Perth is the most expensive state in Australia after Sydney. The cost of living has grown up rapidly along with the employment boom in recent years. It is known to be one of the most livable city in the world. In terms of quality of life, Perth offers a very comfortable lifestyle and high standard of living.
Many Filipinos are reported working in Perth, mostly skilled workers. The economic boomed on mining in Perth opens its doors to great opportunities to the skilled workforce. The mining boom played an important role in boosting the incomes of Perth’s households. But to Filipinos, having a great income would mean higher chances of sending great remittances for their families back home. And what is left, is for them to budget and get through to the next pay date.
So, if you are now living in Perth and those who plans to live in Perth, may this article helps you budget what you have.
Recent study by Numbeo shows a summary of the following:
Consumer Price Index (Excl.Rent): $126.01
Rent Index : $65.16
Groceries Index : $113.56
Consumer Price Plus Rent Index: $96.72
Local Purchasing Power: $117.22
The graph shows the distribution of cost of living expenses in Perth.
Groceries have not gone up in Perth over the past four years. But it shows the highest percentage in the cost of living in Perth. Food is the basic commodity that people has a great value of expense.
Accommodation rates has been rising due to a combination of strong population growth. The median rent for a two bedroom apartment in Perth is around $350 a week. On top of moving costs, you would usually have to pay 2 weeks’ rent in advance, a security bond (equivalent to a maximum of 4 weeks rent), a bond for a cat or dog ( if you have one and are allowed to keep one under the tenancy agreement) for about $260, plus an insurance for the contents of your rented property.
The cost of eating out is relatively low compared to other parts of Australia, but the cost of drinks in Perth is quite very expensive, a 330ml can of beer in a shop will set you back $3.50 while a pint will cost about $9. A bottle of mid-range wine will cost around $18.
The cost of transportation is quite high. Fares depend on the amount of zones you are travelling through, there are 9 zones defined by cicles centred on the Perth CBD. Ranges from $1.43 for a 2-section ticket, which is meant for short, one-way journeys of up to 3.2km, to $8.25 for travel through 9 zones. Buy a SmartRider ticket which has a stored value and enables you to travel on all Transperth services- including buses, ferries and trains. It ensures the lowest fare travel. Taxi fares differ depending on day of the week and time, distance travelled, with surcharges at peak hours and during some designated holidays. There is a minimum fare of $3.90 on boarding, and $1.64 per kilometer.
Utility expense in Perth is quite high, electricity prices will rise by 4 percent and water prices by 6 percent from July this year. Concerns over the utility prices have also been raised this week after Alinta lifted gas prices. Low-income households will suffer their wages failed to match utility price hikes.
Healthcare in Perth is relatively expensive. Australia has an exceptional healthcare system and facilities, health insurance is a personal choice and you should determine your own individual requirements.
If you have higher wage, you can afford to enroll or join on any fitness centers or any sports club in Perth. Shoes and clothing are quite expensive in Perth as well.
Furthermore, make sure you receive an appropriate salary and know how to budget and for sure you will be able to enjoy the many leisure opportunities of living in Perth.