Is $60,000 a Good Salary in Sydney? (2024)

The Verdict

Below Typical Professional Income

At $60,000, your income is below the estimated professional median for Sydney (~$119,500). Budgeting will be essential, especially for housing in central districts.

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Estimated Monthly Allocation

Monthly Net Income

$4,069

Full Tax Breakdown

Housing & Utilities

$1,831

Target 30-35% of net. Covers rent/mortgage in outer districts.

Groceries & Transport

$1,424

Core living expenses adjusted for Sydney CPI.

Lifestyle & Leisure

$610

Dining out, entertainment, and personal care.

Savings & Investment

$203

Remaining allocation for long-term wealth.

Other salary checks in Sydney

Jump to adjacent income bands to stress test lifestyle outcomes.

8 options

$45,000 $75,000 $90,000 $110,000 $130,000 $150,000 $180,000 $200,000

Compare $60,000 across peer hubs

Same salary, different macro-region hubs to benchmark opportunity cost.

Adjust the Numbers

Salary FAQs

What does $60,000 translate to after tax in Sydney?↓

Our deterministic engine estimates roughly $48,833 per year (~$4,069 monthly) after Australia income taxes and mandatory social contributions for a single filer.

Can $60,000 comfortably cover housing in Sydney?↓

Allocating about $1,831 (45% of monthly net income) keeps housing and utilities within the recommended 30–35% band even in prime districts.

How much could I save earning $60,000 in Sydney?↓

Following the Sovereign allocation, you could direct roughly $203 per month (5% of take-home pay) toward investments, reserves, or debt payoff.