You need $60,667/yr
to live in Frankston
Based on government bond data
1BR median rent
$350/wk
Annual change
—
Rental stress
Yes
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
$774/week total
Rent
$350/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$350/wk
2 BR
$475/wk
3 BR
$560/wk
4+ BR
$670/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,387/wk
Median age
39
Avg household size
2.2
Rent-to-income
40%
Nearby suburbs
Seaford
VIC
$560/wk
$65,867/yr
—
Carrum Downs
VIC
$560/wk
$65,867/yr
—
Carrum
VIC
$620/wk
$75,400/yr
—
Mornington
VIC
$695/wk
$120,467/yr
—
Chelsea
VIC
$620/wk
$75,400/yr
—
Cranbourne
VIC
$580/wk
$69,334/yr
—
About renting in Frankston
Frankston is located in Melbourne, VIC. The median weekly rent is $550, meaning a single person needs to earn at least $60,667 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.