Discover the Australian Outback: The Copper Town of Cobar
Australia is a land of outdoor wonder, where breathtaking landscapes blend with ancient human history. Whether you’re a tourist or a digital nomad, this vast country appeals with its outdoor lifestyle and climate.
What does being wealthy in Australia mean? Let’s explore the financial realities of living in this fascinating country.
Why Australia Is a Top Destination in 2024
Ranked as the fifth-best country in the world by U.S. News, Australia excels in quality of life, social purpose, and adventure. It’s also highly regarded for retirement, green living, and raising children.
Right now, Australia is transforming itself through indigenous and sustainable tourism. For example, Western Australia is number eight on the BBC’s list of The 25 Best Places to Visit in 2025. It features the remote city of Perth, accessible via the only direct flight from Europe—just 17 hours from Paris.
Exploring Western Australia
Western Australia boasts 8,000 miles of pristine coastline and the world’s longest electric charging network over 4,000 miles. You can take part in the AUS$20 million Jina Aboriginal Tourism Action Plan, offering Indigenous-led tours that allow travelers to experience local culture.
Don’t miss the Swan Valley wine region or the chance to explore perilously beautiful outback landscapes.
The Tropical Coast & Great Barrier Reef
Travel 2,731 miles along the A1 Highway through Queensland, where the Tropical Coast awaits. This area is a must-see for its sustainability initiatives protecting the Great Barrier Reef and its vibrant art scene in Cairns and the Whitsunday Islands—a year-round paradise.
Subantarctic Islands & Wilderness
Jointly owned with New Zealand, the Subantarctic Islands are accessible only by ship. Here, you’ll find penguin chicks, seals, and giant wildflowers known as ‘megaherbs’—a true wilderness escape.
The ‘Top End’ & Indigenous Culture
In Northern Territory, Kakadu National Park is a UNESCO World Heritage Site. It’s a hub of Indigenous and ethical tourism, perfect for exploring First Nation cultures. Fly into Darwin for easy access.
Australian Cities to Watch
- Melbourne: Ranked 4th by Time Out, celebrated for its culinary scene, cycling paths, and green spaces.
- Sydney: At 15th, renowned for its distinctive vibe near beaches and parks.
- Perth: No. 33, yet rapidly growing.
- Brisbane: Ranked 37, set to host the Olympics in 2032.
Financial Snapshot: Wealth & Income
Average household income (per OECD) is $37,433/year, higher than the OECD average of $30,490. For comparison, the US averages $51,147.
Average salary in Australia sits at $101,951/year (about $1,975/week), though the median salary is around $72,000 ($1,396/week), influenced by a small number of very high earners.
Cost of Living in Australia
The monthly cost, excluding rent, averages $1,050 for a single person, comparable to European countries. Including rent, the overall cost of living is similar to the US, which is slightly higher.
Australia’s universal healthcare (Medicare) significantly reduces medical expenses, enhancing quality of life.
Wealth Distribution & Net Worth
The wealthiest 10% has seen their average net worth grow from $2.8 million to $5.2 million over 20 years — an 84% increase. Meanwhile, the bottom 60% went from $222,000 to $343,000.
The top 20% own roughly 63% of the country’s wealth, with an average net worth of $3.24 million.
How to Invest & Immigrate
Australia offers Golden Visa options requiring an investment of around $3.2 million. For digital nomads, a working visa allows live and work in Australia for up to one year. Skilled professionals in healthcare and technology have access to specialized visas.
Why Visit & Live in Australia?
With natural beauty, rich culture, and economic opportunities, Australia remains a top choice. Despite some wealth inequality, many enjoy unmatched quality of life with affordable healthcare and vibrant urban centers.
Book Your Adventure in Cobar
Ready to experience the authentic Australian outback? Discover Cobar, a charming copper town in the heart of the outback. This unique destination offers historic charm, mining heritage, and spectacular landscapes—a perfect escape from the everyday.
Special Invitation: Book Your Vacation with MWR LIFE
Embark on an unforgettable journey in Australia and explore its vibrant cities, breathtaking landscapes, and cultural treasures. Book your vacation now with MWR LIFE and immerse yourself in the unexpected beauty of the Copper Town of Cobar.
Let us help you turn your travel dreams into reality—adventure awaits!
