Cost of living comparison

Reykjavik, Iceland

compared to

Hungary

Hungary vs. Reykjavik Cost of Living Summary

Hungary is 41.6% cheaper than Reykjavik.

Restaurants: pay 59.1% less in Hungary
Groceries: pay 49.8% less in Hungary
Transportation: pay 48.2% less in Hungary
Housing: pay 37.5% less in Hungary
Childcare: pay 14.1% more in Hungary
Entertainment and Sports: pay 60.1% less in Hungary
Clothing: pay 50.5% less in Hungary

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

Hungary vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 59.1% less for restaurants

	Reykjavik	Hungary
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,689	$8.96 HUF3,288.65	-55.2%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,423	$7.43 HUF2,726.26	-58.8%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK424	$1.21 HUF443.36	-61.7%
Bottle of water (11 fl. oz)	$2.19 ISK294	$0.86 HUF315.05	-60.7%
Average			-59.1%

Reykjavik vs. Hungary - Cost of restaurants

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pay 49.8% less for groceries

	Reykjavik	Hungary
Bread 1 loaf	$3.61 ISK485	$1.39 HUF511.05	-61.4%
Local cheese (8 oz)	$7.76 ISK1,043	$4.38 HUF1,606.60	-43.6%
Milk (1 gallon)	$6.40 ISK861	$3.84 HUF1,410.73	-40.0%
Eggs 1 dozen	$5.76 ISK774	$2.61 HUF957.46	-54.7%
Boneless chicken breast (1 lb)	$9.45 ISK1,270	$2.28 HUF837.90	-75.8%
Apples (1 lb)	$1.40 ISK189	$0.66 HUF243.75	-52.6%
Bananas (1 lb)	$1.01 ISK136	$0.74 HUF271.62	-26.7%
Oranges (1 lb)	$1.22 ISK164	$0.73 HUF267.73	-40.1%
Tomatoes (1 lb)	$2.22 ISK299	$1.25 HUF458.18	-43.9%
Potatoes (1 lb)	$1.43 ISK193	$0.49 HUF178.95	-66.0%
Onions (1 lb)	$0.93 ISK126	$0.53 HUF195.97	-42.8%
Average			-49.8%

Reykjavik vs. Hungary - Cost of groceries

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pay 48.2% less for transportation

	Reykjavik	Hungary
Gasoline (1 gallon)	$8.50 ISK1,143	$6.03 HUF2,214.31	-29.0%
Monthly public transit pass	$74.95 ISK10,078	$20.52 HUF7,531.85	-72.6%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,707,888	$25,367.29 HUF9,310,555.18	-40.2%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,234	$11.73 HUF4,305.54	-51.2%
Average			-48.2%

Reykjavik vs. Hungary - Cost of transportation

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pay 37.5% less for housing

	Reykjavik	Hungary
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,394	$17.11 HUF6,280.44	-75.5%
1-Bedroom apartment in downtown area	$1,971.17 ISK265,044	$418.63 HUF153,649.37	-78.8%
1-Bedroom apartment outside city center	$1,803.44 ISK242,491	$319.78 HUF117,367.59	-82.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,255	$100.62 HUF36,931.59	+86.5%
Average			-37.5%

Reykjavik vs. Hungary - Cost of housing

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pay 14.1% more for childcare

	Reykjavik	Hungary
Private preschool for 1 child, monthly	$252.14 ISK33,903	$270.87 HUF99,417.36	+7.4%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	$7,237.70 HUF2,656,452.66	+20.7%
Average			+14.1%

Reykjavik vs. Hungary - Cost of childcare

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pay 60.1% less for entertainment and sports

	Reykjavik	Hungary
Domestic/local beer (1 pint)	$10.81 ISK1,454	$1.57 HUF575.67	-85.5%
Cappuccino in mid-range area	$5.31 ISK713	$1.85 HUF677.38	-65.2%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,646	$5.59 HUF2,050.31	-54.4%
Monthly membership at local gym	$69.95 ISK9,405	$43.16 HUF15,841.05	-38.3%
Movie ticket to theater/cinema	$14.77 ISK1,987	$6.33 HUF2,324.14	-57.1%
Average			-60.1%

Reykjavik vs. Hungary - Cost of entertainment and sports

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pay 50.5% less for clothing

	Reykjavik	Hungary
Regular jeans Levi's brand	$108.97 ISK14,652	$65.42 HUF24,011.75	-40.0%
Regular dress from H&M or similar store	$49.72 ISK6,685	$27.23 HUF9,993.28	-45.2%
Running shoes Nike or Adidas	$151.85 ISK20,418	$66.04 HUF24,237.69	-56.5%
Men's business shoes (leather)	$194.16 ISK26,106	$77.21 HUF28,338.75	-60.2%
Average			-50.5%

Reykjavik 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: March 2025

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