A password will be e-mailed to you.

It is cheaper to go on a cruise holiday than to live in Sydney – the country’s most expensive city, according to the latest research.

The average Sydneysider pays about $221 in rent every week, according to comparison site, finder.com.

Latest data from the Australian Bureau of Statistics shows that the average cost of living in Sydney is about $465 a week which includes food, entertainment, transport and utilities.

Cost of living on a cruise ship

The cost of living on a cruise ship is cheaper than living in Sydney

All up, it costs the average person $686 a week to live in Sydney.

However, if you choose to go on a seven-night cruise to the South Pacific, it will be cheaper by about $80, according to finder.com.

For instance, P&O has an eight-night cruise to New Caledonia for $699 which works out to be just $609 per week – $77 cheaper than living in Sydney for a week.

Carnival Cruise Lines offers a similar itinerary to New Caledonia at an even lower price – at just $539 per week – $147 cheaper than living in Sydney.

“We all know that rent in Australia is expensive, but it’s still astonishing that cruising for a week can be cheaper than living in Sydney,’’ said Angus Kidman of finder.com.

He added that retirees might find living on a cruise ship an attractive option as it includes all the perks of a holiday including live entertainment shows, food and activities like bingo.

And there is always something to do, something to see and new people to talk to when you are on a cruise.

This year, in the Worldwide Cost of Living report, the Economist Intelligence Unit rated Sydney as a more expensive city to live in than London and New York.

Find cruises cheaper than living in Sydney here.

SUBSCRIBE

Cruise Passenger magazine

Subscribe to Cruise Passenger magazine to win Tesalate towels worth $237

Save up to $31.40 when you subscribe to Cruise Passenger magazine and go into the draw to win a set of three Tesalate beach towels worth $237.

LEARN MORE