🇦🇺 Cost of Living in Victoria - 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
Living in or visiting Victoria can be moderately expensive, with daily budgets ranging from $60-150 USD for backpackers to $200-400 USD for mid-range travelers.
Quick Facts
Cost LevelModerate
Daily Budget (Backpacker)$60-120 USD
Daily Budget (Mid-Range)$120-250 USD
Daily Budget (Comfort)$250-400 USD
CurrencyAUD
Tipping Customnot expected
How Expensive Is Victoria?
Victoria, a region in southeastern Australia, is known for its high standard of living and stunning natural beauty. The cost of living in Victoria is relatively high compared to other parts of the world, but it is still considered moderate compared to other major cities in Australia. The region's strong economy, driven by industries such as finance, technology, and tourism, contributes to its higher cost of living. However, visitors and residents can still find affordable options for accommodation, food, and transportation, making it an attractive destination for travelers and expats alike.
The cost of living in Victoria is influenced by its proximity to Melbourne, the state's capital city, which is one of the most expensive cities in Australia. However, outside of Melbourne, the cost of living in Victoria can be significantly lower, making it an attractive option for those looking for a more affordable lifestyle. Overall, Victoria offers a great balance of quality of life, natural beauty, and affordability, making it a popular destination for tourists and expats.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$20-40
dorm rooms and shared facilities
Mid-Range Hotel
$80-150
3-4 star hotels with private rooms and amenities
Luxury/Resort
$200-400
5-star hotels and resorts with high-end amenities
Apartment Rent (monthly)
$1,200-2,500
city center vs outside, 1-3 bedroom apartments
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
$100-250
Fuel (per liter)
$1-2
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
800-1,200
1,200-2,000
2,000-3,000
Food
500-800
800-1,200
1,200-2,000
Transport
100-200
200-300
300-500
Utilities
100-200
200-300
300-500
Entertainment
200-400
400-600
600-1,000
Total
1,700-3,400
3,000-5,500
5,000-8,000
Money-Saving Tips
Consider staying outside of Melbourne city center to save on accommodation costs
Take advantage of Victoria's public transportation system, which is efficient and affordable
Eat at local eateries and cafes, which offer a range of affordable and delicious food options
Visit local markets and grocery stores to buy fresh produce and staples at lower prices
Look for free or low-cost attractions and activities, such as visiting local parks and beaches, or taking a self-guided tour of the city
Consider buying a Myki card, which can be used to travel on public transportation throughout Victoria, and can be topped up at a lower cost than buying individual tickets.