In recent years, Australia has experienced a sharp rise in the cost of living, with cities like Melbourne leading the charge. Inflation, increased housing demand, and higher utility costs have made urban living more expensive than ever.
For many, the search for affordability and a better work-life balance has led them to regional cities like Geelong.
Situated just an hour away from Melbourne, Geelong offers a coastal lifestyle, growing infrastructure, and a lower cost of living, making it an increasingly popular alternative.
If you’re considering relocating to Geelong or weighing your options between these two cities, it’s essential to understand the key differences in living expenses. From housing to transportation and education, here’s a detailed comparison to help you decide.
Housing: Coastal Affordability vs. Metropolitan Premiums
Housing is a major expense, and the gap between Melbourne and Geelong is noticeable.
Melbourne’s median house price stands at approximately $850,000, with rental prices for a standard three-bedroom home averaging $450–$550 per week in suburban areas.
In trendy inner-city neighborhoods like Southbank or Fitzroy, rents often exceed $600–$800 per week for apartments.
In contrast, Geelong offers a more affordable housing market. The median house price is about $700,000, while rentals for a three-bedroom home range between $400–$500 per week.
Waterfront apartments or homes in central Geelong may command higher prices, but they remain more affordable than Melbourne’s equivalents. For families or first-home buyers, Geelong provides the chance to own a spacious home at a fraction of Melbourne’s cost.
Transportation: Accessibility vs. Cost Efficiency
Transportation costs are a critical factor when comparing Melbourne and Geelong.
Melbourne boasts an extensive public transportation network, including trains, trams, and buses, but convenience comes at a price.
A monthly Myki pass for unlimited travel across Zones 1 and 2 costs around $160, adding up to nearly $2,000 annually. Parking fees in the CBD often range from $30–$50 per day, and toll roads further increase commuting expenses for drivers.
Geelong, with its smaller size and fewer congestion issues, offers more economical options. A monthly public transport pass costs about $90, and parking is much cheaper, with many free or low-cost spaces available.
For commuters to Melbourne, the Geelong line train provides a direct and affordable option. Additionally, the absence of toll roads within Geelong ensures savings for drivers.
Dining and Groceries: Sophistication vs. Local Charm
Melbourne is renowned for its vibrant food culture, featuring everything from high-end restaurants to bustling food markets. However, dining out comes with a price.
A mid-range restaurant meal for two costs approximately $80–$120, while a coffee averages $5–$6. Grocery prices are slightly higher in Melbourne due to increased operating costs for businesses.
Geelong’s dining scene, while smaller, delivers quality experiences with a more regional charm. A meal for two in Geelong typically costs $60–$100, and coffee prices hover around $4–$5.
The proximity to agricultural regions also contributes to marginally lower grocery costs, offering residents better value for money.
Utilities: Living Costs with a Coastal Advantage
Utilities, including electricity, water, and gas, are essential expenses, and Geelong has the upper hand in affordability.
In Melbourne, the average monthly utility bill for a household is approximately $250–$300, driven by higher demand and energy consumption. Internet plans range from $70–$100 per month, depending on speed and provider.
In Geelong, the monthly utility costs are slightly lower, averaging $200–$250. The milder coastal climate can reduce the need for heating and cooling, further contributing to savings.
Internet prices are comparable but often come with better deals in regional areas.
Moving Costs: Relocation Expenses Between Melbourne and Geelong
The cost of hiring a removalist can vary depending on the size of your move, distance, and services required.
Removalists services in Melbourne typically charge $150–$200 per hour, with local moves ranging from $500 to $2,000.
Moving between Melbourne and Geelong, however, falls into a mid-range category. The average cost for such relocations is $800–$1,500, depending on factors like the volume of items and additional services, such as packing or storage.
Geelong-based removalists often offer more competitive rates for local moves, with hourly costs averaging $100–$150.
For reliable and stress-free relocation services, you can count on Removalist Melbourne to Ballarat, who also specialize in moves to Geelong.
Education: Opportunities for Families
Education is an important consideration for families, and both cities offer a range of options.
Melbourne is home to some of Australia’s most prestigious schools and universities, but the associated costs can be high.
Private school tuition in Melbourne ranges from $15,000–$40,000 annually, while public schools in sought-after zones often come with higher housing costs.
Renowned institutions like the University of Melbourne and RMIT attract students globally but involve higher living expenses.
Geelong provides quality education at a more affordable price point. Public schools are highly regarded, and private school tuition ranges from $5,000–$15,000 annually.
Deakin University, located in Geelong, offers world-class education with lower living costs, making it an excellent option for students seeking affordability.
Lifestyle and Entertainment: Vibrant City vs. Coastal Serenity
Melbourne’s cultural offerings are unparalleled, with theaters, galleries, concerts, and festivals happening year-round.
These activities, however, often come with premium costs. Movie tickets average $22, and gym memberships range from $60–$100 per month. For those who enjoy nightlife, the expenses can quickly add up.
Geelong, while quieter, offers a lifestyle rich in outdoor activities. From exploring the Bellarine Peninsula and its wineries to enjoying the city’s parks and coastal trails, Geelong prioritizes a laid-back, family-friendly atmosphere.
Gym memberships in Geelong are more affordable, averaging $40–$60 per month, and the city’s numerous free or low-cost events enhance its appeal.
Salaries and Employment Opportunities
As a major economic hub, Melbourne offers higher salaries, with a median income of approximately $80,000 annually. Its diverse industries provide broad career opportunities, particularly in finance, tech, and healthcare.
In Geelong, the median income is slightly lower at $70,000, but the city’s growing industries, including education, health, and advanced manufacturing, offer promising prospects.
Many residents also commute to Melbourne for work, balancing higher salaries with Geelong’s affordable living costs.
Choosing Between Melbourne and Geelong
Both Melbourne and Geelong have their unique strengths, and your choice will depend on your lifestyle preferences and financial goals.
Melbourne offers vibrant urban living and diverse opportunities but at a higher cost. Geelong, on the other hand, combines affordability with coastal charm, making it an excellent choice for families, retirees, and those seeking a more relaxed pace.
If you’re planning to move between these two cities, it’s essential to choose a professional removalist to ensure a smooth transition. Visit Removalist Melbourne to Geelong for tailored and reliable services.
Final Thoughts
The decision between Melbourne and Geelong ultimately comes down to priorities. Melbourne delivers fast-paced city living with endless cultural and career opportunities, while Geelong offers a more affordable and tranquil lifestyle.
Regardless of your choice, both cities provide access to Victoria’s best, ensuring a fulfilling experience no matter where you call home.
