You need $121,334/yr
to live in Bankstown
Based on government bond data
1BR median rent
$700/wk
Annual change
+7.7%
Rental stress
Yes
Location
Sydney, NSW
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Rent trend
Quarterly median rent
Can you afford it?
Enter your gross salary to check
$85,000
Weekly take-home
$1,254/wk
Weekly rent
$700/wk
Rent share
56%
You'd have $554/wk left after rent
Weekly budget breakdown
$1,124/week total
Rent
$700/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
2 BR
$620/wk
3 BR
$780/wk
4+ BR
$1,000/wk
Annual change
+7.7%
Quarterly change
+4.5%
Suburb snapshot
ABS Census 2021
Median household income
$1,331/wk
Median age
34
Avg household size
2.9
Rent-to-income
53%
Nearby suburbs
Mount Lewis
NSW
$645/wk
$90,134/yr
+4.0%
Condell Park
NSW
$630/wk
$88,054/yr
+1.6%
Punchbowl
NSW
$480/wk
$49,920/yr
+2.1%
Yagoona
NSW
$700/wk
$121,334/yr
+7.7%
Greenacre
NSW
$750/wk
$93,600/yr
-6.3%
Padstow
NSW
$835/wk
$144,734/yr
+4.4%
About renting in Bankstown
Bankstown is located in Sydney, NSW. The median weekly rent is $700, meaning a single person needs to earn at least $121,334 per year to keep rent below 30% of income.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark — spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records — NSW DCJ, QLD RTA, and VIC DFFH. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.