Melbourne isn’t the cheapest city in the world – it is probably on par with Tokyo and Los Angeles for tourists, and cheaper than London or NYC. But don’t be put off – there’s always a budget way of having great travel adventures! You can visit Melbourne, and eat/drink/do things for under $100 USD per day.
Transport including travel from Sydney = $14/day
Accommodation $55/day, twin share (cheaper for dorms)
Food $19/day, per person, if you eat out once every second day
That leaves $42 per day for activities.
($130 AUD = $100 USD)