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Expat Exchange - Cost of Living in Veszprem 2024
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Cost of Living in Veszprem

By Betsy Burlingame

William Russell
William Russell

Summary: Understanding the the cost of living in Veszprem helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Category Details Cost
Apartment Rentals 1-bedroom apartment in city center 120,000 - 150,000 HUF/month
1-bedroom apartment outside city center 90,000 - 120,000 HUF/month
Apartment Purchases Price per square meter in city center 300,000 - 400,000 HUF/sq. meter
Price per square meter outside city center 200,000 - 300,000 HUF/sq. meter
Transportation One-way local transport ticket 350 HUF
Monthly local transport pass 11,000 HUF
Gasoline (1 liter) 400 HUF
Taxi (1 km) 300 HUF
Groceries Milk (1 liter) 250 HUF
Bread (500g) 300 HUF
Rice (1 kg) 500 HUF
Chicken breasts (1 kg) 1,500 HUF
Restaurants Meal at an inexpensive restaurant 1,500 HUF
Three-course meal for two at a mid-range restaurant 8,000 HUF
Fast food meal (e.g., McDonald's) 1,800 HUF
Utilities Basic utilities (electricity, heating, cooling, water, garbage) for an 85 sq. meter apartment 30,000 - 40,000 HUF/month
Internet (60 Mbps or more, unlimited data, cable/ADSL) 4,000 - 6,000 HUF/month
Mobile phone (1 minute of prepaid mobile tariff, no discounts or plans) 30 HUF
Private School Tuition Preschool (or kindergarten) 250,000 - 400,000 HUF/year
Elementary school 400,000 - 600,000 HUF/year
Middle school 500,000 - 800,000 HUF/year
High school 600,000 - 1,000,000 HUF/year
The cost of living in Veszprem, varies depending on factors such as location, lifestyle, and personal preferences. The table above provides an overview of the costs associated with apartment rentals and purchases, transportation, groceries, restaurants, utilities, and private school tuition for preschool, elementary school, middle school, and high school.Apartment rentals in Veszprem range from 120,000 to 150,000 HUF per month for a one-bedroom apartment in the city center, while the same apartment outside the city center would cost between 90,000 and 120,000 HUF per month. Apartment purchases are priced per square meter, with city center properties costing between 300,000 and 400,000 HUF per square meter and properties outside the city center costing between 200,000 and 300,000 HUF per square meter.Transportation costs in Veszprem include one-way local transport tickets at 350 HUF, monthly local transport passes at 11,000 HUF, gasoline at 400 HUF per liter, and taxi rides at 300 HUF per kilometer. Groceries in Veszprem are relatively affordable, with milk costing 250 HUF per liter, bread at 300 HUF for 500 grams, rice at 500 HUF per kilogram, and chicken breasts at 1,500 HUF per kilogram.Eating out in Veszprem can be inexpensive or more costly, depending on the type of restaurant. A meal at an inexpensive restaurant costs around 1,500 HUF, while a three-course meal for two at a mid-range restaurant costs about 8,000 HUF. A fast-food meal, such as one from McDonald's, costs around 1,800 HUF.Utilities in Veszprem include basic utilities (electricity, heating,

Monthly Budget for Retirees in Veszprem

"The cost of living in Veszprem is considered to be relatively affordable compared to other European cities. Rent for a one-bedroom apartment in the city center is quite reasonable, while outside the city center, it is even cheaper. The cost of utilities such as electricity, heating, cooling, water, and garbage is also quite low.When it comes to groceries, prices are moderate. Items like bread, milk, eggs, fruits, and vegetables are quite affordable. Eating out at an inexpensive restaurant is also reasonably priced, while a three-course meal for two people at a mid-range restaurant can be a bit more expensive.Public transportation in Veszprem is also affordable, with monthly passes available at a reasonable price. Gasoline prices are a bit high, similar to other parts of Europe. Healthcare in Veszprem is generally affordable, especially if you are covered by insurance. Private healthcare can be more expensive, but it is still reasonable compared to other countries.Overall, the cost of living in Veszprem is quite low, making it an attractive place for both locals and expats. However, salaries in Veszprem are also lower than in many other European cities, which should be taken into account when considering the cost of living," said one expat living in Veszprem.

Can I live in Veszprem on $1,500 a month?

"I've been living in Veszprem for a while now, and I can tell you that it's definitely possible to live comfortably on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find an affordable place to live. I recommend looking for apartments in neighborhoods like Cholnoky, Hosszúrét, or Kádárta, as these areas tend to have more reasonable rents. You might have to settle for a smaller apartment or one that's a bit older, but it's still possible to find a decent place within your budget.As for other expenses, you'll need to be mindful of your spending on things like groceries, transportation, and entertainment. Shopping at local markets and discount stores can help you save on groceries, and using public transportation instead of owning a car can significantly cut down on your transportation costs. For entertainment, there are plenty of free or low-cost activities in Veszprem, like visiting the beautiful castle or exploring the nearby Bakony hills.Eating out can be quite affordable in Veszprem, especially if you stick to local Hungarian cuisine. However, if you're craving international or more upscale dining options, you might have to limit how often you indulge in those.One sacrifice you might have to make is not being able to travel as much as you'd like. While Hungary is relatively affordable compared to other European countries, traveling to nearby cities or countries can still add up quickly. You'll need to budget carefully and prioritize which trips are most important to you.Overall, living in Veszprem on $1,500 a month is doable, but you'll need to be mindful of your spending and make some sacrifices. It's a beautiful city with a rich history and plenty of charm, so if you're willing to adjust your lifestyle a bit, you can definitely make it work," commented an expat living in Veszprem.

Can I live in Veszprem on $3,500 a month?

"I've been living in Veszprem for a while now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, even if you're used to modern amenities. However, you might have to make some sacrifices in terms of the neighborhood you choose to live in and the type of housing you opt for.For example, if you want to live in a more upscale neighborhood like Cholnoky, you might have to settle for a smaller apartment or share a place with roommates to make it work within your budget. On the other hand, if you're willing to live in a more affordable area like Kittenberger, you can find a larger apartment or even a house for a reasonable price.In terms of other expenses, you'll find that groceries, transportation, and utilities are generally quite affordable in Veszprem. However, if you're used to eating out at fancy restaurants or going out to bars and clubs frequently, you might have to cut back on those activities to stay within your budget.Another thing to consider is that while Veszprem has a decent public transportation system, it might not be as extensive or reliable as what you're used to in a larger city. So, you might need to invest in a car or rely on taxis more often, which can add to your monthly expenses.Overall, I think it's definitely possible to live comfortably in Veszprem on $3,000 a month, but you'll need to be mindful of your spending and be willing to make some sacrifices in terms of your housing and lifestyle choices," said one expat living in Veszprem.

Can I live in Veszprem on $5,000 a month?

"I've been living in Veszprem for a while now, and I can confidently say that it's possible for an expat who is used to modern amenities to live comfortably on $5,000 a month. In fact, you might even find that you can enjoy a higher standard of living than you're used to, as the cost of living in Veszprem is generally lower than in many Western countries.As for sacrifices, I haven't had to make too many. The city has a good infrastructure, with reliable public transportation, modern shopping centers, and a variety of restaurants and cafes. The only thing I've had to adjust to is the language barrier, as not everyone speaks English, but I've been taking Hungarian lessons and it's getting easier every day.When it comes to finding a place to live, there are several neighborhoods to consider. If you're looking for something more affordable, I'd recommend checking out the areas around the University of Pannonia or the Cholnoky Jen? Gimnázium. These neighborhoods have a good mix of apartments and houses, and you'll be close to public transportation, shops, and restaurants.On the other hand, if you're willing to spend a bit more on housing, you might want to look into the neighborhoods around the Veszprem Castle or the Veszprem Zoo. These areas are more upscale and offer larger homes with more modern amenities. However, keep in mind that these neighborhoods might be a bit more expensive than others in the city.Overall, I've found that living in Veszprem on $5,000 a month is not only doable but also quite comfortable. With a bit of research and some flexibility, you should be able to find a great place to live and enjoy all the modern amenities you're used to," commented an expat living in Veszprem.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


William Russell
William Russell

William Russell
William Russell

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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