Cost of living in Budapest

Budapest, the capital city of Hungary, is known for its rich history, stunning architecture, and vibrant culture. As a major European city, understanding the cost of living in Budapest is crucial for both residents and potential newcomers.

This guide provides a detailed breakdown of the expenses you can expect in Budapest, covering essential categories such as dining, groceries, transportation, housing, and utilities.

An image showcasing the beauty of Budapest

People enjoying the surroundings of Budapest

Cost of Living Summary

Dining and Restaurants

Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $10.26 on average, with a range between $7.7 and $20.53.
Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $51.31, with prices ranging from $35.92 to $76.97.
Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $7.7, with a range between $6.41 and $8.98.
Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer ranges from $1.28 to $3.85, imported beer $1.67 to $4.62, cappuccino $1.15 to $3.34, and Coke/Pepsi $1.03 to $2.11.

Grocery Prices

MilkMilk is priced between $0.72 and $1.54 per liter, averaging $1.05.
Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs between $0.9 and $2.05, with an average price of $1.45.
Eggs (Dozen)A dozen eggs range from $1.54 to $3.08, averaging $2.4.
Fruits (e.g., Apples, Oranges)Apples cost $0.9 to $2.05 per kg, while oranges range from $1.03 to $3.08 per kg.
Vegetables (e.g., Potatoes, Lettuce)Potatoes are priced between $0.72 and $1.54 per kg, and lettuce costs $1.03 to $2.05 per head.

Transportation

Public Transport (One-Way Ticket)A one-way local transport ticket costs between $1.03 and $1.15, with a monthly pass priced between $22.96 and $25.66.
Fuel (Gasoline)Gasoline is priced between $1.54 and $1.72 per liter.
Taxi FaresTaxi fares start at $2.82, with a cost of $1.13 per km and $16.93 per hour of waiting.

Housing Costs

1-Bedroom Apartment Rent (City Centre)Rent for a 1-bedroom apartment in the city centre ranges from $513.14 to $897.99, averaging $634.78.
1-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $384.85 to $641.42, averaging $472.17.
3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre ranges from $897.99 to $1667.69, averaging $1111.81.
3-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $641.42 to $1154.56, averaging $800.07.
Buying Price per Square Meter (City Centre)The price per square meter to buy an apartment in the city centre ranges from $3078.82 to $5131.36, averaging $3882.6.
Buying Price per Square Meter (Outside Centre)Outside the centre, the price per square meter ranges from $2180.83 to $3078.82, averaging $2545.16.

Utilities

Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost between $89.8 and $218.08, averaging $132.7.
InternetInternet services range from $12.83 to $25.66, with an average cost of $17.58.

Cost of Living Data

The following pricing data has been gathered from 511 user contributions, as of the most recent update in November, 2024.

Restaurants

Avg / Range

Restaurants

Avg

Range

Meal, Inexpensive Restaurant

$10.26

Meal for 2 People, Mid-range Restaurant, Three-course

$51.31

McMeal at McDonalds (or Equivalent Combo Meal)

$7.70

Domestic Beer (0.5 liter draught)

$2.57

Imported Beer (0.33 liter bottle)

$2.82

Coke/Pepsi (0.33 liter bottle)

$1.50

Water (0.33 liter bottle)

$1.18

Cappuccino (regular)

$2.31

Markets

Avg / Range

Markets

Avg

Range

Milk (regular), (1 liter)

$1.05

Loaf of Fresh White Bread (500g)

$1.45

Eggs (regular) (12)

$2.40

Local Cheese (1kg)

$8.74

Water (1.5 liter bottle)

$0.49

Bottle of Wine (Mid-Range)

$5.13

Domestic Beer (0.5 liter bottle)

$1.06

Imported Beer (0.33 liter bottle)

$1.50

Cigarettes 20 Pack (Marlboro)

$5.90

Chicken Fillets (1kg)

$5.32

Apples (1kg)

$1.55

Oranges (1kg)

$1.79

Potato (1kg)

$1.09

Lettuce (1 head)

$1.34

Rice (white), (1kg)

$1.80

Tomato (1kg)

$2.82

Banana (1kg)

$1.69

Onion (1kg)

$1.16

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$11.21

Transportation

Avg / Range

Transportation

Avg

Range

One-way Ticket (Local Transport)

$1.15

Monthly Pass (Regular Price)

$23.01

Gasoline (1 liter)

$1.59

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$26,939.66

Taxi Start (Normal Tariff)

$2.82

Taxi 1km (Normal Tariff)

$1.13

Taxi 1hour Waiting (Normal Tariff)

$16.93

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$26,002.81

Rent Per Month

Avg / Range

Rent Per Month

Avg

Range

Avg

Range

Average Monthly Net Salary (After Tax)

$1,158.54

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

7.19%

Childcare

Avg / Range

Childcare

Avg

Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$405.54

International Primary School, Yearly for 1 Child

$10,751.72

Worldwide

Hungary

Cost of Living Rankings

Budapest ranks 1st on the Cost of Living rankings in Hungary.

The cost of living indices for Hungary are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Hungary, covering factors like consumer goods, rent, and purchasing power.

Highest to LowestUpdated: Oct, 2025

Affordability

Very Expensive

About this index

Budapest Cost of Living

"Key Takeaways"

Budapest offers a relatively affordable cost of living compared to other major European cities. Dining out is reasonably priced, with a variety of options from casual to mid-range restaurants.
Grocery prices are moderate, making it feasible to maintain a balanced diet without overspending. Transportation is efficient and affordable, with public transport being a cost-effective option.
Housing costs vary significantly depending on the location, with city centre apartments being more expensive. Utilities and internet services are reasonably priced, contributing to an overall manageable monthly budget.

Conclusion

In conclusion, Budapest presents a balanced cost of living, making it an attractive option for both expatriates and locals. The city offers a blend of affordability and quality of life, with reasonable prices across dining, groceries, and transportation.

While housing in the city centre can be costly, options outside the centre provide more budget-friendly alternatives. Overall, Budapest is a city where one can enjoy a comfortable lifestyle without excessive financial strain.

Budapest

Nearby Cities

All cities in Hungary