The information in this section outlines the estimated cost of living for a student at the Parkville campus of the University of Melbourne, according to the type of accommodation chosen.
The costs for students studying at other campuses of the University will be similar, though rental or residential college costs are likely to be lower. However, annual transport costs will generally be higher.
Tuition fees and HECS payments are not included in estimates.
|Type of accommodation||Total weeks||Weekly Rent/Board Range||Estimated total annual living costs (rent or board and other expenses)|
Sharing Rented Premises (with 2 others)
Close to Parkville campus
Within 6km of Melbourne CBD
One bedroom - shared bathroom/kitchen
Residential Colleges (near or on campus)
First year undergraduate fee
Full board, living with a local family
The estimated total annual living costs include the following expenses:
Weekly Cost (other than Rent)
|Food and groceries||$80–$150|
|Bills (electricity, gas, water, internet)||$40–$50|
|Public transport fares||$40|
|Spending money (entertainment, clothing, gym)||$50–$80|
|General course costs (not including tuition fees)||$500–$750|
|Bond (usually 1 month's rent)||$4.333 x weekly rent|
|General furniture items (excluding whitegoods)||$450–$800|
- Tuition fees are not included in estimates and will need to be factored in to provide your true cost of living and studying
- Health insurance is not included – add if applicable
- Rental property prices vary from suburb to suburb. Check real estate websites to compare rental costs. Use online maps to check distances
- For costs related to food and grocery expenses, check online supermarket sites and compare your current weekly shopping list to the prices quoted on the sites
- The annual inflation rate in Australia is about 4%. We recommend that you add this to the above estimates when budgeting for future years
- For additional information regarding the cost of living in Melbourne, visit www.liveinvictoria.vic.gov.au
We encourage students with children to investigate the cost of childcare early. The University's Children's Services is a good starting point. Please remember that places are limited, and costs are often higher elsewhere. Book early.
Online Budget Calculators
There are a number of excellent online budget calculators to help students estimate their yearly expenses. We recommend the Money Smart budget planner site, although there are many others available on the internet.
Further information for international students:
- The above estimates are in Australian dollars (AUD$). International students who are unsure about the cost of common expenses in Melbourne should consult the Victorian government's Goods and Services price list on the 'Living in Victoria' web site. We suggest that international students compare a current or expected weekly grocery shopping list with products available via supermarket websites to get a better idea of everyday costs.
- The annual inflation rate in Australia is approximately 4%. We recommend that students add this to the above estimates when budgeting for future years.
- International students need to include the cost of health cover to their budget.