True annual cost of living in Lake Macquarie, NSW 0000
Living in a house in Lake Macquarie costs about $10,168 a year: council rates, water and sewerage, commute and home insurance combined. Lake Macquarie sits 96.8 kilometres from Sydney CBD. Unit costs come in at $9,808, as lower council rates more than offset the $1,800 body corporate levy. At 96.8km, the commute dominates running costs. Drivers pay $1,828 more per year than public transport users.
Lake Macquarie rates (OLG 2024-25 + IPART 2026-27 peg) · average rate
$1,763
Water & sewerage
Hunter Water 2026-27
$1,377
Driving commute
ATO 91c/km · 96.8km from CBD · 192 days
$4,228
Home insurance
Estimated · flood High · fire Low
$2,800
Body corporate
Estimated
$1,800
Total annual running cost
$10,168
($847/month)
Near Lake Macquarie average
SuburbCost affordability score ●●○○○4.3/10 Poor
Cheaper to run than 47% of Lake Macquarie suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$2,292/yr
5,086 kWh
Unit
$1,871/yr
3,815 kWh
Estimated from AER residential benchmarks for Lake Macquarie's climate zone at 2026-27 regulated prices for its electricity network. Get the free report for a breakdown by your exact number of occupants.
Getting around Lake Macquarie
within a 2 km walk
Nearest stop
No scheduled service within a 2 km walk of the suburb centre.
Nearest hospital
Toronto Private Hospital, 4,842 m away, about a 61 minute walk.
Supermarkets
3
Cafes
2
Parks
8
Counted from OpenStreetMap via Overpass inside a 2 km walking radius of the suburb centre, built 2026-08-07. Distances are straight line from that centre, so a specific address can be closer or further. Mapping is contributed and can lag a new opening.
Is it cheaper to drive or take public transport from Lake Macquarie to the CBD?
Public transport saves Lake Macquarie residents $1,828 per year. Annual commute cost by car is $4,228 versus $2,400 by public transport using the Opal network.
What are the council rates in Lake Macquarie?
Lake Macquarie falls under Lake Macquarie Council. The average residential rate for 2026-27 is $1,763 per year for an owner-occupied house, based on OLG data uplifted by the council's IPART rate peg. Individual properties pay more or less depending on land value. Unit owners in strata schemes pay $1,763 per year. These figures cover the general rate only and exclude waste and cleansing charges.
What does it cost to run a unit in Lake Macquarie?
Running a unit in Lake Macquarie costs approximately $9,808 per year by car or $7,980 by public transport. This includes council rates of $1,763, water and sewerage $1,377, estimated body corporate levy of $1,800, and contents insurance of $640. Body corporate fees vary significantly between buildings. Always confirm the actual levy before purchasing.
Is Lake Macquarie close to public transport?
No scheduled public transport stop was found within a 2 km walk of the centre of Lake Macquarie. The running cost on this page assumes driving, which is why the commute component is the largest line for most suburbs in this position.
What is the closest hospital to Lake Macquarie?
The closest hospital to the centre of Lake Macquarie is Toronto Private Hospital, about 4,842 m away, about a 61 minute walk. Distance is straight line from the suburb centre and does not account for the road route or whether the hospital has an emergency department.
What shops and parks are in Lake Macquarie?
Within a 2 km walk of the centre of Lake Macquarie there are 3 supermarkets, 2 cafes and 8 parks. These counts come from OpenStreetMap via Overpass, which is contributed mapping and can lag a recent opening or closure.
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Data sources: Council rates: Lake Macquarie rates (OLG 2024-25 + IPART 2026-27 peg). Water: Hunter Water 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: AI-estimated, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Fire: NSW RFS Bush Fire Prone Land. Flood: modelled from 30m elevation (topographic). Data updated 2026-07. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.