Last update: Oct 2026

Cost of Living Comparison Between Budapest and Herceg Novi

For one person, living is cheaper in Herceg Novi: $1,234 a month against $1,619 in Budapest, rent and utilities included – about $4,600 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Budapest
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Budapest Living Index
60

Cost of Living Index in Herceg Novi
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Herceg Novi Living Index

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Budapest

🇭🇺 Hungary

$1,619

/mo nomad

Herceg Novi

🇲🇪 Montenegro

$1,234

/mo nomad

Monthly Cost of Living

How much you'll spend in Budapest and in Herceg Novi

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Budapest and in Herceg Novi actually costs, broken down by who's living it.

A single person spends $1,619 per month in Budapest vs $1,234 in Herceg Novi, rent included.

Budapest $1,619
Herceg Novi $1,234

A couple spends around $2,524 per month in Budapest vs $1,969 in Herceg Novi, rent included.

Budapest $2,524
Herceg Novi $1,969

A family of three spends $3,429 per month in Budapest vs $2,705 in Herceg Novi, rent included.

Budapest $3,429
Herceg Novi $2,705

Budapest costs about 31% more than Herceg Novi, and outside of rent the biggest gap is in clothing.

Budapest sits 20% above the global median, while Herceg Novi is 9% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$13.94 Ft 4,503

$11.15 €9.91

25.02%

Three-Course Dinner for Two, Mid-Range

$61.2 Ft 19.8K

$36.61 €32.57

67.22%

Fast Food Meal (McDonalds, etc)

$10.19 Ft 3,291

$9.07 €8.07

12.35%

Cappuccino

$3.26 Ft 1,055

$2.58 €2.30

26.36%

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

$2.14 Ft 690

$2.56 €2.28

-16.41%

Water (0.33 liter bottle)

$1.78 Ft 577

$1.63 €1.45

9.20%

Local Beer (0.5 liter draught)

$3.71 Ft 1,198

$2.82 €2.50

31.56%

Imported Beer (0.33 liter bottle)

$3.77 Ft 1,217

$3.43 €3.05

9.91%

Milk (1 liter)

$1.15 Ft 371

$1.19 €1.06

-3.36%

White Bread (500g)

$1.79 Ft 578

$1.02 €0.90

75.49%

Rice (white) (1kg)

$2.49 Ft 804

$2.79 €2.49

-10.75%

Eggs

$3.90 Ft 1,261

$3.00 €2.67

30.00%

Local Cheese (1kg)

$11.10 Ft 3,587

$9.06 €8.06

22.52%

Chicken Fillets (1kg)

$6.62 Ft 2,139

$7.19 €6.40

-7.93%

Beef Round Steak (1kg)

$14.69 Ft 4,745

$12.92 €11.49

13.70%

Apples (1kg)

$1.83 Ft 591

$1.33 €1.19

37.59%

Banana (1kg)

$2.05 Ft 661

$1.51 €1.34

35.76%

Oranges (1kg)

$2.37 Ft 765

$1.60 €1.43

48.13%

Tomato (1kg)

$3.90 Ft 1,260

$3.00 €2.67

30.00%

Potato (1kg)

$0.99 Ft 320

$0.87 €0.78

13.79%

Onion (1kg)

$1.00 Ft 322

$1.30 €1.15

-23.08%

Lettuce (1 head)

$1.58 Ft 511

$1.51 €1.35

4.64%

Water (1.5 liter bottle)

$0.67 Ft 216

$0.94 €0.84

-28.72%

Cigarettes 20 Pack (Marlboro, Camel)

$7.96 Ft 2,572

$3.98 €3.54

100.00%

Wine (Bottle)

$6.22 Ft 2,009

$4.52 €4.02

37.61%

Local Beer (0.5 liter bottle)

$1.27 Ft 411

$1.28 €1.14

-0.78%

Imported Beer (0.33 liter bottle)

$2.03 Ft 654

$1.72 €1.53

18.02%

One-way Ticket (Public Transport)

$1.52 Ft 490

$1.69 €1.50

-10.06%

Public Transport Monthly Pass (Regular Price)

$28.02 Ft 9,053

$44.23 €39.34

-36.65%

Taxi Start (Normal Tariff)

$3.31 Ft 1,070

$2.95 €2.62

12.20%

Taxi (Normal Tariff) (1km)

$1.37 Ft 442

$1.14 €1.02

20.18%

Taxi 1hour Waiting (Normal Tariff)

$19.83 Ft 6,406

$16.48 €14.66

20.33%

Gasoline (1 liter)

$1.82 Ft 589

$1.77 €1.57

2.82%

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

$29.8K Ft 9.6M

$32.2K €28.6K

-7.42%

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

$33.8K Ft 10.9M

$21.4K €19.1K

57.83%

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

$171 Ft 55.3K

$132 €117

30.03%

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

$23.51 Ft 7,596

$12.96 €11.53

81.40%

Internet (50+ Mbps, Unlimited Data)

$23.29 Ft 7,526

$33.87 €30.13

-31.24%

Gym Membership (Monthly)

$67.5 Ft 21.8K

$55.6 €49.47

21.41%

Tennis Court (1 Hour on Weekend)

$18.89 Ft 6,104

$11.01 €9.79

71.57%

Cinema Ticket

$9.30 Ft 3,004

$7.60 €6.76

22.37%

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

$533 Ft 172.3K

$442 €393

20.66%

International Primary School, 1 Child (Yearly)

$16.8K Ft 5.4M

$7,034 €6,257

138.21%

Jeans (Levis 501 Or Similar)

$99.6 Ft 32.2K

$85.2 €75.8

16.97%

Summer Dress (H&M, Zara, etc)

$43.49 Ft 14.0K

$33.74 €30.01

28.90%

Sport Shoes (Adidas, Nike)

$110 Ft 35.7K

$71.6 €63.7

54.20%

Men's Leather Business Shoes

$119 Ft 38.4K

$94.3 €83.9

26.19%

1-bedroom Apartment, City Center (Monthly)

$830 Ft 268.3K

$661 €588

25.62%

1-bedroom Apartment, Outside City Center (Monthly)

$622 Ft 200.9K

$386 €344

60.98%

3-bedroom Apartment, City Center (Monthly)

$1,594 Ft 514.9K

$1,227 €1,092

29.86%

3-bedroom Apartment, Outside City Center (Monthly)

$1,170 Ft 378.1K

$872 €776

34.22%

Buy Apartment in City Center (m2)

$5,832 Ft 1.9M

$3,727 €3,315

56.46%

Buy Apartment Outside City Center (m2)

$3,889 Ft 1.3M

$2,355 €2,095

65.10%

Average Monthly Net Salary (After Tax)

$1,651 Ft 533.4K

$1,053 €937

56.79%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.45

29.00%

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

Last update for Budapest: October 13, 2026

Last update for Herceg Novi: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Budapest

$622 38.4%

Herceg Novi

$386 31.3% 37.9% $236

Groceries & Markets

Budapest

$258 15.9%

Herceg Novi

$226 18.3% 12.5% $32

Eating Out

Budapest

$223 13.8%

Herceg Novi

$185 15% 17% $38

Monthly Utilities & Internet

Budapest

$218 13.5%

Herceg Novi

$178 14.5% 18.1% $39

Clothing & Footwear

Budapest

$168 10.4%

Herceg Novi

$128 10.4% 23.5% $39

Sport & Entertainment

Budapest

$86 5.3%

Herceg Novi

$71 5.7% 17.8% $15

Getting Around

Budapest

$44 2.7%

Herceg Novi

$60 4.8% 34.8% $15

Cost Breakdown

A central one-bedroom costs $830 in Budapest versus $661 in Herceg Novi. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 57% higher in Budapest, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $61.0 in Budapest versus $37.00 in Herceg Novi. Monthly groceries follow the same trend: $258 vs $226 – making Herceg Novi the more affordable choice for daily food spending.

Good to know

🇭🇺 Budapest

🇲🇪 Herceg Novi

🕒 Local time

08:46 8:46 AM

Same time as Budapest

🌤 Weather

👥 Population

1,686,222 Capital

11,059

💱 Currency

Hungarian Forint HUF Ft

Euro EUR €

📈 Exchange rate

1,000 HUF = 3.1 USD

1,000 HUF = 2.75 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to HUF – Hungarian Forint Converter

🇺🇸 United States Dollar ($)

🇭🇺 Hungarian Forint (Ft)

Hungarian Forint exchange rates as of October 20, 2026: 1 USD = 323 HUF (1,000 HUF = 3.1 USD). 1 EUR = 363 HUF (1,000 HUF = 2.75 EUR).

Euro exchange rates as of October 20, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to HUF in detail →

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Budapest Herceg Novi 560 km ≈ 1 h 15 min nonstop flight

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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 Herceg Novi: Cost of Living - Frequently Asked Questions

Yes – Budapest is pricier by about 31%, and outside of rent the gap shows up most in clothing.

For a comfortable life, plan on about $2,428 per month in Budapest and $1,851 in Herceg Novi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Herceg Novi, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 58% less in Herceg Novi. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $533 per month in Budapest and $442 in Herceg Novi. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Herceg Novi, where all-in costs run around $1,234, than in Budapest at $1,619. In Herceg Novi it covers expenses comfortably, while in Budapest it requires careful planning or may not stretch far enough.

Families tend to lean toward Herceg Novi – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Herceg Novi. If higher salaries, better infrastructure, or specific career opportunities are the priority, Budapest makes more sense. Both are solid long-term options with distinct trade-offs.