Moving from Melbourne to Richmond (2026)
Richmond has a COL index of 98 vs 110 for Melbourne (100 = US average). You'd pay about 11% less for the same lifestyle.
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Key differences
Salary needed in Richmond to match your Melbourne lifestyle
Based on the 11% cost of living decrease between the two cities.
| Your salary in Melbourne | Equivalent in Richmond |
|---|---|
| $40K | $35,636 |
| $50K | $44,545 |
| $60K | $53,455 |
| $75K | $66,818 |
| $80K | $71,273 |
| $100K | $89,091 |
| $120K | $106,909 |
| $150K | $133,636 |
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Monthly budget at $75K — Melbourne vs Richmond
| Expense | Melbourne | Richmond |
|---|---|---|
| Monthly take-home | $3,000 | $4,378 |
| 1BR rent | $1,600 | $1,600 |
| Groceries | $380 | $369 |
| Transport | $150 | $70 |
| Utilities | $130 | $155 |
| Internet | $62 | $60 |
| Left after essentials | $678 | $2,124 |
Frequently asked questions
Is Richmond cheaper than Melbourne?
Yes. Richmond has a cost of living index of 98 vs 110 for Melbourne (100 = US average). That's about 11% cheaper.
How much will I save moving from Melbourne to Richmond?
On a $75K salary, moving from Melbourne to Richmond saves roughly $2,450/month on core expenses. That's ~$29,400/year.
What salary do I need in Richmond to match my Melbourne lifestyle?
To maintain the same purchasing power as $75,000 in Melbourne, you'd need roughly $66,818/year in Richmond. This is based on the overall COL index difference.
Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates. Zillow · BLS · Numbeo · For general guidance only