Savings rate in Sydney — are you on track?
Sydney is a very high cost city. Sydney median rent exceeded A$2,800/month in 2023, the highest in Australia by a wide margin. Sydney's housing crisis means even high-income earners can struggle to save above the national benchmark.
Median rent
A$2,800/mo
Sydney 2023
Typical other costs
A$2,400/mo
excl. housing
Savings benchmark
4–13%
mid-income AUD
Pre-set for Sydney — adjust to your situation
What a good savings rate looks like in Sydney
Using data from ABS Household Expenditure Survey 2022/23, people at mid-range incomes in Australia typically save between 4–13% of gross income. In a very high cost city like Sydney, housing costs can compress that meaningfully — especially for renters.
Source: ABS Household Expenditure Survey 2022/23. Benchmarks shown for mid-income earners in Australia.
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