The cost of living in Australia depends on your lifestyle. However Department of Immigration and Citizenship website mentions the following cost for estimated cost of living in Australia.

Estimated living cost:
Yourself: $12,000 each year
Your Partner: $4,200 each year
First Child: $2,400 each year
Each other Child: $1,800 each year

The above costs are only estimate and the following purchases increases the cost of living in Australia.

- Buying a house or a unit instead of renting a house or a unit
- Buying a car
- Taking private health insurance
- Attending private school
- Joining a gym
- Dining out
- Taking holidays

Especially new migrants need to take consideration that you may not find a job soon after you migrate to Australia. Therefore, it is recommended to save enough money before you migrate to Australia. Australia governments offer social benefits to unemployed people, however most of new migrants are not eligible to receive such benefits from Australian government as there are specific waiting period exists.

The cost of living also varies depending on which state or city you decide to live.