Cost Of Living: Australia Vs. The UK

Australia may have been ranked as the fourth most expensive place to live, according to a recent study – but this hasn’t stopped holidaymakers from choosing to travel there. In fact, tourism in Australia has rocketed this year to a grand total of 6.6 million arrivals in 2014. So let’s compare the cost of living in Australia to the UK; we’ll take a look at the average price of some of the most common purchases for holidaymakers in both countries’ capital cities to see whether or not the difference really is that big. 

Food and Drink

When you’re on holiday, calculating how much your food and drink will cost is important – if the price is significantly higher than you’re used to paying for the same goods, this can take a huge chunk out of your holiday spending money. Here’s a breakdown of the average cost of common food and drink items in both Canberra and London:

  • A pint of beer will cost you…
    - Around 6 A$ in Canberra, which is equivalent to £3.29
    - £3.79 in London
  • A bottle of water (0.33 litres) will set you back…
    - 2.82 A$ in Canberra, which averages to around £1.50
    - 97 pence in London
  • A three-course meal for two in a mid-priced restaurant is likely to come to…
    - 80 A$ in Canberra - about £44 so just over £20 per head
    - £50 in London – so £25 per head

Getting around
Something else you’ll need to be aware of is the cost of getting around. Whether you choose to use the local public transport, hail a taxi or hire a car, take a look at these average transportation costs:

  • A one-way ticket on local public transport will cost you…
    - 4 A$ in Canberra, which works out at around £2o
    - £2.80 in London
  • You can expect to pay a taxi starting fee of around…
    - 4.88 A$ in Canberra, which is about £2.70
    - £3 in London
  • The cost of petrol per litre is:
    - Around 1.6 A$ in Canberra - or 88 pence
    - £1.38 in London

So there you have it – in almost every instance, the cost of living in London was higher than that of Canberra (Australia’s capital). Do these results surprise you?

Moneycorp’s top tips for making your money go further when travelling abroad

  • Keep an eye out for offers on currency exchange
  • Buy a prepaid traveller’s card to avoid ATM fees
  • Change your money before getting to the airport
  • Inform your bank if you’ll be using your debit/ credit card abroad
  • Budget for emergency funds – you can never be too careful

Have you ever been to Australia? What did you think of the cost of living? Let us know if it matched what we’ve found on our Facebook and Twitter pages.