Last update: Oct 2026

Cost of Living Comparison Between Egilsstadir and Budapest

For one person, living is cheaper in Egilsstadir: $623 a month against $1,621 in Budapest, rent and utilities included – about $12,000 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

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Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Budapest

🇭🇺 Hungary

$1,621

/mo nomad

Monthly Cost of Living

How much you'll spend in Egilsstadir and in Budapest

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

A single person spends $623 per month in Egilsstadir vs $1,621 in Budapest, rent included.

Egilsstadir $623
Budapest $1,621

A couple spends around $1,044 per month in Egilsstadir vs $2,555 in Budapest, rent included.

Egilsstadir $1,044
Budapest $2,555

A family of three spends $1,465 per month in Egilsstadir vs $3,489 in Budapest, rent included.

Egilsstadir $1,465
Budapest $3,489

Egilsstadir is about 62% cheaper than Budapest, and outside of rent the biggest gap is in groceries.

Egilsstadir sits 53% below the global median, while Budapest is 21% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$13.99 Ft 4,551

Three-Course Dinner for Two, Mid-Range

$60.3 Ft 19.6K

Fast Food Meal (McDonalds, etc)

$9.96 Ft 3,241

Cappuccino

$3.38 Ft 1,100

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

$2.13 Ft 692

Water (0.33 liter bottle)

$1.87 Ft 608

Local Beer (0.5 liter draught)

$3.75 Ft 1,221

Imported Beer (0.33 liter bottle)

$3.57 Ft 1,162

Milk (1 liter)

$1.70 ISK 207

$1.13 Ft 368

50.44%

White Bread (500g)

$2.85 ISK 348

$1.84 Ft 599

54.89%

Rice (white) (1kg)

$2.48 ISK 302

$2.39 Ft 777

3.77%

Eggs

$5.85 ISK 713

$3.83 Ft 1,245

52.74%

Local Cheese (1kg)

$22.28 ISK 2,717

$11.33 Ft 3,686

96.65%

Chicken Fillets (1kg)

$33.23 ISK 4,052

$6.74 Ft 2,192

393.03%

Beef Round Steak (1kg)

$43.56 ISK 5,312

$14.69 Ft 4,780

196.53%

Apples (1kg)

$2.70 ISK 329

$1.84 Ft 597

46.74%

Banana (1kg)

$2.45 ISK 298

$2.01 Ft 653

21.89%

Oranges (1kg)

$2.54 ISK 310

$2.36 Ft 767

7.63%

Tomato (1kg)

$3.85 ISK 469

$3.77 Ft 1,226

2.12%

Potato (1kg)

$4.40 ISK 536

$0.96 Ft 313

358.33%

Onion (1kg)

$2.11 ISK 257

$1.03 Ft 334

104.85%

Lettuce (1 head)

$2.20 ISK 268

$1.56 Ft 509

41.03%

Water (1.5 liter bottle)

$2.22 ISK 271

$0.66 Ft 216

236.36%

Cigarettes 20 Pack (Marlboro, Camel)

$7.96 Ft 2,591

Wine (Bottle)

$22.37 ISK 2,728

$6.01 Ft 1,954

272.21%

Local Beer (0.5 liter bottle)

$3.99 ISK 487

$1.30 Ft 421

206.92%

Imported Beer (0.33 liter bottle)

$3.56 ISK 434

$2.08 Ft 676

71.15%

One-way Ticket (Public Transport)

$1.50 Ft 489

Public Transport Monthly Pass (Regular Price)

$27.61 Ft 8,982

Taxi Start (Normal Tariff)

$6.11 ISK 745

$3.30 Ft 1,074

85.15%

Taxi (Normal Tariff) (1km)

$1.30 Ft 424

Taxi 1hour Waiting (Normal Tariff)

$19.78 Ft 6,436

Gasoline (1 liter)

$2.33 ISK 284

$1.81 Ft 591

28.73%

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

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

$23.98 Ft 7,802

Internet (50+ Mbps, Unlimited Data)

$23.42 Ft 7,621

Gym Membership (Monthly)

$66.2 Ft 21.6K

Tennis Court (1 Hour on Weekend)

$19.18 Ft 6,239

Cinema Ticket

$9.52 Ft 3,098

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

$537 Ft 174.6K

International Primary School, 1 Child (Yearly)

$16.6K Ft 5.4M

Jeans (Levis 501 Or Similar)

$101 Ft 33.0K

Summer Dress (H&M, Zara, etc)

$42.99 Ft 14.0K

Sport Shoes (Adidas, Nike)

$113 Ft 36.7K

Men's Leather Business Shoes

$119 Ft 38.6K

1-bedroom Apartment, City Center (Monthly)

$805 Ft 262.0K

1-bedroom Apartment, Outside City Center (Monthly)

$629 Ft 204.7K

3-bedroom Apartment, City Center (Monthly)

$1,549 Ft 504.1K

3-bedroom Apartment, Outside City Center (Monthly)

$1,167 Ft 379.7K

Buy Apartment in City Center (m2)

$5,618 Ft 1.8M

Buy Apartment Outside City Center (m2)

$3,968 Ft 1.3M

Average Monthly Net Salary (After Tax)

$1,626 Ft 529.0K

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 Egilsstadir: October 5, 2026

Last update for Budapest: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Egilsstadir

–

Budapest

$629 38.7%

Groceries & Markets

Egilsstadir

–

Budapest

$258 15.8%

Eating Out

Egilsstadir

–

Budapest

$224 13.8%

Monthly Utilities & Internet

Egilsstadir

–

Budapest

$217 13.4%

Clothing & Footwear

Egilsstadir

–

Budapest

$169 10.4%

Sport & Entertainment

Egilsstadir

–

Budapest

$85 5.2%

Getting Around

Egilsstadir

–

Budapest

$43 2.7%

Good to know

🇮🇸 Egilsstadir

🇭🇺 Budapest

🕒 Local time

05:27 5:27 AM

07:27 7:27 AM

2 h ahead of Egilsstadir

🌤 Weather

👥 Population

2,500

1,686,222 Capital

💱 Currency

Icelandic Króna ISK kr

Hungarian Forint HUF Ft

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 EUR

1,000 HUF = 3.07 USD

1,000 HUF = 2.74 EUR

Exchange rates and currency converter

HUF, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

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).

USD to ISK in detail →

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Egilsstadir Budapest 2,790 km ≈ 4 h nonstop flight

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Egilsstadir
Budapest

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

City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Egilsstadir vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Budapest is pricier by about 160%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $935 per month in Egilsstadir and $2,432 in Budapest. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $623 in Egilsstadir and $1,621 in Budapest. That's a gap of about 160%.

Interestingly, groceries are about 142% cheaper in Budapest – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Egilsstadir, where all-in costs run around $623, than in Budapest at $1,621. In Egilsstadir it covers expenses comfortably, while in Budapest it requires careful planning or may not stretch far enough.

Families tend to lean toward Egilsstadir – 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 Egilsstadir. 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.