Cost of Living Comparison Between Budapest and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 89.8% higher than in Budapest (without rent)
Consumer Prices Including Rent in Reykjavik are 111.2% higher than in Budapest
Rent Prices in Reykjavik are 180.3% higher than in Budapest
Restaurant Prices in Reykjavik are 118.7% higher than in Budapest
Groceries Prices in Reykjavik are 115.5% higher than in Budapest
Local Purchasing Power in Reykjavik is 48.9% higher than in Budapest
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Budapest Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 4,000.00 Ft
(1,528.00 kr)
7,853.40 Ft
(3,000.00 kr)
     +96.3 %
Meal for 2 People, Mid-range Restaurant, Three-course 20,000.00 Ft
(7,640.01 kr)
45,157.03 Ft
(17,250.00 kr)
     +125.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 3,000.00 Ft
(1,146.00 kr)
6,151.83 Ft
(2,350.00 kr)
     +105.1 %
Domestic Beer (1 pint draught) 1,000.00 Ft
(382.00 kr)
3,926.70 Ft
(1,500.00 kr)
     +292.7 %
Imported Beer (12 oz small bottle) 1,000.00 Ft
(382.00 kr)
3,272.25 Ft
(1,250.00 kr)
     +227.2 %
Cappuccino (regular) 836.00 Ft
(319.35 kr)
1,846.06 Ft
(705.20 kr)
     +120.8 %
Coke/Pepsi (12 oz small bottle) 570.23 Ft
(217.83 kr)
1,052.04 Ft
(401.88 kr)
     +84.5 %
Water (12 oz small bottle) 443.59 Ft
(169.45 kr)
740.86 Ft
(283.01 kr)
     +67.0 %
Markets
Budapest Edit Reykjavik Edit
Milk (regular), (1 gallon) 1,437.31 Ft
(549.05 kr)
2,259.35 Ft
(863.07 kr)
     +57.2 %
Loaf of Fresh White Bread (1 lb) 505.65 Ft
(193.16 kr)
1,212.51 Ft
(463.18 kr)
     +139.8 %
Rice (white), (1 lb) 356.76 Ft
(136.28 kr)
535.41 Ft
(204.53 kr)
     +50.1 %
Eggs (regular) (12) 869.88 Ft
(332.30 kr)
2,175.15 Ft
(830.91 kr)
     +150.1 %
Local Cheese (1 lb) 1,625.70 Ft
(621.02 kr)
2,545.87 Ft
(972.52 kr)
     +56.6 %
Chicken Fillets (1 lb) 927.45 Ft
(354.29 kr)
3,240.23 Ft
(1,237.77 kr)
     +249.4 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 2,093.30 Ft
(799.64 kr)
5,050.55 Ft
(1,929.31 kr)
     +141.3 %
Apples (1 lb) 264.46 Ft
(101.02 kr)
526.56 Ft
(201.15 kr)
     +99.1 %
Banana (1 lb) 303.83 Ft
(116.06 kr)
347.16 Ft
(132.61 kr)
     +14.3 %
Oranges (1 lb) 326.77 Ft
(124.83 kr)
461.98 Ft
(176.48 kr)
     +41.4 %
Tomato (1 lb) 500.45 Ft
(191.17 kr)
796.43 Ft
(304.24 kr)
     +59.1 %
Potato (1 lb) 202.11 Ft
(77.21 kr)
500.52 Ft
(191.20 kr)
     +147.6 %
Onion (1 lb) 231.08 Ft
(88.27 kr)
353.32 Ft
(134.97 kr)
     +52.9 %
Lettuce (1 head) 505.29 Ft
(193.02 kr)
1,118.26 Ft
(427.18 kr)
     +121.3 %
Water (1.5 liter bottle) 172.60 Ft
(65.93 kr)
785.90 Ft
(300.21 kr)
     +355.3 %
Bottle of Wine (Mid-Range) 2,000.00 Ft
(764.00 kr)
7,197.64 Ft
(2,749.50 kr)
     +259.9 %
Domestic Beer (0.5 liter bottle) 393.64 Ft
(150.37 kr)
1,117.44 Ft
(426.86 kr)
     +183.9 %
Imported Beer (12 oz small bottle) 551.79 Ft
(210.79 kr)
944.75 Ft
(360.89 kr)
     +71.2 %
Cigarettes 20 Pack (Marlboro) 2,200.00 Ft
(840.40 kr)
4,319.37 Ft
(1,650.00 kr)
     +96.3 %
Transportation
Budapest Edit Reykjavik Edit
One-way Ticket (Local Transport) 450.00 Ft
(171.90 kr)
1,492.15 Ft
(570.00 kr)
     +231.6 %
Monthly Pass (Regular Price) 9,500.00 Ft
(3,629.00 kr)
24,345.53 Ft
(9,300.00 kr)
     +156.3 %
Taxi Start (Normal Tariff) 1,100.00 Ft
(420.20 kr)
1,910.99 Ft
(730.00 kr)
     +73.7 %
Taxi 1 mile (Normal Tariff) 708.11 Ft
(270.50 kr)
1,512.45 Ft
(577.75 kr)
     +113.6 %
Taxi 1hour Waiting (Normal Tariff) 6,600.00 Ft
(2,521.20 kr)
25,209.40 Ft
(9,630.00 kr)
     +282.0 %
Gasoline (1 gallon) 2,364.71 Ft
(903.32 kr)
3,136.42 Ft
(1,198.11 kr)
     +32.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 10,815,644.50 Ft
(4,131,579.91 kr)
15,157,054.45 Ft
(5,790,000.00 kr)
     +40.1 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 10,102,580.50 Ft
(3,859,189.22 kr)
15,696,059.20 Ft
(5,995,900.00 kr)
     +55.4 %
Utilities (Monthly)
Budapest Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 55,635.08 Ft
(21,252.62 kr)
33,394.62 Ft
(12,756.76 kr)
     -40.0 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 8,638.04 Ft
(3,299.73 kr)
8,520.06 Ft
(3,254.67 kr)
     -1.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 6,058.60 Ft
(2,314.39 kr)
24,048.34 Ft
(9,186.47 kr)
     +296.9 %
Sports And Leisure
Budapest Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 17,997.56 Ft
(6,875.07 kr)
22,971.68 Ft
(8,775.19 kr)
     +27.6 %
Tennis Court Rent (1 Hour on Weekend) 5,439.13 Ft
(2,077.75 kr)
10,508.59 Ft
(4,014.29 kr)
     +93.2 %
Cinema, International Release, 1 Seat 2,550.00 Ft
(974.10 kr)
5,235.60 Ft
(2,000.00 kr)
     +105.3 %
Childcare
Budapest Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 149,600.00 Ft
(57,147.25 kr)
86,578.46 Ft
(33,073.00 kr)
     -42.1 %
International Primary School, Yearly for 1 Child 3,661,859.34 Ft
(1,398,831.52 kr)
2,177,135.92 Ft
(831,666.67 kr)
     -40.5 %
Clothing And Shoes
Budapest Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 26,964.41 Ft
(10,300.41 kr)
38,215.45 Ft
(14,598.32 kr)
     +41.7 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 11,593.75 Ft
(4,428.82 kr)
16,129.73 Ft
(6,161.56 kr)
     +39.1 %
1 Pair of Nike Running Shoes (Mid-Range) 32,384.62 Ft
(12,370.93 kr)
52,330.99 Ft
(19,990.45 kr)
     +61.6 %
1 Pair of Men Leather Business Shoes 35,043.71 Ft
(13,386.71 kr)
66,210.29 Ft
(25,292.35 kr)
     +88.9 %
Rent Per Month
Budapest Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 226,473.05 Ft
(86,512.78 kr)
672,556.66 Ft
(256,916.88 kr)
     +197.0 %
Apartment (1 bedroom) Outside of Centre 179,290.47 Ft
(68,489.02 kr)
600,792.36 Ft
(229,502.89 kr)
     +235.1 %
Apartment (3 bedrooms) in City Centre 403,807.41 Ft
(154,254.57 kr)
984,202.04 Ft
(375,965.52 kr)
     +143.7 %
Apartment (3 bedrooms) Outside of Centre 301,512.33 Ft
(115,177.82 kr)
857,142.09 Ft
(327,428.57 kr)
     +184.3 %
Buy Apartment Price
Budapest Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 130,063.17 Ft
(49,684.18 kr)
208,630.36 Ft
(79,696.87 kr)
     +60.4 %
Price per Square Feet to Buy Apartment Outside of Centre 88,558.46 Ft
(33,829.36 kr)
166,996.44 Ft
(63,792.70 kr)
     +88.6 %
Salaries And Financing
Budapest Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 415,830.96 Ft
(158,847.57 kr)
1,307,891.41 Ft
(499,614.97 kr)
     +214.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.02 8.05      -19.6 %
Last update: February 2024February 2024
Contributors in the past 12 months:701143