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Liberty Bridge in Budapest
Liberty Bridge in Budapest
Liberty Bridge in Budapest

Cost of Living in Hungary

By Betsy Burlingame

Last updated on Nov 27, 2021

Summary: What is the cost of living in Hungary? Expats, digital nomads and retirees living in Hungary talk about the general living costs, the cost of housing and health insurance.

Allianz Care International Health Insurance
Allianz Care International Health Insurance
Allianz Care International Health Insurance
Allianz Care International Health Insurance

Is the cost of living in Hungary high?

Live in Hungary? Answer this Question

We asked people how much they someone comfortably live on in Hungary, they wrote:

"Well that depends on your life style. Approximately on the average 1,500 euros - 2,000 euros per month on the high end including lots of travel. This monthly living expense is after a property purchase," explained one expat.

"$2000 USD will do it but be mindful it doesn't cover major medical or other expenses," said another person in Budapest.

Get a free international health insurance quote from our partner, Allianz Care, whose plans ensure that you have access to quality healthcare whenever you need it. Allianz's flexible solutions allow you to tailor your cover to meet your needs and budget.
Allianz Care International Health InsuranceInternational Health Insurance in Hungary

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Will I save money living in Hungary?

Live in Hungary? Answer this Question

"Yes financially the cost of living is less then half of my costs in Toronto. It also depends on where you live in Hungary. I live in the heart of Budapest prices are higher but in outlying towns around Budapest with easy access by train to Budapest prices are half of that in Budapest," said another expat in Budapest.

"It exceeded my expectations. I could not afford to live on my SS in the US - here I have a comfortable life," added another person living in Budapest.

"Yes! While AFA/VAT (aka sales tax) is 27% (lower now on some items like pork etc), items are in most cases cheaper than in the US. Some items are not so much like electronics," explained one expat living in Budapest.

What is the average cost of housing in Hungary?

Live in Hungary? Answer this Question

If you are thinking about moving to Hungary, cost of living in probably a key consideration. Expats commented about the cost of housing:

"I would say outside the city lower but inside the city normal for most US cities and lower for cities like NYC and DC. The average cost for a 1200 square ft. apartment is around the same price usds. If you get a good deal that would include utilities. We pay 720. usds on the average for a 1 bedroom apartment including utilities. We were lucky," explained one expat.

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Get a free international health insurance quote from our partner, Allianz Care, whose plans ensure that you have access to quality healthcare whenever you need it. Allianz's flexible solutions allow you to tailor your cover to meet your needs and budget.

Learn MoreGet a Quote

Allianz Care International Health Insurance

Get a free international health insurance quote from our partner, Allianz Care, whose plans ensure that you have access to quality healthcare whenever you need it. Allianz's flexible solutions allow you to tailor your cover to meet your needs and budget.

Learn MoreGet a Quote

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.

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

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Liberty Bridge in Budapest

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Hungary GuideHungary Guide
Learn what members have to say about living in Hungary.

Hungary Forum Hungary Forum
Talk with other digital nomads and expats in Hungary on our Hungary forum - meet people, get advice and help others.

Hungary Index Hungary Index
An index of all of our site's Hungary information.

Contribute to Hungary Network Contribute
Help others in Hungary by answering questions about the challenges and adventures of living in Hungary.

Expat Healthcare Advice in HungaryHealthcare & Health Insurance in Hungary

Expats in Hungary offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Hungary.

Expat Talk about Healthcare Advice in HungaryMembers Talk about Healthcare & Health Insurance in Hungary

Expats in Hungary offer advice about healthcare in Hungary.

Best Places to Live in Hungary Best Places to Live in Hungary

Hungary is sometimes overlooked as a retirement destination. Expats who retire in Hungary appreciate the low cost of living; rich history; friendly people; and beautiful cities, towns and countryside.

Real Estate in HungaryReal Estate in Hungary

Real estate listings in popular cities and towns in Hungary.

Guide to Real Estate in HungaryGuide to Real Estate in Hungary

Advice for people renting and buying real estate in Hungary.

Pros Cons of Living in HungaryPros & Cons of Living in Hungary

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Hungary.

Cost of Living in HungaryCost of Living in Hungary

Digital Nomads & Expats offer insight into the cost of living in Hungary.

International-Schools-in-BudapestInternational Schools in Budapest

There are numerous international and bilingual schools in Budapest. In this article, we highlight some of the more popular international schools school for expats in Budapest.

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