Cost of living
Lake Shore compared to West Melbourne
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Overview comparison
Lake ShoreWest Melbourne
Consumer prices in West Melbourne are roughly 12% higher than in Lake Shore.
Cost of living
| Item | Lake Shore | West Melbourne |
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| Total with rent one person | 2,284 | 2,542 |
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| Total with rent family | 5,698 | 6,373 |
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| Without rent one person | 834 | 991 |
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| Without rent one family | 2,406 | 3,231 |
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| Rent & Utilities person | 1,760.14 | 1,496.69 |
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| Rent & Utilities family | 2,669.32 | 2,325.53 |
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| Food person | 715 | 656 |
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| Food family | 1,621 | 1,618 |
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| Transport person | 111.84 | 82.56 |
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| Transport family | 311.35 | 235.99 |
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| Life expectancy | 81.14 years | 73.94 years |
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Eating Out
| Item | Lake Shore | West Melbourne |
|---|
| Lunch Menu | 20.72 | 16.43 |
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| Dinner in a Restaurant, for 2 | 66.77 | 81.22 |
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| Fast food meal, equiv. McDonald's | 9.32 | 9.38 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 6.47 | 6.92 |
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| Cappuccino | 4.33 | 5.5 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.3 | 2.12 |
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Rent & Utilities
| Item | Lake Shore | West Melbourne |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,506.63 | 1,448.14 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,198.26 | 1,106.49 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 3,126.72 | 3,031.36 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,250.03 | 2,946.14 |
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| Utility Bill one person, electricity, heating, water, etc. | 119.67 | 110.56 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 183.54 | 170.46 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 70.1 | 56.87 |
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Transportation
| Item | Lake Shore | West Melbourne |
|---|
| Local transport ticket | 6.14 | 5.96 |
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| Monthly ticket local transport | 4,711 | 5,248 |
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| Taxi Ride, 8 km or 5 mi | 3,431 | 3,380 |
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| Gas / Petrol, 1 L or 0.26 gal | 2.63 | 2.27 |
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| Mortgage Interest Rate for 20 Years | 60% | 78.28% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 17 | 19.04 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.21 | 1.11 |
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Groceries
| Item | Lake Shore | West Melbourne |
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| Milk, 1 L or 1 qt | 1.03 | 0.9 |
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| Bread, 0.5 kg or 1.1 lb | 3.57 | 2.95 |
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| Eggs, x12 | 3.89 | 4.23 |
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| Cheese, 1 kg or 2.2 lb | 14.71 | 12.89 |
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| Chicken Breast, 1 kg or 2.2 lb | 9.23 | 10.43 |
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| Round Steak, 1 kg or 2.2 lb | 17.61 | 16.31 |
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| Banana, 1 kg or 2.2 lb | 1.94 | 1.79 |
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| Water, 1 L or 1 qt | 1.58 | 1.6 |
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Other
| Item | Lake Shore | West Melbourne |
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| Gym Membership, 1 month | 42.57 | 45.39 |
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| Cinema Ticket, 1 person | 15.06 | 14.14 |
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| Doctors visit | 104.72 | 136.59 |
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| Haircut, simple | 23.62 | 22.12 |
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| Brand Jeans | 59.99 | 57.61 |
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| Brand Sneakers | 93.27 | 85.78 |
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| Daycare or Preschool, 1 month | 1,642.84 | 1,268.41 |
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| International Primary School, 1 year | 17,197 | 22,940 |
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