The Cost of Living in Australia Compared to the UK

There are many factors to consider in making a decision on immigrating to another country. The major factor to look into is the cost of living in the country of destination. One of the most popular countries to immigrate to is Australia and here a comparison would be made on the cost of living in Australia and the UK.

The basic cost of living in Australia compares favorably to the other countries in the world, such as the UK. However, there has been a marked increase in the cost of living in Australia. This increase started when the Olympics were held in Sydney last 2000 and this put Australia in the forefront of the world stage.

One basic component of cost of living is the cost of property. When moving overseas, it is important to know whether you would be able to afford the costs of your home in the UK when you move to Australia. Comparatively, the cost of property in the UK is amongst the highest in the world and thus making it relatively cheaper to have a home in Australia. Do be wary of the costs, as some urban centers such as Sydney, Melbourne and Perth would have nearly same the costs as homes in the UK.

Another major component of cost of living in Australia compared to the UK is the cost of fuel or petrol. The fuel costs in UK are twice that of Australia and this has a direct impact on the overall cost of transportation in the country. Since Australia has a much larger land area then the UK, it is considered a blessing that the costs of petrol are much lower compared to that in the UK.

The income tax system in Australia requires a higher contribution compared to that of the UK system. This though is not a problem because of the high demand of skilled workers Down Under makes up for these costs and probably be earning so much more compared to what you can earn working in the UK. Overall, the income tax rate is 30% while the UK has a tax rate of 22%. This may be subject to change at any time so it is best to be properly apprised of the rates as you go along.

As for the cost of food, Australia has experienced a larger increase in the cost of food in the last decade compared to that of UK costs. This is due mainly to the increase in the cost of living in Australia compared to the UK. The increase though still does not make the cost of food in Australia higher than that of the UK. This may not remain as such for long as the Australian economy and population experiences growth in the future.

As you can see, there is a great difference in the cost of living in Australia compared to the UK. The key is finding employment that is able to provide you the resources to maintain a comfortable standard of living wherever you are in the world.

colon cancer symptoms Cheap insurance Treadmill