How good is a $ 110,000 / year salary package for Sydney, Australia?

Updated on : January 20, 2022 by Blake Fisher



How good is a $ 110,000 / year salary package for Sydney, Australia?

It clearly depends on the following:

a) Are you going to be alone or are you going to support a family (and how big)?

b) What kind of lifestyle do you plan to have? Simple or luxurious?

To make it simpler:

If you need to support a family, this money is going to be a little tight. If you are alone, you can live a comfortable, even luxurious life.

Some things to consider:

  1. Is retirement included in the package or is it additional? If your package is $ 110K + super, your net monthly salary will be ~ $ 6,600, while if it is $ 110K (inc. super), your net monthly salary will be ~ $ 6,100. (This link payment calculator gives very
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It clearly depends on the following:

a) Are you going to be alone or are you going to support a family (and how big)?

b) What kind of lifestyle do you plan to have? Simple or luxurious?

To make it simpler:

If you need to support a family, this money is going to be a little tight. If you are alone, you can live a comfortable, even luxurious life.

Some things to consider:

  1. Is retirement included in the package or is it additional? If your package is $ 110K + super, your net monthly salary will be ~ $ 6,600, while if it is $ 110K (inc. super), your net monthly salary will be ~ $ 6,100. (This link payment calculator gives very accurate results.)
  2. Real estate is very expensive (whether you buy or rent) and change significantly from one place to another (the closer to the city, the more expensive in general). Be prepared to spend a significant portion of your salary on real estate.

It is approximately three times the minimum wage and if you are a single man or woman you can live well with it, but without great luxuries or savings. With a family with moderate expectations, you would need a second income to live well. But with so much hosting on AirBandB, it's getting harder

It is a large enough salary that it is possible to come to Sydney and order the rest here, if you are alone

But I would ask for a very good contract. The term "salary package" is concerning and I wonder how it has been evaluated. You mainly need the money unless it includes accommodation.

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It is approximately three times the minimum wage and if you are a single man or woman you can live well with it, but without great luxuries or savings. With a family with moderate expectations, you would need a second income to live well. But with so much hosting on AirBandB, it's getting harder

It is a large enough salary that it is possible to come to Sydney and order the rest here, if you are alone

But I would ask for a very good contract. The term "salary package" is concerning and I wonder how it has been evaluated. For the most part, you need the money unless it includes accommodation, in which case be careful about the termination clauses in the contract.

Considering that Sydney is one of the most expensive cities in the world, $ 110,000 a year is not a great salary at all. Sydney has not only the highest house prices, but also the most unaffordable houses in the world according to Demographia. Utilities, food, restaurants, entertainment, and taxes are among the most expensive in the world. In terms of real purchasing power, that $ 110,000 has a maximum value of $ 50,000.

Not a bad start. Since the average is 80K, it's pretty good.

But I would also check to see if there are insurance benefits (health insurance), and what retirement the package pays for, and any pre-tax benefits like salary sacrifice, if any, that may help lower your taxable income.

If you are transitioning to Australia from another country, it is good enough to get off to a good start. But you will probably want to move up again in a few years.

I guess it depends on where you are now and the potential opportunities this role could bring you as well.

Good luck.

The median annual salary range for Sydney residents is AU $ 80,000 to AU $ 95,000. Therefore, 110,000 Australian dollars is very good.

I started my job as Engineer 1 in 1990 with an annual salary of A $ 65,000 and moved up to Engineer 5 in 7 years (1997) with a salary of $ 89,000. I retired in 2009, my last annual salary was 119,000 Australian dollars. At that time I owned a 3 bedroom house built on a 400 square meter lot, with an approximate value of A $ 800,000 (fully paid mortgage).

On paper, this is slightly above median income, so it looks pretty good.

But, if this is your family's only income, that is, whether you are single or your partner has no income, this is barely enough to survive in Sydney.

We no longer live in the 80s. It will be difficult to get a home with this level of income.

Without a doubt, this is an above-average salary. The problem arises when you take into account house prices, car costs, school fees, etc. Sydney is above average when it comes to prices.

Well wages are quoted before taxes. So let's say it's 100,000 a year before taxes.

According to this Australian government website, the income tax rates of people earning $ 100,000 AUD in Australia would fall in the tax bracket of $ 87,001 to 180,000. Everyone in this group is charged $ 19,822 AUD plus .37 for every dollar earned on that.

So for a person who makes $ 100,000 AUD after taxes, he will take home a little over $ 75,000 AUD per year.

So of course it depends on which Australian city you live in. In Sydney, that money isn't going to get as far as other Australian cities, but then in t

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Well wages are quoted before taxes. So let's say it's 100,000 a year before taxes.

According to this Australian government website, the income tax rates of people earning $ 100,000 AUD in Australia would fall in the tax bracket of $ 87,001 to 180,000. Everyone in this group is charged $ 19,822 AUD plus .37 for every dollar earned on that.

So for a person who makes $ 100,000 AUD after taxes, he will take home a little over $ 75,000 AUD per year.

So of course it depends on which Australian city you live in. In Sydney, that money is not going to go as far as in other Australian cities, but on the other hand, you are more likely to get a job that earns that much in Sydney. than anywhere else in Australia.

So in Sydney you will have to keep an eye on what you spend and how much you spend. You certainly won't be buying new cars every 4-5 years, that's for sure, you'd be driving a normal car, probably a 2010 Honda Civic or something. A 7 year old car. You wouldn't live in the most expensive suburb of Sydney either, but you probably wouldn't have to live in the poorest suburb either.

I don't live in Sydney, but I suppose you could probably live in Sydney on that salary, but you would have to make sure that you are not spending money and are not living the rich and famous lifestyle in any way.

This is just an assumption of what I think your lifestyle would be like.

payment calculator

With this pay calculator, your net super and net tax salary in Australia will be approximately AUD68000 per year, AUD5669 monthly or AUD1308 weekly.

While this is a reasonable salary, for a family of 3 it will be tight if you live in Sydney, especially if you have only one income. Take a look here for a list of statistics compiled by ABS on average Australian wages.

Average salary Australia

Rent is calculated weekly and AUD 650-850 per week x 52 weeks would be a minimum rental that you would need to budget for. Verify Real Estate | Properties for Sale, Rent and Share | Domain and fR

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payment calculator

With this pay calculator, your net super and net tax salary in Australia will be approximately AUD68000 per year, AUD5669 monthly or AUD1308 weekly.

While this is a reasonable salary, for a family of 3 it will be tight if you live in Sydney, especially if you have only one income. Take a look here for a list of statistics compiled by ABS on average Australian wages.

Average salary Australia

Rent is calculated weekly and AUD 650-850 per week x 52 weeks would be a minimum rental that you would need to budget for. Verify Real Estate | Properties for Sale, Rent and Share | Dominio and fReal Estate, Property & Homes For Sale to get an idea of ​​the different accommodations available. Public transport will cost over AUD200 per month for one person, assuming you work in Sydney CBD and need to travel to work. Rentals are cheapest in the west or further north of the Harbor Bridge (northern beaches). If you are working in the city, avoid the car, as parking in the center is expensive around AUD 450-500 per month. Anyway, public transport is comfortable, safe and clean.

If you are a PR, you have access to Medicare; otherwise, health care can be expensive, but you would normally need to buy health insurance regardless of your Medicare entitlement or otherwise. Eating out is expensive and utility bills (charged quarterly) aren't cheap either - heating in winter is sure to add to your bill and unexpected costs arise.

Groceries are inexpensive by international standards. The rest are your lifestyle choices.

A salary of $ 180,000 is very "livable" in Sydney, but your purchasing power is probably lower than your current salary here in the United States; you will buy less and pay more for it.

However, it is not just about money. The people of Sydney and Sydney are very different from those of Boston and Boston. If you live in Sydney, rather than simply residing there, your lifestyle will change dramatically. That will happen regardless of the change in your income and purchasing power; money has little to do with it. Instead of focusing on finances, consider quality of life and long-term benefits.

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A salary of $ 180,000 is very "livable" in Sydney, but your purchasing power is probably lower than your current salary here in the United States; you will buy less and pay more for it.

However, it is not just about money. The people of Sydney and Sydney are very different from those of Boston and Boston. If you live in Sydney, rather than simply residing there, your lifestyle will change dramatically. That will happen regardless of the change in your income and purchasing power; money has little to do with it. Instead of focusing on finances, consider quality of life and long-term benefits for you and your family. These are not easily quantifiable and cannot be measured in dollars alone, but they should not be underestimated. As others confirm, there is no question that you will have enough to live on, so why not consider the potential benefits of relocation? You can see this as an adventure and an opportunity, an opportunity for you and your family to live in one of the most beautiful cities in the world and as residents. to drink it all They can immerse themselves in a different way of life, explore Sydney, its culture and its people. Okay, so you end up buying fewer clothes, probably fewer material items overall, but you, your wife, and your child will have memories that will last a lifetime.

All that said, if you are hired for this new position, you may want to negotiate with your prospective employer for a salary increase. This is an important transition for you and your family and you should not be financially disadvantaged to make this change. Push a little and see what happens.

I say go ahead!

While Sydney is an expensive city, it is certainly possible to live modestly.

While attending the University of Sydney in 2015 (near Surry Hills), I found that the average rent for a nice apartment (shared with 2 or 3 other people) was 300-400 / week (all figures to be assumed in AUD) . This would equal 1200-1600 / month's rent.

Figure 100-200 for utilities

40 for a data plan with a cell phone provider (Telcom).

In terms of food, I found my grocery bill to be around 50 / week, so 200 / month. I ate about 4 meals a week (usually at lunch because there are some amazing deals in Glebe, Newtown, Downtown, etc.

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While Sydney is an expensive city, it is certainly possible to live modestly.

While attending the University of Sydney in 2015 (near Surry Hills), I found that the average rent for a nice apartment (shared with 2 or 3 other people) was 300-400 / week (all figures to be assumed in AUD) . This would equal 1200-1600 / month's rent.

Figure 100-200 for utilities

40 for a data plan with a cell phone provider (Telcom).

In terms of food, I found my grocery bill to be around 50 / week, so 200 / month. I ate about 4 meals a week (usually at lunch because there are some amazing deals in Glebe, Newtown, Downtown, etc) which generally cost me around $ 40 / week, so another 160 / month.

Budgeted personal care products 40 / month

A good coffee and a movie every weekend would cost 12-15 (movies are expensive here), so 48-60 per month

By public transport we can estimate 4 / day (2 trips), so 120 / month (Sydney has some maximums on how much you can be charged in a given period, if you use an Opal card, which I recommend).

Discretionary spending is the last piece of the puzzle. Since you said you are not spending your time at nightclubs and parties (fun fact, alcohol and cigarettes are heavily taxed in Australia), your monthly expenses should be much lower than someone who participates frequently. This could include new clothes, shoes, travel, going to see some museums, etc. I estimate (very generously) for someone who is frugal, 500 / month.

With a budget listed like this, your monthly expenses would look like this:

For rent 1200-1600

Utilities 100-200

Cell phone 40

Food 360

Personal care 40

2 good bottles of wine 40

Coffee / movies 48–60

Public transport 120

Discretionary spending 500

Total: 2,148-2960 / month, which is within your budget of 3,000 AUD / month. I hope this helps.

So go have your coffee and enjoy the beach!

Note: This assumes that your health insurance is covered by your current job, that you are not making your car or gas payments.

Edit: wow 250 views already. Thanks guys

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