Cost of Living Comparison Between Budapest and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 74.1% higher than in Budapest (without rent)
Consumer Prices Including Rent in Reykjavik are 92.2% higher than in Budapest
Rent Prices in Reykjavik are 155.4% higher than in Budapest
Restaurant Prices in Reykjavik are 115.9% higher than in Budapest
Groceries Prices in Reykjavik are 83.6% higher than in Budapest
Local Purchasing Power in Reykjavik is 74.0% higher than in Budapest
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Budapest Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 3,500.00 Ft
(1,360.23 kr)
6,432.72 Ft
(2,500.00 kr)
     +83.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 16,000.00 Ft
(6,218.21 kr)
38,596.33 Ft
(15,000.00 kr)
     +141.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 2,500.00 Ft
(971.59 kr)
5,146.18 Ft
(2,000.00 kr)
     +105.8 %
Domestic Beer (1 pint draught) 800.00 Ft
(310.91 kr)
3,345.02 Ft
(1,300.00 kr)
     +318.1 %
Imported Beer (12 oz small bottle) 890.00 Ft
(345.89 kr)
2,830.40 Ft
(1,100.00 kr)
     +218.0 %
Cappuccino (regular) 730.26 Ft
(283.81 kr)
1,571.89 Ft
(610.90 kr)
     +115.3 %
Coke/Pepsi (12 oz small bottle) 466.84 Ft
(181.43 kr)
891.28 Ft
(346.38 kr)
     +90.9 %
Water (12 oz small bottle) 389.17 Ft
(151.25 kr)
690.85 Ft
(268.49 kr)
     +77.5 %
Markets
Budapest Edit Reykjavik Edit
Milk (regular), (1 gallon) 1,861.54 Ft
(723.46 kr)
2,069.55 Ft
(804.31 kr)
     +11.2 %
Loaf of Fresh White Bread (1 lb) 480.69 Ft
(186.82 kr)
1,040.11 Ft
(404.23 kr)
     +116.4 %
Rice (white), (1 lb) 331.89 Ft
(128.98 kr)
499.33 Ft
(194.06 kr)
     +50.5 %
Eggs (regular) (12) 1,214.66 Ft
(472.06 kr)
1,943.42 Ft
(755.29 kr)
     +60.0 %
Local Cheese (1 lb) 1,969.49 Ft
(765.42 kr)
2,300.26 Ft
(893.97 kr)
     +16.8 %
Chicken Fillets (1 lb) 859.20 Ft
(333.92 kr)
2,836.46 Ft
(1,102.36 kr)
     +230.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,805.29 Ft
(701.60 kr)
4,046.90 Ft
(1,572.78 kr)
     +124.2 %
Apples (1 lb) 254.97 Ft
(99.09 kr)
517.25 Ft
(201.02 kr)
     +102.9 %
Banana (1 lb) 298.20 Ft
(115.89 kr)
334.09 Ft
(129.84 kr)
     +12.0 %
Oranges (1 lb) 324.98 Ft
(126.30 kr)
390.45 Ft
(151.74 kr)
     +20.1 %
Tomato (1 lb) 569.84 Ft
(221.46 kr)
725.16 Ft
(281.82 kr)
     +27.3 %
Potato (1 lb) 187.02 Ft
(72.68 kr)
417.86 Ft
(162.40 kr)
     +123.4 %
Onion (1 lb) 202.29 Ft
(78.62 kr)
218.70 Ft
(84.99 kr)
     +8.1 %
Lettuce (1 head) 503.29 Ft
(195.60 kr)
911.84 Ft
(354.38 kr)
     +81.2 %
Water (1.5 liter bottle) 157.84 Ft
(61.34 kr)
644.13 Ft
(250.33 kr)
     +308.1 %
Bottle of Wine (Mid-Range) 2,000.00 Ft
(777.28 kr)
6,817.40 Ft
(2,649.50 kr)
     +240.9 %
Domestic Beer (0.5 liter bottle) 353.97 Ft
(137.57 kr)
1,077.27 Ft
(418.67 kr)
     +204.3 %
Imported Beer (12 oz small bottle) 542.04 Ft
(210.66 kr)
896.01 Ft
(348.22 kr)
     +65.3 %
Cigarettes 20 Pack (Marlboro) 2,055.00 Ft
(798.65 kr)
4,116.94 Ft
(1,600.00 kr)
     +100.3 %
Transportation
Budapest Edit Reykjavik Edit
One-way Ticket (Local Transport) 350.00 Ft
(136.02 kr)
1,286.54 Ft
(500.00 kr)
     +267.6 %
Monthly Pass (Regular Price) 9,500.00 Ft
(3,692.06 kr)
23,157.80 Ft
(9,000.00 kr)
     +143.8 %
Taxi Start (Normal Tariff) 1,000.00 Ft
(388.64 kr)
1,878.35 Ft
(730.00 kr)
     +87.8 %
Taxi 1 mile (Normal Tariff) 643.74 Ft
(250.18 kr)
1,714.37 Ft
(666.27 kr)
     +166.3 %
Taxi 1hour Waiting (Normal Tariff) 6,000.00 Ft
(2,331.83 kr)
21,022.13 Ft
(8,170.00 kr)
     +250.4 %
Gasoline (1 gallon) 2,485.12 Ft
(965.81 kr)
3,080.54 Ft
(1,197.22 kr)
     +24.0 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 9,500,000.00 Ft
(3,692,060.83 kr)
12,723,923.61 Ft
(4,945,000.00 kr)
     +33.9 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 8,901,136.34 Ft
(3,459,319.67 kr)
14,699,120.06 Ft
(5,712,636.36 kr)
     +65.1 %
Utilities (Monthly)
Budapest Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 60,665.74 Ft
(23,577.01 kr)
34,134.41 Ft
(13,265.93 kr)
     -43.7 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 30.52 Ft
(11.86 kr)
21.23 Ft
(8.25 kr)
     -30.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 5,373.09 Ft
(2,088.19 kr)
22,858.37 Ft
(8,883.63 kr)
     +325.4 %
Sports And Leisure
Budapest Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 18,191.21 Ft
(7,069.79 kr)
23,168.38 Ft
(9,004.11 kr)
     +27.4 %
Tennis Court Rent (1 Hour on Weekend) 4,712.86 Ft
(1,831.60 kr)
12,050.63 Ft
(4,683.33 kr)
     +155.7 %
Cinema, International Release, 1 Seat 2,500.00 Ft
(971.59 kr)
4,631.56 Ft
(1,800.00 kr)
     +85.3 %
Childcare
Budapest Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 144,075.19 Ft
(55,993.09 kr)
99,449.88 Ft
(38,650.00 kr)
     -31.0 %
International Primary School, Yearly for 1 Child 3,612,972.97 Ft
(1,404,138.53 kr)
2,139,952.10 Ft
(831,666.67 kr)
     -40.8 %
Clothing And Shoes
Budapest Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 28,007.37 Ft
(10,884.73 kr)
36,602.59 Ft
(14,225.16 kr)
     +30.7 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 12,856.96 Ft
(4,996.70 kr)
13,701.70 Ft
(5,325.00 kr)
     +6.6 %
1 Pair of Nike Running Shoes (Mid-Range) 28,652.03 Ft
(11,135.27 kr)
45,527.42 Ft
(17,693.68 kr)
     +58.9 %
1 Pair of Men Leather Business Shoes 33,942.61 Ft
(13,191.39 kr)
58,519.76 Ft
(22,743.00 kr)
     +72.4 %
Rent Per Month
Budapest Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 194,149.87 Ft
(75,454.02 kr)
550,391.97 Ft
(213,903.23 kr)
     +183.5 %
Apartment (1 bedroom) Outside of Centre 147,421.96 Ft
(57,293.77 kr)
470,617.92 Ft
(182,900.00 kr)
     +219.2 %
Apartment (3 bedrooms) in City Centre 357,991.63 Ft
(139,129.14 kr)
786,953.45 Ft
(305,840.00 kr)
     +119.8 %
Apartment (3 bedrooms) Outside of Centre 253,664.32 Ft
(98,583.59 kr)
669,003.06 Ft
(260,000.00 kr)
     +163.7 %
Buy Apartment Price
Budapest Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 125,082.34 Ft
(48,611.75 kr)
202,346.54 Ft
(78,639.55 kr)
     +61.8 %
Price per Square Feet to Buy Apartment Outside of Centre 83,502.59 Ft
(32,452.28 kr)
146,953.63 Ft
(57,111.76 kr)
     +76.0 %
Salaries And Financing
Budapest Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 381,643.54 Ft
(148,321.17 kr)
1,276,623.53 Ft
(496,144.39 kr)
     +234.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.51 5.74      -32.5 %
Last update: February 2023February 2023
Contributors in the past 12 months:979150