Tokyo vs Melbourne
Salary equivalence calculator
Price-level ratio 1.044. Adjust to recalculate.
| Metric | Tokyo | Melbourne | Difference |
|---|---|---|---|
| Price level index (NYC=100) | 70.9 | 74.0 | +4.4% |
| Rent index (NYC=100) | 45.1 | 58.0 | +28.6% |
| Equivalent of ¥120,000 | ¥120,000 | ¥125,247 | costlier |
- Melbourne is about 4% more expensive than Tokyo, so you need a higher nominal salary to break even.
How far does your salary go in Melbourne?
Moving from Tokyo to Melbourne changes your cost of living in ways a currency conversion can't capture. What matters is purchasing power: how much the same basket of housing, food, transport and services costs in each place. On our index, where New York City = 100, Tokyo sits at 70.9 and Melbourne at 74.0.
That makes Melbourne roughly 4% more expensive. A salary of ¥120,000 in Tokyo translates to about ¥125,247 in Melbourne. Above that and you gain in real terms; below it and you take an effective pay cut.
Housing drives the gap
Rent is the largest and most variable line in most budgets. Melbourne's rent index is 58.0 versus Tokyo's 45.1.
Common mistakes
- Converting currency instead of purchasing power.
- Ignoring taxes, which vary by jurisdiction.
- Forgetting one-off relocation costs.
Bottom line
Melbourne is about 4% more expensive than Tokyo, so you need a higher nominal salary to break even. Use the calculator to plug in your real salary and compare against any concrete offer.
Rent equivalence: Tokyo vs Melbourne
Based on the rent-index ratio of 1.286 (Tokyo 45.1 vs Melbourne 58.0, NYC = 100).
Housing is usually the biggest single difference between two cities, and it moves independently of the overall price level. Renting the equivalent home in Melbourne costs about 29% more than in Tokyo. Enter your actual rent above to see what a like-for-like place would cost after you move — a more honest gauge of affordability than a raw salary conversion, since renters and owners feel very different impacts.
Frequently asked questions
What salary do I need in Melbourne to match Tokyo?
To keep the same standard of living as ¥120,000 in Tokyo, you would need roughly ¥125,247 in Melbourne, a price-level ratio of 1.04.
Is Melbourne more expensive than Tokyo?
Yes, by about 4% on the overall price level.
How much is rent in Melbourne compared to Tokyo?
Rent in Melbourne is about 29% higher than in Tokyo (rent indices 45.1 vs 58.0, NYC = 100). Use the rent calculator on this page for your exact figure.
How is the equivalent salary calculated?
We multiply your salary by the ratio of the two cities' composite price-level indices (housing, food, transport, services), benchmarked so New York City = 100.
Methodology
We build a composite price-level index for each city from official regional price parities and international purchasing-power parities across housing, food, transport and services, normalized so New York City = 100. The equivalent salary is your salary multiplied by the ratio of the destination index to the origin index. It estimates the income needed to hold real purchasing power constant and does not model taxes.