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Exploring the cost of living in Tasmania in 2024

Moving interstate  |  Guides

If you're considering a move to Tassie, it's essential to understand the cost of living in Tasmania to plan effectively. Whether you're using a mover interstate to relocate for work, lifestyle changes, or retirement, Tasmania offers a unique blend of beauty and affordability. This comprehensive guide will delve into various aspects of living costs, from groceries to housing and beyond, helping you make an informed decision about your move.

The Tasmanian climate

Let’s start with an understanding of Tassie’s climate as you will most certainly need a refit of your wardrobe to help manage Tasmania’s weather. Tassie has four distinct seasons and average temperatures in summer (Dec. to March) range between 17 deg.C to 23 deg.C while winter temps (May to August) range between 3 deg.C to 11 deg.C. 

This means there are costs associated with heating your new home or unit. Some of those costs can be quite significant. Rainfall averages vary across the state with the east coast averaging 620 mm annually and the west coast 2400mm annually so you’ll want somewhere dry and warm. 

Groceries: Supermarkets and markets

Tasmania is known for its fresh, quality produce, often sourced locally. Grocery prices are comparable to and slightly cheaper than the mainland, with a weekly shop for a family of four averaging around $200 to $250 (2024). 

Local markets, such as the famous Salamanca Market in Hobart, offer competitive prices on local goods and seasonal produce, which can be a cost-effective alternative to supermarkets. 

Additionally, Tasmania’s local roadside stalls are an excellent source of fresh produce and in many cases the best fresh produce Australia has to offer.

Eating out in Tasmania

The island state boasts a vibrant culinary scene, influenced by its access to fresh seafood and local produce. Eating out in Tasmania can vary greatly in cost. A typical meal at an inexpensive restaurant might set you back about $18-20 each, while a three-course meal for two at a mid-range restaurant averages about $90. 

Most of Tassie’s smaller coastal towns have an amazing variety of locally caught seafood which is just the sort of treat that defines Tasmania.

Housing: Renting and buying

Housing can be one of the more attractive aspects of the cost of living in Tasmania. Whether renting or buying, prices tend to be lower compared to major cities on the mainland. 

Tasmania has a 90 % house-to-unit ratio which sets it apart from our other Australian capitals. The median house price in Hobart is around $850,000, while other areas, especially in the north and northwest, can be significantly cheaper. 

Renting a three-bedroom home in Hobart can cost about $650 per week, whereas in smaller towns, this can drop to as low as $450.

Keep in mind that Hobart has a very stretched rental market and finding a place may be harder than actually paying for it. 

West Coast vs. East Coast cost of living

The cost of living varies significantly from the west coast to the east coast of Tasmania. The West Coast, known for its rugged landscapes and mining towns, is generally less expensive due to its remote nature and smaller population. 

In contrast, the East Coast, with its stunning beaches and tourism hubs like Coles Bay and Bicheno, tends to be pricier. It’s boasted that in Bicheno you can walk down the beach and catch a fish to have for brekky every day. 

Hobart versus smaller towns

Hobart city at night

Hobart, as the capital city, has higher living costs compared to smaller towns in Tasmania. However, it offers more in terms of employment opportunities, education, and healthcare. 

Smaller towns, while offering a lower cost of living, might have fewer amenities and services, which is an important consideration for families and professionals. 

On the other hand, if you've come from the hassle of big city living then you will find some of the smaller towns in Tassie highly appealing with a strong sense of community, strong historical sensibilities and the local produce is also very appealing.  

Utilities and internet

Utilities, including electricity, gas, and water, average about $300 per quarter for a standard household. 

Tasmania's cooler climate can mean higher heating costs during the winter months. Some report it costing an extra $300 over the winter for heating but this also depends on if you are using wood or electricity to heat your home.

Internet services are reliable, with costs comparable to the mainland, averaging around $70 per month for an NBN connection.

Petrol prices

Petrol prices in Tasmania are slightly higher than the mainland, averaging about $2.00 per litre for unleaded and $1.95 for diesel (2024). Keep in mind that these prices fluctuate almost daily. Prices can be even higher in remote areas, so this is an essential factor to consider if you're planning to commute or explore the state by car. Transport costs across the Bass Strait partly account for the higher averages.

Schooling and universities

Tasmania offers a range of educational options from public and private schools to tertiary education through institutions like the University of Tasmania. 

School fees for private education vary widely, Scotch Oakburn College in Launceston, Friends School, Fahan School, and Calvin Christian School are just some of the private schools with Elizabeth State College, Hobart State College and Newstead State College being some of the state schools. 

The University of Tasmania, with campuses across the state, provides courses comparable in price to other Australian universities.

Choosing a mover interstate

When planning your move to Tasmania, choosing the right mover interstate is crucial. Look for mover interstate services that specialise in Tasmania relocations, as they will be familiar with the logistics and challenges of moving across the Bass Strait. Comparing quotes and services can help you find the best fit for your budget and needs.

Conclusion: Tasmania's affordability

Overall, the cost of living in Tasmania is quite reasonable, particularly when you compare it to larger Australian cities. With its natural beauty, lower housing costs, and vibrant local culture, Tasmania offers a compelling option for those looking to move. 

If you are after a radical change in lifestyle flavoured with a strong community spirit and surrounded by some of the most majestic scenery in Australia then Tassie is for you. Remember to plan your move with a reputable mover interstate to ensure a smooth transition to this charming island state.

Happy Moving!

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