Last update: Oct 2026

Cost of Living Comparison Between Elliot Lake, ON and Budapest

For one person, living is cheaper in Budapest: $1,641 a month against $2,324 in Elliot Lake, ON, rent and utilities included – about $8,200 less a year. Rent and utilities account for most of the difference.

109

Cost of Living Index in Elliot Lake, ON
Learn more

Elliot Lake, ON Living Index
80

Cost of Living Index in Budapest
Learn more

Budapest Living Index

Jump to prices

Elliot Lake, ON

🇨🇦 Canada

$2,324

/mo nomad

Budapest

🇭🇺 Hungary

$1,641

/mo nomad

Monthly Cost of Living

How much you'll spend in Elliot Lake, ON 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 Elliot Lake, ON and in Budapest actually costs, broken down by who's living it.

A single person spends $2,324 per month in Elliot Lake, ON vs $1,641 in Budapest, rent included.

Elliot Lake, ON $2,324
Budapest $1,641

A couple spends around $3,241 per month in Elliot Lake, ON vs $2,562 in Budapest, rent included.

Elliot Lake, ON $3,241
Budapest $2,562

A family of three spends $4,158 per month in Elliot Lake, ON vs $3,483 in Budapest, rent included.

Elliot Lake, ON $4,158
Budapest $3,483

Elliot Lake, ON costs about 42% more than Budapest, and outside of rent the biggest gap is in groceries.

Both Elliot Lake, ON and Budapest sit above the global median – Elliot Lake, ON by 72%, Budapest by 21%.

Meal at Budget Restaurant

$17.76 CA$25.11

$14.04 Ft 4,536

26.50%

Three-Course Dinner for Two, Mid-Range

$64.8 CA$91.7

$60.9 Ft 19.7K

6.42%

Fast Food Meal (McDonalds, etc)

$10.57 CA$14.94

$10.37 Ft 3,351

1.93%

Cappuccino

$3.70 CA$5.23

$3.46 Ft 1,117

6.94%

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

$1.98 CA$2.80

$2.07 Ft 669

-4.35%

Water (0.33 liter bottle)

$1.62 CA$2.29

$1.77 Ft 572

-8.47%

Local Beer (0.5 liter draught)

$5.21 CA$7.36

$3.69 Ft 1,191

41.19%

Imported Beer (0.33 liter bottle)

$5.65 CA$7.98

$3.80 Ft 1,229

48.68%

Milk (1 liter)

$2.30 CA$3.25

$1.16 Ft 374

98.28%

White Bread (500g)

$2.55 CA$3.60

$1.85 Ft 598

37.84%

Rice (white) (1kg)

$3.04 CA$4.30

$2.40 Ft 776

26.67%

Eggs

$3.17 CA$4.48

$3.99 Ft 1,289

-20.55%

Local Cheese (1kg)

$10.28 CA$14.53

$11.40 Ft 3,683

-9.82%

Chicken Fillets (1kg)

$12.93 CA$18.28

$6.87 Ft 2,221

88.21%

Beef Round Steak (1kg)

$16.33 CA$23.08

$14.49 Ft 4,682

12.70%

Apples (1kg)

$3.87 CA$5.47

$1.88 Ft 607

105.85%

Banana (1kg)

$1.26 CA$1.78

$2.14 Ft 693

-41.12%

Oranges (1kg)

$3.51 CA$4.97

$2.30 Ft 744

52.61%

Tomato (1kg)

$3.92 CA$5.54

$4.04 Ft 1,304

-2.97%

Potato (1kg)

$2.73 CA$3.86

$1.02 Ft 329

167.65%

Onion (1kg)

$1.99 CA$2.81

$0.99 Ft 320

101.01%

Lettuce (1 head)

$2.43 CA$3.43

$1.58 Ft 510

53.80%

Water (1.5 liter bottle)

$1.79 CA$2.53

$0.70 Ft 225

155.71%

Cigarettes 20 Pack (Marlboro, Camel)

$14.18 CA$20.04

$8.03 Ft 2,594

76.59%

Wine (Bottle)

$12.80 CA$18.10

$6.18 Ft 1,997

107.12%

Local Beer (0.5 liter bottle)

$2.42 CA$3.42

$1.24 Ft 401

95.16%

Imported Beer (0.33 liter bottle)

$2.91 CA$4.12

$2.06 Ft 666

41.26%

One-way Ticket (Public Transport)

$2.25 CA$3.18

$1.59 Ft 513

41.51%

Public Transport Monthly Pass (Regular Price)

$64.7 CA$91.4

$27.52 Ft 8,893

134.96%

Taxi Start (Normal Tariff)

$2.95 CA$4.17

$3.43 Ft 1,110

-13.99%

Taxi (Normal Tariff) (1km)

$1.40 CA$1.98

$1.33 Ft 431

5.26%

Taxi 1hour Waiting (Normal Tariff)

$23.73 CA$33.55

$20.45 Ft 6,607

16.04%

Gasoline (1 liter)

$1.07 CA$1.52

$1.93 Ft 624

-44.56%

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

$25.8K CA$36.4K

$29.1K Ft 9.4M

-11.52%

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

$23.2K CA$32.8K

$34.7K Ft 11.2M

-33.13%

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

$150 CA$212

$175 Ft 56.4K

-13.94%

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

$32.88 CA$46.48

$23.62 Ft 7,631

39.20%

Internet (50+ Mbps, Unlimited Data)

$55.6 CA$78.6

$23.60 Ft 7,625

135.51%

Gym Membership (Monthly)

$44.30 CA$62.6

$68.8 Ft 22.2K

-35.65%

Tennis Court (1 Hour on Weekend)

$20.25 CA$28.63

$19.26 Ft 6,224

5.14%

Cinema Ticket

$10.01 CA$14.15

$10.31 Ft 3,333

-2.91%

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

$628 CA$887

$535 Ft 172.9K

17.24%

International Primary School, 1 Child (Yearly)

$11.6K CA$16.4K

$16.8K Ft 5.4M

-31.23%

Jeans (Levis 501 Or Similar)

$56.7 CA$80.2

$99.9 Ft 32.3K

-43.21%

Summer Dress (H&M, Zara, etc)

$40.46 CA$57.2

$43.27 Ft 14.0K

-6.49%

Sport Shoes (Adidas, Nike)

$92.9 CA$131

$112 Ft 36.1K

-16.87%

Men's Leather Business Shoes

$107 CA$151

$119 Ft 38.4K

-10.05%

1-bedroom Apartment, City Center (Monthly)

$1,394 CA$1,971

$832 Ft 268.8K

67.57%

1-bedroom Apartment, Outside City Center (Monthly)

$1,169 CA$1,652

$629 Ft 203.3K

85.78%

3-bedroom Apartment, City Center (Monthly)

$2,224 CA$3,145

$1,586 Ft 512.4K

40.25%

3-bedroom Apartment, Outside City Center (Monthly)

$1,560 CA$2,206

$1,197 Ft 386.6K

30.39%

Buy Apartment in City Center (m2)

$4,250 CA$6,009

$5,718 Ft 1.8M

-25.67%

Buy Apartment Outside City Center (m2)

$3,892 CA$5,502

$3,947 Ft 1.3M

-1.41%

Average Monthly Net Salary (After Tax)

$1,712 Ft 553.1K

20-Year Fixed Mortgage Interest Rate (Annual %)

4.67

6.45

-27.60%

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

Last update for Elliot Lake, ON: October 18, 2026

Last update for Budapest: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Elliot Lake, ON

$1.2K 50.3%

Budapest

$629 38.4% 46.2% $540

Groceries & Markets

Elliot Lake, ON

$365 15.7%

Budapest

$262 16% 28.3% $104

Eating Out

Elliot Lake, ON

$270 11.6%

Budapest

$226 13.8% 16.1% $44

Monthly Utilities & Internet

Elliot Lake, ON

$239 10.3%

Budapest

$222 13.5% 7.1% $17

Clothing & Footwear

Elliot Lake, ON

$134 5.8%

Budapest

$168 10.3% 25.8% $35

Getting Around

Elliot Lake, ON

$84 3.6%

Budapest

$44 2.7% 47.4% $40

Sport & Entertainment

Elliot Lake, ON

$64 2.8%

Budapest

$89 5.5% 39.1% $25

Cost Breakdown

A central one-bedroom costs $1,394 in Elliot Lake, ON versus $832 in Budapest. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $65.0 in Elliot Lake, ON versus $61.0 in Budapest. Monthly groceries follow the same trend: $365 vs $262 – making Budapest the more affordable choice for daily food spending.

Good to know

🇨🇦 Elliot Lake, ON

🇭🇺 Budapest

🕒 Local time

10:54 10:54 AM

16:54 4:54 PM

6 h ahead of Elliot Lake, ON

🌤 Weather

👥 Population

10,741

1,686,222 Capital

💱 Currency

Canadian Dollar CAD $

Hungarian Forint HUF Ft

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1,000 HUF = 3.1 USD

1,000 HUF = 2.75 EUR

Exchange rates and currency converter

HUF, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 21, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Hungarian Forint exchange rates as of October 21, 2026: 1 USD = 323 HUF (1,000 HUF = 3.1 USD). 1 EUR = 363 HUF (1,000 HUF = 2.75 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Elliot Lake, ON Budapest 7,110 km ≈ 9 h nonstop flight

From you

Elliot Lake, ON
Budapest

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

Elliot Lake, ON vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Elliot Lake, ON is pricier by about 42%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,487 per month in Elliot Lake, ON and $2,461 in Budapest. 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 135% less in Budapest. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $628 per month in Elliot Lake, ON and $535 in Budapest. 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 $1,641, than in Elliot Lake, ON at $2,324. In Budapest it covers expenses comfortably, while in Elliot Lake, 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, Elliot Lake, ON makes more sense. Both are solid long-term options with distinct trade-offs.