Cost of Living in Budapest, Hungary

Cost of Living in Budapest

Last updated on Apr 23, 2023

Summary: The cost of living in Budapest, Hungary is generally considered to be quite affordable. A nice 1 bedroom apartment in Budapest can cost anywhere from $400 to $800 per month, while a nice 2 bedroom apartment can cost anywhere from $600 to $1,200 per month. The cost of dinner at a moderately priced restaurant in Budapest is usually around $15 to $20 per person.

Is the cost of living in Budapest high?

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

"$2000 USD will do it but be mindful it doesn't cover major medical or other expenses," explained one expat living in Budapest.

"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," said one expat in Budapest.

"The cost of living in Budapest is generally considered to be quite affordable. Rent prices are generally lower than in other major European cities, and groceries and other everyday items are also relatively inexpensive. Eating out in restaurants is also quite affordable, with a meal for two people costing around 10-15 euros. Public transportation is also quite affordable, with a monthly pass costing around 20 euros. Overall, Budapest is a great city to live in for those looking for a good quality of life at an affordable price," wrote a person living in Budapest.

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About the Author

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.