When considering moving to a new country, one of the key factors to take into account is the cost of living. Australia is a popular destination for expats and migrants, but many wonder, "Is Australia expensive to live?"

Based on data from Numbeo, a cost of living comparison website, Australia ranks as the 12th most expensive country in the world. The cost of living in Australia is higher than in many other countries, but it also offers a high standard of living in return.

One of the biggest expenses in Australia is housing. Rent prices in major cities like Sydney and Melbourne can be quite high, leading to a significant portion of the average person's income going towards housing costs. However, there are also more affordable housing options available in smaller cities and rural areas.

Food is another expense to consider when living in Australia. While grocery prices can be higher compared to other countries, dining out at restaurants and cafes can also add up quickly. However, many Australians choose to cook at home to save money on food expenses.

Transportation costs in Australia can vary depending on where you live. In major cities, public transportation is often the most cost-effective way to get around, but owning a car can be expensive due to high petrol prices and maintenance costs. Additionally, long-distance travel within Australia can also be pricey.

Healthcare is another important expense to consider when living in Australia. While the country has a public healthcare system, known as Medicare, residents also have the option to take out private health insurance for additional coverage. Private health insurance can be costly, but it provides access to more services and shorter wait times.

Overall, the cost of living in Australia can be high compared to other countries, but it also offers many benefits such as a high standard of living, beautiful landscapes, and diverse culture. By budgeting carefully and making smart choices, it is possible to live comfortably in Australia without breaking the bank.