The Cost of Living in Hungary

Groceries cost about the same or less than in other parts of Europe if bought in
supermarkets, and cheaper products available at local markets and some small shops.
Many expatriates working for international companies or diplomatic missions live very
comfortably in Hungary as their salaries are usually several times higher than those of
local workers.

Typical costs - a list of essentials

1 kilo loaf of bread: 200-300 Ft / 0,8-1,2 EUR
1 liter milk: 190-240 Ft / 0,7-1 EUR
6 eggs: 200 Ft | 0,8 EUR
1 kilo sugar: 140 Ft / 0,6 EUR
1 bottle of beer: 200 Ft / 0,8 EUR
1 bottle of table wine: 500-3000 Ft / 2-12 EUR

1 litre of petrol / gasoline (octane 95): 290 Ft
High-speed internet per month: 6-12,000 Ft / 24 - 28 EUR per month

single bus ticket: 230 Ft / 0,9 EUR
monthly pass: 7,350 Ft / 30 EUR
student monthly pass: 2,950 Ft / 12 EUR

cinema ticket: 1,200 Ft / 5 EUR
museum entry fee: 500-1,200 Ft / 2-5 EUR
pool entry fee: 1,200 - 3,000 Ft / 5 - 12 EUR

Student's basic budget:

Accommodation: 40,000-60,000 Ft / 160-240 EUR + utilities
Food and drink: 20,000 - 40,000 Ft / 80 EUR
Mobility: 3,000 Ft / 8 EUR
Insurance: 15,000 Ft / 60 EUR
Leisure activity / recreation: 2,000-12,000 Ft / 8-44 EUR
Other (phone, internet, clothing, medical expenses, etc.): 15,000-30,000 Ft / 60-120 EUR
Total: 85,000-150,000 Ft | 340-600 EUR

On a limited student's budget, if you want to pay your rent, go out once or twice a month,
and have the odd meal at a cheap restaurant, you need at least 100,000 Ft (400 EUR)
monthly.

Family housing expenses:

4 bedroom single standing home outside of Budapest city limits: 250,000 Ft / 1,000 EUR
monthly + utilities
4 bedroom single standing home in district 12: 750,000 - 1,500,000 Ft / 3,000 - 6,000
EUR monthly + utilities

Expatriate Housing in Budapest, Hungary >>>

The currency used in this section is the Hungarian Forint (HUF or Ft) which is the official
currency in Hungary. The Euro has been the standard currency of most of the countries of
the European Community since January 2002, and it is expected that Hungary will start to
switch to the Euro in 2010.

Consult the currency converter for the current rate in your currency: Universal Currency
Converter

Comparison: Budapest, the capital city of Hungary is the 52th most expensive city in the
world: EIU surveys, Most expensive cities

Incomes in Hungary

The minimum payable wage in Hungary is 65,500 Ft (260 EUR) per month. In fact you
have to do a lot of math to make it last until the end of the month.

In East Hungary, an average of 40 working hours per week, blue-collar workers earn an
average of EUR 370, while white-collar workers make an average of EUR 700 per month
(both are gross salaries). In the same region, electricity costs EUR 4-5/kWh/month,
industrial water costs EUR 1/m3, drinking water costs EUR 0.7/m3, sewage costs EUR 2-
3/m3, gas costs EUR 5-6/MJ/h. If you do green-field investment, you will need to cover the
one-time utility development fee as well, based on the required capacity.

Average salary after taxes in Hungary per worker per month:

85,000 Ft / 340,000 EUR monthly

Any further questions about the art of surviving and black economy?

The Cost of Living in Hungary

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The Cost of Living section of FiloLog.com has been designed to assist families or
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