Cost Of Living For a Couple in Newcastle 2024

Couple cost of living chart - average monthly expenditure in Newcastle

Average Monthly Expenditure

Currency: AUD
2,200 6,500 35,000
MINIMUM AVERAGE MAXIMUM
$1,400 $4,200 $23,000

Average monthly spending for couples in Newcastle

How much money does a couple need in a month to survive in Newcastle?

Couples in Newcastle spend around 6,500 AUD per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 2,200 AUD or as high as 35,000 AUD. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Newcastle


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Newcastle

Dining, food, and beverages costs


Fast food combo meal

6.4 AUD 13 AUD 21 AUD
MINIMUM AVERAGE MAXIMUM
$4.2 $8.4 $14

Restaurant meal for one

21 AUD 32 AUD 63 AUD
MINIMUM AVERAGE MAXIMUM
$14 $20 $41

Fine dining meal for one

42 AUD 63 AUD 250 AUD
MINIMUM AVERAGE MAXIMUM
$27 $41 $160

Cappuccino or latte

5.4 AUD 8.6 AUD 13 AUD
MINIMUM AVERAGE MAXIMUM
$3.5 $5.6 $8.4

Grocery and market costs


Milk large bottle

4.3 AUD 5.2 AUD 6.4 AUD
MINIMUM AVERAGE MAXIMUM
$2.8 $3.3 $4.2

12 eggs

3.2 AUD 4.3 AUD 6.4 AUD
MINIMUM AVERAGE MAXIMUM
$2.1 $2.8 $4.2

Fresh whole chicken

7.3 AUD 9.5 AUD 13 AUD
MINIMUM AVERAGE MAXIMUM
$4.8 $6.2 $8.7

Pack of beef

8.6 AUD 13 AUD 26 AUD
MINIMUM AVERAGE MAXIMUM
$5.6 $8.4 $17

Medium bag of rice

3.5 AUD 4.7 AUD 6.7 AUD
MINIMUM AVERAGE MAXIMUM
$2.2 $3.1 $4.4

Bag of tomatos

1.3 AUD 1.7 AUD 3.2 AUD
MINIMUM AVERAGE MAXIMUM
$0.84 $1.1 $2.1

Bag of apples

2.3 AUD 3 AUD 5 AUD
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3.2
Chart showing the prices and cost of commute, travel, and transportation in Newcastle


Commute, travel, and transportation costs


20 minutes taxi ride

5.3 AUD 6.3 AUD 13 AUD
MINIMUM AVERAGE MAXIMUM
$3.4 $4.1 $8.2

Average car full tank

32 AUD 43 AUD 86 AUD
MINIMUM AVERAGE MAXIMUM
$21 $28 $56

Average car 1-day rental

31 AUD 41 AUD 62 AUD
MINIMUM AVERAGE MAXIMUM
$20 $27 $40

Average car price

16,000 AUD 32,000 AUD 43,000 AUD
MINIMUM AVERAGE MAXIMUM
$10,000 $21,000 $28,000

Bus ticket one way

1 AUD 1.5 AUD 3.1 AUD
MINIMUM AVERAGE MAXIMUM
$0.67 $1 $2

Car Service

41 AUD 62 AUD 120 AUD
MINIMUM AVERAGE MAXIMUM
$27 $40 $80
Chart showing the prices and cost of utility, energy, water, and gas in Newcastle


Utility cost (monthly)


Utility Bill - Couple

87 AUD 290 AUD 1,900 AUD
MINIMUM AVERAGE MAXIMUM
$57 $190 $1,200

Internet and cable

32 AUD 64 AUD 86 AUD
MINIMUM AVERAGE MAXIMUM
$21 $42 $56

Mobile phone charges

26 AUD 43 AUD 130 AUD
MINIMUM AVERAGE MAXIMUM
$17 $28 $84

Leisure and activities costs


Movie ticket

16 AUD 21 AUD 32 AUD
MINIMUM AVERAGE MAXIMUM
$10 $14 $21

One month gym membership

49 AUD 62 AUD 120 AUD
MINIMUM AVERAGE MAXIMUM
$32 $40 $80
Chart showing the prices and cost of clothing and accessories in Newcastle


Cloths and accessories costs


Pair of jeans or pants

36 AUD 51 AUD 77 AUD
MINIMUM AVERAGE MAXIMUM
$24 $33 $50

Woman dress

34 AUD 48 AUD 150 AUD
MINIMUM AVERAGE MAXIMUM
$22 $31 $100

Woman shoes

33 AUD 44 AUD 100 AUD
MINIMUM AVERAGE MAXIMUM
$21 $29 $67

Men's shoes

28 AUD 34 AUD 69 AUD
MINIMUM AVERAGE MAXIMUM
$18 $22 $45

Men suit

31 AUD 39 AUD 210 AUD
MINIMUM AVERAGE MAXIMUM
$20 $25 $130

Regular t-shirt

15 AUD 21 AUD 62 AUD
MINIMUM AVERAGE MAXIMUM
$10 $13 $40
Chart showing the prices and cost of housing, accommodation, and rent in Newcastle


Housing costs / monthly rent


Studio apartment

510 AUD 770 AUD 2,100 AUD
MINIMUM AVERAGE MAXIMUM
$330 $500 $1,300

1-bedroom apartment

770 AUD 1,200 AUD 3,100 AUD
MINIMUM AVERAGE MAXIMUM
$500 $800 $2,000

2-bedroom apartment

1,000 AUD 1,500 AUD 4,100 AUD
MINIMUM AVERAGE MAXIMUM
$670 $1,000 $2,700

Housing costs / Buying


Studio apartment

100,000 AUD 150,000 AUD 310,000 AUD
MINIMUM AVERAGE MAXIMUM
$67,000 $100,000 $200,000

1-bedroom apartment

120,000 AUD 210,000 AUD 770,000 AUD
MINIMUM AVERAGE MAXIMUM
$80,000 $130,000 $500,000

2-bedroom apartment

210,000 AUD 620,000 AUD 1.2M AUD
MINIMUM AVERAGE MAXIMUM
$130,000 $400,000 $800,000
Chart showing the prices and cost of furniture in Newcastle


Furniture Costs


King Size Bed

640 AUD 810 AUD 1,100 AUD
MINIMUM AVERAGE MAXIMUM
$420 $520 $700

Double Bed

430 AUD 640 AUD 810 AUD
MINIMUM AVERAGE MAXIMUM
$280 $420 $520

Single Bed

380 AUD 500 AUD 640 AUD
MINIMUM AVERAGE MAXIMUM
$250 $320 $420

Living Room

720 AUD 920 AUD 3,200 AUD
MINIMUM AVERAGE MAXIMUM
$460 $600 $2,100

Dining Table

320 AUD 430 AUD 810 AUD
MINIMUM AVERAGE MAXIMUM
$210 $280 $520

Sofa or Couch

430 AUD 590 AUD 1,300 AUD
MINIMUM AVERAGE MAXIMUM
$280 $380 $840
Chart showing the prices and cost of electronic devices and appliances in Newcastle


Electronics and House Appliance Costs


TV Set

430 AUD 640 AUD 1,300 AUD
MINIMUM AVERAGE MAXIMUM
$280 $420 $840

Fridge or Freezer

380 AUD 590 AUD 810 AUD
MINIMUM AVERAGE MAXIMUM
$250 $380 $520

Washing Machine

500 AUD 720 AUD 1,300 AUD
MINIMUM AVERAGE MAXIMUM
$320 $460 $840

Stove or Cooker

460 AUD 590 AUD 810 AUD
MINIMUM AVERAGE MAXIMUM
$300 $380 $520

Mobile Phone

540 AUD 640 AUD 920 AUD
MINIMUM AVERAGE MAXIMUM
$350 $420 $600

Laptop or Computer

590 AUD 720 AUD 1,300 AUD
MINIMUM AVERAGE MAXIMUM
$380 $460 $840
Couple cost of living and expenditure to income ratio in Newcastle

Couple expenditure to income ratio in Newcastle

Analysing the how affordable it is for couples to live in Newcastle

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Couples usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a couple of four ranges between 70% to 80%.


Spending to Income Ratio

72%

64% to 80%

( expenditure / income ) x 100


Couples in Newcastle spend around 72% of their monthly income. Some couples spend as low as 64% of their income while some as high as 80%.

Distribution of monthly cost of living expenses of a couple in Newcastle

How do couples spend their money in Newcastle?

We asked thousands of couples about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for couples

Accomodation Cost29%

29% of total expenses on average (22% to 39%)

LOW$480   740 AUD
AVERAGE$1,400   2,200 AUD
HIGH$7,700   12,000 AUD
Per Month

Couples in Newcastle typically spend from 22% to 39% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 2,200 AUD with expenditure ranging from 740 AUD to 12,000 AUD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for couples

Cost of utilities7%

7% of total expenses on average (5% to 11%)

LOW$57   87 AUD
AVERAGE$190   290 AUD
HIGH$1,200   1,900 AUD
Per Month

Utility expenditure like electricity, water, and gas in Newcastle ranges from 5% to 11% of total expenses with 7% being the average for most couples. The average monthly cost of utilities is 290 AUD with 87 AUD and 1,900 AUD being the upper and lower limits for a couple of four.

Transport, fuel, and commute expenditure for couples

Cost of transport and fuel10%

10% of total expenses on average (4% to 15%)

LOW$170   260 AUD
AVERAGE$510   790 AUD
HIGH$2,700   4,200 AUD
Per Month

Fuel consumption and cost of transport depend heavily on whether a couple resides near school and work, but roughly speaking a couple would expect to spend from 260 AUD to 4,200 AUD in a month on commuting with 790 AUD being the norm for most couples. This means that money spent on transport constitutes about 10% of total spending on average but can go as low as 4% or as high as 15%.

Food, groceries, and basic shopping expenditure for couples

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW$200   310 AUD
AVERAGE$590   920 AUD
HIGH$3,200   4,900 AUD
Per Month

The average outlay on groceries and basic houshold items for a typical couple in a month in Newcastle is 920 AUD. The cost of groceries can range between 310 AUD to 4,900 AUD. Couples spend on average about 16% on food and groceries with upper and lower bounds of 11% and 21% respectively.

Healthcare and medical services expenditure for couples

Cost of healthcare13%

13% of total expenses on average (7% to 17%)

LOW$160   240 AUD
AVERAGE$470   720 AUD
HIGH$2,500   3,800 AUD
Per Month

Couples in Newcastle allocate 7% to 17% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 13%. The range of medical expenses range from 240 AUD to 3,800 AUD with 720 AUD being the norm for most couples.

Leisure and shopping expenditure for couples

Cost of leisure and shopping4%

4% of total expenses on average (2% to 7%)

LOW$85   130 AUD
AVERAGE$250   390 AUD
HIGH$1,400   2,100 AUD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 130 AUD to 2,100 AUD with 390 AUD being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 4% for most couples.

Education and schooling expenditure for couples

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$28   44 AUD
AVERAGE$85   130 AUD
HIGH$450   700 AUD
Per Month

Spending on education can vary drastically between different couples. On average, education constitutes 2% of the monthly expenditure of couples with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 130 AUD per month with 44 AUD being the minimum spent amount and 700 AUD being the maximum.

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$240   370 AUD
AVERAGE$720   1,100 AUD
HIGH$3,900   5,900 AUD
Per Month
Percentage of couples who manage to save money from their income every month in Newcastle

What percentage of couples in Newcastle are able to save money and how much can they save?


Percentage of couples that reported their ability to save money


Saving Money
63%
Not Saving
37%

Almost 63% of surveyed couples in Newcastle said that they can save some money at the end of each month while 37% reported that they have to utilize their whole income to survive.


Couple savings to income ratio in Newcastle

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do couples manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

10% 18% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

910 AUD
$590
2,700 AUD
$1,800
15,000 AUD
$9,400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%34%
10% - 20%25%
20% - 30%19%
30% - 40%10%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Couples that are able to save money can put anywhere from 10% to 28% of their monthly income to their savings, with 18% being the average for most couples. The average monthly amount of money that couples can put aside is 2,700 AUD with 910 AUD and 15,000 AUD being the minimum and maximum respectively.

Reasons that make it difficult for couples to save money in Newcastle

Saving Challenges in Newcastle

Reasons that make it difficult for couples to save money

We wanted to understand what is stopping couples from maximizing their savings in Newcastle. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the couples said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of couples blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do couples choose to put their savings in Newcastle

Typical saving choices for couples in Newcastle

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for couples to live in Newcastle

Affordable living in Newcastle

Income and cost of living compatibility

We asked couples one simple question and recorded their answers.

Is it affordable or economical to live in Newcastle?


Yes
71%
No
29%

Around 71% of surveyed couples think that living in Newcastle is affordable with proper budgeting while 29% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for couples. Are there plenty of low-cost options in Newcastle

Low-cost alternatives in Newcastle

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked couples how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options56%

Few low-cost options44%


Based on the survey, 56% of the couples living in Newcastle have no problem finding low-cost alternatives to support a frugal lifestyle while 44% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Couples

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked couples of Newcastle whether they have an emergency fund and the answers were as follows.

Yes69%

No31%


Based on the survey, 31% of the couples living in Newcastle said that they don't have an emergency fund while 69% said that they do.

Financial literacy and difficulty in budgeting and financial planning for couples in Newcastle

Financial Literacy in Australia

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy73%


We asked couple guardians and parents in Newcastle whether they acquired any adequate personal financial training in their lives. Approximately 27% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 73% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether couples of Australia have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 27% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 73% said that they have everything under control.

Struggles with finance27%

Easily manages finances73%

Financial goals and targets of couples living in Newcastle

Financial goals of couples in Newcastle

In an attempt to understand the economic situation in Newcastle, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction36%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses10%
Financial Independence7%

Around 7% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of couples who are in debt in Newcastle

Debt, loans, and mortgages in Newcastle


Percentage of couples who are in debt


In Debt
26%
Debt Free
74%

According to the survey, 26% of the couples in Newcastle have some kind of debt, loan, mortgage, or credit card payments while 74% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Newcastle

Debt-to-income ratio in Newcastle

Debt to income ratio

26%

17% to 34%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 26% of a couple's monthly income in Newcastle goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Newcastle pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Newcastle

Debt% People
Real Estate Mortgage12%
Auto Loan20%
Student Loan3%
Credit Card26%
Personal Loan39%

12% of debtors in Newcastle confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Newcastle.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Newcastle

Besides measuring the loan-to-income ratio, we asked couples of Newcastle how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never54%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Newcastle

Housing costs, accommodation, and housing affordability in Newcastle

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Newcastle

Monthly Rent Prices

Studio apartment monthly rent cost

510 AUD 770 AUD 2,100 AUD
MINIMUM AVERAGE MAXIMUM
$330 $500 $1,300

1-bedroom apartment monthly rent cost

770 AUD 1,200 AUD 3,100 AUD
MINIMUM AVERAGE MAXIMUM
$500 $800 $2,000

2-bedroom apartment monthly rent cost

1,000 AUD 1,500 AUD 4,100 AUD
MINIMUM AVERAGE MAXIMUM
$670 $1,000 $2,700

3-bedroom apartment monthly rent cost

1,200 AUD 2,100 AUD 5,600 AUD
MINIMUM AVERAGE MAXIMUM
$800 $1,300 $3,600

Furnished apartment monthly rent cost

2,500 AUD 6,200 AUD 12,000 AUD
MINIMUM AVERAGE MAXIMUM
$1,600 $4,000 $8,000

Townhouse monthly rent cost

2,100 AUD 3,100 AUD 8,800 AUD
MINIMUM AVERAGE MAXIMUM
$1,300 $2,000 $5,700

House monthly rent cost

2,500 AUD 6,200 AUD 12,000 AUD
MINIMUM AVERAGE MAXIMUM
$1,600 $4,000 $8,000

Villa monthly rent cost

3,100 AUD 7,700 AUD 12,000 AUD
MINIMUM AVERAGE MAXIMUM
$2,000 $5,000 $8,000

The monthly rental cost of a studio apartment in Newcastle ranges between 510 AUD and 2,100 AUD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 770 AUD to 3,100 AUD. Two-bedroom rentals rate ranges between 1,000 AUD and 4,100 AUD per month. The monthly rental for a three-bedroom apartment ranges from 1,200 AUD to 5,600 AUD. The average rent of a townhouse in Newcastle is around 3,100 AUD while house rental costs can be as high as 6,200 AUD per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,100 AUD to 12,000 AUD per month.



Apartment and house prices in Newcastle

Cost of buying a property

Studio apartment price

100,000 AUD 150,000 AUD 310,000 AUD
MINIMUM AVERAGE MAXIMUM
$67,000 $100,000 $200,000

1-bedroom apartment price

120,000 AUD 210,000 AUD 770,000 AUD
MINIMUM AVERAGE MAXIMUM
$80,000 $130,000 $500,000

2-bedroom apartment price

210,000 AUD 620,000 AUD 1.2M AUD
MINIMUM AVERAGE MAXIMUM
$130,000 $400,000 $800,000

3-bedroom apartment price

690,000 AUD 1M AUD 3.1M AUD
MINIMUM AVERAGE MAXIMUM
$450,000 $670,000 $2M

Townhouse price

880,000 AUD 2.1M AUD 7.7M AUD
MINIMUM AVERAGE MAXIMUM
$570,000 $1.3M $5M

House price

1M AUD 6.2M AUD 8.8M AUD
MINIMUM AVERAGE MAXIMUM
$670,000 $4M $5.7M

Villa price

1.2M AUD 6.9M AUD 10M AUD
MINIMUM AVERAGE MAXIMUM
$800,000 $4.5M $6.7M

The average price of a studio apartment in Newcastle can range from 100,000 AUD to 310,000 AUD depending on location. One bedroom cost can be anywhere from 120,000 AUD to 770,000 AUD. A villa can cost you 6.9M AUD on average with prices ranging from 1.2M AUD to 10M AUD.


If you're leasing or purchasing, housing costs in Newcastle will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


38 x113 monthly income 196
MINIMUM AVERAGE MAXIMUM

Property prices in Newcastle can be x113 to x196 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x113 multiples of the average monthly salary in Newcastle.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 29% of income 38%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Newcastle is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 20% to 38% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
27%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.1%
AVERAGE
3.1%
TO
4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


8.7 AUD 110 AUD 1,100 AUD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Newcastle

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Newcastle

Utility Bill Cost / Electricity + Water + Gas / Couple

87 AUD 290 AUD 1,900 AUD
MINIMUM AVERAGE MAXIMUM
$57 $190 $1,200

Internet and cable cost

32 AUD 64 AUD 86 AUD
MINIMUM AVERAGE MAXIMUM
$21 $42 $56

Mobile phone bill and charges

26 AUD 43 AUD 130 AUD
MINIMUM AVERAGE MAXIMUM
$17 $28 $84

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of couples is around 290 AUD. The cost of internet and WiFi ranges from 32 AUD to 86 AUD with 64 AUD being the average internet bill. Finally, the average monthly mobile charges is around 43 AUD but can range between 26 AUD and 130 AUD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


1.8% 4.6% of income 8.2%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Newcastle is around 4.6%. This means that people pay 4.6% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.8% to 8.2% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Newcastle

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Newcastle

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

6.4 AUD 13 AUD 21 AUD
MINIMUM AVERAGE MAXIMUM
$4.2 $8.4 $14

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Newcastle is approximatly 13 AUD with meal cost ranging from 6.4 AUD to 21 AUD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

21 AUD 32 AUD 63 AUD
MINIMUM AVERAGE MAXIMUM
$14 $20 $41

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 21 AUD and 63 AUD with 32 AUD being the average price of a plate for one person at a regular restaurant in Newcastle.

Fine dining meal for one price

42 AUD 63 AUD 250 AUD
MINIMUM AVERAGE MAXIMUM
$27 $41 $160

The price range of a meal at fine-dining restaurant is 42 AUD to 250 AUD with the average cost being 63 AUD for one person. This is what you would expect to pay a top-tier diner in Newcastle.

Beverage prices, cappuccino, latte etc..

5.4 AUD 8.6 AUD 13 AUD
MINIMUM AVERAGE MAXIMUM
$3.5 $5.6 $8.4

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Newcastle is around 8.6 AUD. Price ranges between 5.4 AUD and 13 AUD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

4.3 AUD 5.2 AUD 6.4 AUD
MINIMUM AVERAGE MAXIMUM
$2.8 $3.3 $4.2

The average price of a large bottle of milk in Newcastle is 5.2 AUD. The maximum what you would pay for milk is 6.4 AUD and the minimum being 4.3 AUD depending on the brand of milk and other properties.

12 eggs price

3.2 AUD 4.3 AUD 6.4 AUD
MINIMUM AVERAGE MAXIMUM
$2.1 $2.8 $4.2

A dozen eggs costs around 4.3 AUD on average with 3.2 AUD and 6.4 AUD being the lower and upper limits respectively.

Fresh whole chicken price

7.3 AUD 9.5 AUD 13 AUD
MINIMUM AVERAGE MAXIMUM
$4.8 $6.2 $8.7

The price range of a fresh whole chicken in Newcastle is between 7.3 AUD and 13 AUD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 9.5 AUD.

Pack of beef price

8.6 AUD 13 AUD 26 AUD
MINIMUM AVERAGE MAXIMUM
$5.6 $8.4 $17

The price of a regular pack of beef or meat is around 13 AUD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.5 AUD 4.7 AUD 6.7 AUD
MINIMUM AVERAGE MAXIMUM
$2.2 $3.1 $4.4

A bag of rice in Newcastle costs around 4.7 AUD on average with prices rangeing between 3.5 AUD and 6.7 AUD depending on the brand and quality.

Bag of tomatos price

1.3 AUD 1.7 AUD 3.2 AUD
MINIMUM AVERAGE MAXIMUM
$0.84 $1.1 $2.1

A bag of tomatoes costs anywhere from 1.3 AUD to 3.2 AUD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.3 AUD 3 AUD 5 AUD
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3.2

A bag of apples costs 3 AUD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


16% 23% of income 28%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Newcastle is around 23%. This means that couples spend 23% of their income on grocery and basic household items. The expenditure can range from 16% to 28% depending on salary and location.


Expenditure on food and grocery for couples

Couples' spending on grocery ranges from 310 AUD to 4,900 AUD with the location, income, and size of the couple being the most determinite factors.

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