Last Updated On : September 03 , 2024
This article focuses on the differences in the cost of living and economic factors between Canada and Australia. Canada offers a higher pay scale and a slightly stronger overall GDP.
Understanding the currency conversion rate is crucial before relocating. The Canadian dollar (CAD) is the currency used in Canada, and while it may not be as strong as the Australian dollar (AUD), it's essential to be familiar with the exchange rate. Opening a bank account in Canada can simplify your financial operations, ensuring you're well-prepared for the move.
1 CAD = 1.09 AUD (as on Aug 2024) |
Canada is a life-changer for Australians with its cutting-edge tech cities and breathtaking landscape. Canada pays 35% more for basic utilities than Australia does. Here, we have discussed the average salary for some occupations in Australia and Canada.
In Australia, top-level doctors may command an average salary of AUD $310,000 annually.
Australian States | Median Salary Range (Annual) |
Queensland | between $100,000 and $106,480 |
New South Wales | $365,000 to $385,000 |
Melbourne, Victoria | $300,042 |
In Canada, Doctors average salary is between $88755.00 and $450137.00 per year.
Provinces | Median Salary Range (Annual) |
Yukon Territory | 381,556 |
British Columbia | 335,444 |
Alberta | 456,307 |
Manitoba | 497,843 |
Ontario | 468,993 |
People working as a registered nurse in Canada usually earn between $28.00/hour and $50.00/hour.
Provinces | Median Salary Range ($/hour) |
Nunavut | 64.69 |
Northwest Territories | 51.00 |
Yukon Territory | 48.14 |
British Columbia | 43.00 |
Alberta | 46.62 |
The average nurse salary in Australia is $87,750 but will vary from state to state and city to city.
Australian States | Median Salary Range (Annual) |
Tasmania | $68,000 - $97,000 |
Queensland | $71,000 - $106,000 |
South Australia | $62,000 - $96,000 |
Northern Territory | $85,000 - $105,000 |
Victoria | $54,000 - $130,000 |
People working as a social worker in Canada usually earn between $$24.04/hour and $$48.00/hour.
Provinces | Median Salary Range ($/hour) |
Nunavut | 59.85 |
Northwest Territories | 51.14 |
Yukon Territory | 48.08 |
British Columbia | 39.28 |
Alberta | 41.68 |
People working as a social worker in Australia usually earn between $85,000 to $100,000.
Australian States | Median Salary Range (Annual) |
Tasmania | $85,000 |
Queensland | $95,000 |
South Australia | $85717 |
Northern Territory | $97863 |
Victoria | $95,050 |
For a more detailed study of this data, visit the Canadian Wage List and the Australian Wage List for Nurses and Doctors.
Canada has a slightly larger economy and population compared to Australia.
Several factors support Canada's GDP, such as natural resources, especially oil and gas, manufacturing, energy, and services. Additionally, Canada is a significant trading partner with the United States, benefiting from the North American Free Trade Agreement (NAFTA) and its successor, the United States-Mexico-Canada Agreement (USMCA).
New skilled workers have been moving to Australia, with Sydney being a popular choice. Toronto, Vancouver, Montreal, and Calgary are the most preferred provinces in Canada. We have discussed several factors affecting daily life, such as rent, food, transportation, groceries, etc. The highest cost is in Red, while the lowest is in Green.
Living costs in Australia are 12% higher than in Canada.
Category | Sydney, Australia | Toronto, Canada | Vancouver, Canada | Montreal, Canada | Calgary, Canada |
Rent (1-bedroom apartment) |
AUD 3,406 |
CAD 1,800 | CAD 2,200 |
CAD 1,400 |
CAD 1,600 |
Food (inexpensive meal) |
AUD 24 |
CAD 15 | CAD 18 |
CAD 12 |
CAD 15 |
Transport (monthly) |
AUD 225 |
CAD 100 | CAD 95 |
CAD 85 |
CAD 95 |
Utilities (monthly bill) |
AUD 330 |
CAD 150 | CAD 120 |
CAD 100 |
CAD 120 |
Groceries (monthly bill) |
AUD 190 |
CAD 120 | CAD 130 |
CAD 110 |
CAD 130 |
Wise or WorldRemit makes transferring money from Australia to Canada easy and affordable. The company is licensed and regulated in Australia and provides minimal costs, exchange rates, fast transfers, and convenient online platforms.
While Canada offers a higher earning potential and lower cost of living in certain areas, the financial implications of relocation are multifaceted. Individuals must carefully weigh the pros and cons, considering their individual circumstances and long-term financial goals.