Millers Point vs Sydney: true annual running costs compared (2026)
Last updated July 2026 · council rates current NSW schedules, ATO 88c/km, Opal & Translink fares, AER electricity benchmarks
Millers Point and Sydney are both Sydney rates (OLG suburbs, sitting 1.1 km and 0.6 km from Sydney CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
The two sit within $166 a year of each other to run, so running cost is a minor factor here — the decision comes down to schools, risk and lifestyle, all in the free report.
Over 10 years these two cost about the same to run. The difference here isn't money — it's location, schools and lifestyle.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict →Millers Point
Sydney
Annual cost breakdown
| Category | Millers Point | Sydney | Difference |
|---|---|---|---|
| Council rates | $924 | $924 | - |
| Water & sewerage | $1,548 | $1,548 | - |
| Commute (driving) | $367 | $201 | +$166 |
| Commute (public transport) | $1,920 | $1,920 | - |
| Home insurance | $2,300 | $2,300 | - |
| Body corporate (unit) | $3,500 | $3,500 | - |
| Total (driving) | $5,139 | $4,973 | +$166 |
| Total (public transport) | $6,692 | $6,692 | - |
Green = cheaper. Commute: ATO 88c/km, 220 working days. Insurance AI-estimated; actual premiums vary. Council rates: average residential rate (NSW, IPART-uplifted).
| Dwelling | Millers Point | Sydney | Difference |
|---|---|---|---|
| House | $2,148 | $2,148 | - |
| Unit | $1,716 | $1,716 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2025 rates (QLD 30c/kWh, NSW 33c/kWh incl. supply charge; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown — Millers Point vs Sydney (2026-27)
What the numbers show
Millers Point and Sydney cost within $166 of each other annually by car. Over ten years with 3% annual growth the gap reaches roughly $1,903, making running cost a minor factor in the decision.
The biggest single gap is commute costs at $166 per year. Millers Point is 1.1 km from Sydney CBD, which drives higher annual driving costs at the ATO rate of 88c/km.
On public transport the two suburbs cost almost the same, $6,692 and $6,692 a year, so the $166 driving gap nearly closes if you commute by public transport.
10-year cumulative cost projection
| Year | Millers Point cumulative | Sydney cumulative | Difference |
|---|---|---|---|
| Year 1 | $5,139 | $4,973 | $166 |
| Year 3 | $15,884 | $15,371 | $513 |
| Year 5 | $27,284 | $26,402 | $882 |
| Year 10 | $58,913 | $57,010 | $1,903 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Millers Point or Sydney cheaper to live in?
Sydney is cheaper to run by car at $4,973 per year versus $5,139 for Millers Point, a difference of $166 annually. Figures cover council rates, water, commute (ATO 88c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Millers Point and Sydney?
Annual council rates for a house are $924 in Millers Point (Sydney rates (OLG) and $924 in Sydney (Sydney rates (OLG). Water and sewerage adds $1,548 in Millers Point and $1,548 in Sydney. Both figures are the average residential rate reported to the Office of Local Government, uplifted by each council's IPART rate peg.
How does the commute cost compare between Millers Point and Sydney?
Annual driving commute costs are $367 from Millers Point and $201 from Sydney to Sydney CBD (ATO 88c/km). Public transport costs $1,920 from Millers Point and $1,920 from Sydney.
What is the 10-year cost difference between Millers Point and Sydney?
At 3% annual cost growth, Millers Point costs a cumulative $58,913 and Sydney costs $57,010 over 10 years by car. The cumulative difference is $1,903 in favour of Sydney. Excludes purchase price, mortgage, and personal expenses.
Which of Millers Point and Sydney is best to actually live in?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
Related comparisons
Sources: Sydney rates (OLG and Sydney rates (OLG rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 88c/km, and SuburbCost AI insurance estimates. Data updated July 2026.