Last update: Nov 2026

Cost of Living Comparison Between Budapest and Bolungarvik

79

Cost of Living Index in Budapest
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Budapest Living Index

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Budapest

🇭🇺 Hungary

$1,647

/mo nomad

Bolungarvik

🇮🇸 Iceland

/mo nomad

Meal at Budget Restaurant

$13.63 Ft 4,407

Three-Course Dinner for Two, Mid-Range

$60.7 Ft 19.6K

Fast Food Meal (McDonalds, etc)

$10.02 Ft 3,239

Cappuccino

$3.33 Ft 1,075

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.12 Ft 684

Water (0.33 liter bottle)

$1.80 Ft 581

Local Beer (0.5 liter draught)

$3.61 Ft 1,166

Imported Beer (0.33 liter bottle)

$3.59 Ft 1,160

Milk (1 liter)

$1.12 Ft 361

White Bread (500g)

$1.93 Ft 623

Rice (white) (1kg)

$2.49 Ft 804

Eggs

$3.94 Ft 1,275

Local Cheese (1kg)

$11.28 Ft 3,646

Chicken Fillets (1kg)

$6.73 Ft 2,177

Beef Round Steak (1kg)

$14.44 Ft 4,670

Apples (1kg)

$1.86 Ft 601

Banana (1kg)

$2.04 Ft 658

Oranges (1kg)

$2.29 Ft 740

Tomato (1kg)

$3.99 Ft 1,290

Potato (1kg)

$0.94 Ft 304

Onion (1kg)

$1.02 Ft 330

Lettuce (1 head)

$1.65 Ft 534

Water (1.5 liter bottle)

$0.68 Ft 221

Cigarettes 20 Pack (Marlboro, Camel)

$7.81 Ft 2,526

Wine (Bottle)

$6.02 Ft 1,946

Local Beer (0.5 liter bottle)

$1.29 Ft 418

Imported Beer (0.33 liter bottle)

$2.02 Ft 655

One-way Ticket (Public Transport)

$1.50 Ft 484

Public Transport Monthly Pass (Regular Price)

$27.13 Ft 8,769

Taxi Start (Normal Tariff)

$3.36 Ft 1,085

Taxi (Normal Tariff) (1km)

$1.37 Ft 444

Taxi 1hour Waiting (Normal Tariff)

$19.96 Ft 6,451

Gasoline (1 liter)

$1.86 Ft 603

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.5K Ft 9.2M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$33.4K Ft 10.8M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$178 Ft 57.6K

SIM Card Monthly Plan (Calls and 10GB+ Data)

$23.58 Ft 7,623

Internet (50+ Mbps, Unlimited Data)

$24.12 Ft 7,797

Gym Membership (Monthly)

$69.7 Ft 22.5K

Tennis Court (1 Hour on Weekend)

$17.03 Ft 5,505

Cinema Ticket

$10.48 Ft 3,388

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

$625 Ft 202.1K

International Primary School, 1 Child (Yearly)

$19.6K Ft 6.4M

Jeans (Levis 501 Or Similar)

$102 Ft 33.0K

Summer Dress (H&M, Zara, etc)

$43.41 Ft 14.0K

Sport Shoes (Adidas, Nike)

$110 Ft 35.5K

Men's Leather Business Shoes

$121 Ft 39.0K

1-bedroom Apartment, City Center (Monthly)

$845 Ft 273.3K

1-bedroom Apartment, Outside City Center (Monthly)

$638 Ft 206.4K

3-bedroom Apartment, City Center (Monthly)

$1,609 Ft 520.1K

3-bedroom Apartment, Outside City Center (Monthly)

$1,217 Ft 393.5K

Buy Apartment in City Center (m2)

$5,555 Ft 1.8M

Buy Apartment Outside City Center (m2)

$3,898 Ft 1.3M

Average Monthly Net Salary (After Tax)

$1,724 Ft 557.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

6.34

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Budapest: November 1, 2026

Last update for Bolungarvik: November 2, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Budapest

$638 38.8%

Bolungarvik

–

Groceries & Markets

Budapest

$260 15.8%

Bolungarvik

–

Monthly Utilities & Internet

Budapest

$226 13.7%

Bolungarvik

–

Eating Out

Budapest

$220 13.4%

Bolungarvik

–

Clothing & Footwear

Budapest

$169 10.3%

Bolungarvik

–

Sport & Entertainment

Budapest

$91 5.5%

Bolungarvik

–

Getting Around

Budapest

$43 2.6%

Bolungarvik

–

Good to know

🇭🇺 Budapest

🇮🇸 Bolungarvik

🕒 Local time

02:00 2:00 AM

01:00 1:00 AM

1 h behind Budapest

🌤 Weather

👥 Population

1,686,222 Capital

900

💱 Currency

Hungarian Forint HUF Ft

Icelandic Króna ISK kr

📈 Exchange rate

1,000 HUF = 3.09 USD

1,000 HUF = 2.76 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to HUF – Hungarian Forint Converter

🇺🇸 United States Dollar ($)

🇭🇺 Hungarian Forint (Ft)

Hungarian Forint exchange rates as of November 6, 2026: 1 USD = 323 HUF (1,000 HUF = 3.09 USD). 1 EUR = 363 HUF (1,000 HUF = 2.76 EUR).

Icelandic Króna exchange rates as of November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to HUF in detail →

On the map

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Budapest Bolungarvik 3,200 km ≈ 4 h 30 min nonstop flight

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Budapest
Bolungarvik

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Budapest vs Bolungarvik: Cost of Living - Frequently Asked Questions

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.

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