Affordability check · Sydney · NSW

Can I afford to live in Haymarket on $60,000/yr?

No, not on this salary
Weekly take-home
$962/wk
1BR median rent
$569/wk
Leftover after rent + tax + costs
-$31/wk
Rent share of gross
49%

The verdict

Haymarket on $60,000/yr

On $60,000/yr, Haymarket doesn't add up: typical costs would leave you $31/wk short. You need about $98,627/yr at the 30% rule.

Salary needed (30% rule)
$98,627
/yr gross
Short of 30% rule by
$38,627
/yr
Take-home (after tax)
$50,012
/yr
Annual rent
$29,588
median
Household:

Where your salary goes

$60,000/yr gross · $1,154/wk · single household

Tax + Medicare
$192/wk
16%
1BR rent
$569/wk
48%
Essentials
$424/wk
36%
Discretionary
-$31/wk

Essentials use indicative averages (groceries, transport, utilities, insurance, other). Adjust them in the budget tool below.

On $60,000/yr: weekly budget

$993/week total

Rent
$569/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk

No cheaper nearby suburbs

Haymarket is already among the cheapest in its area. To go cheaper you'll need to look further afield: browse the cheapest suburbs nationally.

Rent trajectory

Haymarket quarterly median vs your salary's 30%-rule ceiling

$550$563$575$588$600Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Q1 '25 → Q1 '26: +4.2%
Dashed segments are estimated from the suburb's annual rent change. They will be replaced with actual bond data as new quarters are published.
30% ceiling on $60,000/yr
$346/wk
Current median (all beds)
$600/wk
Gap above ceiling
+73%

Haymarket rents rose 4.17% over the past year. At that pace, the gap to your salary ceiling is widening.

Same suburb, adjacent salary brackets

How affordability shifts in Haymarket with a pay change

↑ Higher
$75,000/yr
Haymarket
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This suburb affordability view is one layer of your NestLedger: rent, salary and household cost context for Australian money decisions.

Estimates only. Not financial advice. See methodology. Read more