You need $104,000/yr
to live in Palm Cove
Based on government bond data
1BR median rent
$600/wk
Annual change
—
Rental stress
Yes
Location
Cairns, QLD
Loading map...
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
$1,024/week total
Rent
$600/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
2 BR
$550/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,527/wk
Median age
53
Avg household size
2.1
Rent-to-income
39%
Nearby suburbs
Clifton Beach
QLD
$620/wk
$107,467/yr
—
Kewarra Beach
QLD
$725/wk
$125,667/yr
—
Trinity Beach
QLD
$660/wk
$114,400/yr
—
Trinity Park
QLD
$700/wk
$121,334/yr
—
Smithfield
QLD
$685/wk
$118,734/yr
—
Kuranda
QLD
$450/wk
$78,000/yr
—
About renting in Palm Cove
Palm Cove is located in Cairns, QLD. The median weekly rent is $600, meaning a single person needs to earn at least $104,000 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.