Cost of Living Comparison Between Budapest and Reykjavik 
| Indices Difference |  |
|---|---|
| Consumer Prices in Reykjavik are 78.7% higher than in Budapest (without rent) | |
| Consumer Prices Including Rent in Reykjavik are 96.8% higher than in Budapest | |
| Rent Prices in Reykjavik are 159.8% higher than in Budapest | |
| Restaurant Prices in Reykjavik are 118.6% higher than in Budapest | |
| Groceries Prices in Reykjavik are 87.0% higher than in Budapest | |
| Local Purchasing Power in Reykjavik is 65.7% higher than in Budapest | |
Restaurants | Budapest Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,500.00 Ft (1,365.96 kr) |
6,405.73 Ft (2,500.00 kr) |
+83.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 Ft (6,244.40 kr) |
38,434.41 Ft (15,000.00 kr) |
+140.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 Ft (975.69 kr) |
5,251.42 Ft (2,049.50 kr) |
+110.1 % |
| Domestic Beer (1 pint draught) |
800.00 Ft (312.22 kr) |
3,330.98 Ft (1,300.00 kr) |
+316.4 % |
| Imported Beer (12 oz small bottle) |
900.00 Ft (351.25 kr) |
2,872.23 Ft (1,120.96 kr) |
+219.1 % |
| Cappuccino (regular) |
735.33 Ft (286.98 kr) |
1,592.32 Ft (621.44 kr) |
+116.5 % |
| Coke/Pepsi (12 oz small bottle) |
478.23 Ft (186.64 kr) |
895.36 Ft (349.44 kr) |
+87.2 % |
| Water (12 oz small bottle) |
386.47 Ft (150.83 kr) |
713.28 Ft (278.37 kr) |
+84.6 % |
Markets | Budapest Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
1,867.38 Ft (728.79 kr) |
2,059.01 Ft (803.58 kr) |
+10.3 % |
| Loaf of Fresh White Bread (1 lb) |
475.89 Ft (185.73 kr) |
1,066.94 Ft (416.40 kr) |
+124.2 % |
| Rice (white), (1 lb) |
353.14 Ft (137.82 kr) |
503.12 Ft (196.35 kr) |
+42.5 % |
| Eggs (regular) (12) |
1,141.34 Ft (445.44 kr) |
1,943.99 Ft (758.69 kr) |
+70.3 % |
| Local Cheese (1 lb) |
2,002.97 Ft (781.71 kr) |
2,288.59 Ft (893.18 kr) |
+14.3 % |
| Chicken Fillets (1 lb) |
863.90 Ft (337.16 kr) |
2,826.84 Ft (1,103.25 kr) |
+227.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,840.85 Ft (718.44 kr) |
4,260.84 Ft (1,662.90 kr) |
+131.5 % |
| Apples (1 lb) |
256.04 Ft (99.92 kr) |
525.27 Ft (205.00 kr) |
+105.2 % |
| Banana (1 lb) |
306.42 Ft (119.59 kr) |
324.87 Ft (126.79 kr) |
+6.0 % |
| Oranges (1 lb) |
318.42 Ft (124.27 kr) |
409.91 Ft (159.98 kr) |
+28.7 % |
| Tomato (1 lb) |
592.43 Ft (231.21 kr) |
749.09 Ft (292.35 kr) |
+26.4 % |
| Potato (1 lb) |
187.97 Ft (73.36 kr) |
423.63 Ft (165.33 kr) |
+125.4 % |
| Onion (1 lb) |
208.59 Ft (81.41 kr) |
217.47 Ft (84.87 kr) |
+4.3 % |
| Lettuce (1 head) |
494.03 Ft (192.81 kr) |
948.05 Ft (370.00 kr) |
+91.9 % |
| Water (1.5 liter bottle) |
164.61 Ft (64.24 kr) |
690.64 Ft (269.54 kr) |
+319.6 % |
| Bottle of Wine (Mid-Range) |
2,000.00 Ft (780.55 kr) |
6,405.73 Ft (2,500.00 kr) |
+220.3 % |
| Domestic Beer (0.5 liter bottle) |
363.34 Ft (141.80 kr) |
1,054.57 Ft (411.57 kr) |
+190.2 % |
| Imported Beer (12 oz small bottle) |
555.76 Ft (216.90 kr) |
899.23 Ft (350.95 kr) |
+61.8 % |
| Cigarettes 20 Pack (Marlboro) |
2,100.00 Ft (819.58 kr) |
4,099.67 Ft (1,600.00 kr) |
+95.2 % |
Transportation | Budapest Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
350.00 Ft (136.60 kr) |
1,409.26 Ft (550.00 kr) |
+302.6 % |
| Monthly Pass (Regular Price) |
9,500.00 Ft (3,707.62 kr) |
23,060.65 Ft (9,000.00 kr) |
+142.7 % |
| Taxi Start (Normal Tariff) |
1,000.00 Ft (390.28 kr) |
1,870.47 Ft (730.00 kr) |
+87.0 % |
| Taxi 1 mile (Normal Tariff) |
643.74 Ft (251.23 kr) |
1,707.18 Ft (666.27 kr) |
+165.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
6,000.00 Ft (2,341.65 kr) |
22,207.40 Ft (8,667.00 kr) |
+270.1 % |
| Gasoline (1 gallon) |
2,501.22 Ft (976.16 kr) |
3,102.91 Ft (1,210.99 kr) |
+24.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
9,726,210.00 Ft (3,795,899.44 kr) |
12,939,584.23 Ft (5,050,000.00 kr) |
+33.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
9,367,261.90 Ft (3,655,810.87 kr) |
14,739,382.17 Ft (5,752,416.67 kr) |
+57.3 % |
Utilities (Monthly) | Budapest Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
57,385.78 Ft (22,396.25 kr) |
32,642.41 Ft (12,739.52 kr) |
-43.1 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
30.54 Ft (11.92 kr) |
21.14 Ft (8.25 kr) |
-30.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
5,350.58 Ft (2,088.20 kr) |
22,888.26 Ft (8,932.72 kr) |
+327.8 % |
Sports And Leisure | Budapest Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
18,672.55 Ft (7,287.43 kr) |
23,045.59 Ft (8,994.13 kr) |
+23.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,029.49 Ft (1,962.88 kr) |
15,843.52 Ft (6,183.33 kr) |
+215.0 % |
| Cinema, International Release, 1 Seat |
2,500.00 Ft (975.69 kr) |
4,676.19 Ft (1,825.00 kr) |
+87.0 % |
Childcare | Budapest Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
146,212.12 Ft (57,062.98 kr) |
99,032.66 Ft (38,650.00 kr) |
-32.3 % |
| International Primary School, Yearly for 1 Child |
3,585,945.95 Ft (1,399,506.10 kr) |
2,130,974.43 Ft (831,666.67 kr) |
-40.6 % |
Clothing And Shoes | Budapest Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
28,412.09 Ft (11,088.54 kr) |
37,757.15 Ft (14,735.68 kr) |
+32.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
12,603.96 Ft (4,919.01 kr) |
14,270.01 Ft (5,569.23 kr) |
+13.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
28,991.50 Ft (11,314.67 kr) |
46,913.04 Ft (18,309.00 kr) |
+61.8 % |
| 1 Pair of Men Leather Business Shoes |
34,634.60 Ft (13,517.03 kr) |
62,599.24 Ft (24,430.94 kr) |
+80.7 % |
Rent Per Month | Budapest Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
195,236.51 Ft (76,195.99 kr) |
555,397.00 Ft (216,757.73 kr) |
+184.5 % |
| Apartment (1 bedroom) Outside of Centre |
147,935.44 Ft (57,735.55 kr) |
474,925.73 Ft (185,351.78 kr) |
+221.0 % |
| Apartment (3 bedrooms) in City Centre |
361,550.45 Ft (141,104.21 kr) |
809,501.85 Ft (315,928.57 kr) |
+123.9 % |
| Apartment (3 bedrooms) Outside of Centre |
257,374.93 Ft (100,447.08 kr) |
670,941.40 Ft (261,851.85 kr) |
+160.7 % |
Buy Apartment Price | Budapest Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
126,248.32 Ft (49,271.60 kr) |
199,912.75 Ft (78,021.01 kr) |
+58.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
84,851.75 Ft (33,115.54 kr) |
145,152.55 Ft (56,649.45 kr) |
+71.1 % |
Salaries And Financing | Budapest Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
395,477.13 Ft (154,344.95 kr) |
1,289,161.12 Ft (503,127.73 kr) |
+226.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.10 | 6.11 | -32.8 % |
| Last update: | March 2023 | March 2023 | |
| Contributors in the past 12 months: | 1035 | 167 |
Moving to Budapest? Explore:
Moving to Reykjavik? Explore:
Cities near Budapest: | Cost of Living in Budaörs (Budaors) | 6.22 miles |
| Cost of Living in Budakeszi | 6.63 miles |
| Cost of Living in Üröm | 8.34 miles |
| Cost of Living in Törökbálint | 10.23 miles |
| Cost of Living in Dunakeszi | 11.51 miles |
| Cost of Living in Halásztelek | 12.34 miles |
| Cost of Living in Szentendre | 12.89 miles |
| Cost of Living in Pomáz | 13.08 miles |
| Cost of Living in Érd | 18.53 miles |
| Cost of Living in Godollo | 20.02 miles |
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |