Cost of living comparison

compared to

Parramatta vs. Reykjavik Cost of Living Summary

Parramatta is 10.7% more expensive than Reykjavik.

Restaurants: pay 34.1% less in Parramatta
Groceries: pay 26.5% less in Parramatta
Transportation: pay 20.6% less in Parramatta
Housing: pay 17.7% more in Parramatta
Childcare: pay 2.9 times more in Parramatta
Entertainment and Sports: pay 10.7% less in Parramatta
Clothing: pay 40.4% less in Parramatta

The cost of childcare and housing in Parramatta are more expensive than in Reykjavik. Expenses including clothing, restaurants, groceries, transportation, and entertainment and sports are lower in Parramatta. Notably, childcare is significantly more expensive in Parramatta.

Parramatta vs. Reykjavik Cost Breakdown

If you lived in Parramatta instead of Reykjavik, you would:

Display currency: USD

pay 34.1% less for restaurants

	Reykjavik	Parramatta
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,473	$16.35 A$24.59	-40.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,877	$9.81 A$14.75	-56.9%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK422	$2.60 A$3.90	-22.2%
Bottle of water (11 fl. oz)	$2.70 ISK341	$2.24 A$3.37	-17.0%
Average			-34.1%

Reykjavik vs. Parramatta - Cost of restaurants

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pay 26.5% less for groceries

	Reykjavik	Parramatta
Bread 1 loaf	$4.63 ISK586	$2.63 A$3.96	-43.2%
Local cheese (8 oz)	$9.44 ISK1,193	$4.92 A$7.40	-47.8%
Milk (1 gallon)	$7.63 ISK964	$5.86 A$8.81	-23.2%
Eggs 1 dozen	$6.50 ISK822	$4.32 A$6.49	-33.6%
Boneless chicken breast (1 lb)	$11.29 ISK1,427	$3.86 A$5.80	-65.8%
Apples (1 lb)	$1.59 ISK201	$1.46 A$2.19	-8.5%
Bananas (1 lb)	$1.17 ISK148	$1.25 A$1.88	+7.0%
Oranges (1 lb)	$1.49 ISK188	$1.34 A$2.01	-10.3%
Tomatoes (1 lb)	$2.54 ISK321	$2.07 A$3.12	-18.2%
Potatoes (1 lb)	$1.70 ISK214	$1.01 A$1.52	-40.3%
Onions (1 lb)	$1.13 ISK143	$1.04 A$1.57	-7.8%
Average			-26.5%

Reykjavik vs. Parramatta - Cost of groceries

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pay 20.6% less for transportation

	Reykjavik	Parramatta
Gasoline (1 gallon)	$9.66 ISK1,221	$4.42 A$6.64	-54.3%
Monthly public transit pass	$88.58 ISK11,197	$130.83 A$196.68	+47.7%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,417,454	$29,060.36 A$43,686.64	-42.8%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,548	$18.84 A$28.32	-32.9%
Average			-20.6%

Reykjavik vs. Parramatta - Cost of transportation

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pay 17.7% more for housing

	Reykjavik	Parramatta
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,361	$52.01 A$78.18	-36.6%
1-Bedroom apartment in downtown area	$2,259.48 ISK285,599	$1,700.85 A$2,556.90	-24.7%
1-Bedroom apartment outside city center	$2,034.90 ISK257,212	$1,439.18 A$2,163.53	-29.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,694	$159.14 A$239.23	+161.4%
Average			+17.7%

Reykjavik vs. Parramatta - Cost of housing

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pay 2.9 times more for childcare

	Reykjavik	Parramatta
Private preschool for 1 child, monthly	$327.78 ISK41,431	$1,755.37 A$2,638.85	+435.5%
Middle school for 1 child, two semesters	$30,711.08 ISK3,881,881	$13,332.06 A$20,042.18	-56.6%
Average			+189.4%

Reykjavik vs. Parramatta - Cost of childcare

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pay 10.7% less for entertainment and sports

	Reykjavik	Parramatta
Domestic/local beer (1 pint)	$13.12 ISK1,659	$6.54 A$9.83	-50.2%
Cappuccino in mid-range area	$6.17 ISK780	$3.48 A$5.23	-43.6%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,761	$31.07 A$46.71	+123.0%
Monthly membership at local gym	$87.35 ISK11,041	$32.71 A$49.17	-62.6%
Movie ticket to theater/cinema	$17.18 ISK2,172	$13.74 A$20.65	-20.1%
Average			-10.7%

Reykjavik vs. Parramatta - Cost of entertainment and sports

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pay 40.4% less for clothing

	Reykjavik	Parramatta
Regular jeans Levi's brand	$145.10 ISK18,340	$75.03 A$112.80	-48.3%
Regular dress from H&M or similar store	$63.97 ISK8,086	$57.79 A$86.87	-9.7%
Running shoes Nike or Adidas	$193.43 ISK24,449	$94.12 A$141.49	-51.3%
Men's business shoes (leather)	$248.79 ISK31,447	$118.48 A$178.11	-52.4%
Average			-40.4%

Reykjavik vs. Parramatta - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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