Will I save money living in Melbourne?

"Living in Melbourne compared to the United States can offer a number of financial advantages, depending on individual circumstances. The general cost of living is usually significantly lower in Melbourne than in the United States. Necessities such as groceries and transport are usually much more affordable. In addition, wages tend to be higher in Melbourne than in the United States, giving residents greater purchasing power. Finally, Melbourne offers tax benefits, such as relatively low income taxes and discounted living expenses. All of these elements combine to provide Melbourne residents with greater financial savings when compared to the US," remarked another expat in Melbourne, Australia, Australia.