Cost of living in Parramatta
Parramatta, a major suburb of Sydney, Australia, is known for its vibrant community and rich history. Understanding the cost of living in Parramatta is crucial for anyone considering moving to or residing in this bustling area.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $16.22 on average, with a range between $7.79 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $77.88, with prices ranging from $35.69 to $129.79.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.73, with a range between $9.73 and $11.03.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.54 to $9.41, imported beer $3.24 to $9.73, cappuccino $2.6 to $5, and Coke/Pepsi $1.95 to $3.24.
Grocery Prices
- Milk - Milk is priced between $0.94 and $2.37 per liter, averaging $1.69.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.56 and $3.89, with an average price of $2.6.
- Eggs (Dozen) - A dozen eggs range from $2.92 to $6.23, averaging $4.37.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.95 to $4.22 per kg, while oranges range from $1.51 to $5.52 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.3 and $3.24 per kg, and lettuce costs $1.23 to $3.24 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.92.
- Monthly Pass - A monthly pass for public transport is priced at $129.79.
- Fuel (Gasoline) - Gasoline is priced between $1.1 and $1.49 per liter.
- Taxi Fares - Taxi fares start at $3.89, with a cost of $1.69 per km and $40.56 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1687.29.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1427.71.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3653.64.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1966.35.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3893.76.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $3082.56.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $64.9 and $389.38, averaging $237.
- Internet - Internet services range from $25.96 to $64.9, with an average cost of $51.57.
Cost of Living Rankings
The cost of living indices for Australia are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Australia, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Parramatta offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in Parramatta are relatively moderate, with essentials like milk and bread being affordable.
Transportation costs are reasonable, with public transport and fuel prices being manageable for most residents.
Housing in Parramatta can be expensive, especially in the city centre, but options outside the centre are more affordable.
Utilities and internet costs are in line with national averages, making them predictable expenses for residents.
Conclusion
Overall, Parramatta presents a balanced cost of living, with certain areas like housing being more costly, particularly in the city centre.
Prospective residents should consider their lifestyle preferences and budget accordingly, especially when it comes to dining and housing choices.
With its vibrant community and strategic location, Parramatta remains an attractive option for those looking to live near Sydney.