Budapest vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Budapest	Reykjavik
🚶 Cost of living one person	$1109	$2938
👨‍👩‍👧‍👦 Cost of living Family	$2730	$5875
🏠 One person rent	$553	$1801
🏘️ Family rent	$965	$2674
🍽️ Food expenses	$342	$827
🚐 Transport expenses	$105	$90.1
💳 Monthly salary after tax	$1229	$3761
😷 Air quality	Good	Excellent
✈️ Airport proximity	18 km	4 km
🎓 Higher education	92	53
😀 Quality of life	79	89
🏙️ Population	1.69M	140K

The cost of living in Budapest is 62% less expensive than in Reykjavik. Cities ranked 4777th and 200th ($1109 vs $2938) in the list of the most expensive cities in the world and ranked 1st and 1st in Hungary and Iceland, respectively. Check Hungary vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.1 months in Budapest compared to 1.3 months in Reykjavik. Budapest ranked 1st best city to live in Hungary vs Reykjavik ranked 1st in Iceland, while ranked 618th and 194th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Budapest vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/budapest/reykjavik.jpg" alt="Cost of living in Budapest vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/budapest/reykjavik" target="_blank">Budapest vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Budapest vs Reykjavik

Prices for goods and services in Budapest and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Budapest	Reykjavik
Eating Out
🍱 Lunch Menu	$9.45	$21.5
🥂 Dinner in a Restaurant, for 2	$45	$137
🥪 Fast food meal, equiv. McDonald's	$7.53	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.55	$10.8
☕ Cappuccino	$2.77	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.48	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$574	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$426	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1044	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$769	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$79.4	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$123	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$18.1	$71.4
🏦 Mortgage Interest Rate for 20 Years	6.95%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$4106	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2694	$5599
Transportation
🚌 Local transport ticket	$1.18	$4.52
🎟️ Monthly ticket local transport	$23.7	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$11.7	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.62	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$1.13	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.24	$3.74
🍚 Rice, 1 kg or 2.2 lb	$1.52	$3.24
🥚 Eggs, x12	$2.78	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$10	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.66	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$11.6	$37
🍏 Apples, 1 kg or 2.2 lb	$1.66	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.73	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.88	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$2.99	$4.73
🥔 Potato, 1 kg or 2.2 lb	$1.13	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.15	$2.11
🌊 Water, 1 L or 1 qt	$0.34	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.96	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$5.79	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.03	$3.26
🚬 Cigarette pack	$5.93	$12.3
💊 Cold medicince, 1 week	$9.29	$10.4
🧴 Hair Shampoo	$3.38	$5.23
🧻 Toilet paper, 4 rolls	$2.15	$4.55
👄 Toothpaste, 1 tube	$2.73	$3.2
Other
🏋️ Gym Membership, 1 month	$51	$73.2
🎫 Cinema Ticket, 1 person	$7.6	$15.9
👩‍⚕️ Doctor's visit	$49.5	$82.2
💇 Haircut, simple	$12.8	$45.6
👖 Brand Jeans	$71.3	$128
👟 Brand Sneakers	$82.8	$162
👶 Daycare or Preschool, 1 month	$374	$279
🏫 International Primary School, 1 year	$11151	$2532

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Budapest

Distance	City	Cost of living
8.2 km or 5.1 mi	Budafok-Teteny	$901
16 km or 9.8 mi	Erd	$790
16 km or 10 mi	Dunakeszi	$939
17 km or 11 mi	Szigetszentmiklos	$843
27 km or 17 mi	Godollo	$924
32 km or 20 mi	Vac	$827
49 km or 31 mi	Tatabanya	$794
58 km or 36 mi	Szekesfehervar	$762
58 km or 36 mi	Dunaujvaros	$684
67 km or 42 mi	Cegled	$855
74 km or 46 mi	Komarno	$1045
82 km or 51 mi	Kecskemet	$781
84 km or 52 mi	Nove Zamky	$1019
86 km or 53 mi	Salgotarjan	$823
86 km or 53 mi	Levice	$987
93 km or 58 mi	Szolnok	$666
96 km or 59 mi	Veszprem	$786
104 km or 65 mi	Lucenec	$922
107 km or 67 mi	Gyor	$784
109 km or 68 mi	Eger	$784
115 km or 72 mi	Nitra	$1039
121 km or 75 mi	Zvolen	$1237
123 km or 76 mi	Ozd	$802
130 km or 81 mi	Szekszard	$747
138 km or 86 mi	Banska Bystrica	$1080
139 km or 86 mi	Mosonmagyarovar	$794
145 km or 90 mi	Prievidza	$892
146 km or 91 mi	Trnava	$1181
146 km or 91 mi	Miskolc	$676
146 km or 91 mi	Baja	$692
150 km or 93 mi	Piestany	$935
153 km or 95 mi	Hodmezovasarhely	$681
158 km or 98 mi	Kaposvar	$750
160 km or 99 mi	Petrzalka	$1202
161 km or 100 mi	Bratislava	$1275
163 km or 101 mi	Subotica	$768
163 km or 101 mi	Szeged	$766
170 km or 106 mi	Pecs	$848
172 km or 107 mi	Trencin	$1118
174 km or 108 mi	Martin	$1039

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2802
9.8 km or 6.1 mi	Hafnarfjorur	$2817
38 km or 24 mi	Keflavik	$2355
247 km or 153 mi	Akureyri	$2678
795 km or 494 mi	Torshavn	$1828
1204 km or 748 mi	Inverness	$1722
1230 km or 764 mi	Elgin	$1393
1300 km or 808 mi	Derry	$1390
1309 km or 813 mi	Greenock	$1601
1321 km or 821 mi	Aberdeen	$1614
1325 km or 823 mi	Perth	$1500
1328 km or 825 mi	Stirling	$1604
1331 km or 827 mi	Paisley	$1765
1333 km or 828 mi	Alloa	$1649
1337 km or 831 mi	Glasgow	$2011
1339 km or 832 mi	Dundee	$1482
1340 km or 833 mi	Omagh	$1562
1341 km or 833 mi	Cumbernauld	$1475
1342 km or 834 mi	Irvine	$1551
1348 km or 838 mi	East Kilbride	$1763
1349 km or 838 mi	Kilmarnock	$1480
1351 km or 839 mi	Dunfermline	$1692
1353 km or 841 mi	Hamilton	$1699
1357 km or 843 mi	Ayr	$1404
1360 km or 845 mi	Kirkcaldy	$1610
1365 km or 848 mi	Livingston	$1608
1372 km or 852 mi	Edinburgh	$2140
1382 km or 859 mi	Newtownabbey	$1692
1387 km or 862 mi	Belfast	$1755
1390 km or 864 mi	Bangor	$1382
1391 km or 864 mi	Lisburn	$1713
1401 km or 871 mi	Alesund	$1603
1413 km or 878 mi	Galway	$2297
1425 km or 886 mi	Dundalk	$1767
1431 km or 889 mi	Dumfries	$1246
1433 km or 891 mi	Nuuk	$2031
1441 km or 895 mi	Molde	$1813
1454 km or 903 mi	Kristiansund	$1700
1455 km or 904 mi	Drogheda	$2628
1455 km or 904 mi	Bergen	$2006