Cost of living comparison

Parramatta, Australia

compared to

Reykjavik, Iceland

Reykjavik vs. Parramatta Cost of Living Summary

Reykjavik is 9.5% more expensive than Parramatta.

Restaurants: pay 28.0% more in Reykjavik
Groceries: pay 21.6% more in Reykjavik
Transportation: pay 27.5% more in Reykjavik
Housing: pay 0.7% more in Reykjavik
Childcare: pay 72.5% less in Reykjavik
Entertainment and Sports: pay 30.8% more in Reykjavik
Clothing: pay 30.1% more in Reykjavik

The cost of entertainment and sports, clothing, restaurants, transportation, groceries, and housing in Reykjavik are more expensive than in Parramatta.

Reykjavik vs. Parramatta Cost Breakdown

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

Display currency: USD

pay 28.0% more for restaurants

	Parramatta	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.48 A$25.47	$20.00 ISK2,482	+21.4%
Fast food combo meal McDonalds, or similar	$9.89 A$15.28	$18.02 ISK2,236	+82.3%
Bottle of Coca-Cola (11 fl. oz)	$2.76 A$4.27	$3.15 ISK391	+14.1%
Bottle of water (11 fl. oz)	$2.32 A$3.58	$2.19 ISK271	-5.6%
Average			+28.0%

Parramatta vs. Reykjavik - Cost of restaurants

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pay 21.6% more for groceries

	Parramatta	Reykjavik
Bread 1 loaf	$2.59 A$4.00	$3.61 ISK448	+39.7%
Local cheese (8 oz)	$5.39 A$8.33	$7.76 ISK963	+43.9%
Milk (1 gallon)	$6.59 A$10.19	$6.40 ISK795	-2.8%
Eggs 1 dozen	$4.35 A$6.72	$5.76 ISK714	+32.4%
Boneless chicken breast (1 lb)	$3.91 A$6.05	$9.45 ISK1,172	+141.4%
Apples (1 lb)	$1.47 A$2.27	$1.40 ISK174	-4.6%
Bananas (1 lb)	$1.29 A$1.99	$1.01 ISK125	-21.5%
Oranges (1 lb)	$1.38 A$2.13	$1.22 ISK151	-11.5%
Tomatoes (1 lb)	$2.24 A$3.47	$2.22 ISK276	-0.8%
Potatoes (1 lb)	$1.10 A$1.70	$1.43 ISK178	+30.1%
Onions (1 lb)	$1.02 A$1.58	$0.93 ISK116	-8.8%
Average			+21.6%

Parramatta vs. Reykjavik - Cost of groceries

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pay 27.5% more for transportation

	Parramatta	Reykjavik
Gasoline (1 gallon)	$4.95 A$7.65	$8.50 ISK1,055	+71.7%
Monthly public transit pass	$131.81 A$203.75	$74.95 ISK9,302	-43.1%
New Volkswagen Golf 1.4 (standard edition)	$29,276.08 A$45,255.96	$42,450.45 ISK5,268,101	+45.0%
Taxi trip in downtown area (5 miles)	$17.66 A$27.30	$24.05 ISK2,985	+36.2%
Average			+27.5%

Parramatta vs. Reykjavik - Cost of transportation

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pay 0.7% more for housing

	Parramatta	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$52.22 A$80.73	$69.87 ISK8,670	+33.8%
1-Bedroom apartment in downtown area	$1,713.48 A$2,648.75	$1,971.17 ISK244,622	+15.0%
1-Bedroom apartment outside city center	$1,449.87 A$2,241.25	$1,803.44 ISK223,807	+24.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$183.02 A$282.92	$53.95 ISK6,696	-70.5%
Average			+0.7%

Parramatta vs. Reykjavik - Cost of housing

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pay 72.5% less for childcare

	Parramatta	Reykjavik
Private preschool for 1 child, monthly	$1,847.17 A$2,855.41	$252.14 ISK31,291	-86.3%
Middle school for 1 child, two semesters	$14,503.36 A$22,419.79	$5,993.99 ISK743,855	-58.7%
Average			-72.5%

Parramatta vs. Reykjavik - Cost of childcare

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pay 30.8% more for entertainment and sports

	Parramatta	Reykjavik
Domestic/local beer (1 pint)	$7.25 A$11.21	$10.81 ISK1,342	+49.1%
Cappuccino in mid-range area	$3.68 A$5.69	$5.31 ISK658	+44.1%
Pack of cigarettes Marlboro or similar	$26.36 A$40.75	$12.25 ISK1,520	-53.5%
Monthly membership at local gym	$32.95 A$50.94	$69.95 ISK8,680	+112.3%
Movie ticket to theater/cinema	$14.50 A$22.41	$14.77 ISK1,834	+1.9%
Average			+30.8%

Parramatta vs. Reykjavik - Cost of entertainment and sports

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pay 30.1% more for clothing

	Parramatta	Reykjavik
Regular jeans Levi's brand	$79.08 A$122.25	$108.97 ISK13,523	+37.8%
Regular dress from H&M or similar store	$53.36 A$82.48	$49.72 ISK6,170	-6.8%
Running shoes Nike or Adidas	$108.20 A$167.26	$151.85 ISK18,845	+40.3%
Men's business shoes (leather)	$130.17 A$201.22	$194.16 ISK24,095	+49.2%
Average			+30.1%

Parramatta vs. Reykjavik - 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: June 2025

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