Cost of Living Comparison Between Hungary and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 127.6% higher than in Hungary (without rent) | |
| Cost of Living Including Rent in Iceland is 159.7% higher than in Hungary | |
| Rent Prices in Iceland are 293.2% higher than in Hungary | |
| Restaurant Prices in Iceland are 161.6% higher than in Hungary | |
| Groceries Prices in Iceland are 154.2% higher than in Hungary | |
| Local Purchasing Power in Iceland is 73.1% higher than in Hungary | |
Restaurants | Hungary Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
4,000.00 Ft (1,400.25 kr) |
8,569.88 Ft (3,000.00 kr) |
+114.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 Ft (6,301.14 kr) |
51,419.29 Ft (18,000.00 kr) |
+185.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
3,000.00 Ft (1,050.19 kr) |
7,141.57 Ft (2,500.00 kr) |
+138.1 % |
| Domestic Beer (1 pint draught) |
800.00 Ft (280.05 kr) |
4,284.94 Ft (1,500.00 kr) |
+435.6 % |
| Imported Beer (12 oz small bottle) |
990.00 Ft (346.56 kr) |
3,856.45 Ft (1,350.00 kr) |
+289.5 % |
| Cappuccino (regular) |
772.68 Ft (270.49 kr) |
2,118.95 Ft (741.77 kr) |
+174.2 % |
| Coke/Pepsi (12 oz small bottle) |
509.30 Ft (178.29 kr) |
1,197.58 Ft (419.23 kr) |
+135.1 % |
| Water (12 oz small bottle) |
389.82 Ft (136.46 kr) |
931.05 Ft (325.93 kr) |
+138.8 % |
Markets | Hungary Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
1,504.91 Ft (526.82 kr) |
2,554.97 Ft (894.40 kr) |
+69.8 % |
| Loaf of Fresh White Bread (1 lb) |
472.73 Ft (165.48 kr) |
1,325.67 Ft (464.07 kr) |
+180.4 % |
| Rice (white), (1 lb) |
310.64 Ft (108.74 kr) |
556.25 Ft (194.72 kr) |
+79.1 % |
| Eggs (regular) (12) |
978.45 Ft (342.52 kr) |
2,294.28 Ft (803.14 kr) |
+134.5 % |
| Local Cheese (1 lb) |
1,590.30 Ft (556.71 kr) |
2,879.91 Ft (1,008.15 kr) |
+81.1 % |
| Chicken Fillets (1 lb) |
912.10 Ft (319.29 kr) |
3,739.09 Ft (1,308.92 kr) |
+309.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,933.10 Ft (676.71 kr) |
6,402.40 Ft (2,241.25 kr) |
+231.2 % |
| Apples (1 lb) |
259.81 Ft (90.95 kr) |
523.50 Ft (183.26 kr) |
+101.5 % |
| Banana (1 lb) |
293.10 Ft (102.60 kr) |
400.04 Ft (140.04 kr) |
+36.5 % |
| Oranges (1 lb) |
302.16 Ft (105.77 kr) |
472.04 Ft (165.24 kr) |
+56.2 % |
| Tomato (1 lb) |
505.91 Ft (177.10 kr) |
856.31 Ft (299.76 kr) |
+69.3 % |
| Potato (1 lb) |
184.55 Ft (64.60 kr) |
585.73 Ft (205.04 kr) |
+217.4 % |
| Onion (1 lb) |
201.32 Ft (70.47 kr) |
356.66 Ft (124.85 kr) |
+77.2 % |
| Lettuce (1 head) |
481.11 Ft (168.42 kr) |
1,182.31 Ft (413.88 kr) |
+145.7 % |
| Water (1.5 liter bottle) |
183.01 Ft (64.07 kr) |
861.71 Ft (301.65 kr) |
+370.8 % |
| Bottle of Wine (Mid-Range) |
1,800.00 Ft (630.11 kr) |
8,569.88 Ft (3,000.00 kr) |
+376.1 % |
| Domestic Beer (0.5 liter bottle) |
383.74 Ft (134.33 kr) |
1,273.54 Ft (445.82 kr) |
+231.9 % |
| Imported Beer (12 oz small bottle) |
495.86 Ft (173.58 kr) |
1,081.39 Ft (378.56 kr) |
+118.1 % |
| Cigarettes 20 Pack (Marlboro) |
2,250.00 Ft (787.64 kr) |
4,927.68 Ft (1,725.00 kr) |
+119.0 % |
Transportation | Hungary Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
450.00 Ft (157.53 kr) |
1,799.68 Ft (630.00 kr) |
+299.9 % |
| Monthly Pass (Regular Price) |
8,950.00 Ft (3,133.07 kr) |
29,708.92 Ft (10,400.00 kr) |
+231.9 % |
| Taxi Start (Normal Tariff) |
1,100.00 Ft (385.07 kr) |
2,256.74 Ft (790.00 kr) |
+105.2 % |
| Taxi 1 mile (Normal Tariff) |
708.11 Ft (247.88 kr) |
1,489.52 Ft (521.43 kr) |
+110.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
6,600.00 Ft (2,310.42 kr) |
30,337.38 Ft (10,620.00 kr) |
+359.7 % |
| Gasoline (1 gallon) |
2,321.38 Ft (812.63 kr) |
3,370.43 Ft (1,179.86 kr) |
+45.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
9,852,500.00 Ft (3,448,997.69 kr) |
17,139,762.11 Ft (6,000,000.00 kr) |
+74.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
10,078,724.20 Ft (3,528,190.46 kr) |
18,645,612.64 Ft (6,527,142.86 kr) |
+85.0 % |
Utilities (Monthly) | Hungary Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
50,666.79 Ft (17,736.58 kr) |
31,315.77 Ft (10,962.50 kr) |
-38.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
9,139.37 Ft (3,199.36 kr) |
9,786.80 Ft (3,426.00 kr) |
+7.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
6,798.67 Ft (2,379.96 kr) |
29,512.94 Ft (10,331.39 kr) |
+334.1 % |
Sports And Leisure | Hungary Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
16,922.91 Ft (5,924.09 kr) |
28,505.60 Ft (9,978.76 kr) |
+68.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,903.92 Ft (2,066.75 kr) |
15,058.51 Ft (5,271.43 kr) |
+155.1 % |
| Cinema, International Release, 1 Seat |
2,800.00 Ft (980.18 kr) |
5,856.09 Ft (2,050.00 kr) |
+109.1 % |
Childcare | Hungary Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
125,753.97 Ft (44,021.84 kr) |
117,563.97 Ft (41,154.82 kr) |
-6.5 % |
| International Primary School, Yearly for 1 Child |
3,810,862.87 Ft (1,334,042.86 kr) |
999,819.46 Ft (350,000.00 kr) |
-73.8 % |
Clothing And Shoes | Hungary Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
27,074.93 Ft (9,477.94 kr) |
48,939.33 Ft (17,131.86 kr) |
+80.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
12,127.19 Ft (4,245.28 kr) |
22,624.49 Ft (7,920.00 kr) |
+86.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
30,860.34 Ft (10,803.07 kr) |
63,221.70 Ft (22,131.59 kr) |
+104.9 % |
| 1 Pair of Men Leather Business Shoes |
33,693.82 Ft (11,794.97 kr) |
83,845.36 Ft (29,351.18 kr) |
+148.8 % |
Rent Per Month | Hungary Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
190,431.60 Ft (66,663.09 kr) |
791,088.68 Ft (276,931.03 kr) |
+315.4 % |
| Apartment (1 bedroom) Outside of Centre |
150,811.97 Ft (52,793.72 kr) |
710,709.10 Ft (248,793.10 kr) |
+371.3 % |
| Apartment (3 bedrooms) in City Centre |
319,902.24 Ft (111,986.00 kr) |
1,125,401.17 Ft (393,961.54 kr) |
+251.8 % |
| Apartment (3 bedrooms) Outside of Centre |
254,424.25 Ft (89,064.57 kr) |
973,230.85 Ft (340,692.31 kr) |
+282.5 % |
Buy Apartment Price | Hungary Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
106,654.25 Ft (37,335.73 kr) |
236,491.15 Ft (82,786.85 kr) |
+121.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
79,064.04 Ft (27,677.41 kr) |
198,361.53 Ft (69,439.07 kr) |
+150.9 % |
Salaries And Financing | Hungary Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
386,668.99 Ft (135,358.59 kr) |
1,738,290.82 Ft (608,511.65 kr) |
+349.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.64 | 9.48 | +24.1 % |
| Last update: | January 2025 | January 2025 | |
| Contributors in the past 12 months: | 549 | 134 |
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