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Most Affordable in Victoria

Top 100 cities ranked by most affordable

Best Cities For...

Composite rankings combining multiple weighted metrics — 5 topics across U.S. Census, FBI, NOAA and CDC data.

Best Cities for Retirees
Low crime, warm climate, affordable cost of living and strong healthcare access.
Best Cities for Remote Workers
Strong broadband, affordable rent, low traffic and existing remote-work culture.
Best Cities for Families
Strong schools, low crime, affordable homes and family-friendly commutes.
Best Cities for Young Professionals
High incomes, educated peers, transit access and an under-35 demographic.
Most Affordable Cities
The lowest cost of living across home prices, rent, services and rent burden.
Population & Density
Largest Cities Smallest Cities Most Dense Least Dense
Economy
Highest Income Lowest Income Lowest Unemployment Highest Unemployment Highest Wages
Housing
Highest Home Value Most Affordable Highest Rent Lowest Rent Highest Homeownership
Demographics & Education
Youngest Cities Oldest Cities
Climate & Air
Warmest Cities Coldest Cities Rainiest Cities Driest Cities Sunniest Cities Snowiest Cities
Geography & Infrastructure
Highest Elevation Most Restaurants
All Countries  ·  Australia  ·  Victoria

Most Affordable — Victoria

1 Newtown $58,000
2 Moe $112,600
3 Stawell $118,400
4 Morwell $121,200
5 Kyabram $124,000
6 Newborough $129,600
7 Swan Hill $132,400
8 Hamilton $132,400
9 Maryborough $135,200
10 Red Cliffs $135,200
11 Horsham $138,000
12 Norlane $140,800
13 Ararat $140,800
14 Mooroopna $140,800
15 Cobram $140,800
16 Portland $140,800
17 Wendouree $140,800
18 Maffra $140,800
19 Seymour $140,800
20 Benalla $140,800
21 Wangaratta $146,400
22 Colac $146,400
23 Irymple $146,400
24 Eaglehawk $149,200
25 Leongatha $152,000
26 Sebastopol $152,000
27 Shepparton $152,000
28 Bairnsdale $152,000
29 Traralgon $155,000
30 Wodonga $157,800
31 Mildura $157,800
32 Corio $157,800
33 Sale $157,800
34 Echuca $160,600
35 Kangaroo Flat $160,600
36 Bendigo $163,400
37 Kennington $163,400
38 Warrnambool $163,400
39 Bendigo city centre $163,400
40 West Wodonga $163,400
41 Yarrawonga $163,400
42 Ballarat East $163,400
43 Golden Square $166,200
44 Ballarat Central $169,000
45 Ballarat $169,000
46 Strathdale $169,000
47 Castlemaine $169,000
48 Melton $169,000
49 Melton South $169,000
50 Flemington $169,000
51 Heidelberg West $172,400
52 Delacombe $174,600
53 Braybrook $175,800
54 Frankston North $177,400
55 Dandenong $179,800
56 Darley $180,200
57 Melton West $180,200
58 Doveton $180,200
59 Hastings $180,200
60 Kurunjang $180,800
61 Kings Park $180,800
62 Warragul $180,800
63 Dallas $182,000
64 St Albans $183,000
65 Saint Albans $183,000
66 Albanvale $183,000
67 Drouin $186,000
68 Werribee $186,000
69 Laverton $186,000
70 Bacchus Marsh $186,000
71 Broadmeadows $186,400
72 Phillip Island $186,400
73 Hoppers Crossing $191,600
74 Sunshine $191,600
75 Kilmore $191,600
76 Noble Park $192,000
77 Sunshine North $192,000
78 Altona Meadows $192,000
79 Dandenong North $192,000
80 Frankston $192,600
81 Frankston East $192,600
82 Cranbourne $192,600
83 Wyndham Vale $193,200
84 Hamlyn Heights $194,400
85 Inverloch $195,000
86 Meadow Heights $195,000
87 Sunshine West $195,000
88 Whittlesea $195,400
89 Healesville $197,200
90 Capel Sound $197,200
91 Clifton Springs $197,200
92 Delahey $197,200
93 Geelong West $197,200
94 Belmont $197,200
95 Rosebud $197,200
96 Thomastown $197,200
97 Grovedale $197,200
98 Deer Park $197,200
99 Brookfield $197,200
100 Seaford $197,800

The most affordable housing markets in Victoria offer opportunities for homeownership at a fraction of the cost of major metros. Newtown has a median home value of just $58,000.

Affordable housing markets often feature lower costs of living overall, making them attractive to retirees, remote workers, and families building wealth through homeownership. Many of these cities offer solid community amenities despite their lower price points.

While low home values make homeownership accessible, they may also reflect limited job markets or slower economic growth. The rise of remote work has created new opportunities for these communities to attract residents who can earn higher salaries from distant employers.

Did You Know?

  • 1. In Newtown, the median home costs just $58,000 — less than a new luxury car.
  • 2. Affordable housing markets have seen increased interest since the rise of remote work, as buyers can earn higher salaries from anywhere.
  • 3. Many of the most affordable cities are in the South and Midwest, where land costs and construction expenses are lower.

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