Cost of Living Comparison Between Budapest and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 121.99% higher than in Budapest (without rent)
Consumer Prices Including Rent in Reykjavik are 140.93% higher than in Budapest
Rent Prices in Reykjavik are 197.36% higher than in Budapest
Restaurant Prices in Reykjavik are 204.32% higher than in Budapest
Groceries Prices in Reykjavik are 146.75% higher than in Budapest
Local Purchasing Power in Reykjavik is 29.19% 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
(848.23 kr)
5,894.66 Ft
(2,500.00 kr)
     +194.73 %
Meal for 2 People, Mid-range Restaurant, Three-course 12,000.00 Ft
(5,089.35 kr)
36,523.30 Ft
(15,490.00 kr)
     +204.36 %
McMeal at McDonalds (or Equivalent Combo Meal) 1,600.00 Ft
(678.58 kr)
4,184.03 Ft
(1,774.50 kr)
     +161.50 %
Domestic Beer (1 pint draught) 500.00 Ft
(212.06 kr)
2,829.44 Ft
(1,200.00 kr)
     +465.89 %
Imported Beer (12 oz small bottle) 600.00 Ft
(254.47 kr)
2,829.44 Ft
(1,200.00 kr)
     +371.57 %
Cappuccino (regular) 501.50 Ft
(212.69 kr)
1,388.71 Ft
(588.97 kr)
     +176.91 %
Coke/Pepsi (12 oz small bottle) 344.40 Ft
(146.07 kr)
822.69 Ft
(348.91 kr)
     +138.87 %
Water (12 oz small bottle) 264.68 Ft
(112.25 kr)
641.58 Ft
(272.10 kr)
     +142.40 %
Markets
Budapest Edit Reykjavik Edit
Milk (regular), (1 gallon) 961.39 Ft
(407.74 kr)
1,597.19 Ft
(677.39 kr)
     +66.13 %
Loaf of Fresh White Bread (1 lb) 232.43 Ft
(98.58 kr)
1,020.24 Ft
(432.70 kr)
     +338.95 %
Rice (white), (1 lb) 179.10 Ft
(75.96 kr)
378.29 Ft
(160.44 kr)
     +111.21 %
Eggs (regular) (12) 571.62 Ft
(242.43 kr)
1,654.39 Ft
(701.65 kr)
     +189.42 %
Local Cheese (1 lb) 973.25 Ft
(412.77 kr)
1,695.37 Ft
(719.03 kr)
     +74.20 %
Chicken Fillets (1 lb) 685.92 Ft
(290.91 kr)
2,068.79 Ft
(877.40 kr)
     +201.61 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 1,206.88 Ft
(511.85 kr)
3,717.74 Ft
(1,576.74 kr)
     +208.05 %
Apples (1 lb) 224.14 Ft
(95.06 kr)
325.41 Ft
(138.01 kr)
     +45.18 %
Banana (1 lb) 202.50 Ft
(85.88 kr)
272.99 Ft
(115.78 kr)
     +34.81 %
Oranges (1 lb) 242.85 Ft
(102.99 kr)
295.23 Ft
(125.21 kr)
     +21.57 %
Tomato (1 lb) 261.81 Ft
(111.04 kr)
635.82 Ft
(269.66 kr)
     +142.86 %
Potato (1 lb) 125.65 Ft
(53.29 kr)
352.00 Ft
(149.29 kr)
     +180.15 %
Onion (1 lb) 133.33 Ft
(56.55 kr)
242.11 Ft
(102.68 kr)
     +81.59 %
Lettuce (1 head) 335.97 Ft
(142.49 kr)
758.35 Ft
(321.62 kr)
     +125.72 %
Water (1.5 liter bottle) 116.79 Ft
(49.53 kr)
621.80 Ft
(263.71 kr)
     +432.42 %
Bottle of Wine (Mid-Range) 1,500.00 Ft
(636.17 kr)
6,012.55 Ft
(2,550.00 kr)
     +300.84 %
Domestic Beer (0.5 liter bottle) 269.82 Ft
(114.43 kr)
1,031.93 Ft
(437.66 kr)
     +282.46 %
Imported Beer (12 oz small bottle) 377.71 Ft
(160.19 kr)
946.09 Ft
(401.25 kr)
     +150.48 %
Cigarettes 20 Pack (Marlboro) 1,500.00 Ft
(636.17 kr)
3,487.28 Ft
(1,479.00 kr)
     +132.49 %
Transportation
Budapest Edit Reykjavik Edit
One-way Ticket (Local Transport) 350.00 Ft
(148.44 kr)
1,131.77 Ft
(480.00 kr)
     +223.36 %
Monthly Pass (Regular Price) 9,500.00 Ft
(4,029.07 kr)
30,416.43 Ft
(12,900.00 kr)
     +220.17 %
Taxi Start (Normal Tariff) 700.00 Ft
(296.88 kr)
1,626.93 Ft
(690.00 kr)
     +132.42 %
Taxi 1 mile (Normal Tariff) 482.80 Ft
(204.76 kr)
1,330.01 Ft
(564.08 kr)
     +175.48 %
Taxi 1hour Waiting (Normal Tariff) 4,500.00 Ft
(1,908.51 kr)
18,674.27 Ft
(7,920.00 kr)
     +314.98 %
Gasoline (1 gallon) 1,439.98 Ft
(610.71 kr)
2,021.36 Ft
(857.29 kr)
     +40.37 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 6,789,485.00 Ft
(2,879,507.92 kr)
8,936,300.52 Ft
(3,790,000.00 kr)
     +31.62 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 6,724,435.07 Ft
(2,851,919.41 kr)
10,124,877.79 Ft
(4,294,090.91 kr)
     +50.57 %
Utilities (Monthly)
Budapest Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 49,076.21 Ft
(20,813.85 kr)
30,511.32 Ft
(12,940.24 kr)
     -37.83 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 27.55 Ft
(11.68 kr)
46.15 Ft
(19.57 kr)
     +67.53 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 4,539.03 Ft
(1,925.06 kr)
19,988.25 Ft
(8,477.27 kr)
     +340.36 %
Sports And Leisure
Budapest Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 12,996.84 Ft
(5,512.13 kr)
16,960.12 Ft
(7,193.01 kr)
     +30.49 %
Tennis Court Rent (1 Hour on Weekend) 3,943.55 Ft
(1,672.51 kr)
10,426.99 Ft
(4,422.22 kr)
     +164.41 %
Cinema, International Release, 1 Seat 1,925.00 Ft
(816.42 kr)
3,890.47 Ft
(1,650.00 kr)
     +102.10 %
Childcare
Budapest Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 106,666.67 Ft
(45,238.71 kr)
85,892.23 Ft
(36,428.00 kr)
     -19.48 %
International Primary School, Yearly for 1 Child 2,433,178.37 Ft
(1,031,942.24 kr)
2,027,762.12 Ft
(860,000.00 kr)
     -16.66 %
Clothing And Shoes
Budapest Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 21,895.10 Ft
(9,285.99 kr)
33,870.19 Ft
(14,364.78 kr)
     +54.69 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 9,197.52 Ft
(3,900.79 kr)
14,209.23 Ft
(6,026.32 kr)
     +54.49 %
1 Pair of Nike Running Shoes (Mid-Range) 23,308.69 Ft
(9,885.52 kr)
41,969.49 Ft
(17,799.80 kr)
     +80.06 %
1 Pair of Men Leather Business Shoes 27,465.79 Ft
(11,648.59 kr)
54,862.65 Ft
(23,267.95 kr)
     +99.75 %
Rent Per Month
Budapest Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 154,615.76 Ft
(65,574.53 kr)
474,940.96 Ft
(201,428.57 kr)
     +207.17 %
Apartment (1 bedroom) Outside of Centre 118,300.36 Ft
(50,172.70 kr)
406,495.57 Ft
(172,400.00 kr)
     +243.61 %
Apartment (3 bedrooms) in City Centre 290,113.65 Ft
(123,040.93 kr)
753,972.02 Ft
(319,769.23 kr)
     +159.89 %
Apartment (3 bedrooms) Outside of Centre 204,544.54 Ft
(86,749.97 kr)
647,079.60 Ft
(274,434.78 kr)
     +216.35 %
Buy Apartment Price
Budapest Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 95,722.64 Ft
(40,597.20 kr)
132,077.68 Ft
(56,015.84 kr)
     +37.98 %
Price per Square Feet to Buy Apartment Outside of Centre 63,586.93 Ft
(26,968.03 kr)
101,437.07 Ft
(43,020.77 kr)
     +59.53 %
Salaries And Financing
Budapest Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 298,023.16 Ft
(126,395.46 kr)
927,615.59 Ft
(393,413.70 kr)
     +211.26 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.84 5.93      +22.46 %
Last update: February 2021February 2021
Contributors in the past 12 months:61275