Studying in Australia is a dream for many international students, but the high cost of living can be a significant barrier. In 2025, a prospective international student in Australia should be prepared to spend at least AUD $29,710 per year on living expenses to meet the Australian Government’s visa requirements. However, the actual cost can vary widely depending on the city, accommodation, and personal lifestyle, with many students spending upwards of AUD $40,000 annually.
Australia Visa Financial Requirements
Before you can even begin your study abroad journey, you must demonstrate to the Department of Home Affairs that you have the financial capacity to support yourself. As of May 10, 2024, the minimum annual living cost requirement for a single student is AUD $29,710. This amount is adjusted regularly to reflect 75% of the national minimum wage. This is a baseline figure, and your actual expenses will likely be higher.
In addition to living costs, you must also show proof of funds to cover:
- Tuition fees for the first 12 months of your course.
- Travel costs to and from Australia.
- Overseas Student Health Cover (OSHC) for the duration of your stay.
- Additional funds for any accompanying family members, including school fees for dependents.
For complete details, read our blog on Australia student visa requirements
Accommodation Costs
Accommodation is typically the largest single expense for an international student. The cost varies significantly based on the type of housing and its location.
- On-Campus Accommodation: This is often the most convenient but can also be the most expensive. University dormitories or student halls can cost between AUD $750 – $1,500 per month. This usually includes utilities and sometimes meals.
- Shared Rental/Apartment: This is a popular and more affordable option. Sharing a house or apartment with other students can bring your monthly rent down to AUD $500 – $1,000. Renting independently will be much more expensive, ranging from AUD $1,200 – $2,500 per month.
- Homestay: Living with a local Australian family can provide a great cultural experience. It typically costs AUD $1,000 – $1,500 per month and often includes some meals.
City-by-City Cost Breakdown (Monthly)
The city you choose to study in has a massive impact on your overall expenses. Sydney and Melbourne are consistently the most expensive cities, while cities like Adelaide and Perth offer a more budget-friendly lifestyle.
- Sydney: AUD $2,000 – $2,500
- Melbourne: AUD $1,800 – $2,300
- Brisbane: AUD $1,600 – $2,100
- Perth: AUD $1,500 – $2,000
- Adelaide: AUD $1,400 – $1,900
- Hobart: AUD $1,300 – $1,800
Students can save up to AUD $600 per month by choosing to study in a more affordable city.
Food and Groceries
Your food expenses will largely depend on your lifestyle. Cooking at home will always be cheaper than eating out. The average weekly grocery bill for a single person in Australia is around AUD $111, but this can vary by state and personal habits.
- Monthly Groceries (home-cooked meals): AUD $350 – $500
- Eating out (occasional): AUD $80 – $150
- Coffee/Tea: AUD $40 – $60
You can save money by shopping at budget supermarkets like Aldi and by looking for special offers at Coles and Woolworths.
Transportation
Many Australian cities have excellent public transport systems, and most students are eligible for a concession or student discount.
- Monthly Public Transport Pass: AUD $100 – $200
- Single Ticket: AUD $3 – $10
The cost can vary by city and your travel zone. For instance, in Melbourne, a monthly Myki pass costs AUD $55 for a full fare, with concessions available. In Canberra, a monthly cap is applied after 40 paid trips, with all subsequent travel for the month being free.
Utilities and Other Expenses
Crafting a student budget is a bit like piecing together a complex puzzle. While we often focus on the big-ticket items like tuition and accommodation, it’s the smaller, recurring expenses that truly shape our financial landscape. Overlooking these can lead to unexpected stress and a quickly dwindling bank account. Let’s break down the essential costs that go beyond the major expenses.
Utilities and Connectivity
- Living in Australia means budgeting for the essentials that keep your lights on and your life connected. For utilities like electricity, gas, and water, expect to set aside around AUD $150 – $250 per month. A silver lining for those living on campus or in shared housing is that these costs are often bundled into the rent, simplifying your monthly outgoings.
- Your digital life is equally important. A reliable internet connection is a must-have for your studies and staying in touch with family. Budgeting AUD $50 – $80 per month for internet and another AUD $30 – $60 for a mobile phone plan will ensure you’re always connected.
Academic and Personal Spending
- Education costs don’t stop at tuition fees. Be prepared for books and study materials, which can run anywhere from AUD $500 to $1,000 per year. These are crucial investments in your academic success.
- And of course, a healthy student life is about more than just studying. Allocating AUD $200 – $400 per month for entertainment and social activities is key to maintaining a good work-life balance and making lasting memories.
Mandatory Health Coverage
- A non-negotiable part of your budget is Overseas Student Health Cover (OSHC). This is a mandatory requirement for international students and a vital safety net. The cost for a single student is typically in the range of AUD $478 – $700 per year, though this can vary depending on the provider and the level of coverage you choose. Securing this early on provides peace of mind, knowing you are covered for medical needs during your time in Australia.
- By meticulously planning for these smaller, yet significant expenses, you’ll build a more realistic and resilient budget, allowing you to focus on your studies and enjoy your Australian experience to the fullest.
Work Opportunities and Earning Potential
To help manage costs, international students on a subclass 500 visa can work up to 48 hours per fortnight during the academic term and unlimited hours during scheduled holidays. The national minimum wage is AUD $24.95 per hour as of July 1, 2025. A part-time job can significantly supplement your income.
- Average Weekly Earnings: Working the maximum 24 hours per week (based on a two-week fortnight), you could earn approximately AUD $598.80 before tax, which translates to over AUD $1,100 per fortnight.
- Jobs: Common jobs for students include roles in retail, hospitality (cafes, restaurants), tutoring, and food delivery.
- Tips: Secure a Tax File Number (TFN) and open an Australian bank account before you start working.
Financial Planning and Budgeting Strategies
Effective financial planning is crucial for a stress-free study experience.
- Set a Budget: Create a detailed budget before you arrive, allocating funds for each category of expense.
- Track Your Spending: Use apps or a spreadsheet to monitor your daily expenses and ensure you’re staying within your budget.
- Save Money:
1. Cook meals at home instead of dining out.
2. Look for student discounts on everything from public transport to entertainment.
3. Buy second-hand textbooks and furniture.
4. Choose a regional city over a major metropolitan area for lower living costs.
- Scholarships: Research and apply for scholarships offered by your university or external organizations, as they can significantly reduce your financial burden.
Conclusion
While Australia presents a significant financial commitment for international students, the high cost of living is manageable with diligent planning and smart financial decisions. The minimum funds required for a visa are a starting point, but a realistic budget should be higher to account for a comfortable lifestyle. By leveraging part-time work, being budget-conscious, and exploring all available discounts and scholarships, you can enjoy a world-class education without undue financial stress.
Frequently Asked Questions
What is the minimum bank balance required for an Australian student visa in 2025?
As of May 2024, the minimum required funds for living expenses are AUD $29,710 for a single student for one year. You must also show proof of funds for tuition, travel, and OSHC.
Can I work full-time as an international student?
No, with a few exceptions, you are generally limited to working 48 hours per fortnight during your course session. You can work unlimited hours during scheduled holidays.
Is OSHC mandatory for a student visa?
Yes, Overseas Student Health Cover (OSHC) is a mandatory requirement for all international students on a subclass 500 visa. You must have valid coverage for the entire duration of your stay.
Which are the most affordable cities for students in Australia?
Cities like Adelaide, Hobart, and Perth are generally considered more affordable than major hubs like Sydney and Melbourne due to lower accommodation and daily living costs.
