Cost of living comparison

Reykjavik, Iceland

compared to

Budapest, Hungary

Budapest vs. Reykjavik Cost of Living Summary

Budapest is 27.4% cheaper than Reykjavik.

Restaurants: pay 50.3% less in Budapest
Groceries: pay 48.1% less in Budapest
Transportation: pay 45.5% less in Budapest
Housing: pay 29.9% less in Budapest
Childcare: pay 72.1% more in Budapest
Entertainment and Sports: pay 52.0% less in Budapest
Clothing: pay 38.0% less in Budapest

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

Budapest vs. Reykjavik Cost Breakdown

If you lived in Budapest instead of Reykjavik, you would:

Display currency: USD

pay 50.3% less for restaurants

	Reykjavik	Budapest
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,664	$10.52 HUF3,866.22	-47.4%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,400	$7.89 HUF2,899.66	-56.2%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK420	$1.53 HUF560.58	-51.6%
Bottle of water (11 fl. oz)	$2.19 ISK291	$1.18 HUF434.63	-45.9%
Average			-50.3%

Reykjavik vs. Budapest - Cost of restaurants

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pay 48.1% less for groceries

	Reykjavik	Budapest
Bread 1 loaf	$3.61 ISK481	$1.48 HUF543.96	-59.0%
Local cheese (8 oz)	$7.76 ISK1,033	$4.42 HUF1,622.61	-43.1%
Milk (1 gallon)	$6.40 ISK853	$3.98 HUF1,462.18	-37.9%
Eggs 1 dozen	$5.76 ISK767	$2.43 HUF893.74	-57.7%
Boneless chicken breast (1 lb)	$9.45 ISK1,258	$2.44 HUF896.68	-74.2%
Apples (1 lb)	$1.40 ISK187	$0.71 HUF259.85	-49.6%
Bananas (1 lb)	$1.01 ISK134	$0.80 HUF292.98	-21.0%
Oranges (1 lb)	$1.22 ISK162	$0.81 HUF296.61	-33.7%
Tomatoes (1 lb)	$2.22 ISK296	$1.17 HUF430.88	-47.3%
Potatoes (1 lb)	$1.43 ISK191	$0.51 HUF187.06	-64.5%
Onions (1 lb)	$0.93 ISK124	$0.55 HUF201.06	-41.4%
Average			-48.1%

Reykjavik vs. Budapest - Cost of groceries

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pay 45.5% less for transportation

	Reykjavik	Budapest
Gasoline (1 gallon)	$8.50 ISK1,132	$6.17 HUF2,267.94	-27.4%
Monthly public transit pass	$74.95 ISK9,984	$23.54 HUF8,650.67	-68.6%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,654,400	$26,962.74 HUF9,907,187.95	-36.5%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,204	$12.15 HUF4,465.48	-49.5%
Average			-45.5%

Reykjavik vs. Budapest - Cost of transportation

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pay 29.9% less for housing

	Reykjavik	Budapest
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,306	$17.98 HUF6,608.18	-74.3%
1-Bedroom apartment in downtown area	$1,971.17 ISK262,560	$642.83 HUF236,201.54	-67.4%
1-Bedroom apartment outside city center	$1,803.44 ISK240,218	$478.04 HUF175,651.17	-73.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,187	$105.42 HUF38,735.44	+95.4%
Average			-29.9%

Reykjavik vs. Budapest - Cost of housing

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pay 72.1% more for childcare

	Reykjavik	Budapest
Private preschool for 1 child, monthly	$252.14 ISK33,585	$423.92 HUF155,764.04	+68.1%
Middle school for 1 child, two semesters	$5,993.99 ISK798,400	$10,554.11 HUF3,878,002.72	+76.1%
Average			+72.1%

Reykjavik vs. Budapest - Cost of childcare

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pay 52.0% less for entertainment and sports

	Reykjavik	Budapest
Domestic/local beer (1 pint)	$10.81 ISK1,440	$2.63 HUF966.55	-75.7%
Cappuccino in mid-range area	$5.31 ISK707	$2.37 HUF872.11	-55.3%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,631	$5.98 HUF2,198.91	-51.1%
Monthly membership at local gym	$69.95 ISK9,317	$49.31 HUF18,119.39	-29.5%
Movie ticket to theater/cinema	$14.77 ISK1,968	$7.63 HUF2,803.01	-48.4%
Average			-52.0%

Reykjavik vs. Budapest - Cost of entertainment and sports

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pay 38.0% less for clothing

	Reykjavik	Budapest
Regular jeans Levi's brand	$108.97 ISK14,515	$74.81 HUF27,488.21	-31.3%
Regular dress from H&M or similar store	$49.72 ISK6,623	$36.73 HUF13,495.43	-26.1%
Running shoes Nike or Adidas	$151.85 ISK20,227	$86.74 HUF31,869.93	-42.9%
Men's business shoes (leather)	$194.16 ISK25,862	$93.52 HUF34,362.69	-51.8%
Average			-38.0%

Reykjavik vs. Budapest - 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: March 2025

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