Can a IT Manager afford to live in Melbourne?

Excellent66% of take-home left to save — you can save aggressively here.
Median salary (gross)
IT Manager · Melbourne
$189,014
Income tax (~35% effective)
Australia
– $66,155
Take-home pay
$10,238/mo
$122,859
Living costs (1 person)
$3,500/mo · derived
– $42,000
Savings potential
$6,738/mo · 66% of take-home
$80,859

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

Full salary breakdown →Is this a good salary in Melbourne? →Compare Melbourne with another city →

How we calculated this

• Salary: OECD 2024 median for IT Manager, adjusted for Melbourne.

• Tax: Australia single-filer effective rate (~35%). Official calculator.

• 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.