Cost of living comparison

Iceland

compared to

Hungary

Hungary vs. Iceland Cost of Living Summary

Hungary is 40.3% cheaper than Iceland overall.

Restaurants: pay 56.1% less in Hungary
Groceries: pay 44.6% less in Hungary
Transportation: pay 45.9% less in Hungary
Housing: pay 39.7% less in Hungary
Childcare: pay 12.8% more in Hungary
Entertainment and Sports: pay 56.3% less in Hungary
Clothing: pay 52.3% less in Hungary

Expenses including entertainment and sports, restaurants, clothing, transportation, groceries, and housing are lower in Hungary.

Hungary vs. Iceland Cost Breakdown

If you lived in Hungary instead of Iceland, you would:

Display currency: USD

pay 56.1% less for restaurants

	Iceland	Hungary
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,534	$8.96 HUF3,218.94	-53.8%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,213	$7.43 HUF2,668.47	-56.2%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK367	$1.21 HUF433.96	-57.0%
Bottle of water (11 fl. oz)	$2.02 ISK264	$0.86 HUF308.38	-57.5%
Average			-56.1%

Iceland vs. Hungary - Cost of restaurants

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pay 44.6% less for groceries

	Iceland	Hungary
Bread 1 loaf	$2.95 ISK386	$1.39 HUF500.22	-52.9%
Local cheese (8 oz)	$7.27 ISK949	$4.38 HUF1,572.54	-39.7%
Milk (1 gallon)	$6.01 ISK784	$3.84 HUF1,380.82	-36.0%
Eggs 1 dozen	$5.42 ISK708	$2.61 HUF937.17	-51.9%
Boneless chicken breast (1 lb)	$8.51 ISK1,111	$2.28 HUF820.14	-73.2%
Apples (1 lb)	$1.22 ISK160	$0.66 HUF238.59	-45.7%
Bananas (1 lb)	$1.03 ISK134	$0.74 HUF265.86	-27.9%
Oranges (1 lb)	$1.17 ISK153	$0.73 HUF262.05	-37.7%
Tomatoes (1 lb)	$1.87 ISK245	$1.25 HUF448.47	-33.4%
Potatoes (1 lb)	$1.23 ISK161	$0.49 HUF175.16	-60.5%
Onions (1 lb)	$0.78 ISK102	$0.53 HUF191.81	-32.0%
Average			-44.6%

Iceland vs. Hungary - Cost of groceries

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pay 45.9% less for transportation

	Iceland	Hungary
Gasoline (1 gallon)	$8.36 ISK1,092	$6.03 HUF2,167.38	-27.9%
Monthly public transit pass	$71.28 ISK9,310	$20.52 HUF7,372.20	-71.2%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,310,689	$25,367.29 HUF9,113,197.69	-37.6%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,878	$11.73 HUF4,214.28	-46.8%
Average			-45.9%

Iceland vs. Hungary - Cost of transportation

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pay 39.7% less for housing

	Iceland	Hungary
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,427	$17.11 HUF6,147.31	-76.3%
1-Bedroom apartment in downtown area	$1,838.04 ISK240,066	$418.63 HUF150,392.44	-77.2%
1-Bedroom apartment outside city center	$1,497.77 ISK195,624	$319.78 HUF114,879.73	-78.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,577	$100.62 HUF36,148.75	+73.4%
Average			-39.7%

Iceland vs. Hungary - Cost of housing

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pay 12.8% more for childcare

	Iceland	Hungary
Private preschool for 1 child, monthly	$258.16 ISK33,719	$270.87 HUF97,309.99	+4.9%
Middle school for 1 child, two semesters	$5,993.99 ISK782,876	$7,237.70 HUF2,600,143.36	+20.7%
Average			+12.8%

Iceland vs. Hungary - Cost of childcare

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pay 56.3% less for entertainment and sports

	Iceland	Hungary
Domestic/local beer (1 pint)	$9.19 ISK1,200	$1.57 HUF563.46	-82.9%
Cappuccino in mid-range area	$4.65 ISK607	$1.85 HUF663.02	-60.3%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,535	$5.59 HUF2,006.85	-52.5%
Monthly membership at local gym	$61.46 ISK8,027	$43.16 HUF15,505.27	-29.8%
Movie ticket to theater/cinema	$14.35 ISK1,874	$6.33 HUF2,274.88	-55.9%
Average			-56.3%

Iceland vs. Hungary - Cost of entertainment and sports

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pay 52.3% less for clothing

	Iceland	Hungary
Regular jeans Levi's brand	$111.23 ISK14,528	$65.42 HUF23,502.77	-41.2%
Regular dress from H&M or similar store	$59.69 ISK7,796	$27.23 HUF9,781.45	-54.4%
Running shoes Nike or Adidas	$148.00 ISK19,330	$66.04 HUF23,723.92	-55.4%
Men's business shoes (leather)	$184.49 ISK24,097	$77.21 HUF27,738.05	-58.1%
Average			-52.3%

Iceland vs. Hungary - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

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