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this post was submitted on 28 Nov 2024
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Australia
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We're paying $39k/year for a 3x2. There are full time jobs out there paying less than that. Yes, we're in a nice location, but awful locations are not that much cheaper.
I am not surprised many people are doing it tough. The median salary in Australia is currently $80k. Take $16.5k for tax and you're left with $63.5k take-home. Say you find a cheap house to rent at only $30k/ year ($575/week - doable for now, but you're likely far from town).
Now your family is living on $33.5k for the year. Less than $650 a week for everything else. Food, transport, utilities, etc.
$80k was a good salary 10 years ago. I don't know how you could raise a family on it, today. And half of Australia is making less than that!
Yeah that 'average salary' is lies damned lies and statistics
The actual median personal income is around $58k
When you break it down by region it makes a bit more sense but plenty of people are still doing it tough.