Is Melbourne a good place to live as an expat?
AI Answer
Melbourne is a good place to live as an expat, especially if you prioritize a high quality of life and don’t mind the higher cost of living. It consistently ranks high globally, for example, The Economist Intelligence Unit placed it 3rd worldwide for liveability in 2023.
The city's 5.1 million population includes extensive international communities, making it easy to settle in. You'll find diverse dining, excellent public transport, and a thriving arts scene. However, be prepared for costs: a one-bedroom apartment in the city center averages around AUD $2,200 per month.
Australia's tax system can be a shock. Non-residents face a 32.5% tax rate on income up to AUD $120,000, with no tax-free threshold. Residents have a tax-free threshold of AUD $18,200. Factor this into your budget.
Overall, Melbourne offers a fantastic lifestyle for expats, provided you secure a good income to offset the high cost of living and understand the tax implications.