You need $76,267/yr
to live in Ringwood
Based on government bond data
1BR median rent
$440/wk
Annual change
—
Rental stress
Yes
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
$560/wk
Rent share
45%
You'd have $694/wk left after rent
Weekly budget breakdown
$864/week total
Rent
$440/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$440/wk
2 BR
$520/wk
3 BR
$620/wk
4+ BR
$710/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,654/wk
Median age
38
Avg household size
2.4
Rent-to-income
34%
Nearby suburbs
Mitcham
VIC
$580/wk
$75,400/yr
—
Vermont
VIC
$650/wk
$91,867/yr
—
Donvale
VIC
$700/wk
$81,467/yr
—
Nunawading
VIC
$580/wk
$75,400/yr
—
Wantirna
VIC
$620/wk
$49,747/yr
—
Croydon
VIC
$600/wk
$62,920/yr
—
About renting in Ringwood
Ringwood is located in Melbourne, VIC. The median weekly rent is $560, meaning a single person needs to earn at least $76,267 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.