Quick Answer
100,000 is a strong salary in Melbourne, placing you above roughly 86% of earners. After taxes (~23% effective rate), your take-home is approximately $6,419/month. A 1-bedroom apartment averages $1,700/month (26% of net income).
Moving to Melbourne with a 100k offer? Before you accept, it's worth understanding how local economics will affect your daily life. We've crunched the numbers on housing, food, transport, and entertainment to show you the real picture.
Melbourne (pop. 5.0 million) is moderately expensive compared to global metros, with a cost of living index of 70 (NYC = 100). Average 1-bedroom rent is $1,700/month and a monthly transit pass costs $130. It's considered a growing tech scene with a tech score of 6/10.
Market data suggests that salaries in Melbourne reflect both local demand and broader economic trends. A 100k salary should be evaluated not just against current costs, but against the city's trajectory. Is the cost of living rising faster than wages? Are new employers entering the market and pushing compensation up? These trends affect whether your salary will feel comfortable next year too.
Career progression in Melbourne follows patterns influenced by industry concentration, company types, and competitive dynamics. Your current salary of 100k is one data point in a longer trajectory. In rapidly growing sectors, professionals often see 20-30% increases within 3-5 years through a combination of raises, promotions, and strategic job changes.
Financial planning with a 100k income in Melbourne requires understanding local norms for savings, housing costs, and discretionary spending. Local financial advisors typically recommend that housing costs stay below 30% of gross income, transportation below 15%, and that at least 15-20% goes toward savings and investment. How does 100k measure up against these benchmarks in Melbourne?
The comparison between 100k and local median incomes provides important context. If you're earning significantly above the median household income in Melbourne, you likely have substantial financial flexibility. If you're near or below it, budget discipline becomes more important, and understanding where to optimize spending can make a meaningful difference.
International professionals considering Melbourne should also factor in currency exchange effects, relocation costs, and any differences in benefits structure. What's considered a standard benefit in one country (like health insurance in Europe) might need to come out of pocket in another, effectively changing the value of 100k significantly.
Is 100k a good salary in Melbourne in 2026?
100k is a very strong salary, placing you in the top 14% of earners in Melbourne. The local median salary is $58,000, so earning $100,000 puts you at the 86th percentile. After accounting for housing (average $1,700/month for a 1-bedroom), taxes, and daily costs, this salary allows for meaningful monthly savings.
How much tax will I pay on 100k in Melbourne?
On a gross salary of $100,000 in Australia, you can expect an effective tax rate of approximately 23%. This means roughly $22,967 per year goes to taxes, leaving you with a net income of about $77,033 per year ($6,419 per month). The exact amount may vary based on deductions, filing status, and local levies.
What is the average rent in Melbourne in 2026?
As of 2026, the average rent for a 1-bedroom apartment in central Melbourne is approximately $1,700 per month, while a 2-bedroom averages around $2,400 per month. On a 100k salary, a 1-bedroom rent would consume about 26% of your after-tax income, which is within the recommended 30% threshold.
How does 100k in Melbourne compare to other cities?
Purchasing power varies by city, so 100k in Melbourne is not equivalent elsewhere. Adjusted for cost of living, the same standard of living would require approximately: New York ($142,857), London ($121,429), San Francisco ($150,000). Melbourne has a purchasing power index of 82 (NYC = 100), meaning your money goes somewhat less far than in New York.
What is the cost of living in Melbourne in 2026?
Melbourne has a cost of living index of 70 (where New York = 100), making it a moderately expensive city. Key monthly costs include: rent ($1,700 for 1BR), groceries (~$360), transport ($130), and utilities (~$105). Total monthly expenses for a single professional average around $2,470 before discretionary spending.
Can I save money on 100k in Melbourne?
On 100k in Melbourne, your estimated monthly take-home pay is $6,419 after taxes. With typical expenses of $2,470/month (rent, groceries, transport, utilities, and leisure), you could potentially save around $3,949 per month ($47,388/year). This provides solid room for building an emergency fund and investing.
Last updated: 2026-02-19 | Data sources: Numbeo, OECD, Glassdoor, and local government statistics.
Disclaimer: This page uses market data and cost-of-living sources for guidance. All figures and advice are estimates, not guarantees. Local conditions and personal circumstances may vary.
