This estimate compares your entered monthly income with typical monthly costs for a single person in Australia. Costs can vary significantly by city, neighborhood, and lifestyle choices. This analysis is for informational purposes only and should not be considered financial advice.

Financial Summary

Monthly Cost Breakdown

Key Factors

• •With a savings rate of 49.1%, you can save a substantial portion of your income. This provides strong financial security, allows for emergency funds, and supports long-term financial goals like investments or major purchases.
• •Housing costs consume 31.6% of your net income, exceeding the recommended 30% threshold. While manageable, this reduces flexibility in other spending categories and may limit your ability to save or handle unexpected costs.
• •Based on the financial analysis, this income level supports a very comfortable lifestyle. You have substantial discretionary income after covering all essential costs, allowing for savings, investments, travel, dining out, and other lifestyle choices without significant financial stress.