Economic Indicators

GDP per Capita (PPP)$72,111 (2024)
Inflation Rate3.2% (2024)
Health Spend per Capita$6,980 (2023)
Out-of-Pocket Health Spend15.8% (2023)
Education Spend (% GDP)5.1% (2022)
Source: World Bank Open Data

The cost of living in Perth is generally considered to be moderate to expensive, with a daily budget of $80-150 USD per day for a mid-range traveler, depending on individual preferences and exchange rates.

Quick Facts

Cost LevelModerate
Daily Budget (Backpacker)$60-100 USD
Daily Budget (Mid-Range)$80-150 USD
Daily Budget (Comfort)$150-250 USD
CurrencyAUD
Tipping Customnot expected

How Expensive Is Perth?

Perth is the largest city in Western Australia and is known for its high standard of living, which comes with a corresponding higher cost of living. Compared to other major cities in Australia, Perth is generally more expensive than Adelaide and Brisbane, but less expensive than Sydney and Melbourne. The city's remote location and limited competition in certain industries contribute to higher prices for some goods and services. However, the city's strong economy, driven by the mining and energy sectors, means that many residents have a high disposable income, which can make it easier to afford the cost of living.

In comparison to other cities around the world, Perth is generally more expensive than many cities in Asia and Europe, but less expensive than many cities in North America. The cost of living in Perth is similar to that of other major cities in Australia, with the exception of Sydney and Melbourne, which are generally more expensive. Overall, Perth offers a high standard of living and a unique cultural experience, but it does come with a higher price tag.

Accommodation Prices

TypePrice Range (USD/night)Notes
Hostel/Budget$20-40typical quality, shared facilities
Mid-Range Hotel$80-150what to expect, 3-4 star hotel
Luxury/Resort$200-400what to expect, 5 star hotel, amenities
Apartment Rent (monthly)$1,000-2,500city center vs outside, 1-3 bedrooms

Food & Dining Prices

Meal TypePrice Range (USD)
Street Food / Local Eatery$10-20
Casual Restaurant$20-40
Mid-Range Restaurant (2 people)$40-80
Fine Dining$100-200
Beer (local)$5-10
Coffee$3-5
Water (1.5L bottle)$2-3

Transport Costs

TransportCost (USD)
Local bus/metro ride$2-5
Taxi (per km)$2-5
Domestic flight$100-300
Fuel (per liter)$1-2

Monthly Budget Breakdown

CategoryBudget ($)Mid-Range ($)Comfortable ($)
Rent800-1,2001,200-2,0002,000-3,000
Food500-800800-1,2001,200-1,800
Transport100-200200-300300-500
Utilities100-200200-300300-500
Entertainment200-400400-600600-1,000
Total2,200-3,8003,800-6,1006,100-9,300

Money-Saving Tips

  • Consider sharing an apartment with others to reduce rent costs
  • Take advantage of the city's many free or low-cost outdoor activities, such as visiting Kings Park or Cottesloe Beach
  • Eat at local eateries or food trucks, which offer affordable and delicious meals
  • Use public transport or walk/bike whenever possible to reduce transport costs
  • Look for discounts or promotions at local restaurants and bars
  • Consider purchasing groceries at local markets or wholesale stores to reduce food costs

Overall, Perth is a great city to visit or live in, with a high standard of living and a unique cultural experience. While the cost of living can be higher than in some other cities, there are many ways to save money and make the most of your time in Perth.