🇦🇺 Sydney · AUD salary guide
Is A$15,000 enough in Sydney?
A full breakdown of whether A$15,000/month covers the cost of living in Sydney — including take-home pay after tax, monthly costs, your savings rate, and how long until financial independence.
💡 At a 50% savings rate, you could reach financial independence in approximately 14 years — retiring with a portfolio of A$1,530,000 covering all your Sydney costs indefinitely at a 4% withdrawal rate. Superannuation (11% employer contribution on top of salary). Additional ETF investing via CommSec or Pearler.
Key facts about Sydney
High housing costs are the main headwind. Superannuation provides a solid retirement base but is locked until 60. Strong professional salaries.
Tax situation
Income tax up to 45% plus 2% Medicare levy. A A$100,000 salary takes home roughly A$73,000.
Best investment accounts
Superannuation (11% employer contribution on top of salary). Additional ETF investing via CommSec or Pearler.
Your path to financial independence in Sydney
FIRE number for SydneyBased on average costs of A$5100/month, your financial independence number is A$1,530,000 — the portfolio that covers your costs indefinitely at a 4% annual withdrawal.