You need $98,800/yr
to live in Ocean Grove
Based on government bond data
1BR median rent
$570/wk
Annual change
—
Rental stress
Yes
i
Rent data is reported as a grouped area
Homes Victoria publishes a single median for Ocean Grove together with Barwon Heads. The figures shown here apply to the whole grouped area.
Location
Geelong, 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
$570/wk
Rent share
45%
You'd have $684/wk left after rent
Weekly budget breakdown
$994/week total
Rent
$570/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
2 BR
$468/wk
3 BR
$560/wk
4+ BR
$650/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,837/wk
Median age
43
Avg household size
2.5
Rent-to-income
31%
Nearby suburbs
Barwon Heads
VIC
$570/wk
$98,800/yr
—
Portsea
VIC
$595/wk
$68,120/yr
—
Grovedale
VIC
$500/wk
$58,934/yr
—
Belmont
VIC
$500/wk
$58,934/yr
—
Torquay
VIC
$685/wk
$118,734/yr
—
Geelong
VIC
$470/wk
$65,867/yr
—
About renting in Ocean Grove
Ocean Grove is located in Geelong, VIC. The median weekly rent is $570, meaning a single person needs to earn at least $98,800 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.