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

Sydney

Australia

COL index 82.4

vs
Tokyo

Japan

COL index 72.4

Sydney vs Tokyo — Cost of Living, Salary & Tax Compared (2026)

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The verdict

Living in Tokyo is 12.1% cheaper than Sydney for the same lifestyle.

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

§ 01

Side-by-side stats

Better for salary
Better for cost
SydneyMetricTokyoΔ
82.4Cost of living index72.4-12.1%
€50,000Median gross salary€50,0000.0%
€43,283Net at €50,000 gross€43,154-0.3%
€2,480Rent — 1BR centre€1,780-28.2%
€3,421Monthly COL (single)€2,595-24.1%
€52,528PPP — net / COL€59,605+13.5%
13.4%Effective tax @ €50,00013.7%+1.9%
§ 02

Monthly expenses — paired

Sydney Tokyo
Rent — 1BR centre
Sydney
€2,480
Tokyo
€1,780
Groceries
Sydney
€462
Tokyo
€415
Utilities
Sydney
€248
Tokyo
€215
Transport
Sydney
€118
Tokyo
€95
Internet
Sydney
€55
Tokyo
€42
Gym
Sydney
€58
Tokyo
€48
§ 03

Salary equivalence

50,000 gross in Australia = €3,607 net monthly.

To have the same purchasing power in Tokyo, you would need roughly €44,063 gross in Japan (≈ €3,169 net monthly, adjusted for cost-of-living index).

€50,000
Sydney
€43,283
Net annual · 13.4% effective
PPP-adjusted equivalent
€52,528
Tokyo
€43,154
Net annual · 13.7% effective
PPP-adjusted equivalent
€59,605
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§ 04

Pros & cons

Sydney
  • High cost of living (index 82)
  • +Favourable tax rate (13.4%)
  • High rent-to-income ratio (68.8%)
Tokyo
  • +Significantly cheaper rent (€1,780)
  • +Favourable tax rate (13.7%)
  • High rent-to-income ratio (49.5%)
§ 05

The verdict

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

§ 06

Frequently asked

Is Sydney cheaper than Tokyo?+

Tokyo is cheaper. Cost-of-living index: Sydney 82.4, Tokyo 72.4 — a 12.1% difference (Q1 2026).

What is the cost of living difference between Sydney and Tokyo?+

Sydney sits at 82.4 on our COL index, Tokyo at 72.4. That works out to roughly 12.1% — Tokyo being the cheaper of the two.

Is Sydney a good place to live compared to Tokyo?+

It depends on priorities. Sydney delivers €43,283 net on a €50,000 gross salary at a 13.4% effective tax rate. Tokyo delivers €43,154 at 13.7%. Centre 1-bed rent: €2,480 vs €1,780.

How do salaries compare in Sydney vs Tokyo?+

On a €50,000 gross salary, take-home is €43,283/year (€3,607/month) in Sydney and €43,154/year (€3,596/month) in Tokyo.

Which city has lower taxes, Sydney or Tokyo?+

Australia has the lower effective rate at €50,000: Australia 13.4%, Japan 13.7%.

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