Question 1

How far does your money go in Ballarat compared with the US?

Accepted Answer

Ballarat is close to purchasing-power parity with the baseline market right now. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Question 2

Is Ballarat cheaper or more expensive overall than New York City?

Accepted Answer

Overall living costs are about 32% cheaper than New York City for Ballarat. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Question 3

How does rent in Ballarat compare with New York City?

Accepted Answer

Rent are about 66% cheaper than New York City in Ballarat. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Question 4

How expensive are groceries and restaurants in Ballarat?

Accepted Answer

Groceries are about 24% cheaper than New York City and restaurant prices are about 34% cheaper than New York City. We are using the country-level cost index for Australia here because a defensible city-level aggregate index is not available yet.

Ballarat, Australia

Purchasing Power vs. United States

How Far Your Money Goes

See the full breakdown — free