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If you've ever considered moving to Hungary, one of the first questions that likely crossed your mind is, "What is the cost of living in Hungary?" After all, it's essential to have a clear picture of your potential expenses before making such a life-changing decision. At this page, we'll dive into the nitty-gritty of the cost of living in Hungary and whether the reported $1240 per month figure aligns with the average monthly salary of $717.83.
Restaurants |
Price |
World Range |
---|---|---|
Meal, Inexpensive Restaurant |
5.85 $ |
|
Meal for 2 People, Mid-range Restaurant, Three-course |
33.43 $ |
|
McMeal at McDonalds (or Equivalent Combo Meal) |
4.56 $ |
|
Domestic Beer (1 pint draught) |
1.4 $ |
|
Imported Beer (12 oz small bottle) |
1.76 $ |
|
Cappuccino (regular) |
1.44 $ |
|
Coke/Pepsi (12 oz small bottle) |
0.92 $ |
|
Water (12 oz small bottle) |
0.77 $ |
|
Markets |
Price |
World Range |
---|---|---|
Milk (regular), (1 gallon) |
0.67 $ |
|
Loaf of Fresh White Bread (1 lb) |
0.86 $ |
|
Rice (white), (1 lb) |
1.07 $ |
|
Eggs (regular) (12) |
1.66 $ |
|
Local Cheese (1 lb) |
7.16 $ |
|
Chicken Fillets (1 lb) |
3.89 $ |
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.28 $ |
|
Apples (1 lb) |
1.14 $ |
|
Banana (1 lb) |
1.16 $ |
|
Oranges (1 lb) |
1.29 $ |
|
Tomato (1 lb) |
1.9 $ |
|
Potato (1 lb) |
0.81 $ |
|
Onion (1 lb) |
0.75 $ |
|
Lettuce (1 head) |
0.88 $ |
|
Water (1.5 liter bottle) |
0.3 $ |
|
Bottle of Wine (Mid-Range) |
3.51 $ |
|
Domestic Beer (0.5 liter bottle) |
0.69 $ |
|
Imported Beer (12 oz small bottle) |
0.92 $ |
|
Cigarettes 20 Pack (Marlboro) |
4.34 $ |
|
Transportation |
Price |
World Range |
---|---|---|
One-way Ticket (Local Transport) |
0.82 $ |
|
Monthly Pass (Regular Price) |
22.23 $ |
|
Taxi Start (Normal Tariff) |
1.87 $ |
|
Taxi 1 mile (Normal Tariff) |
0.94 $ |
|
Taxi 1hour Waiting (Normal Tariff) |
11.23 $ |
|
Gasoline (1 gallon) |
1.12 $ |
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
16382.84 $ |
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
17476.64 $ |
|
Utilities (Monthly) |
Price |
World Range |
---|---|---|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
122.52 $ |
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.07 $ |
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
11.34 $ |
|
Sports And Leisure |
Price |
World Range |
---|---|---|
Fitness Club, Monthly Fee for 1 Adult |
31.83 $ |
|
Tennis Court Rent (1 Hour on Weekend) |
7.99 $ |
|
Cinema, International Release, 1 Seat |
4.68 $ |
|
Childcare |
Price |
World Range |
---|---|---|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
237.93 $ |
|
International Primary School, Yearly for 1 Child |
5933.16 $ |
|
Clothing And Shoes |
Price |
World Range |
---|---|---|
1 Pair of Jeans (Levis 501 Or Similar) |
55.26 $ |
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
26.06 $ |
|
1 Pair of Nike Running Shoes (Mid-Range) |
62.19 $ |
|
1 Pair of Men Leather Business Shoes |
63.66 $ |
|
Rent Per Month |
Price |
World Range |
---|---|---|
Apartment (1 bedroom) in City Centre |
365.25 $ |
|
Apartment (1 bedroom) Outside of Centre |
281.59 $ |
|
Apartment (3 bedrooms) in City Centre |
647.15 $ |
|
Apartment (3 bedrooms) Outside of Centre |
479.57 $ |
|
Buy Apartment Price |
Price |
World Range |
---|---|---|
Price per Square Feet to Buy Apartment in City Centre |
2363.67 $ |
|
Price per Square Feet to Buy Apartment Outside of Centre |
1660.95 $ |
|
Salaries And Financing |
Price |
World Range |
---|---|---|
Average Monthly Net Salary (After Tax) |
717.83 $ |
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
6.38 % |
|
The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 5.85 USD, while a three-course dinner for two at a mid-range restaurant generally costs 33.43 USD.
Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 0.67 USD, a loaf of bread 0.86 USD, and a dozen eggs approximately 1.66 USD.
Public transport is relatively affordable, with a single trip priced at about 0.82 USD and a monthly pass around 22.23 USD. If you plan to use public transit regularly, these passes offer great value.
For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 122.52 USD.
For those interested in fitness and leisure, a monthly gym membership averages around 31.83 USD, while an hour on a tennis court on weekends costs about 7.99 USD.
Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 237.93 USD. For international schooling options, annual tuition can reach approximately 5933.16 USD.
Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 55.26 USD, and mid-range Nike sneakers are priced around 62.19 USD.
Rental prices depend on location, with a one-bedroom apartment in the city center averaging 365.25 USD per month, while one outside the center costs around 281.59 USD.
If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 2363.67 USD, while in the suburbs, it's closer to 1660.95 USD.
The average monthly net salary here is about 717.83 USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 6.38% annually.
Hungary
Hungary is very safe to travel to. Your biggest worry, when traveling to Hungary, should be the pickpockets and scammers. If you apply basic precaution rules, that should minimize the risk of something going wrong.
Transportation and taxis are generally safe and reliable in Hungary, but don't rely on taxi drivers' recommendations of pubs and bars and be careful in public transport, as it's a place where pickpockets operate.
As in any European top destination, there are pickpockets at popular tourist landmarks. Follow your common sense and remain vigilant at all times, especially in public transportation and at crowded stations.
Apart from occasional snow storm and flooding in the northeast region of Hungary, there are no threats of natural disasters in Hungary.
There are low chances of getting mugged or kidnapped in this country, although it is advised to remain cautious and avoid poorly lit and deserted streets and areas. If you find yourself in such a situation, hand over your belongings immediately.
There haven't been any terrorist attacks in Hungary's recent history, but, in the light of recent attacks in this part of Europe, it is best to remain vigilant at all times.
As in any country, especially a top tourist destination, there is risk of getting scammed. Be wary of people trying to distract you or offering you unwanted help, check your change twice and always negotiate every service beforehand.
Hungary is very safe to travel to, if you are a female traveling solo. Apart from a few general precaution rules you should apply, such as not walking alone in poorly lit and deserted areas, not finding yourself in strange company at night, etc, you can relax because Hungary is very safe in this respect.
Most countries do not need a visa for Hungary, for any stays shorter than 90 days. Any longer than that, you might need to acquire a visa. Make sure your passport is valid for at least six months past your planned date of return. If you are not sure about your visa status, visit www.doyouneedvisa.com which will let you know whether or not you need visa based on your nationality and the country you want to visit.
Forint is the official currency in Hungary. ATMs are widely available throughout the country and credit and debit cards are accepted in many establishments such as hotels and restaurants.
Hungary has a typical European continental influenced climate characterized by warm, dry summers and fairly cold winters.
Budapest Ferenc Liszt International Airport formerly referred to as Budapest Ferihegy International Airport, and sometimes colloquially called just Ferihegy, is the international airport in Budapest. It is also by far the largest of Hungary's four commercial airports. It is located 16 km southeast of the center of Budapest.
Just like anywhere else, we recommend getting travel insurance when traveling to Hungary, since it covers not only medical problems, but also theft and loss of valuables.