Affordability check · Sydney · NSW

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

No — not on this salary
Weekly take-home
$962/wk
1BR median rent
$785/wk
Leftover after rent + tax + costs
-$247/wk
Rent share of gross
68%

The verdict

Mascot on $60,000/yr

On $60,000/yr, Mascot doesn't add up — typical costs would leave you $247/wk short. You need about $136,067/yr at the 30% rule.

Salary needed (30% rule)
$136,067
/yr gross
Short of 30% rule by
$76,067
/yr
Take-home (after tax)
$50,012
/yr
Annual rent
$40,820
median
Household:

Where your salary goes

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

Tax + Medicare
$192/wk
14%
1BR rent
$785/wk
56%
Essentials
$424/wk
30%
Discretionary
-$247/wk

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

On $60,000/yr — weekly budget

$1,209/week total

Rent
$785/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk

Closest cheaper alternatives

Still over the 30% rule on $60,000/yr, but cheaper than Mascot

Nothing nearby is comfortably affordable on this salary. These are the closest cheaper options — you'd still be over the rental-stress threshold, but less so.

Petersham
Sydney, NSW · 5.2km from Mascot
$670/wk
58% rent
Lewisham
Sydney, NSW · 5.7km from Mascot
$670/wk
58% rent
Kyeemagh
Sydney, NSW · 2.6km from Mascot
$690/wk
60% rent
Banksia
Sydney, NSW · 3.7km from Mascot
$690/wk
60% rent
Brighton-Le-Sands
Sydney, NSW · 3.7km from Mascot
$690/wk
60% rent

Want options under the 30% rule? Try a higher salary bracket or browse the cheapest suburbs nationally.

Rent trajectory

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

$900$913$925$938$950Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Q1 '25 → Q1 '26: +5.6%
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)
$950/wk
Gap above ceiling
+175%

Mascot rents rose 5.56% over the past year. At that pace, the gap to your salary ceiling is widening.

Same suburb, adjacent salary brackets

How affordability shifts in Mascot with a pay change

↑ Higher
$75,000/yr
Mascot
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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