Overall, the cost of living in Australia is a little more expensive than in the UK. How do we know this? Well we’ve compared a number of factors in both countries and then factored in today\u2019s exchange rates to do a lot of the homework for you.<\/p>\n
Consumer prices, including rent, are roughly 30% higher in Australia than the UK, while grocery prices can be up to 40% higher. But this doesn\u2019t paint the whole picture. According to the Expatistan Cost of Living Index, London is actually overall 9% more expensive than Sydney. That’s great news if your a Londoner since Sydney is the most expensive city in Australia, with prices nearly 10% more expensive than Melbourne and up to 15% more expensive than the Gold Coast.<\/a>[1]<\/a><\/p>\n You can gain a better understanding of the cost of living in Australia, or your chosen city, by\u00a0comparing everyday necessities like food, housing, leisure activities, eating out, transport, clothing and more.<\/p>\n Similarities and differences between UK and Australian tax<\/strong><\/p>\n Table comparing Australian and UK tax rates\u00a0<\/strong><\/p>\n Footnotes:<\/span><\/strong><\/p>\n [1]<\/a> https:\/\/www.expatistan.com\/cost-of-living\/comparison\/london\/sydney<\/p>\nTax in Australia<\/h2>\n
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\n AUSTRALIA<\/strong><\/th>\n UK<\/strong><\/th>\n<\/tr>\n \n Taxable income<\/strong><\/td>\n Tax Rate on this Income<\/strong><\/td>\n Taxable income<\/strong><\/td>\n Tax Rate on this Income<\/strong><\/td>\n<\/tr>\n \n Up to $18,200<\/td>\n 0%<\/td>\n Up to \u00a311,500<\/td>\n 0%<\/td>\n<\/tr>\n \n $18,201 \u2013 $37,000<\/td>\n 19.0%<\/td>\n \u00a311,501 \u2013 \u00a345,000<\/td>\n 20%<\/td>\n<\/tr>\n \n $37,001 \u2013 $80,000<\/td>\n 32.5%<\/td>\n<\/tr>\n \n $80,001 \u2013 $180,000<\/td>\n 37.0%<\/td>\n \u00a345,001 \u2013 \u00a3150,000<\/td>\n 40%<\/td>\n<\/tr>\n \n $180,001 and over<\/td>\n 45.0%<\/td>\n \u00a3150,000 and over<\/td>\n 45%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n