Cost of Living Comparison Between Hungary and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 119.3% higher than in Hungary (without rent) | |
| Cost of Living Including Rent in Iceland is 149.4% higher than in Hungary | |
| Rent Prices in Iceland are 275.3% higher than in Hungary | |
| Restaurant Prices in Iceland are 150.6% higher than in Hungary | |
| Groceries Prices in Iceland are 147.6% higher than in Hungary | |
| Local Purchasing Power in Iceland is 73.9% higher than in Hungary | |
Restaurants | Hungary Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
4,000.00 Ft (1,413.29 kr) |
8,490.82 Ft (3,000.00 kr) |
+112.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 Ft (6,359.81 kr) |
48,058.05 Ft (16,980.00 kr) |
+167.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
3,000.00 Ft (1,059.97 kr) |
7,047.38 Ft (2,490.00 kr) |
+134.9 % |
| Domestic Beer (1 pint draught) |
800.00 Ft (282.66 kr) |
4,033.14 Ft (1,425.00 kr) |
+404.1 % |
| Imported Beer (12 oz small bottle) |
900.00 Ft (317.99 kr) |
3,396.33 Ft (1,200.00 kr) |
+277.4 % |
| Cappuccino (regular) |
774.22 Ft (273.55 kr) |
1,982.96 Ft (700.63 kr) |
+156.1 % |
| Coke/Pepsi (12 oz small bottle) |
504.75 Ft (178.34 kr) |
1,158.91 Ft (409.47 kr) |
+129.6 % |
| Water (12 oz small bottle) |
383.11 Ft (135.36 kr) |
863.42 Ft (305.07 kr) |
+125.4 % |
Markets | Hungary Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
1,510.46 Ft (533.68 kr) |
2,456.80 Ft (868.04 kr) |
+62.7 % |
| Loaf of Fresh White Bread (1 lb) |
473.54 Ft (167.31 kr) |
1,240.49 Ft (438.29 kr) |
+162.0 % |
| Rice (white), (1 lb) |
308.32 Ft (108.94 kr) |
545.43 Ft (192.71 kr) |
+76.9 % |
| Eggs (regular) (12) |
977.54 Ft (345.39 kr) |
2,254.67 Ft (796.63 kr) |
+130.6 % |
| Local Cheese (1 lb) |
1,596.45 Ft (564.06 kr) |
2,745.50 Ft (970.05 kr) |
+72.0 % |
| Chicken Fillets (1 lb) |
902.29 Ft (318.80 kr) |
3,556.10 Ft (1,256.45 kr) |
+294.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,927.25 Ft (680.94 kr) |
6,144.69 Ft (2,171.06 kr) |
+218.8 % |
| Apples (1 lb) |
253.87 Ft (89.70 kr) |
529.43 Ft (187.06 kr) |
+108.5 % |
| Banana (1 lb) |
293.27 Ft (103.62 kr) |
396.72 Ft (140.17 kr) |
+35.3 % |
| Oranges (1 lb) |
300.79 Ft (106.28 kr) |
467.57 Ft (165.20 kr) |
+55.4 % |
| Tomato (1 lb) |
498.18 Ft (176.02 kr) |
826.67 Ft (292.08 kr) |
+65.9 % |
| Potato (1 lb) |
183.72 Ft (64.91 kr) |
576.65 Ft (203.74 kr) |
+213.9 % |
| Onion (1 lb) |
203.84 Ft (72.02 kr) |
336.47 Ft (118.88 kr) |
+65.1 % |
| Lettuce (1 head) |
473.48 Ft (167.29 kr) |
1,197.72 Ft (423.18 kr) |
+153.0 % |
| Water (1.5 liter bottle) |
183.96 Ft (65.00 kr) |
822.47 Ft (290.60 kr) |
+347.1 % |
| Bottle of Wine (Mid-Range) |
1,750.00 Ft (618.31 kr) |
8,490.82 Ft (3,000.00 kr) |
+385.2 % |
| Domestic Beer (0.5 liter bottle) |
381.37 Ft (134.75 kr) |
1,260.38 Ft (445.32 kr) |
+230.5 % |
| Imported Beer (12 oz small bottle) |
501.15 Ft (177.07 kr) |
1,065.26 Ft (376.38 kr) |
+112.6 % |
| Cigarettes 20 Pack (Marlboro) |
2,200.00 Ft (777.31 kr) |
4,808.64 Ft (1,699.00 kr) |
+118.6 % |
Transportation | Hungary Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
450.00 Ft (159.00 kr) |
1,783.07 Ft (630.00 kr) |
+296.2 % |
| Monthly Pass (Regular Price) |
8,950.00 Ft (3,162.24 kr) |
29,434.85 Ft (10,400.00 kr) |
+228.9 % |
| Taxi Start (Normal Tariff) |
1,100.00 Ft (388.65 kr) |
2,193.46 Ft (775.00 kr) |
+99.4 % |
| Taxi 1 mile (Normal Tariff) |
708.11 Ft (250.19 kr) |
1,475.78 Ft (521.43 kr) |
+108.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
6,600.00 Ft (2,331.93 kr) |
30,057.51 Ft (10,620.00 kr) |
+355.4 % |
| Gasoline (1 gallon) |
2,330.50 Ft (823.42 kr) |
3,317.52 Ft (1,172.16 kr) |
+42.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
10,000,000.00 Ft (3,533,226.66 kr) |
16,670,314.61 Ft (5,890,000.00 kr) |
+66.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
10,167,929.21 Ft (3,592,559.86 kr) |
17,929,432.81 Ft (6,334,875.00 kr) |
+76.3 % |
Utilities (Monthly) | Hungary Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
50,790.15 Ft (17,945.31 kr) |
33,789.65 Ft (11,938.65 kr) |
-33.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
9,153.24 Ft (3,234.05 kr) |
9,835.20 Ft (3,475.00 kr) |
+7.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
6,719.96 Ft (2,374.31 kr) |
26,994.18 Ft (9,537.66 kr) |
+301.7 % |
Sports And Leisure | Hungary Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
16,942.42 Ft (5,986.14 kr) |
27,778.55 Ft (9,814.79 kr) |
+64.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,896.15 Ft (2,083.24 kr) |
12,181.19 Ft (4,303.89 kr) |
+106.6 % |
| Cinema, International Release, 1 Seat |
2,800.00 Ft (989.30 kr) |
5,787.91 Ft (2,045.00 kr) |
+106.7 % |
Childcare | Hungary Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
134,062.02 Ft (47,367.15 kr) |
106,994.98 Ft (37,803.75 kr) |
-20.2 % |
| International Primary School, Yearly for 1 Child |
3,771,441.65 Ft (1,332,535.82 kr) |
2,197,000.29 Ft (776,250.00 kr) |
-41.7 % |
Clothing And Shoes | Hungary Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
26,609.76 Ft (9,401.83 kr) |
45,693.47 Ft (16,144.54 kr) |
+71.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
11,882.23 Ft (4,198.26 kr) |
20,392.13 Ft (7,205.00 kr) |
+71.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
30,380.80 Ft (10,734.23 kr) |
60,638.12 Ft (21,424.82 kr) |
+99.6 % |
| 1 Pair of Men Leather Business Shoes |
32,929.62 Ft (11,634.78 kr) |
76,928.14 Ft (27,180.45 kr) |
+133.6 % |
Rent Per Month | Hungary Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
190,676.71 Ft (67,370.40 kr) |
745,111.29 Ft (263,264.71 kr) |
+290.8 % |
| Apartment (1 bedroom) Outside of Centre |
149,956.90 Ft (52,983.17 kr) |
660,952.25 Ft (233,529.41 kr) |
+340.8 % |
| Apartment (3 bedrooms) in City Centre |
315,778.44 Ft (111,571.68 kr) |
1,060,291.45 Ft (374,625.00 kr) |
+235.8 % |
| Apartment (3 bedrooms) Outside of Centre |
250,649.46 Ft (88,560.13 kr) |
937,970.54 Ft (331,406.25 kr) |
+274.2 % |
Buy Apartment Price | Hungary Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
107,887.36 Ft (38,119.05 kr) |
217,880.72 Ft (76,982.20 kr) |
+102.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
79,596.23 Ft (28,123.15 kr) |
182,157.34 Ft (64,360.32 kr) |
+128.9 % |
Salaries And Financing | Hungary Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
383,797.50 Ft (135,604.36 kr) |
1,664,858.86 Ft (588,232.37 kr) |
+333.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.68 | 8.30 | +8.0 % |
| Last update: | December 2024 | December 2024 | |
| Contributors in the past 12 months: | 836 | 256 |
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