Cost of living in Pakenham

In Pakenham, Australia, living costs about $1805 per month for one person and $4389 for a family of four, including rent.

How expensive is Pakenham compared to other cities?

Compared to the European benchmark, Pakenham is 64% more expensive overall.

How does Pakenham compare to your city?

Pakenham is 48% cheaper than New York City, without rent.

Rent in Pakenham is, on average, 59% lower than in New York City.

What drives the cost of living in Pakenham?

Who is Pakenham a good fit for?

Pakenham tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.

FAQ

Why is Pakenham so expensive?

The high cost of living in Pakenham is primarily driven by rent and utilities, which significantly exceed average prices. This places a financial strain on many residents.

Is food expensive in Pakenham?

Yes, food prices in Pakenham are 41% higher than the European benchmark, impacting overall living costs.

Is public transport affordable in Pakenham?

Public transport costs are 21% higher than the European benchmark, making it less accessible for budget-conscious residents.

Cost of living breakdown

Cost of Living, one person, including rent
1805 $
Without Rent
737 $
Rent & Utilities
1068 $
Food
526 $
Transport
74 $
Monthly Salary, after tax
4384 $
GDP per Capita
64,712 $
Freedom Index
8.52
Lifespan
83 years
Speak English
93%
Population
54.1K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 13.3 $
Dinner 70 $
Fast food, McDonalds or KFC 10.6 $
Beer, 0.5 L or 16 fl oz 8.17 $
Capuccino 2.92 $
Coke, 330ml 2.94 $

Compare Pakenham with:

Markets

Milk, 1 L or 1 qt 1.78 $
Bread, 0.5 kg or 1 lb 2.11 $
Rice, 1 kg or 2 lb 1.92 $
Eggs, 12 pack 3.49 $
Cheese, 1 kg or 2 lb 8.71 $
Chicken Breast, 1 kg or 2 lb 7.93 $
Round Steak, 1 kg or 2 lb 12.2 $
Apples, 1 kg or 2 lb 2.95 $
Banana, 1 kg or 2 lb 3.08 $
Oranges, 1 kg or 2 lb 2.87 $
Tomato, 1 kg or 2 lb 4.23 $
Potato, 1 kg or 2.2 lb 2.9 $
Onion, 1 kg or 2.2 lb 2.01 $
Water, 1 L or 1 qt 0.77 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.53 $
Wine, 750 mL bottle 11.5 $
Beer, 0.5 L or 16 fl oz 4.64 $
Cigarette pack 27.2 $

Transportation

One-way Ticket 3.43 $
Monthly Pass 98.8 $
Gas or Petrol, 1l or 0.26 gal 1.32 $
Taxi, 8 km 17 $

Personal Care

Doctor Visit, private clinic 54.7 $
Cold medicine, for 1 week 6.85 $
Hair Shampoo, 400 ml or 12 oz. 7.32 $
Toilet paper, 4 rolls 3.3 $
Toothpaste, 1 tube 3.71 $

Utilities per Month

1 person, electricity, heating, water & garbage 102 $
Family of 4, electricity, heating, water & garbage 158 $
Internet plan, +60 Mbps 44.6 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 885 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,474 $
1 Bedroom Apartment, in city center, 40 sq.m 1,067 $
3 Bedroom Apartment, in city center, 85 sq.m 1,882 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 6,844 $
Price per Square Meter to Buy House, in suburbs 5,286 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,384 $
Mortgage Interest Rate, for 20 years fixed-rate 6.28%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 43.7 $
Cinema, 1 seat 12.6 $
Haircut 21.9 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 102 $
Brand Jeans, Levis 501 79.7 $

Childcare

Preschool, full day, monthly for 1 child 1,874 $
International Primary School, yearly for 1 child 20,008 $

Compare Pakenham with other top cities

Australia
Pakenham vs Melbourne (Melbourne is 33% more expensive) Pakenham vs Sydney (Sydney is 55% more expensive) Pakenham vs Brisbane (Brisbane is 38% more expensive) Pakenham vs Perth (Perth is 30% more expensive) Pakenham vs Adelaide (Adelaide is 24% more expensive) Pakenham vs Gold Coast (Gold Coast is 27% more expensive) Pakenham vs Canberra (Canberra is 33% more expensive) Pakenham vs Sunshine Coast (Sunshine Coast is 4% less expensive) Pakenham vs Wollongong (Wollongong is 15% less expensive) Pakenham vs Ipswich (Ipswich is 4% more expensive)
New Zealand
Pakenham vs Auckland (Auckland is 22% more expensive) Pakenham vs Christchurch (Christchurch is 10% more expensive) Pakenham vs Manukau (Manukau is 7% more expensive) Pakenham vs Wellington (Wellington is 24% more expensive) Pakenham vs Hamilton (Hamilton is 7% less expensive) Pakenham vs Tauranga (Tauranga is 1% less expensive) Pakenham vs Dunedin (Dunedin is 19% less expensive) Pakenham vs Lower Hutt (Lower Hutt is 3% more expensive) Pakenham vs Palmerston North (Palmerston North is 27% less expensive) Pakenham vs Napier (Napier is 22% less expensive)
Marshall Islands
Pakenham vs Majuro (Majuro is 16% less expensive) Pakenham vs Djarrit (Djarrit is 16% less expensive)
Solomon Islands
Pakenham vs Honiara (Honiara is 19% less expensive) Pakenham vs Auki (Auki is 19% less expensive)
Palau
Pakenham vs Melekeok (Melekeok is 35% less expensive) Pakenham vs Ngerulmud (Ngerulmud is 35% less expensive)
Tonga
Pakenham vs Nukualofa (Nukualofa is 47% less expensive) Pakenham vs Mua (Mua is 47% less expensive)
Fiji
Pakenham vs Suva (Suva is 49% less expensive) Pakenham vs Nasinu (Nasinu is 50% less expensive) Pakenham vs Nadi (Nadi is 50% less expensive) Pakenham vs Lautoka (Lautoka is 67% less expensive)
Samoa
Pakenham vs Manase (Manase is 63% less expensive) Pakenham vs Apia (Apia is 63% less expensive)
Nauru
Pakenham vs Yaren (Yaren is 65% less expensive)
Tuvalu
Pakenham vs Funafuti (Funafuti is 67% less expensive) Pakenham vs Vaiaku (Vaiaku is 67% less expensive)
Papua New Guinea
Pakenham vs Port Moresby (Port Moresby is 69% less expensive) Pakenham vs Lae (Lae is 70% less expensive)
Kiribati
Pakenham vs South Tarawa (South Tarawa is 71% less expensive) Pakenham vs London (London is 71% less expensive)