Cost of Living Comparison Between Hungary and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 100.3% higher than in Hungary (without rent) | |
| Consumer Prices Including Rent in Iceland are 123.9% higher than in Hungary | |
| Rent Prices in Iceland are 215.1% higher than in Hungary | |
| Restaurant Prices in Iceland are 146.1% higher than in Hungary | |
| Groceries Prices in Iceland are 111.6% higher than in Hungary | |
| Local Purchasing Power in Iceland is 99.6% higher than in Hungary | |
Restaurants | Hungary Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 Ft (1,162.03 kr) |
6,454.22 Ft (2,500.00 kr) |
+115.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
14,750.00 Ft (5,713.32 kr) |
38,725.33 Ft (15,000.00 kr) |
+162.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,000.00 Ft (774.69 kr) |
5,163.38 Ft (2,000.00 kr) |
+158.2 % |
| Domestic Beer (1 pint draught) |
630.00 Ft (244.03 kr) |
3,098.03 Ft (1,200.00 kr) |
+391.8 % |
| Imported Beer (12 oz small bottle) |
760.00 Ft (294.38 kr) |
2,581.69 Ft (1,000.00 kr) |
+239.7 % |
| Cappuccino (regular) |
649.18 Ft (251.45 kr) |
1,572.51 Ft (609.10 kr) |
+142.2 % |
| Coke/Pepsi (12 oz small bottle) |
419.96 Ft (162.67 kr) |
908.32 Ft (351.83 kr) |
+116.3 % |
| Water (12 oz small bottle) |
345.37 Ft (133.78 kr) |
726.84 Ft (281.54 kr) |
+110.4 % |
Markets | Hungary Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
1,317.88 Ft (510.47 kr) |
1,994.11 Ft (772.40 kr) |
+51.3 % |
| Loaf of Fresh White Bread (1 lb) |
399.98 Ft (154.93 kr) |
1,021.35 Ft (395.61 kr) |
+155.4 % |
| Rice (white), (1 lb) |
242.82 Ft (94.05 kr) |
484.20 Ft (187.55 kr) |
+99.4 % |
| Eggs (regular) (12) |
852.91 Ft (330.37 kr) |
1,883.98 Ft (729.75 kr) |
+120.9 % |
| Local Cheese (1 lb) |
1,727.65 Ft (669.19 kr) |
2,106.93 Ft (816.11 kr) |
+22.0 % |
| Chicken Fillets (1 lb) |
774.61 Ft (300.04 kr) |
2,686.75 Ft (1,040.69 kr) |
+246.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,706.61 Ft (661.04 kr) |
4,225.81 Ft (1,636.84 kr) |
+147.6 % |
| Apples (1 lb) |
231.38 Ft (89.62 kr) |
502.77 Ft (194.75 kr) |
+117.3 % |
| Banana (1 lb) |
251.74 Ft (97.51 kr) |
354.42 Ft (137.28 kr) |
+40.8 % |
| Oranges (1 lb) |
267.66 Ft (103.68 kr) |
408.87 Ft (158.37 kr) |
+52.8 % |
| Tomato (1 lb) |
472.72 Ft (183.11 kr) |
707.58 Ft (274.07 kr) |
+49.7 % |
| Potato (1 lb) |
165.27 Ft (64.02 kr) |
418.04 Ft (161.93 kr) |
+152.9 % |
| Onion (1 lb) |
167.75 Ft (64.98 kr) |
218.59 Ft (84.67 kr) |
+30.3 % |
| Lettuce (1 head) |
399.27 Ft (154.65 kr) |
990.63 Ft (383.71 kr) |
+148.1 % |
| Water (1.5 liter bottle) |
136.89 Ft (53.02 kr) |
658.33 Ft (255.00 kr) |
+380.9 % |
| Bottle of Wine (Mid-Range) |
1,500.00 Ft (581.02 kr) |
6,454.22 Ft (2,500.00 kr) |
+330.3 % |
| Domestic Beer (0.5 liter bottle) |
318.55 Ft (123.39 kr) |
1,076.12 Ft (416.83 kr) |
+237.8 % |
| Imported Beer (12 oz small bottle) |
433.09 Ft (167.76 kr) |
937.98 Ft (363.32 kr) |
+116.6 % |
| Cigarettes 20 Pack (Marlboro) |
2,000.00 Ft (774.69 kr) |
4,053.25 Ft (1,570.00 kr) |
+102.7 % |
Transportation | Hungary Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
350.00 Ft (135.57 kr) |
1,265.03 Ft (490.00 kr) |
+261.4 % |
| Monthly Pass (Regular Price) |
9,500.00 Ft (3,679.76 kr) |
22,099.25 Ft (8,560.00 kr) |
+132.6 % |
| Taxi Start (Normal Tariff) |
900.00 Ft (348.61 kr) |
1,884.63 Ft (730.00 kr) |
+109.4 % |
| Taxi 1 mile (Normal Tariff) |
643.74 Ft (249.35 kr) |
1,375.25 Ft (532.69 kr) |
+113.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
5,400.00 Ft (2,091.65 kr) |
20,653.51 Ft (8,000.00 kr) |
+282.5 % |
| Gasoline (1 gallon) |
2,036.88 Ft (788.97 kr) |
2,988.30 Ft (1,157.50 kr) |
+46.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
8,206,700.98 Ft (3,178,811.59 kr) |
11,346,520.48 Ft (4,395,000.00 kr) |
+38.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
8,474,425.40 Ft (3,282,512.88 kr) |
12,644,702.10 Ft (4,897,842.11 kr) |
+49.2 % |
Utilities (Monthly) | Hungary Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
51,513.15 Ft (19,953.28 kr) |
37,606.20 Ft (14,566.51 kr) |
-27.0 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
29.26 Ft (11.33 kr) |
37.26 Ft (14.43 kr) |
+27.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
4,954.32 Ft (1,919.02 kr) |
24,079.61 Ft (9,327.08 kr) |
+386.0 % |
Sports And Leisure | Hungary Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
14,675.49 Ft (5,684.46 kr) |
22,136.24 Ft (8,574.33 kr) |
+50.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
3,981.44 Ft (1,542.19 kr) |
12,550.23 Ft (4,861.25 kr) |
+215.2 % |
| Cinema, International Release, 1 Seat |
2,150.00 Ft (832.79 kr) |
4,614.77 Ft (1,787.50 kr) |
+114.6 % |
Childcare | Hungary Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
106,766.39 Ft (41,355.26 kr) |
95,116.19 Ft (36,842.63 kr) |
-10.9 % |
| International Primary School, Yearly for 1 Child |
2,761,368.02 Ft (1,069,597.72 kr) |
1,658,734.79 Ft (642,500.00 kr) |
-39.9 % |
Clothing And Shoes | Hungary Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
24,712.08 Ft (9,572.06 kr) |
40,477.26 Ft (15,678.60 kr) |
+63.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
11,314.90 Ft (4,382.75 kr) |
18,080.60 Ft (7,003.40 kr) |
+59.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
27,090.91 Ft (10,493.49 kr) |
52,099.28 Ft (20,180.31 kr) |
+92.3 % |
| 1 Pair of Men Leather Business Shoes |
28,715.03 Ft (11,122.58 kr) |
62,103.55 Ft (24,055.40 kr) |
+116.3 % |
Rent Per Month | Hungary Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
157,245.79 Ft (60,908.12 kr) |
535,327.72 Ft (207,355.67 kr) |
+240.4 % |
| Apartment (1 bedroom) Outside of Centre |
118,239.23 Ft (45,799.19 kr) |
450,545.10 Ft (174,515.68 kr) |
+281.0 % |
| Apartment (3 bedrooms) in City Centre |
263,469.12 Ft (102,053.03 kr) |
749,256.35 Ft (290,219.51 kr) |
+184.4 % |
| Apartment (3 bedrooms) Outside of Centre |
206,609.98 Ft (80,029.02 kr) |
647,052.64 Ft (250,631.58 kr) |
+213.2 % |
Buy Apartment Price | Hungary Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
96,187.86 Ft (37,257.74 kr) |
177,987.65 Ft (68,942.35 kr) |
+85.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
69,431.38 Ft (26,893.79 kr) |
132,163.86 Ft (51,192.80 kr) |
+90.4 % |
Salaries And Financing | Hungary Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
318,432.96 Ft (123,342.91 kr) |
1,422,639.82 Ft (551,050.17 kr) |
+346.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.46 | 5.81 | -22.2 % |
| Last update: | March 2023 | March 2023 | |
| Contributors in the past 12 months: | 896 | 211 |
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