🇦🇺 Cost of Living in Tasmania - Prices & Budget Guide
Last updated: February 2026
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 Tasmania is generally considered to be moderate, with prices comparable to other regions in Australia, but slightly lower in some areas.
Quick Facts
Cost LevelModerate
Daily Budget (Backpacker)$60-100 USD
Daily Budget (Mid-Range)$120-200 USD
Daily Budget (Comfort)$250-400 USD
CurrencyAUD
Tipping Customnot expected
How Expensive Is Tasmania?
Tasmania is often considered to be one of the more affordable states in Australia, with a lower cost of living compared to cities like Sydney and Melbourne. However, prices can still be relatively high, especially when it comes to accommodation and food. Compared to global averages, Tasmania is generally more expensive than many destinations in Asia and South America, but more affordable than many cities in Europe and North America. Overall, Tasmania offers a great balance between quality of life and affordability, making it an attractive destination for tourists and expats alike.
In terms of regional comparisons, Tasmania is generally more expensive than neighboring states like Victoria and South Australia, but less expensive than New South Wales. However, prices can vary depending on the location, with cities like Hobart and Launceston tend to be more expensive than rural areas.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$20-40
typical quality, shared facilities
Mid-Range Hotel
$80-150
what to expect, private bathroom and amenities
Luxury/Resort
$200-400
what to expect, high-end amenities and services
Apartment Rent (monthly)
$800-1,500
city center, furnished, 1-2 bedrooms
Apartment Rent (monthly)
$500-1,000
outside city center, furnished, 1-2 bedrooms
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$10-20
Casual Restaurant
$20-40
Mid-Range Restaurant (2 people)
$50-100
Fine Dining
$100-200
Beer (local)
$5-10
Coffee
$3-5
Water (1.5L bottle)
$2-3
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$2-5
Taxi (per km)
$2-5
Domestic flight
$100-300
Fuel (per liter)
$1-2
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
600
1,000
1,500
Food
500
800
1,200
Transport
100
200
300
Utilities
100
150
200
Entertainment
200
300
500
Total
1,500
2,450
3,700
Money-Saving Tips
Consider visiting Tasmania during the shoulder season (April-May or September-October) to take advantage of lower prices and smaller crowds.
Look for accommodation options outside of city centers, such as in rural areas or smaller towns, to save on rent.
Take advantage of Tasmania's natural beauty by hiking, camping, or exploring the outdoors, which can be free or low-cost.
Eat at local eateries or street food stalls, which can be more affordable than mid-range restaurants.
Use public transportation or walk/bike whenever possible to save on fuel and taxi costs.
Consider buying groceries and cooking your own meals, rather than eating out, to save on food costs.