Melbourne Market Data

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

About Melbourne

Australia’s cultural capital with a diverse economy spanning tech, arts, and logistics.

Melbourne represents a growing economic centerin 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

$96,000

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 $96,000 annually in Melbourne:

Gross Income

$96,000

Net Income

$72,413

Tax Rate

24.6%

Monthly Take-Home

$6,034

Popular Salary Benchmarks

Explore compensation data for key roles in Melbourne

View All

AI Engineer

$180,000

Estimated base salary

Executive

$250,000

Estimated base salary

Compare with Similar Markets

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Perth

Resource majors and LNG projects provide high incomes relative to population size.

Frequently Asked Questions

What is the cost of living in Melbourne?↓

Melbourne has a cost of living index of 96 and a rent index of 87, making it one of the more expensive cities globally. 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 Melbourne?↓

For professionals in Melbourne, we estimate the median income at approximately $96,000. A salary above this level provides comfortable living standards, while salaries significantly below may require careful budgeting, especially for housing in central areas.

What industries are strongest in Melbourne?↓

Melbourne is a growing economic center with strong presence across multiple sectors. The city's diverse economy attracts professionals from various industries, with particularly strong opportunities in finance, technology, and professional services.