You need $91,000/yr
to live in North Melbourne
Based on government bond data
1BR median rent
$525/wk
Annual change
—
Rental stress
Yes
i
Rent data is reported as a grouped area
Homes Victoria publishes a single median for North Melbourne together with West Melbourne. 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
$600/wk
Rent share
48%
You'd have $654/wk left after rent
Weekly budget breakdown
$949/week total
Rent
$525/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$525/wk
2 BR
$660/wk
3 BR
$882/wk
4+ BR
$1,080/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,717/wk
Median age
31
Avg household size
2
Rent-to-income
35%
Nearby suburbs
Parkville
VIC
$620/wk
$86,667/yr
—
Kensington
VIC
$570/wk
$81,467/yr
—
Flemington
VIC
$570/wk
$81,467/yr
—
Carlton
VIC
$620/wk
$86,667/yr
—
Docklands
VIC
$700/wk
$104,000/yr
—
Carlton North
VIC
$760/wk
$74,534/yr
—
About renting in North Melbourne
North Melbourne is located in Melbourne, VIC. The median weekly rent is $600, meaning a single person needs to earn at least $91,000 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.