Cost of Living Comparison Between Hungary and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 98.7% higher than in Hungary (without rent) | |
| Cost of Living Including Rent in Iceland is 126.3% higher than in Hungary | |
| Rent Prices in Iceland are 244.7% higher than in Hungary | |
| Restaurant Prices in Iceland are 125.1% higher than in Hungary | |
| Groceries Prices in Iceland are 122.5% higher than in Hungary | |
| Local Purchasing Power in Iceland is 84.1% higher than in Hungary | |
Restaurants | Hungary Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
4,000.00 Ft (1,549.43 kr) |
7,744.78 Ft (3,000.00 kr) |
+93.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 Ft (6,972.43 kr) |
42,618.00 Ft (16,508.40 kr) |
+136.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
3,000.00 Ft (1,162.07 kr) |
6,195.83 Ft (2,400.00 kr) |
+106.5 % |
| Domestic Beer (1 pint draught) |
800.00 Ft (309.89 kr) |
3,614.23 Ft (1,400.00 kr) |
+351.8 % |
| Imported Beer (12 oz small bottle) |
900.00 Ft (348.62 kr) |
3,097.91 Ft (1,200.00 kr) |
+244.2 % |
| Cappuccino (regular) |
751.65 Ft (291.16 kr) |
1,800.52 Ft (697.44 kr) |
+139.5 % |
| Coke/Pepsi (12 oz small bottle) |
517.48 Ft (200.45 kr) |
1,077.28 Ft (417.29 kr) |
+108.2 % |
| Water (12 oz small bottle) |
401.15 Ft (155.39 kr) |
784.16 Ft (303.75 kr) |
+95.5 % |
Markets | Hungary Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
1,503.49 Ft (582.39 kr) |
2,225.28 Ft (861.98 kr) |
+48.0 % |
| Loaf of Fresh White Bread (1 lb) |
484.57 Ft (187.70 kr) |
1,114.18 Ft (431.59 kr) |
+129.9 % |
| Rice (white), (1 lb) |
311.01 Ft (120.47 kr) |
491.54 Ft (190.40 kr) |
+58.0 % |
| Eggs (regular) (12) |
986.10 Ft (381.97 kr) |
2,018.12 Ft (781.73 kr) |
+104.7 % |
| Local Cheese (1 lb) |
1,654.53 Ft (640.89 kr) |
2,429.98 Ft (941.27 kr) |
+46.9 % |
| Chicken Fillets (1 lb) |
881.46 Ft (341.44 kr) |
3,206.63 Ft (1,242.11 kr) |
+263.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,923.66 Ft (745.15 kr) |
5,580.11 Ft (2,161.50 kr) |
+190.1 % |
| Apples (1 lb) |
253.23 Ft (98.09 kr) |
460.27 Ft (178.29 kr) |
+81.8 % |
| Banana (1 lb) |
293.47 Ft (113.68 kr) |
365.10 Ft (141.43 kr) |
+24.4 % |
| Oranges (1 lb) |
298.49 Ft (115.62 kr) |
428.44 Ft (165.96 kr) |
+43.5 % |
| Tomato (1 lb) |
485.08 Ft (187.90 kr) |
747.53 Ft (289.56 kr) |
+54.1 % |
| Potato (1 lb) |
188.87 Ft (73.16 kr) |
503.19 Ft (194.92 kr) |
+166.4 % |
| Onion (1 lb) |
209.96 Ft (81.33 kr) |
318.14 Ft (123.24 kr) |
+51.5 % |
| Lettuce (1 head) |
455.54 Ft (176.46 kr) |
1,090.08 Ft (422.25 kr) |
+139.3 % |
| Water (1.5 liter bottle) |
175.34 Ft (67.92 kr) |
726.82 Ft (281.54 kr) |
+314.5 % |
| Bottle of Wine (Mid-Range) |
1,800.00 Ft (697.24 kr) |
7,744.78 Ft (3,000.00 kr) |
+330.3 % |
| Domestic Beer (0.5 liter bottle) |
370.84 Ft (143.65 kr) |
1,145.33 Ft (443.65 kr) |
+208.9 % |
| Imported Beer (12 oz small bottle) |
487.39 Ft (188.79 kr) |
961.34 Ft (372.38 kr) |
+97.2 % |
| Cigarettes 20 Pack (Marlboro) |
2,200.00 Ft (852.19 kr) |
4,271.25 Ft (1,654.50 kr) |
+94.1 % |
Transportation | Hungary Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
450.00 Ft (174.31 kr) |
1,626.40 Ft (630.00 kr) |
+261.4 % |
| Monthly Pass (Regular Price) |
8,950.00 Ft (3,466.85 kr) |
26,848.59 Ft (10,400.00 kr) |
+200.0 % |
| Taxi Start (Normal Tariff) |
1,100.00 Ft (426.09 kr) |
1,910.38 Ft (740.00 kr) |
+73.7 % |
| Taxi 1 mile (Normal Tariff) |
708.11 Ft (274.29 kr) |
1,346.11 Ft (521.43 kr) |
+90.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
6,600.00 Ft (2,556.56 kr) |
26,487.16 Ft (10,260.00 kr) |
+301.3 % |
| Gasoline (1 gallon) |
2,309.52 Ft (894.61 kr) |
3,039.62 Ft (1,177.42 kr) |
+31.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
10,000,000.00 Ft (3,873,574.55 kr) |
14,947,434.03 Ft (5,790,000.00 kr) |
+49.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
10,168,639.77 Ft (3,938,898.42 kr) |
16,114,601.74 Ft (6,242,111.11 kr) |
+58.5 % |
Utilities (Monthly) | Hungary Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
53,050.19 Ft (20,549.39 kr) |
34,372.30 Ft (13,314.37 kr) |
-35.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
9,293.22 Ft (3,599.80 kr) |
8,878.34 Ft (3,439.09 kr) |
-4.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
6,406.66 Ft (2,481.67 kr) |
25,798.32 Ft (9,993.17 kr) |
+302.7 % |
Sports And Leisure | Hungary Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
16,153.38 Ft (6,257.13 kr) |
24,384.50 Ft (9,445.52 kr) |
+51.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,448.94 Ft (2,110.69 kr) |
11,110.90 Ft (4,303.89 kr) |
+103.9 % |
| Cinema, International Release, 1 Seat |
2,500.00 Ft (968.39 kr) |
5,279.36 Ft (2,045.00 kr) |
+111.2 % |
Childcare | Hungary Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
134,070.18 Ft (51,933.08 kr) |
94,634.38 Ft (36,657.33 kr) |
-29.4 % |
| International Primary School, Yearly for 1 Child |
3,395,730.65 Ft (1,315,361.58 kr) |
2,003,962.98 Ft (776,250.00 kr) |
-41.0 % |
Clothing And Shoes | Hungary Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
26,893.23 Ft (10,417.29 kr) |
41,072.98 Ft (15,909.92 kr) |
+52.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
11,646.84 Ft (4,511.49 kr) |
19,245.79 Ft (7,455.00 kr) |
+65.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
30,335.29 Ft (11,750.60 kr) |
55,024.39 Ft (21,314.11 kr) |
+81.4 % |
| 1 Pair of Men Leather Business Shoes |
31,902.75 Ft (12,357.77 kr) |
65,876.15 Ft (25,517.62 kr) |
+106.5 % |
Rent Per Month | Hungary Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
186,338.91 Ft (72,179.77 kr) |
663,337.81 Ft (256,948.85 kr) |
+256.0 % |
| Apartment (1 bedroom) Outside of Centre |
144,787.50 Ft (56,084.52 kr) |
597,352.36 Ft (231,388.89 kr) |
+312.6 % |
| Apartment (3 bedrooms) in City Centre |
301,618.31 Ft (116,834.10 kr) |
935,127.41 Ft (362,228.57 kr) |
+210.0 % |
| Apartment (3 bedrooms) Outside of Centre |
248,799.67 Ft (96,374.41 kr) |
842,929.83 Ft (326,515.15 kr) |
+238.8 % |
Buy Apartment Price | Hungary Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
102,780.35 Ft (39,812.73 kr) |
195,916.03 Ft (75,889.54 kr) |
+90.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
75,470.24 Ft (29,233.96 kr) |
161,382.16 Ft (62,512.58 kr) |
+113.8 % |
Salaries And Financing | Hungary Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
369,272.44 Ft (143,040.43 kr) |
1,539,027.99 Ft (596,153.96 kr) |
+316.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 7.92 | -2.7 % |
| Last update: | September 2024 | September 2024 | |
| Contributors in the past 12 months: | 818 | 235 |
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