Vol. III · No. 47 · Q1 2026 EditionUpdated Weekly · ECB FX

WorthOf

A global ledger of salary, tax & the price of living

City Comparison · Updated May 2026

Auckland

New Zealand

COL index 74.8

vs
Melbourne

Australia

COL index 78.8

Auckland vs Melbourne — Cost of Living, Salary & Tax Compared (2026)

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The verdict

Living in Auckland is 5.1% cheaper than Melbourne for the same lifestyle.

Based on Q1 2026 COL index and median single-person expenditure.

§ 01

Side-by-side stats

Better for cost
Better for salary
AucklandMetricMelbourneΔ
74.8Cost of living index78.8+5.3%
€50,000Median gross salary€50,0000.0%
€42,342Net at €50,000 gross€43,283+2.2%
€2,080Rent — 1BR centre€2,180+4.8%
€2,948Monthly COL (single)€3,070+4.1%
€56,607PPP — net / COL€54,928-3.0%
15.3%Effective tax @ €50,00013.4%-12.3%
§ 02

Monthly expenses — paired

Auckland Melbourne
Rent — 1BR centre
Auckland
€2,080
Melbourne
€2,180
Groceries
Auckland
€430
Melbourne
€438
Utilities
Auckland
€228
Melbourne
€235
Transport
Auckland
€108
Melbourne
€110
Internet
Auckland
€50
Melbourne
€52
Gym
Auckland
€52
Melbourne
€55
§ 03

Salary equivalence

50,000 gross in New Zealand = €3,529 net monthly.

To have the same purchasing power in Melbourne, you would need roughly €51,960 gross in Australia (≈ €3,717 net monthly, adjusted for cost-of-living index).

€50,000
Auckland
€42,342
Net annual · 15.3% effective
PPP-adjusted equivalent
€56,607
Melbourne
€43,283
Net annual · 13.4% effective
PPP-adjusted equivalent
€54,928
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§ 04

Pros & cons

Auckland
  • +Lower rent (€2,080 vs €2,180)
  • +Favourable tax rate (15.3%)
  • High rent-to-income ratio (58.9%)
Melbourne
  • High cost of living (index 79)
  • +Favourable tax rate (13.4%)
  • High rent-to-income ratio (60.4%)
§ 05

The verdict

Across the data, Melbourne delivers a higher take-home on a €50,000 gross salary; Auckland carries a lower cost-of-living index; Melbourne has the lighter effective tax burden; Auckland wins on purchasing power after costs are netted out. If purchasing power is your north star, Auckland edges it.

§ 06

Frequently asked

Is Auckland cheaper than Melbourne?+

Auckland is cheaper. Cost-of-living index: Auckland 74.8, Melbourne 78.8 — a 5.1% difference (Q1 2026).

What is the cost of living difference between Auckland and Melbourne?+

Auckland sits at 74.8 on our COL index, Melbourne at 78.8. That works out to roughly 5.1% — Auckland being the cheaper of the two.

Is Auckland a good place to live compared to Melbourne?+

It depends on priorities. Auckland delivers €42,342 net on a €50,000 gross salary at a 15.3% effective tax rate. Melbourne delivers €43,283 at 13.4%. Centre 1-bed rent: €2,080 vs €2,180.

How do salaries compare in Auckland vs Melbourne?+

On a €50,000 gross salary, take-home is €42,342/year (€3,529/month) in Auckland and €43,283/year (€3,607/month) in Melbourne.

Which city has lower taxes, Auckland or Melbourne?+

Australia has the lower effective rate at €50,000: New Zealand 15.3%, Australia 13.4%.

Related

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