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Cost of Living - Family of Five - Perth

Cost of Living - Family of Five - Perth

Old Jul 1st 2008, 3:04 pm
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Default Cost of Living - Family of Five - Perth

Does anyone have any info/advice on the cost of living for a family of five (2 adults, 2 pre teens and 1 baby).

Hope to live in Woodvale area and will need two cars. Will not have mortage and I have worked out that I would need to be on $55k minimum to cover expenses ie. bills, food, rates, telephone etc, etc., but not sure if this is enough.

Perhaps anyone already in Perth, in similar circumstances could post reply with what their gross wage is and what their take home pay is.

Thanks
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Old Jul 2nd 2008, 7:49 am
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Default Re: Cost of Living - Family of Five - Perth

Originally Posted by bailey2008 View Post
Does anyone have any info/advice on the cost of living for a family of five (2 adults, 2 pre teens and 1 baby).

Hope to live in Woodvale area and will need two cars. Will not have mortage and I have worked out that I would need to be on $55k minimum to cover expenses ie. bills, food, rates, telephone etc, etc., but not sure if this is enough.

Perhaps anyone already in Perth, in similar circumstances could post reply with what their gross wage is and what their take home pay is.

Thanks
I think you are spot on $55k would be pretty much the absolute minimum. You would get about $500 a month in family tax benefit payments on that sort of income too, which helps.

Your take home would be approx $3000 a month on 55K
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Old Jul 2nd 2008, 9:59 am
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Default Re: Cost of Living - Family of Five - Perth

Renth mentioned tax credits, I found this link to work out what you'd be entitled to.... You have to make up some of the dates etc... but it will give you a figure and you can play about with incomes to see how much you can get.

I hope that you find it useful when thinking about what sort of income you'll need

http://www.ato.gov.au/individuals/co...tent/10712.htm
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Old Jul 4th 2008, 12:34 pm
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Default Re: Cost of Living - Family of Five - Perth

Originally Posted by alipally View Post
Renth mentioned tax credits, I found this link to work out what you'd be entitled to.... You have to make up some of the dates etc... but it will give you a figure and you can play about with incomes to see how much you can get.

I hope that you find it useful when thinking about what sort of income you'll need

http://www.ato.gov.au/individuals/co...tent/10712.htm
Thats a very usefull link. Thanks.

Ian.
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