Cost of living and prices in Hungary, prices of food, rent, shopping, etc 🇭🇺 Updated Jul 2023
Hungary, located in Eastern Europe, is a beautiful country with diverse landscapes that offers affordable cost of living. Bordered by Austria, Croatia, Romania, Serbia, Slovakia, Slovenia, Ukraine, Hungary covers an area of 93,030 square kilometres. Hungary has a population of 9,982,000 and a population density of 107.3 people per square kilometre. The official language of Hungary is Hungarian. With a GDP of $130,600,000,000 and GDP per capita of $13084, Hungary's economy is thriving. The currency used in Hungary is Hungarian forint and the top-level domain is .hu. Hungary is captivating with its rich culture, history, and architecture. The country boasts of affordable housing options, low transportation costs, and low food prices. The cost of living is relatively lower than most European countries, making it a great destination for expats. The education and healthcare systems are well-developed and approachable. Hungary is an affordable gateway to explore Central Europe, and with its friendly people, delicious cuisine, and captivating scenery, it is a must-visit destination for those on a budget.
Cost of Living Estimate in Hungary
You can calculate cost of living in Hungary by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
There are plenty of dining options in Hungary for tourists and locals alike. Budapest is famous for its coffeehouse culture, and you can find plenty of charming cafes and patisseries that offer delicious cakes, pastries, and coffee. If you're looking for a more substantial meal, you can find plenty of traditional Hungarian restaurants that serve hearty stews, meat dishes, and goulash. You should also try the street food, especially the Hungarian chimney cake, which is a sweet pastry cooked on a rotating spit over an open flame. Whether you're looking for a quick snack or a leisurely meal, you're sure to find something to suit your taste buds in Hungary.
Another interesting eating option in Hungary is its wine regions. Hungary has many wine regions, each with its unique flavors and styles. The country is known for its sweet Tokaji wine, but you can also uncover other lesser-known gems. Many different vineyards offer wine tastings, where you can try the local wines. If you're interested in food and wine pairings, consider a wine tasting with traditional Hungarian food. You can find many restaurants that offer this combination, and it's a great way to explore the culture and flavors of Hungary.
In Hungary, market prices fluctuate due to various factors such as inflation rates, global economic conditions, and changes in government policies. However, compared to other European countries, Hungary generally has lower market prices for goods and services. This can be attributed to the country's lower cost of living and the fact that it is still considered an emerging market.
Despite the lower market prices, it is important to note that certain goods and services in Hungary may be more expensive than others. For instance, luxury items such as high-end fashion brands or imported goods may have a higher price tag due to import taxes and duties. However, essential goods such as food and household items are generally affordable and accessible to most consumers in Hungary.
When it comes to getting around Hungary, visitors have several options to choose from. Public transportation in Hungary is reliable and affordable, so traveling by bus, tram, subway, or train is a great way to explore the country. Budapest, the capital city of Hungary, has an extensive public transportation network, which is not only fast and efficient but also runs 24/7. If you prefer a more personal mode of travel, you can opt for taxis or car rentals. However, driving in Hungary can be a little tricky, as road signs are mostly in Hungarian, and you have to be careful with parking regulations in the city.
If you want to take in the scenic beauty of Hungary, you can choose to travel by boat or bike. Hungary has numerous water bodies, and taking a boat ride is an excellent way to explore some of its key attractions. You can also consider cycling, especially during summer, to explore the countryside and enjoy the stunning natural landscapes. Hungary has designated bike lanes and a well-maintained network of bike paths, which makes biking a convenient and enjoyable experience. Finally, for those who want to experience a unique mode of transportation, they can take a ride on the funicular railway, connecting Buda Castle Hill to the Danube promenade in Budapest. It is an excellent way to take in the city's beauty and enjoy a little bit of history on a short trip.
Utilities Per Month prices
When it comes to utilities cost in Hungary, the pricing structure is quite similar to the rest of Europe. Water, gas, and electricity are the main types of utilities that you will be using in Hungary. Electricity prices in Hungary are some of the lowest in Europe, making it an affordable option for travelers who plan on staying for a longer period. On the other hand, water prices in Hungary can be comparatively high, depending on the location. Gas prices are moderate but are likely to fluctuate throughout the year, depending on the global price trends.
One other thing to note regarding utilities cost in Hungary is that the cost of heating can vary drastically based on the type of heating system used in your accommodation. While central heating systems are common in Hungary, they tend to be more expensive due to the centralized supply and distribution model. In comparison, gas heaters or individual heating units can be more cost-effective per use, but the overall cost might be higher in the longer run. It's always recommended to check with your accommodation provider about the heating system they use and the potential cost implications before booking your stay in Hungary.
Sports And Leisure prices
Hungary is a great destination for sports enthusiasts and leisure seekers. The country has a strong sporting culture, and there’s no shortage of activities to choose from. For those who want to stay active, there are hiking and cycling routes around the countryside, as well as opportunities for horse riding and water sports. The Danube River is ideal for kayaking, rafting and fishing, while Lake Balaton – the largest lake in Central Europe – is perfect for swimming, sailing and windsurfing. Hungary has also produced numerous Olympic champions, and visitors can watch top-class events across a range of sports.
For those who prefer to relax, the country’s thermal baths and spas are a must-visit. Hungary has over 1,000 thermal springs, and its mineral-rich waters have long been renowned for their healing properties. Many of the country’s spas have been in operation for centuries, and offer everything from traditional Turkish baths to modern wellness facilities. Whether you’re looking to pamper yourself with a massage or soak in a natural hot spring, Hungary’s thermal baths are the perfect place to unwind after a busy day of sightseeing or sports.
Salaries And Financing prices
If you're traveling to Hungary for work or planning to seek employment while you're there, you might be curious about the salaries and financing in the country. Hungary boasts a relatively low cost of living compared to Western European countries, which means that salaries may be lower in some industries. However, it's worth noting that the country's economy is growing, which is leading to increased employment opportunities and higher wages in certain sectors.
Financing in Hungary can be fairly straightforward for visitors, especially if you're using credit cards or withdrawing cash from ATMs. However, it's important to keep in mind that some businesses may not accept credit cards or may charge an extra fee for using them. Additionally, if you plan to convert foreign currency to Hungarian Forints (HUF), be sure to shop around for the best exchange rates.
Childcare prices in Hungary vary depending on the type of facility. Schools typically offer a more structured learning environment with academic curriculum and rigorous schedules. They also tend to have higher prices compared to Kindergartens. Kindergartens, on the other hand, offer more play-based activities and socialization opportunities for children. These are usually more affordable compared to schools, making them a popular choice for families with younger children.
Overall, child care prices in Hungary may be considered on the more expensive side compared to some other countries. However, the government provides some financial aid to families with multiple children or those facing financial difficulties. Additionally, some employers offer childcare benefits or have partnerships with specific facilities, which can help alleviate some of the costs. Ultimately, families must weigh the cost of childcare with the quality of care and education provided to ensure that their children have the best possible start in life.
Clothing And Shoes prices
Hungary offers a wide variety of places to buy clothing and shoes. From high-end boutiques to street markets, you can find whatever you're looking for in Hungary. Prices can vary depending on where you go and what you're looking for, but generally speaking, clothing and shoes in Hungary are affordable without sacrificing quality. Whether you're in the mood for designer labels or locally-made pieces, there's something for everyone in Hungary.
If you're looking for trendy and stylish clothing and shoes, Budapest is the place to be. The city is filled with a plethora of shops and boutiques known for carrying the latest fashion trends. While Budapest is the most popular destination for shopping, other cities in Hungary also offer unique shopping experiences. No matter where you go in Hungary, you're bound to find a shop or market that suits your style and budget. So, whether you're shopping for a special occasion or just looking to update your wardrobe, Hungary has got you covered.
Rent Per Month prices
If you're planning to go on a short visit to Hungary, there are plenty of options to choose from when it comes to accommodation. From apartments, hotels, hostels to guesthouses, there are plenty of choices. Short rent options are particularly popular, and you can find a wide range of options for different budgets. Whether you're looking for a small studio apartment or a lavish suite, there is something for everyone. The duration of the stay can vary from a few days to a couple of weeks based on your travel plans and preferences. Additionally, most of the short-rent options come equipped with all the necessary amenities, including Wi-Fi, kitchen, and laundry facilities.
When it comes to stay options in Hungary, you can choose from different types of properties, depending on your preferences. Budapest, the capital city, offers ample choices and is perfect for those who enjoy urban sensibilities. On the other hand, rural areas like Eger or Balaton can be quite rejuvenating, with breathtaking views and a calming ambiance. Additionally, prices for stay options can vary based on location, duration, and season. However, Hungary is known to be a pocket-friendly destination when compared to other European countries. Overall, Hungary offers an exceptional value for money, making it a popular tourist destination for budget-conscious travelers.
Buy Apartment prices
Hungary is an attractive destination for real estate buyers due to its exceptional location in Central Europe and variety of cultural landmarks. In addition to its dynamic and affordable urban centers, Hungary offers a large selection of beautiful countryside homes and villas for those seeking a more peaceful lifestyle. While the prices for urban properties tend to be higher, there are plenty of affordable options in the countryside that provide an ideal balance of affordability and comfort to interested buyers.
In Hungary, there are various buying options for real estate, including new builds, resale properties, and refurbishment projects. Each of these options has its own unique advantages and disadvantages, which depend on personal preferences, budget, and intended use of the property. Generally, new builds will be more expensive, but offer modern amenities and design features, while resale properties and refurbishment projects can provide buyers with greater value and a broader range of customization options. No matter the buying option, Hungary's real estate market continues to attract investors, buyers, and renters seeking high-quality properties that offer affordability, flexibility, and comfort.