Is Aud 75000 sufficient for a couple to live in sydney where one person is working and the other studying?

Accommodation:

- Rent can vary greatly depending on location, type of housing and amenities.

- A one bedroom apartment ranges between AUD 350 - 600 per week.

- Studio apartments may be slightly cheaper.

-Bills(electricity, gas, internet) may add another AUD 150 - 200 per month

Food

- Grocery shopping for basic needs per month, can cost around AUD 200 - 300

- Eating out at restaurants can be expensive, but there are many affordable options too.

A meal at a casual restaurant may cost around AUD 25 - 30 per person.

Transportation

- Public transport is convenient and a weekly pass cost about AUD 50.

- Fuel for a car can cost around AUD 100 - 150 per week, depending on usage

Entertainment

- Cinema tickets range between AUD 15 - 25,

- Theatre shows and concerts can be more expensive.

Other Expenses:

- Health insurance can cost around AUD 100 - 150 per month per person.

- Phone bills and internet may be around AUD 50 - 100 per month

AUD 75, 000 per year equates to approximately AUD 6, 250 per month. After deducting rent and bills ( assuming an average of AUD 2, 000 per month), there would be around AUD 4,250 for other expenses. This amount may be sufficient to cover basic living costs assuming the studying individual does not have substantial additional expenses and can perhaps earn a part-time income to supplement your budget. However, it is essential to note the cost of living in Sydney can be high and this budget may be tight. Living expenses also vary based on individual preferences and lifestyle choices, so it is advisable to carefully plan your budget and look for cost-saving options.

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