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Western Sydney suburbs face severe cost-of-living stress despite moderate incomes, while wealthy areas spend less on housing and save more.
A 2023-24 analysis reveals severe economic disparities in Sydney, with residents in western suburbs like Fairfield, Canterbury-Bankstown, and Cumberland facing intense cost-of-living pressures despite average incomes under $105,000.
They spent up to 27% of income on housing, saved less than 6% annually, and paid higher shares on food, health, and transport.
In contrast, wealthier areas such as Mosman and Woollahra, where incomes exceed $400,000, spent under 12% on housing and saved over 20%.
Experts say housing costs and limited access to quality jobs drive the divide, calling for targeted job creation and policy support to improve economic mobility.
Los suburbios del oeste de Sydney enfrentan un severo estrés por el costo de vida a pesar de los ingresos moderados, mientras que las áreas ricas gastan menos en vivienda y ahorran más.