Cost of Living Comparison Between Iceland and Hungary 
| Indices Difference |  |
|---|---|
| Consumer Prices in Hungary are 48.6% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Hungary are 55.4% lower than in Iceland | |
| Rent Prices in Hungary are 71.0% lower than in Iceland | |
| Restaurant Prices in Hungary are 56.4% lower than in Iceland | |
| Groceries Prices in Hungary are 54.2% lower than in Iceland | |
| Local Purchasing Power in Hungary is 47.7% lower than in Iceland | |
Restaurants | Iceland Edit |
Hungary Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (7,739.53 Ft) |
1,463.27 kr (3,775.00 Ft) |
-51.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,000.00 kr (41,277.51 Ft) |
6,977.16 kr (18,000.00 Ft) |
-56.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (5,932.35 Ft) |
1,085.34 kr (2,800.00 Ft) |
-52.8 % |
| Domestic Beer (1 pint draught) |
1,432.54 kr (3,695.73 Ft) |
290.72 kr (750.00 Ft) |
-79.7 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (3,095.81 Ft) |
310.10 kr (800.00 Ft) |
-74.2 % |
| Cappuccino (regular) |
684.23 kr (1,765.21 Ft) |
273.99 kr (706.85 Ft) |
-60.0 % |
| Coke/Pepsi (12 oz small bottle) |
392.85 kr (1,013.48 Ft) |
187.68 kr (484.18 Ft) |
-52.2 % |
| Water (12 oz small bottle) |
295.55 kr (762.47 Ft) |
142.49 kr (367.60 Ft) |
-51.8 % |
Markets | Iceland Edit |
Hungary Edit | |
| Milk (regular), (1 gallon) |
851.36 kr (2,196.37 Ft) |
570.55 kr (1,471.93 Ft) |
-33.0 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (1,124.88 Ft) |
187.69 kr (484.22 Ft) |
-57.0 % |
| Rice (white), (1 lb) |
200.68 kr (517.72 Ft) |
116.59 kr (300.77 Ft) |
-41.9 % |
| Eggs (regular) (12) |
799.58 kr (2,062.78 Ft) |
372.36 kr (960.63 Ft) |
-53.4 % |
| Local Cheese (1 lb) |
922.17 kr (2,379.05 Ft) |
633.04 kr (1,633.14 Ft) |
-31.4 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (3,028.74 Ft) |
339.13 kr (874.90 Ft) |
-71.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (5,017.58 Ft) |
749.72 kr (1,934.15 Ft) |
-61.5 % |
| Apples (1 lb) |
197.00 kr (508.23 Ft) |
94.92 kr (244.87 Ft) |
-51.8 % |
| Banana (1 lb) |
139.14 kr (358.97 Ft) |
111.68 kr (288.11 Ft) |
-19.7 % |
| Oranges (1 lb) |
171.19 kr (441.64 Ft) |
114.75 kr (296.04 Ft) |
-33.0 % |
| Tomato (1 lb) |
292.63 kr (754.93 Ft) |
190.76 kr (492.13 Ft) |
-34.8 % |
| Potato (1 lb) |
192.75 kr (497.27 Ft) |
72.28 kr (186.48 Ft) |
-62.5 % |
| Onion (1 lb) |
120.35 kr (310.47 Ft) |
80.18 kr (206.84 Ft) |
-33.4 % |
| Lettuce (1 head) |
434.00 kr (1,119.65 Ft) |
175.86 kr (453.69 Ft) |
-59.5 % |
| Water (1.5 liter bottle) |
293.57 kr (757.37 Ft) |
67.15 kr (173.25 Ft) |
-77.1 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (7,094.57 Ft) |
678.34 kr (1,750.00 Ft) |
-75.3 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (1,134.36 Ft) |
138.93 kr (358.43 Ft) |
-68.4 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (953.47 Ft) |
186.71 kr (481.67 Ft) |
-49.5 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (4,127.75 Ft) |
814.00 kr (2,100.00 Ft) |
-49.1 % |
Transportation | Iceland Edit |
Hungary Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (1,470.51 Ft) |
174.43 kr (450.00 Ft) |
-69.4 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (23,992.56 Ft) |
3,469.20 kr (8,950.00 Ft) |
-62.7 % |
| Taxi Start (Normal Tariff) |
730.00 kr (1,883.29 Ft) |
426.38 kr (1,100.00 Ft) |
-41.6 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (1,258.01 Ft) |
274.48 kr (708.11 Ft) |
-43.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (24,147.35 Ft) |
2,558.29 kr (6,600.00 Ft) |
-72.7 % |
| Gasoline (1 gallon) |
1,178.75 kr (3,040.98 Ft) |
901.85 kr (2,326.63 Ft) |
-23.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,290,000.00 kr (13,647,378.08 Ft) |
3,876,202.42 kr (10,000,000.00 Ft) |
-26.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,774,916.67 kr (14,898,387.74 Ft) |
3,760,292.05 kr (9,700,969.25 Ft) |
-34.9 % |
Utilities (Monthly) | Iceland Edit |
Hungary Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,759.64 kr (38,077.58 Ft) |
20,710.76 kr (53,430.55 Ft) |
+40.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (8,566.44 Ft) |
3,572.49 kr (9,216.47 Ft) |
+7.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,862.60 kr (25,443.98 Ft) |
2,300.69 kr (5,935.42 Ft) |
-76.7 % |
Sports And Leisure | Iceland Edit |
Hungary Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (22,870.68 Ft) |
5,981.84 kr (15,432.21 Ft) |
-32.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (10,960.04 Ft) |
1,939.56 kr (5,003.75 Ft) |
-54.3 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (5,159.69 Ft) |
969.05 kr (2,500.00 Ft) |
-51.5 % |
Childcare | Iceland Edit |
Hungary Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,663.56 kr (94,586.29 Ft) |
48,400.85 kr (124,866.67 Ft) |
+32.0 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (2,002,604.39 Ft) |
1,199,738.49 kr (3,095,138.89 Ft) |
+54.6 % |
Clothing And Shoes | Iceland Edit |
Hungary Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,025.31 kr (41,342.80 Ft) |
10,147.31 kr (26,178.49 Ft) |
-36.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,962.11 kr (17,961.15 Ft) |
4,278.18 kr (11,037.04 Ft) |
-38.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,026.67 kr (54,245.53 Ft) |
11,610.90 kr (29,954.31 Ft) |
-44.8 % |
| 1 Pair of Men Leather Business Shoes |
24,089.05 kr (62,146.00 Ft) |
12,454.81 kr (32,131.48 Ft) |
-48.3 % |
Rent Per Month | Iceland Edit |
Hungary Edit | |
| Apartment (1 bedroom) in City Centre |
242,694.54 kr (626,114.21 Ft) |
68,252.07 kr (176,079.74 Ft) |
-71.9 % |
| Apartment (1 bedroom) Outside of Centre |
216,068.43 kr (557,422.98 Ft) |
54,125.76 kr (139,636.06 Ft) |
-74.9 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (879,915.79 Ft) |
111,064.03 kr (286,527.95 Ft) |
-67.4 % |
| Apartment (3 bedrooms) Outside of Centre |
308,918.92 kr (796,962.81 Ft) |
88,088.74 kr (227,255.26 Ft) |
-71.5 % |
Buy Apartment Price | Iceland Edit |
Hungary Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,973.43 kr (190,839.95 Ft) |
38,797.70 kr (100,092.04 Ft) |
-47.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,040.83 kr (154,896.02 Ft) |
29,115.98 kr (75,114.70 Ft) |
-51.5 % |
Salaries And Financing | Iceland Edit |
Hungary Edit | |
| Average Monthly Net Salary (After Tax) |
583,731.28 kr (1,505,936.00 Ft) |
136,245.28 kr (351,491.66 Ft) |
-76.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 8.77 | +18.9 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 200 | 756 |
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