Cost of Living Comparison Between Budapest and Reykjavik 
| Indices Difference |  |
|---|---|
| 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 | |
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 2023 | February 2023 | |
| Contributors in the past 12 months: | 979 | 150 |
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 |