You need $74,534/yr
to live in Essendon
Based on government bond data
1BR median rent
$430/wk
Annual change
—
Rental stress
No
Location
Melbourne, VIC
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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
$550/wk
Rent share
44%
You'd have $704/wk left after rent
Weekly budget breakdown
$854/week total
Rent
$430/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$430/wk
2 BR
$510/wk
3 BR
$650/wk
4+ BR
$895/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,132/wk
Median age
39
Avg household size
2.4
Rent-to-income
26%
Nearby suburbs
Moonee Ponds
VIC
$575/wk
$78,000/yr
—
Pascoe Vale South
VIC
$600/wk
$73,667/yr
—
West Brunswick
VIC
$480/wk
$69,334/yr
—
Oak Park
VIC
$530/wk
$66,734/yr
—
Pascoe Vale
VIC
$550/wk
$48,534/yr
—
Ascot Vale
VIC
$575/wk
$78,000/yr
—
About renting in Essendon
Essendon is located in Melbourne, VIC. The median weekly rent is $550, meaning a single person needs to earn at least $74,534 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.