Can a Embedded Systems Engineer afford to live in Melbourne?

Excellent57% of take-home left to save โ€” you can save aggressively here.
Median salary (gross)
Embedded Systems Engineer ยท Melbourne
$142,341
Income tax (~32% effective)
Australia
โ€“ $45,531
Take-home pay
$8,068/mo
$96,810
Living costs (1 person)
$3,500/mo ยท derived
โ€“ $42,000
Savings potential
$4,568/mo ยท 57% of take-home
$54,810

Single professional, after-tax. Salary โˆ’ tax โˆ’ living costs = what you could save each year.

How we calculated this

โ€ข Salary: OECD 2024 median for Embedded Systems Engineer, adjusted for Melbourne.

โ€ข Tax: Australia single-filer effective rate (~32%). Official calculator.

โ€ข Living costs: derived from cost-of-living index for a single professional.

Planning estimates, not financial or tax advice. Updated 2026. Your situation will differ.