer prices including rent in Milan are 18.0% lower than in Sydney
Rent prices in Milan are 28.9% lower than in Sydney
Restaurant prices in Milan are 2.8% higher than in Sydney
Grocery prices in Milan are 16.4% lower than in Sydney
Local purchasing power in Milan is 43.2% lower than in Sydney

Result: You’d need approx $8,000 to maintain the same standard of living in Milan that you currently would have with $10,000 in Sydney.

Sydney vs. Barcelona

Consumer prices in Barcelona are 29.6% lower than in Sydney (without rent)
Consumer prices including rent in Barcelona are 35.9% lower than in Sydney
Rent prices in Barcelona are 46.1% lower than in Sydney
Restaurant prices in Barcelona are 21.1% lower than in Sydney
Grocery prices in Barcelona are 40.5% lower than in Sydney
Local purchasing power in Barcelona is 22.9% lower than in Sydney

Result: You’d need approx $6,500 to maintain the same standard of living in Milan that you currently would have with $10,000 in Sydney.

Source: Numbeo.com

Latest

Business Continuity Planning for Electrical Contractors

Why electrical contractors need a business continuity plan to manage disruption, risk and unexpected events. [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://gemcell.com.au/news/business-continuity-planning-for-electrical-contractors/">Read More...<span class="screen-reader-text"> from Business Continuity Planning for Electrical Contractors</span></a></p>

Best Enewsletter Platforms for Electrical Businesses

For an electrician running a small, growing business, choosing the right enewsletter platform isn’t just about sending schmick-looking updates – it’s about nurturing customer relationships, winning repeat business, and saving precious time between job sites. That’s why we’ve dug deep on 10 popular platforms to see how they stack up. Whether you’re on the hunt [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://gemcell.com.au/news/finding-the-right-enewsletter-platform-for-electricians/">Read More...<span class="screen-reader-text"> from Best Enewsletter Platforms for Electrical Businesses</span></a></p>

When Should Electrical Contractors Hire a Debt Collector?

When does unpaid debt become worth chasing? Here’s what electrical contractors should consider before escalating recovery. [...]<p><a class="btn btn-secondary understrap-read-more-link" href="https://gemcell.com.au/news/when-to-hire-a-debt-collector/">Read More...<span class="screen-reader-text"> from When Should Electrical Contractors Hire a Debt Collector?</span></a></p>