Cost of Living in Melbourne: A Student's Guide
The big picture
Melbourne is consistently ranked as one of the world's most liveable cities, and it's also one of Australia's most popular student destinations. While it's not the cheapest city, it offers excellent value when you factor in quality of life, work opportunities and cultural experiences.
The Department of Home Affairs requires international students to show $29,710 per year for living costs, excluding tuition. In Melbourne, your actual costs will depend on your lifestyle, accommodation choices and spending habits.
Accommodation
Accommodation is typically your biggest expense. Here's what to expect:
Most students share a house or apartment with other students, which keeps costs manageable and is a great way to make friends.
Food and groceries
Shopping at Aldi, Woolworths or Coles and cooking at home is the most budget-friendly approach. Melbourne's multicultural food scene means affordable options from every cuisine.
Transport
Many students live close to campus and walk or cycle to save on transport costs.
Other expenses
> Where these come from. The financial capacity figure is the Department of Home Affairs's. Fares are Public Transport Victoria's. Rent, groceries and other living costs are indicative ranges from Edmark's own review of the Melbourne market, checked September 2026 — they are a starting point for a budget, not a quote. For maintained figures see the Australian Government's [Study Australia cost of living guide](https://www.studyaustralia.gov.au/en/plan-your-studies/cost-of-studying-and-living-in-australia). Government charges and fares change, often at the start of a financial year, so check the source before budgeting against them.