Can I Afford to Live in New York vs Melbourne on $75K?
Here's how a $75K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.
Monthly budget breakdown
| Expense | New York NY | Melbourne AU |
|---|---|---|
| Monthly take-home (est.) | $4,309 | $3,000 |
| 1BR rent | $3,500 | $1,600 |
| Groceries (est.) | $437 | $380 |
| Transport (est.) | $132 | $150 |
| Utilities | $180 | $130 |
| Internet | $75 | $62 |
| Left after essentials | -$15/month | $678/month |
Frequently asked questions
Is $75K a good salary in New York?
At $75K/year in New York, your estimated monthly take-home is $4,309. With 1BR rent around $3,500/month, rent takes up 81% of your take-home. That's considered difficult.
Is $75K a good salary in Melbourne?
At $75K/year in Melbourne, your estimated monthly take-home is $3,000. With 1BR rent around $1,600/month, rent takes up 53% of your take-home. That's considered difficult.
Which city is more affordable on a $75K salary?
Melbourne leaves you with more money after core expenses — $678/month vs $-15/month in New York.
Can I afford to live alone in New York on $75K?
It's tight. Rent in New York would take 81% of your $75K take-home pay. You may need to find roommates or look at studios to stay within the 30% rule.
See the full cost-of-living comparison
Rent, groceries, taxes, transportation, and more — side by side.
Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only