Retiring in Victoria is more expensive than anywhere else in Australia because of higher electricity prices, new figures show.

Living a comfortable Australian retirement costs $56,406 a year, on average, if you're in a relationship, figures from the Association of Superannuation Funds of Australia (ASFA) show.

But doing this in Victoria costs an extra $482.

Victoria is the most expensive place to retire, whether you're a frugal or lavish single, or part of a couple on a modest income.

ASFA director of research Ross Clare said higher electricity costs were to blame.

"There have been significant price increases for energy ... so that feeds into the budgets," he told AAP.

"Indications are that some of the other states and territories, they will have bigger increases in the future in energy prices so there will be a bit of evening out."

Frugal Victorian couples pay $473 more to cover annual household, clothing and transport bills than the national average of $32,656.

Conversely, the Sunshine State is Australia's cheapest place to retire for lavish couples, who pay $242 a year less to live than the national average.

Across Australia, well-off couples faced the steepest living cost rises in the June quarter, with their expenses rising by $89, compared with $53 for frugal couples, $14 for modest singles and $28 for lavish singles.

The Northern Territory was the cheapest place to retire for modest couples and comfortable singles, but the ACT was the cheapest place for modest singles.


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