Last update: Oct 2026

Cost of Living Comparison Between Budapest and Newmarket, ON

For one person, living is cheaper in Budapest: $1,619 a month against $2,489 in Newmarket, ON, rent and utilities included – about $10,400 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
121

Cost of Living Index in Newmarket, ON
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Newmarket, ON Living Index

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Budapest

🇭🇺 Hungary

$1,619

/mo nomad

Newmarket, ON

🇨🇦 Canada

$2,489

/mo nomad

Monthly Cost of Living

How much you'll spend in Budapest and in Newmarket, ON

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 Newmarket, ON actually costs, broken down by who's living it.

A single person spends $1,619 per month in Budapest vs $2,489 in Newmarket, ON, rent included.

Budapest $1,619
Newmarket, ON $2,489

A couple spends around $2,524 per month in Budapest vs $3,526 in Newmarket, ON, rent included.

Budapest $2,524
Newmarket, ON $3,526

A family of three spends $3,429 per month in Budapest vs $4,564 in Newmarket, ON, rent included.

Budapest $3,429
Newmarket, ON $4,564

Budapest is about 35% cheaper than Newmarket, ON, and outside of rent the biggest gap is in transport.

Both Budapest and Newmarket, ON sit above the global median – Budapest by 20%, Newmarket, ON by 84%.

Meal at Budget Restaurant

$13.94 Ft 4,503

$14.25 CA$20.14

-2.18%

Three-Course Dinner for Two, Mid-Range

$61.2 Ft 19.8K

$61.2 CA$86.5

0.10%

Fast Food Meal (McDonalds, etc)

$10.19 Ft 3,291

$8.54 CA$12.07

19.32%

Cappuccino

$3.26 Ft 1,055

$3.48 CA$4.92

-6.32%

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

$2.14 Ft 690

$1.76 CA$2.48

21.59%

Water (0.33 liter bottle)

$1.78 Ft 577

$1.34 CA$1.90

32.84%

Local Beer (0.5 liter draught)

$3.71 Ft 1,198

$4.84 CA$6.84

-23.35%

Imported Beer (0.33 liter bottle)

$3.77 Ft 1,217

$5.80 CA$8.20

-35.00%

Milk (1 liter)

$1.15 Ft 371

$1.99 CA$2.82

-42.21%

White Bread (500g)

$1.79 Ft 578

$2.74 CA$3.87

-34.67%

Rice (white) (1kg)

$2.49 Ft 804

$4.16 CA$5.88

-40.14%

Eggs

$3.90 Ft 1,261

$2.78 CA$3.92

40.29%

Local Cheese (1kg)

$11.10 Ft 3,587

$9.20 CA$13.01

20.65%

Chicken Fillets (1kg)

$6.62 Ft 2,139

$11.14 CA$15.75

-40.57%

Beef Round Steak (1kg)

$14.69 Ft 4,745

$9.05 CA$12.80

62.32%

Apples (1kg)

$1.83 Ft 591

$4.22 CA$5.96

-56.64%

Banana (1kg)

$2.05 Ft 661

$1.17 CA$1.65

75.21%

Oranges (1kg)

$2.37 Ft 765

$2.78 CA$3.93

-14.75%

Tomato (1kg)

$3.90 Ft 1,260

$3.59 CA$5.08

8.64%

Potato (1kg)

$0.99 Ft 320

$3.41 CA$4.82

-70.97%

Onion (1kg)

$1.00 Ft 322

$2.61 CA$3.69

-61.69%

Lettuce (1 head)

$1.58 Ft 511

$2.26 CA$3.19

-30.09%

Water (1.5 liter bottle)

$0.67 Ft 216

$0.44 CA$0.62

52.27%

Cigarettes 20 Pack (Marlboro, Camel)

$7.96 Ft 2,572

$14.07 CA$19.89

-43.43%

Wine (Bottle)

$6.22 Ft 2,009

$10.45 CA$14.77

-40.48%

Local Beer (0.5 liter bottle)

$1.27 Ft 411

$3.34 CA$4.72

-61.98%

Imported Beer (0.33 liter bottle)

$2.03 Ft 654

$3.57 CA$5.05

-43.14%

One-way Ticket (Public Transport)

$1.52 Ft 490

$3.30 CA$4.66

-53.94%

Public Transport Monthly Pass (Regular Price)

$28.02 Ft 9,053

$117 CA$166

-76.15%

Taxi Start (Normal Tariff)

$3.31 Ft 1,070

$3.46 CA$4.88

-4.34%

Taxi (Normal Tariff) (1km)

$1.37 Ft 442

$0.68 CA$0.96

101.47%

Taxi 1hour Waiting (Normal Tariff)

$19.83 Ft 6,406

$17.81 CA$25.17

11.34%

Gasoline (1 liter)

$1.82 Ft 589

$1.05 CA$1.48

73.33%

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

$29.8K Ft 9.6M

$22.7K CA$32.1K

31.17%

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

$33.8K Ft 10.9M

$18.8K CA$26.6K

79.96%

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

$171 Ft 55.3K

$96.1 CA$136

78.08%

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

$23.51 Ft 7,596

$36.90 CA$52.2

-36.29%

Internet (50+ Mbps, Unlimited Data)

$23.29 Ft 7,526

$52.1 CA$73.7

-55.32%

Gym Membership (Monthly)

$67.5 Ft 21.8K

$40.06 CA$56.6

68.57%

Tennis Court (1 Hour on Weekend)

$18.89 Ft 6,104

$21.42 CA$30.28

-11.81%

Cinema Ticket

$9.30 Ft 3,004

$10.43 CA$14.74

-10.83%

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

$533 Ft 172.3K

$1,177 CA$1,664

-54.69%

International Primary School, 1 Child (Yearly)

$16.8K Ft 5.4M

Jeans (Levis 501 Or Similar)

$99.6 Ft 32.2K

$55.3 CA$78.2

80.03%

Summer Dress (H&M, Zara, etc)

$43.49 Ft 14.0K

$33.22 CA$46.97

30.92%

Sport Shoes (Adidas, Nike)

$110 Ft 35.7K

$88.9 CA$126

24.13%

Men's Leather Business Shoes

$119 Ft 38.4K

$81.6 CA$115

45.81%

1-bedroom Apartment, City Center (Monthly)

$830 Ft 268.3K

$1,556 CA$2,199

-46.61%

1-bedroom Apartment, Outside City Center (Monthly)

$622 Ft 200.9K

$1,442 CA$2,038

-56.86%

3-bedroom Apartment, City Center (Monthly)

$1,594 Ft 514.9K

$2,328 CA$3,292

-31.56%

3-bedroom Apartment, Outside City Center (Monthly)

$1,170 Ft 378.1K

$2,169 CA$3,066

-46.03%

Buy Apartment in City Center (m2)

$5,832 Ft 1.9M

$4,222 CA$5,969

38.12%

Buy Apartment Outside City Center (m2)

$3,889 Ft 1.3M

$4,233 CA$5,984

-8.13%

Average Monthly Net Salary (After Tax)

$1,651 Ft 533.4K

$2,913 CA$4,118

-43.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.45

4.53

42.38%

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

Last update for Budapest: October 13, 2026

Last update for Newmarket, ON: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Budapest

$622 38.4%

Newmarket, ON

$1.4K 57.9% 132% $820

Groceries & Markets

Budapest

$258 15.9%

Newmarket, ON

$317 12.8% 23% $59

Eating Out

Budapest

$223 13.8%

Newmarket, ON

$230 9.2% 2.9% $6.5

Monthly Utilities & Internet

Budapest

$218 13.5%

Newmarket, ON

$185 7.4% 15% $33

Clothing & Footwear

Budapest

$168 10.4%

Newmarket, ON

$117 4.7% 30.4% $51

Sport & Entertainment

Budapest

$86 5.3%

Newmarket, ON

$61 2.5% 29.3% $25

Getting Around

Budapest

$44 2.7%

Newmarket, ON

$138 5.5% 211% $93

Cost Breakdown

A central one-bedroom costs $830 in Budapest versus $1,556 in Newmarket, ON. 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 76% higher in Newmarket, ON, 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 $61.0 in Newmarket, ON. Monthly groceries follow the same trend: $258 vs $317 – making Budapest the more affordable choice for daily food spending.

Good to know

🇭🇺 Budapest

🇨🇦 Newmarket, ON

🕒 Local time

17:14 5:14 PM

11:14 11:14 AM

6 h behind Budapest

🌤 Weather

👥 Population

1,686,222 Capital

87,942

💱 Currency

Hungarian Forint HUF Ft

Canadian Dollar CAD $

📈 Exchange rate

1,000 HUF = 3.1 USD

1,000 HUF = 2.75 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

CAD, USD, EUR to HUF – Hungarian Forint Converter

🇺🇸 United States Dollar ($)

🇭🇺 Hungarian Forint (Ft)

Hungarian Forint exchange rates as of October 19, 2026: 1 USD = 323 HUF (1,000 HUF = 3.1 USD). 1 EUR = 363 HUF (1,000 HUF = 2.75 EUR).

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

USD to HUF in detail →

On the map

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Between locations

Budapest Newmarket, ON 7,100 km ≈ 9 h nonstop flight

From you

Budapest
Newmarket, ON

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 Newmarket, ON: Cost of Living - Frequently Asked Questions

Yes – Newmarket, ON is pricier by about 54%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $2,428 per month in Budapest and $3,733 in Newmarket, ON. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 319% less in Budapest. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $533 per month in Budapest and $1,177 in Newmarket, ON. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Budapest, where all-in costs run around $1,619, than in Newmarket, ON at $2,489. In Budapest it covers expenses comfortably, while in Newmarket, ON it requires careful planning or may not stretch far enough.

Families tend to lean toward Budapest – 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 Budapest. If higher salaries, better infrastructure, or specific career opportunities are the priority, Newmarket, ON makes more sense. Both are solid long-term options with distinct trade-offs.