You need $86,667/yr
to live in South Yarra
Based on government bond data
1BR median rent
$500/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
$620/wk
Rent share
49%
You'd have $634/wk left after rent
Weekly budget breakdown
$924/week total
Rent
$500/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$500/wk
2 BR
$700/wk
3 BR
$1,100/wk
4+ BR
$1,700/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$2,063/wk
Median age
33
Avg household size
1.7
Rent-to-income
30%
Nearby suburbs
Windsor
VIC
$590/wk
$79,734/yr
—
Richmond
VIC
$675/wk
$88,400/yr
—
Prahran
VIC
$590/wk
$79,734/yr
—
Toorak
VIC
$688/wk
$77,134/yr
—
Burnley
VIC
$675/wk
$88,400/yr
—
East Melbourne
VIC
$650/wk
$90,134/yr
—
About renting in South Yarra
South Yarra is located in Melbourne, VIC. The median weekly rent is $620, meaning a single person needs to earn at least $86,667 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.