Cost of Living Comparison Between Budapest and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 124.06% higher than in Budapest (without rent)
Consumer Prices Including Rent in Reykjavik are 142.49% higher than in Budapest
Rent Prices in Reykjavik are 197.80% higher than in Budapest
Restaurant Prices in Reykjavik are 202.78% higher than in Budapest
Groceries Prices in Reykjavik are 150.71% higher than in Budapest
Local Purchasing Power in Reykjavik is 32.48% higher than in Budapest
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Budapest Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 2,000.00 Ft
(841.06 kr)
5,944.87 Ft
(2,500.00 kr)
     +197.24 %
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 Ft
(5,046.37 kr)
35,669.24 Ft
(15,000.00 kr)
     +197.24 %
McMeal at McDonalds (or Equivalent Combo Meal) 1,600.00 Ft
(672.85 kr)
4,280.31 Ft
(1,800.00 kr)
     +167.52 %
Domestic Beer (1 pint draught) 500.00 Ft
(210.27 kr)
2,853.54 Ft
(1,200.00 kr)
     +470.71 %
Imported Beer (12 oz small bottle) 550.00 Ft
(231.29 kr)
2,615.74 Ft
(1,100.00 kr)
     +375.59 %
Cappuccino (regular) 501.88 Ft
(211.06 kr)
1,373.48 Ft
(577.59 kr)
     +173.66 %
Coke/Pepsi (12 oz small bottle) 334.38 Ft
(140.62 kr)
840.41 Ft
(353.42 kr)
     +151.33 %
Water (12 oz small bottle) 264.07 Ft
(111.05 kr)
675.01 Ft
(283.86 kr)
     +155.62 %
Markets
Budapest Edit Reykjavik Edit
Milk (regular), (1 gallon) 961.53 Ft
(404.35 kr)
1,692.82 Ft
(711.88 kr)
     +76.05 %
Loaf of Fresh White Bread (1 lb) 232.98 Ft
(97.97 kr)
1,045.11 Ft
(439.50 kr)
     +348.59 %
Rice (white), (1 lb) 179.98 Ft
(75.69 kr)
388.78 Ft
(163.49 kr)
     +116.01 %
Eggs (regular) (12) 582.66 Ft
(245.03 kr)
1,752.99 Ft
(737.18 kr)
     +200.86 %
Local Cheese (1 lb) 986.87 Ft
(415.01 kr)
1,816.40 Ft
(763.85 kr)
     +84.06 %
Chicken Fillets (1 lb) 701.32 Ft
(294.93 kr)
2,137.73 Ft
(898.98 kr)
     +204.81 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,222.10 Ft
(513.93 kr)
3,629.80 Ft
(1,526.44 kr)
     +197.01 %
Apples (1 lb) 223.63 Ft
(94.05 kr)
319.71 Ft
(134.45 kr)
     +42.96 %
Banana (1 lb) 203.53 Ft
(85.59 kr)
297.03 Ft
(124.91 kr)
     +45.93 %
Oranges (1 lb) 243.38 Ft
(102.35 kr)
288.83 Ft
(121.46 kr)
     +18.67 %
Tomato (1 lb) 274.65 Ft
(115.50 kr)
671.21 Ft
(282.26 kr)
     +144.38 %
Potato (1 lb) 126.33 Ft
(53.12 kr)
367.96 Ft
(154.74 kr)
     +191.28 %
Onion (1 lb) 130.50 Ft
(54.88 kr)
236.06 Ft
(99.27 kr)
     +80.89 %
Lettuce (1 head) 325.45 Ft
(136.86 kr)
738.86 Ft
(310.71 kr)
     +127.03 %
Water (1.5 liter bottle) 116.43 Ft
(48.96 kr)
627.10 Ft
(263.71 kr)
     +438.60 %
Bottle of Wine (Mid-Range) 1,500.00 Ft
(630.80 kr)
6,896.05 Ft
(2,900.00 kr)
     +359.74 %
Domestic Beer (0.5 liter bottle) 271.20 Ft
(114.05 kr)
1,113.10 Ft
(468.09 kr)
     +310.44 %
Imported Beer (12 oz small bottle) 386.82 Ft
(162.67 kr)
990.87 Ft
(416.69 kr)
     +156.16 %
Cigarettes 20 Pack (Marlboro) 1,600.00 Ft
(672.85 kr)
3,804.72 Ft
(1,600.00 kr)
     +137.79 %
Transportation
Budapest Edit Reykjavik Edit
One-way Ticket (Local Transport) 350.00 Ft
(147.19 kr)
1,141.42 Ft
(480.00 kr)
     +226.12 %
Monthly Pass (Regular Price) 9,500.00 Ft
(3,995.04 kr)
31,151.14 Ft
(13,100.00 kr)
     +227.91 %
Taxi Start (Normal Tariff) 700.00 Ft
(294.37 kr)
1,640.78 Ft
(690.00 kr)
     +134.40 %
Taxi 1 mile (Normal Tariff) 482.80 Ft
(203.03 kr)
1,343.26 Ft
(564.88 kr)
     +178.22 %
Taxi 1hour Waiting (Normal Tariff) 4,500.00 Ft
(1,892.39 kr)
18,833.36 Ft
(7,920.00 kr)
     +318.52 %
Gasoline (1 gallon) 1,517.95 Ft
(638.34 kr)
2,035.99 Ft
(856.20 kr)
     +34.13 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 7,018,749.30 Ft
(2,951,597.60 kr)
9,012,427.64 Ft
(3,790,000.00 kr)
     +28.41 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 6,861,445.49 Ft
(2,885,446.57 kr)
10,636,864.22 Ft
(4,473,125.00 kr)
     +55.02 %
Utilities (Monthly)
Budapest Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 50,450.83 Ft
(21,216.11 kr)
33,804.71 Ft
(14,215.91 kr)
     -32.99 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 27.43 Ft
(11.54 kr)
43.69 Ft
(18.38 kr)
     +59.27 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 4,362.12 Ft
(1,834.40 kr)
20,590.88 Ft
(8,659.09 kr)
     +372.04 %
Sports And Leisure
Budapest Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 12,715.08 Ft
(5,347.08 kr)
18,009.17 Ft
(7,573.41 kr)
     +41.64 %
Tennis Court Rent (1 Hour on Weekend) 3,753.30 Ft
(1,578.38 kr)
10,789.94 Ft
(4,537.50 kr)
     +187.48 %
Cinema, International Release, 1 Seat 1,950.00 Ft
(820.03 kr)
4,018.73 Ft
(1,690.00 kr)
     +106.09 %
Childcare
Budapest Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 104,531.25 Ft
(43,958.57 kr)
84,288.19 Ft
(35,445.75 kr)
     -19.37 %
International Primary School, Yearly for 1 Child 2,678,270.20 Ft
(1,126,294.10 kr)
2,045,036.35 Ft
(860,000.00 kr)
     -23.64 %
Clothing And Shoes
Budapest Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 21,833.02 Ft
(9,181.45 kr)
35,202.57 Ft
(14,803.75 kr)
     +61.24 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,766.36 Ft
(4,107.05 kr)
14,637.73 Ft
(6,155.61 kr)
     +49.88 %
1 Pair of Nike Running Shoes (Mid-Range) 23,672.28 Ft
(9,954.91 kr)
41,593.80 Ft
(17,491.46 kr)
     +75.71 %
1 Pair of Men Leather Business Shoes 27,769.11 Ft
(11,677.75 kr)
56,862.22 Ft
(23,912.29 kr)
     +104.77 %
Rent Per Month
Budapest Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 151,307.69 Ft
(63,629.49 kr)
477,876.34 Ft
(200,961.54 kr)
     +215.83 %
Apartment (1 bedroom) Outside of Centre 118,650.95 Ft
(49,896.33 kr)
411,860.81 Ft
(173,200.00 kr)
     +247.12 %
Apartment (3 bedrooms) in City Centre 290,269.52 Ft
(122,067.16 kr)
762,315.65 Ft
(320,576.92 kr)
     +162.62 %
Apartment (3 bedrooms) Outside of Centre 210,515.61 Ft
(88,528.22 kr)
643,235.27 Ft
(270,500.00 kr)
     +205.55 %
Buy Apartment Price
Budapest Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 96,700.84 Ft
(40,665.65 kr)
138,017.82 Ft
(58,040.69 kr)
     +42.73 %
Price per Square Feet to Buy Apartment Outside of Centre 63,993.26 Ft
(26,911.11 kr)
104,545.66 Ft
(43,964.63 kr)
     +63.37 %
Salaries And Financing
Budapest Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 304,247.48 Ft
(127,945.32 kr)
977,413.19 Ft
(411,031.98 kr)
     +221.26 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.68 5.36      +14.61 %
Last update: June 2021June 2021
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