5 Best Places to Retire in Australia

4. Melbourne, Victoria

Insider Monkey Score: 13

Besides the big-city amenities, retirees are drawn to Melbourne for its vibrant cultural scene, diverse housing options, and numerous parks and green spaces. Retirees also get to enjoy the diverse array of restaurants, cafes, and markets in the city. Historical buildings, museums, and heritage sites make living here all the more appealing. Melbourne has also been recognized as the UNESCO City of literature and is one of the most livable cities in the world. On average, the monthly cost of living for an individual retiree is $2,393. This cost includes the average rent of a one-bedroom apartment, which is $1,264. The median house price in Melbourne is $918,350.