Sydney Market Data

Explore compensation benchmarks, tax liabilities, and cost of living adjustments for professionals in Sydney.

About Sydney

The financial heart of Oceania. High compensation roles in finance and law are common, matching a premium coastal lifestyle.

Sydney represents a primary financial and business hubin Australia, attracting professionals from around the world. The city's strategic location, business-friendly environment, and quality of life make it an attractive destination for career growth and wealth accumulation.

Key Market Indicators

Cost of Living

Index score (100 = global average)

Rent Index

Housing cost indicator

Median Income

$119,500

Estimated professional median

Tax System in Australia

Australia operates a federal progressive income tax system. The Medicare Levy is an additional charge funding the public health system. Superannuation is paid by employers on top of base salary.

Example Calculation

For a professional earning $119,500 annually in Sydney:

Gross Income

$119,500

Net Income

$87,806

Tax Rate

26.5%

Monthly Take-Home

$7,317

Popular Salary Benchmarks

Explore compensation data for key roles in Sydney

View All

AI Engineer

$180,000

Estimated base salary

Executive

$250,000

Estimated base salary

Compare with Similar Markets

Singapore

Asia’s premier wealth management hub. Known for ultra-low personal income tax and high expatriate demand.

Hong Kong

A gateway to Asian capital markets. Features a simple, low-rate tax system capped at 17%.

Tokyo

The world’s largest metropolitan economy. Salaries are high, though offset by significant social contributions and taxes.

Osaka

Advanced manufacturing and biotech player with slightly lower living costs than Tokyo.

Shanghai

China’s commercial capital with multinational HQs, venture capital, and generous expatriate packages.

Beijing

Policy, aerospace, and AI research center offering strong cash compensation and subsidies.

Frequently Asked Questions

What is the cost of living in Sydney?↓

Sydney has a cost of living index of 52 and a rent index of 72, making it a moderately priced city. Housing costs are particularly high, with prime districts commanding premium rents.

How does the tax system work in Australia?↓

Australia operates a federal progressive income tax system. The Medicare Levy is an additional charge funding the public health system. Superannuation is paid by employers on top of base salary.

What is a good salary in Sydney?↓

For professionals in Sydney, we estimate the median income at approximately $119,500. A salary above this level provides comfortable living standards, while salaries significantly below may require careful budgeting, especially for housing in prime districts.

What industries are strongest in Sydney?↓

Sydney is a major business hub with strong presence across multiple sectors. The city's status as a financial and technology center attracts professionals from various industries, with particularly strong opportunities in finance, technology, and professional services.