If you’re thinking of moving to Perth, you’ll want to know what the cost of living is like. In this article, we’ll take a look at some of the main expenses you can expect to face in this beautiful city. From accommodation and transport costs to food and entertainment, we’ll give you an idea of what you can expect to pay for essentials.
Brief facts about Perth
The city was founded in 1829 by Captain James Stirling and was originally called the Colony of the Swan River.
Currently, Perth is a vibrant and cosmopolitan city with a strong economy and a high standard of living. The cost of living in Perth is relatively high, but this is offset by the city’s high wages and low unemployment rate.
What are the tourist attractions in Perth?
Perth is home to some beautiful tourist attractions, from stunning beaches to incredible wineries. If you’re looking for things to do in Perth, you won’t be disappointed.
Whether you’re looking to relax on the sand or take part in some of the excellent surf on offer, you’ll find what you’re looking for here.
King’s Park and Botanic Garden are two of the most popular choices, but there are plenty of other excellent options to choose from.
Perth Mint: This historic subtitle is one of the most popular tourist destinations in the city. Visitors can take a tour of the facility, see how the coins are made, and even buy some of their own.
Kings Park: This popular park is one of the largest urban parks in the world. Covering almost 4 square miles, it’s the perfect place to take a walk, a picnic, or just enjoy the views.
Perth Zoo: Home to over 1,200 animals, Perth Zoo is a great place to learn about wildlife from around the world. With daily gigs and goaltender chats, there’s always something new to see and do.
Perth’s Gross Domestic Product
Perth’s Gross Domestic Product (GDP) is one of the leading indicators of the city’s economic health. In Perth, per capita GDP was $75,834 in 2017, which is quite high compared to other cities in Australia. High GDP per capita means Perth residents have a higher standard of living.
One of Perth’s main drivers of GDP is the mining industry. The city is home to many resource companies, and the mining sector makes up a significant portion of the economy. In recent years, there has been a slowdown in the mining industry, which has damaged Perth’s GDP. However, there are still plenty of opportunities for those looking to work in this sector.
The various costs of living in Perth
- Cost of feeding:
When it comes to food, Perth is relatively expensive. The average cost of a meal for a person is $15-20. If you’re eating out three times a day, that’s an important part of your budget. You can always cook at home to save money. A week’s worth of food for one person can cost between $60 and $100, depending on your diet.
So if you’re planning on moving to Perth, be prepared to spend a little more on food than you may have been used to. But the good news is that there are plenty of affordable dining options available, so you can still enjoy the city’s culinary scene without disrupting the bank.
- Cost of accommodation:
When it comes to accommodation, Perth is one of the most expensive cities in Australia. The median price for a home is about $1.2 million, and for an apartment, it’s $550,000. If you’re looking to rent, you can expect to pay about $430 a week for a house and $380 a week for an apartment. Accommodation prices will vary depending on the location and size of the property.
If you’re moving to Perth from another city, you’ll probably see that the cost of living is quite high. However, it’s important to remember that wages are generally higher in Perth. So while your costs may be higher, you’ll also have more disposable income.
- Cost of Entertainment:
The good news is there are plenty of affordable options for fun in Perth. For example, you can find many free or low-cost events listed in the Weekly West Australian newspaper. Moreover, there are many reasonably priced bars and clubs in the city centre.
If you’re looking for a more luxurious night, you can find plenty of options for this one too. Just be prepared to spend a little more money. Overall, the cost of entertainment in Perth is relatively high when compared to other cities around the world. But with a little planning, you can still enjoy your time in this beautiful city without messing up the bank.
- Cost of transport:
If you are planning to move to Perth, it is important to consider the cost of transport. This beautiful city is popular, so you’ll have to rely on a car or public transport to get around. The good news is that gas is relatively affordable in Perth.