The cost of living in Australia varies significantly by city, with Sydney and Melbourne being the most expensive due to high rental costs, while cities like Brisbane and Adelaide are more affordable. Major expenses include housing, which can range from AUD 1,200 to AUD 3,500 per month for a one-bedroom apartment depending on location, plus an additional AUD 200 to AUD 400 for utilities. Other costs, like groceries, are comparable to some other countries, but dining out can be more expensive.

Students on an Australian student visa can work a maximum of 40 hours per fortnight while their course is in session, but this limit is different for graduate researchers (who have unlimited hours) and other specific student types. Students can work unlimited hours during scheduled breaks, and there are specific rules for graduate students, who have unlimited hours during term time and can work unlimited hours during breaks. Some students, like those studying a master's or doctorate, can work unlimited hours when their course is in session. Students must maintain their enrollment in a registered course, attend classes, and make satisfactory academic progress.