You need $69,334/yr
to live in Mill Park
Based on government bond data
1BR median rent
$400/wk
Annual change
—
Rental stress
Yes
i
Rent data is reported as a grouped area
Homes Victoria publishes a single median for Mill Park together with Epping. The figures shown here apply to the whole grouped area.
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
$530/wk
Rent share
42%
You'd have $724/wk left after rent
Weekly budget breakdown
$824/week total
Rent
$400/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$400/wk
2 BR
$450/wk
3 BR
$520/wk
4+ BR
$600/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,735/wk
Median age
40
Avg household size
2.7
Rent-to-income
31%
Nearby suburbs
Bundoora
VIC
$560/wk
$72,800/yr
—
Lalor
VIC
$500/wk
$65,000/yr
—
Epping
VIC
$530/wk
$69,334/yr
—
Thomastown
VIC
$500/wk
$65,000/yr
—
Greensborough
VIC
$560/wk
$72,800/yr
—
Reservoir
VIC
$530/wk
$69,334/yr
—
About renting in Mill Park
Mill Park is located in Melbourne, VIC. The median weekly rent is $530, meaning a single person needs to earn at least $69,334 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.