There are many perks to living in Adelaide, the low cost of living being one of them.

Cost of Living in Adelaide  

Adelaide is up to 14% more affordable to live in than other major Australian city and has the lowest average rent in the country.

With lower rent, grocery costs and public transport costs than most Australian cities, you’ll be able to afford more of the wonderful lifestyle that Australia has to offer.

Below is an estimated overview of general weekly expenses. This is a guide only, and costs will vary depending on your lifestyle choices and needs.

Average Student Budget

To help you understand the costs, below is a sample student budget based on a single student living in a shared accommodation in the city.

  • Rent - City (Shared): AUD$185 per week
  • Utility Bill (Shared): AUD$30 per week
  • Grocery: AUD$60 per week
  • Phone and internet: AUD$25 per week
  • Public Transport: AUD$15 per week
  • Entertainment: AUD$80 per week

Setting Up Your Bank Account

Having an Australian bank account gives you easy access to your money while you enjoy your student life in Adelaide.

If you're looking for a trusted local bank, we recommend ANZ Bank.

You can open a bank account with ANZ from your home country by following these steps . Your account will be opened with limited access so you can transfer funds into your account before you arrive. To make withdrawals, transfers and payments, you must first complete a 100 Point Check (identity check) at an ANZ branch in Australia.

Australian Currency

Australia's national currency is the Australian dollar ($, A$ or AUD). Our colourful banknotes depict famous Australians.

Australian coins feature Queen Elizabeth II on one side and Australian imagery on the other.

Infographic of Australian currency - $5 note, $10 note, $20 note, $50 note, $100 note

If you need to exchange your home currency, there are many options in the city, including the ANZ Bank in Rundle Mall.

Money Terms




Automatic teller machine


A service that allows you to pay your bills using internet baking or phone banking


A point of sale electronic payment system used widely in Australian businesses. You can use your debit or credit card to pay for things using an EFTPOS facility.

Debit card

Also known as an ATM card. This allows you to directly access the money in your bank account through ATMs and EFTPOS.


The Goods and Services Tax put on the supply of most goods and services in Australia. Prices displayed in shops usually include the GST.

payWave / PayPass

payWave (Visa) or PayPass (MasterCard) are contactless payments and accepted at most shops in Australia. Contactless payment allows you to pay for purchases under $100 by tapping your card against the reader. There is no need to sign or enter your PIN.


Your Personal Identification Number (PIN) is a four to six-digit number used as a security code to access your bank accounts when you use phone banking, ATMs or EFTPOS.

Every day account

A day-to-day bank account which gives easy access to your money.

Student Stories

Hear from international students about living and studying in Adelaide.

Read more stories