Top 10 Cheapest City in Australia in 2024: Experts List

Why Choose Australia for Living in 2024?

• High Quality of Life: Australia consistently ranks high in global quality of life indices, offering excellent healthcare, education, and a balanced lifestyle with ample leisure opportunities.

• Strong Economy and Job Opportunities: Australia boasts a robust and diverse economy, with plentiful job opportunities in healthcare, IT, engineering, and skilled trades.

• Beautiful Natural Environment: From stunning beaches and national parks to unique wildlife, Australia offers breathtaking natural beauty and numerous outdoor activities.

• Cultural Diversity and Inclusiveness: Australia is a multicultural society that embraces diversity, making it a welcoming environment for people from various backgrounds.

• World-Class Education: Australia is home to some of the world's top universities and educational institutions, providing high-quality education for students of all ages.

• Safe and Stable Environment: Australia is known for its low crime rates, political stability, and overall safety, making it an ideal place for families and individuals.

Top 10 Cheapest City in Australia: Affordable Living Down Under in 2024

The country of Australia is one of the most developed nations in the world and is popular globally for its tall living standards, natural beauty, and energetic cities. Nevertheless, such privileges are frequently associated with certain costs. Specifically for individuals interested in living in Australia without draining their pockets, discovering the least expensive cities is decisive. This guide is aimed to target students, professionals and anyone who wants to switch locations but you are basically on a tight budget, it will assist in identifying the ten Cheapest City in Australia in 2024.

Also Read: Expression of Interest Australia: Expert Guide & Tips 2024

Understanding the Cost of Living in Australia

As mentioned earlier, considerable differences exist in living costs between one city in Australia and another. Some known measures to pay for living include shelter, transportation, energy, and miscellaneous expenses, including health and food. Although cities such as Sydney and Melbourne are considered easy on the pocket regarding rent and housing prices, other cities are cheaper and more livable than Sydney or Melbourne. These cities can be considered as the cheapest ones to live in, providing good options.

Latest Facts and News

• Housing Market Trends: Australia's housing market shows signs of cooling in 2024, potentially improving affordability in the Cheapest City in Australia.

• Government Initiatives: Efforts are underway to increase housing supply in major cities, including the Cheapest City in Australia.

• Remote Work: There is rising interest in regional areas due to remote work opportunities, making the Cheapest City in Australia even more attractive.

• Sustainable Urban Development: Increased focus on sustainable urban development in affordable cities, including the Cheapest City in Australia.

Top 10 Cheapest City in Australia for 2024

With these factors in mind, let's explore the top 10 Cheapest City in Australia for 2024, where you can enjoy an affordable yet fulfilling lifestyle.

1. Adelaide: The Affordable Festival City

It should also be noted that Adelaide is one of Australia's least expensive large cities. The living expenses in Adelaide are relatively cheaper than in Sydney and Melbourne for rent and other necessities. It is among the most affordable cities in the Australian continent.

• Living Costs: The average rent for a one-bedroom apartment in the city centre is around AUD 1,200 per month.

• Key Attractions: Known for its vibrant arts scene, numerous festivals, and beautiful parklands.

• Job Market: Strong in healthcare, education, and manufacturing sectors.

2. Hobart: Tasmania's Budget-Friendly Capital

Hobart also has the advantages of being naturally beautiful and centrally located whilst being significantly cheaper than the mainland cities. It is one of the most affordable cities in Australia, and any visitor can consider it a destination.

• Cost Comparison: Living costs are approximately 20% lower than in Sydney.

• Unique Aspects: Stunning landscapes, historic architecture, and a burgeoning food and wine scene.

• Education and Employment: Growing sectors include tourism, education, and healthcare.

3. Perth: Western Australia's Economic Hub

It’s known that Perth has rather low prices on goods and services compared to other Australian cities, although it is one of the biggest cities in the country with high facilities.

• Living Expenses: The average monthly rent for a one-bedroom apartment in the city centre is around AUD 1,500.

• Lifestyle: Known for its beaches, outdoor lifestyle, and vibrant cultural scene.

• Job Opportunities: Key industries include mining, oil and gas, and technology.

4. Brisbane: Sunshine and Savings

Brisbane has a good number of universities, good weather, and reasonably cheap accommodation for both the students and the working employees. It is among the topmost budget-friendly cities in Australia.

• Cost of Living: The average monthly rent for a one-bedroom apartment in the city centre is about AUD 1,700.

• Climate and Lifestyle: Warm climate, outdoor activities, and a laid-back atmosphere.

• Education and Career: Strong education sector and a growing technology industry.

Also Read: Immigration To Australia: Everything You Need To Know

5. Gold Coast: Affordable Beachside Living

Gold Coast is well-known for the beaches and people are mostly laid back, they can get anything just like Sydney or Melbourne but for a cheaper price. On a relative scale, it is one of the most affordable cities to live in Australia.

• Living Costs: The average monthly rent for a one-bedroom apartment in the city centre is around AUD 1,800.

• Recreational Benefits: Surfing, theme parks, and a vibrant nightlife.

• Employment Sectors: Tourism, education, and health services are key employers.

6. Canberra: Affordable Capital City Living

Surprisingly, Canberra, Australia’s capital, is an affordable city, with good quality of services and high demand for work, making it one of the Cheapest City in Australia.

• Cost of Living: The average rent for a one-bedroom apartment in the city centre is about AUD 1,600 per month.

• Government Jobs: Numerous opportunities in public administration and government services.

• Educational Institutions: Home to top universities and research centres.

Also Read: How to Apply for Jobs in Australia from India? Latest Guide

7. Bendigo: Regional Victorian Gem

Housing is relatively cheaper due to the availability of open land, which has a rather historical and cultural background; hence, those looking forward to a slower pace of life should opt to move to Bendigo. And although Australia is not among the cheapest countries in the world, Brisbane ranks among the Cheapest City in Australia.

• Living Expenses: Lower than in major cities, with average rent for a one-bedroom apartment around AUD 900 per month.

• Cultural Scene: Historic buildings, museums, and galleries.

• Local Industries: Health care, education, and manufacturing are prominent.

8. Wagga Wagga: Inland NSW Affordability

Wagga Wagga is an inland city that itemizes a very high quality of life in what is affordable, especially for families and the young working class. It is among the most affordable cities in Australia.

• Cost Breakdown: The average rent for a one-bedroom apartment is about AUD 800 per month.

• Community Lifestyle: Strong sense of community, good schools, and local amenities.

• Career Opportunities: Agriculture, education, and health services dominate the local job market.

9. Bunbury: Western Australia's Affordable Coast

Bunbury is an economical city situated at an exquisite location near the sea coupled with advancing business activities, hence it is one of the Cheapest City in Australia.

• Living Costs: The average rent for a one-bedroom apartment is approximately AUD 1,000 per month.

• Coastal Lifestyle: Beaches, water sports, and a relaxed atmosphere.

• Local Economy: Key sectors include mining, agriculture, and retail.

10. Rockhampton: Queensland's Affordable Beef Capital

Rockhampton offers a low cost of living with a unique blend of rural charm and urban convenience. It's among the Cheapest City in Australia.

• Cost of Living: The average rent for a one-bedroom apartment is about AUD 900 per month.

• Unique Aspects: Known as the beef capital of Australia, with a strong agricultural industry.

• Employment Opportunities: Agriculture, education, and health services are key sectors.

Also Read: Apply Working Visa in Australia: Types, Benefits, Process

Cheapest City in Australia Cost Comparison Table

Here is a table showcasing the average living costs in some of the major cities in Australia: 

Factors Contributing to Affordability in These Australian Cities

Several factors contribute to the affordability of these cities, including:

• Housing Market Trends: That way, renting and buying property for a home in the Cheapest City in Australia are now within affordable prices due to the cooling down of the Australian housing market in the year 2024. As for the stabilization of costs, one can also point to the consequences of the activity of state programs for the construction of new apartments.

• Local Economy and Job Markets: Many cities have employment openings in different industries, making these cities diverse. Hence, Adelaide and Perth have good healthcare and technology establishments, and cities like Bendigo and Rockhampton have strong agricultural and manufacturing fields. These factors magnify the attractiveness of the Cheapest City in Australia.

• Government Initiatives and Policies: Social warmth mechanisms that have fortunately affected the affordability of the cities mentioned earlier include government efforts meant to enhance housing and accommodation, support regional growth, and foster the sustainable development of urbanization. Measures that enhanced the methods of telecommuting have also pushed people to choose regional regions as perfect and inexpensive, making these places some of the cheapest in Australia.

Tips for Budget Living in Australia's Affordable Cities

Living in the Cheapest City in Australia can be made even more affordable with some practical tips:

• Finding Affordable Accommodation:

  • Shared Housing: Consider renting a room in a shared house or apartment to save on costs.

  • Student Accommodation: If you’re a student, look for university-provided accommodation or student housing options.

  • Suburban Living: Explore suburbs further from the city centre but still have good transport links.

• Saving on Transportation Costs:

  • Public Transport: Utilize public transportation options like buses, trains, and trams.

  • Cycling and Walking: Many Australian cities are bike-friendly, making cycling a viable and cost-effective option.

  • Carpooling: Share rides with colleagues or friends to reduce fuel and maintenance costs.

• Budget-Friendly Lifestyle Hacks:

  • Local Markets: Shop at local markets for fresh produce at lower prices than supermarkets.

  • Home Cooking: Cook meals instead of eating out to save money.

  • Free Activities: Take advantage of free or low-cost recreational activities like hiking, beach outings, and community events.

Read More: Why Choose Australia Over Other Countries? 6 Top Reasons

Wrapping it Up

Australia has friendly priced cities that meet the needs of different lifestyles, areas of employment and interests. This is because whether you are a fan of the metropolitan ambience of Brisbane or the peacefulness of Bendigo, there is always a budget deal to capture. It is also important to consider the cheap cities in Australia regarding your particular requirements, occupation opportunities, and desired quality of life.

To learn more about the cheapest city in Australia and find easier ways to immigrate to Australia, you must contact TerraTern right away. With over a hundred services and an expert team, TerraTern is your go-to for all your immigration needs!