Cost of Living in Elwood (2026)
Elwood is a established middle-ring suburb. Here is what it costs to live here based on current Melbourne market data.
Population: 14,500 (ABS Census 2021)
Rent Estimates
| Unit Type | Weekly Rent (est.) | Monthly (est.) |
|---|---|---|
| 1 Bedroom | $350–$460 | $350–$460 ×4.3 |
| 2 Bedroom | $480–$620 | $480–$620 ×4.3 |
| 3 Bedroom | $620–$850 | $620–$850 ×4.3 |
Estimates based on REIV quarterly data and Elwood’s position as a established middle-ring suburb. Check Domain or realestate.com.au for current listings.
Grocery Costs
Melbourne metro grocery averages (2026):
| Item | Price |
|---|---|
| Milk (2L) | $2.70–$3.50 |
| Bread (loaf) | $3.50–$5.00 |
| Eggs (dozen) | $6.50–$9.00 |
| Chicken breast (1kg) | $10–$14 |
| Rice (1kg) | $2.50–$4.00 |
| Bananas (1kg) | $3.50–$5.00 |
| Coffee (cafe flat white) | $4.50–$5.50 |
Supermarkets in Elwood: IGA, Elwood Supermarket, Foodworks
Transport Costs
| Mode | Monthly Cost |
|---|---|
| Myki (Zone 1+2) | ~$165 (daily cap $10.60) |
| Car registration | ~$350/quarter |
| Petrol (avg) | ~$1.85–$2.10/L |
| Car insurance | ~$800–$1,400/year |
Dining Out
Based on Elwood’s 40 restaurants and 28 cafes:
| Meal Type | Price Range |
|---|---|
| Cafe brunch | $18–$28 |
| Pub meal | $20–$32 |
| Mid-range dinner | $35–$55 per person |
| Fine dining | $80–$150+ per person |
| Takeaway | $12–$22 |
Related Guides
- Best Restaurants in Elwood
- Best Cafes in Elwood
- Best Bars in Elwood
- Elwood Neighbourhood Guide
- Family Guide to Elwood
- Is Elwood Safe?
- Elwood Transport Guide
- Elwood Property Market
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
Data sourced from Google Places, OpenStreetMap, and ABS Census. Compiled April 2026. Found an error? Contact us.
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