Last update: Oct 2026

Cost of Living Comparison Between Budapest and the Faroe Islands

Name: Faroe Islands
Address: FO

For one person, living is cheaper in Budapest: $1,621 a month against $2,583 in the Faroe Islands, rent and utilities included – about $11,500 less a year. Other living expenses account for most of the difference.

79

Cost of Living Index in Budapest
Learn more

Budapest Living Index
124

Cost of Living Index in the Faroe Islands
Learn more

Faroe Islands Living Index

Jump to prices

Budapest

🇭🇺 Hungary

$1,621

/mo nomad

🇫🇴 Faroe Islands

$2,583

/mo nomad

🙂 Solo nomad: Budapest is 44.7% cheaper than the Faroe Islands without rent, and 37.2% cheaper with rent.

🙂 Family of 3: Budapest is 52.8% cheaper than the Faroe Islands without rent, and 36% cheaper with rent.

Meal at Budget Restaurant

$13.99 Ft 4,551

$30.20 FOK 202

-53.68%

Three-Course Dinner for Two, Mid-Range

$60.3 Ft 19.6K

$148 FOK 989

-59.26%

Fast Food Meal (McDonalds, etc)

$9.96 Ft 3,241

$20.09 FOK 134

-50.42%

Cappuccino

$3.38 Ft 1,100

$6.50 FOK 43.44

-48.00%

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

$2.13 Ft 692

$2.97 FOK 19.86

-28.28%

Water (0.33 liter bottle)

$1.87 Ft 608

$2.20 FOK 14.71

-15.00%

Local Beer (0.5 liter draught)

$3.75 Ft 1,221

$9.25 FOK 61.8

-59.46%

Imported Beer (0.33 liter bottle)

$3.57 Ft 1,162

$8.94 FOK 59.8

-60.07%

Milk (1 liter)

$1.13 Ft 368

$2.30 FOK 15.39

-50.87%

White Bread (500g)

$1.84 Ft 599

$7.07 FOK 47.25

-73.97%

Rice (white) (1kg)

$2.39 Ft 777

$4.25 FOK 28.39

-43.76%

Eggs

$3.83 Ft 1,245

$6.48 FOK 43.30

-40.90%

Local Cheese (1kg)

$11.33 Ft 3,686

$16.30 FOK 109

-30.49%

Chicken Fillets (1kg)

$6.74 Ft 2,192

$14.33 FOK 95.7

-52.97%

Beef Round Steak (1kg)

$14.69 Ft 4,780

$18.20 FOK 122

-19.29%

Apples (1kg)

$1.84 Ft 597

$4.16 FOK 27.77

-55.77%

Banana (1kg)

$2.01 Ft 653

$5.45 FOK 36.40

-63.12%

Oranges (1kg)

$2.36 Ft 767

$6.18 FOK 41.30

-61.81%

Tomato (1kg)

$3.77 Ft 1,226

$5.15 FOK 34.40

-26.80%

Potato (1kg)

$0.96 Ft 313

$3.60 FOK 24.06

-73.33%

Onion (1kg)

$1.03 Ft 334

$4.51 FOK 30.15

-77.16%

Lettuce (1 head)

$1.56 Ft 509

$3.38 FOK 22.58

-53.85%

Water (1.5 liter bottle)

$0.66 Ft 216

$3.82 FOK 25.52

-82.72%

Cigarettes 20 Pack (Marlboro, Camel)

$7.96 Ft 2,591

$10.69 FOK 71.4

-25.54%

Wine (Bottle)

$6.01 Ft 1,954

$12.97 FOK 86.6

-53.66%

Local Beer (0.5 liter bottle)

$1.30 Ft 421

$3.12 FOK 20.81

-58.33%

Imported Beer (0.33 liter bottle)

$2.08 Ft 676

$2.38 FOK 15.88

-12.61%

One-way Ticket (Public Transport)

$1.50 Ft 489

Public Transport Monthly Pass (Regular Price)

$27.61 Ft 8,982

$30.06 FOK 201

-8.15%

Taxi Start (Normal Tariff)

$3.30 Ft 1,074

$12.20 FOK 81.5

-72.95%

Taxi (Normal Tariff) (1km)

$1.30 Ft 424

Taxi 1hour Waiting (Normal Tariff)

$19.78 Ft 6,436

Gasoline (1 liter)

$1.81 Ft 591

$1.76 FOK 11.77

2.84%

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

$29.3K Ft 9.5M

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

$34.1K Ft 11.1M

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

$170 Ft 55.3K

$127 FOK 846

34.17%

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

$23.98 Ft 7,802

$44.12 FOK 295

-45.65%

Internet (50+ Mbps, Unlimited Data)

$23.42 Ft 7,621

$79.0 FOK 528

-70.37%

Gym Membership (Monthly)

$66.2 Ft 21.6K

$51.4 FOK 343

29.00%

Tennis Court (1 Hour on Weekend)

$19.18 Ft 6,239

Cinema Ticket

$9.52 Ft 3,098

$15.69 FOK 105

-39.32%

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

$537 Ft 174.6K

$489 FOK 3,269

9.67%

International Primary School, 1 Child (Yearly)

$16.6K Ft 5.4M

Jeans (Levis 501 Or Similar)

$101 Ft 33.0K

$141 FOK 939

-27.93%

Summer Dress (H&M, Zara, etc)

$42.99 Ft 14.0K

$60.9 FOK 407

-29.41%

Sport Shoes (Adidas, Nike)

$113 Ft 36.7K

$170 FOK 1,135

-33.66%

Men's Leather Business Shoes

$119 Ft 38.6K

$243 FOK 1,626

-51.21%

1-bedroom Apartment, City Center (Monthly)

$805 Ft 262.0K

$1,073 FOK 7,168

-24.96%

1-bedroom Apartment, Outside City Center (Monthly)

$629 Ft 204.7K

$891 FOK 5,955

-29.42%

3-bedroom Apartment, City Center (Monthly)

$1,549 Ft 504.1K

$1,905 FOK 12.7K

-18.69%

3-bedroom Apartment, Outside City Center (Monthly)

$1,167 Ft 379.7K

$1,384 FOK 9,248

-15.70%

Buy Apartment in City Center (m2)

$5,618 Ft 1.8M

$4,528 FOK 30.3K

24.07%

Buy Apartment Outside City Center (m2)

$3,968 Ft 1.3M

$4,667 FOK 31.2K

-14.98%

Average Monthly Net Salary (After Tax)

$1,626 Ft 529.0K

$2,274 FOK 15.2K

-28.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.43

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

Last update for Budapest: October 5, 2026

Last update for the Faroe Islands: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Budapest

$629 38.7%

Faroe Islands

$892 35% 41.7% $262

Groceries & Markets

Budapest

$258 15.8%

Faroe Islands

$541 21.2% 110% $284

Eating Out

Budapest

$224 13.8%

Faroe Islands

$465 18.2% 107% $241

Monthly Utilities & Internet

Budapest

$217 13.4%

Faroe Islands

$250 9.8% 14.9% $32

Clothing & Footwear

Budapest

$169 10.4%

Faroe Islands

$277 10.9% 63.6% $108

Sport & Entertainment

Budapest

$85 5.2%

Faroe Islands

$83 3.3% 3% $2.6

Getting Around

Budapest

$43 2.7%

Faroe Islands

$42 * 1.7% 2.7% $1.2

Categories marked with * are only partly priced – their share counts the items that do have prices.

Good to know

🇭🇺 Budapest

🇫🇴 Faroe Islands

🕒 Local time

12:10 12:10 PM

11:10 11:10 AM

1 h behind Budapest

🌤 Weather

👥 Population

1,686,222 Capital

54,149

💱 Currency

Hungarian Forint HUF Ft

Faroese Króna FOK kr

📈 Exchange rate

1,000 HUF = 3.07 USD

1,000 HUF = 2.74 EUR

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

FOK, USD, EUR to HUF – Hungarian Forint Converter

🇺🇸 United States Dollar ($)

🇭🇺 Hungarian Forint (Ft)

Hungarian Forint exchange rates as of October 10, 2026: 1 USD = 325 HUF (1,000 HUF = 3.07 USD). 1 EUR = 365 HUF (1,000 HUF = 2.74 EUR).

Faroese Króna exchange rates as of October 10, 2026: 1 USD = 6.68 FOK (1 FOK = 0.15 USD). 1 EUR = 7.49 FOK (1 FOK = 0.134 EUR).

USD to HUF in detail →

On the map

Lowest

Highest

Between locations

Budapest Faroe Islands 2,280 km ≈ 3 h 15 min nonstop flight

From you

Budapest
Faroe Islands

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.

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