Last update: Oct 2026

Cost of Living Comparison Between Funchal and Budapest

For one person, living is cheaper in Budapest: $1,621 a month against $2,087 in Funchal, rent and utilities included – about $5,600 less a year. Higher rent and utilities in Funchal outweigh lower spending on other living expenses.

103

Cost of Living Index in Funchal
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Funchal Living Index
79

Cost of Living Index in Budapest
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Budapest Living Index

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Funchal

🇵🇹 Portugal

$2,087

/mo nomad

Budapest

🇭🇺 Hungary

$1,621

/mo nomad

Monthly Cost of Living

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

A single person spends $2,087 per month in Funchal vs $1,621 in Budapest, rent included.

Funchal $2,087
Budapest $1,621

A couple spends around $3,066 per month in Funchal vs $2,555 in Budapest, rent included.

Funchal $3,066
Budapest $2,555

A family of three spends $4,046 per month in Funchal vs $3,489 in Budapest, rent included.

Funchal $4,046
Budapest $3,489

Funchal costs about 29% more than Budapest, and outside of rent the biggest gap is in clothing.

Both Funchal and Budapest sit above the global median – Funchal by 56%, Budapest by 21%.

Meal at Budget Restaurant

$15.03 €13.41

$13.99 Ft 4,551

7.43%

Three-Course Dinner for Two, Mid-Range

$65.0 €58.0

$60.3 Ft 19.6K

7.77%

Fast Food Meal (McDonalds, etc)

$13.30 €11.87

$9.96 Ft 3,241

33.53%

Cappuccino

$1.95 €1.74

$3.38 Ft 1,100

-42.31%

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

$1.67 €1.49

$2.13 Ft 692

-21.60%

Water (0.33 liter bottle)

$1.40 €1.25

$1.87 Ft 608

-25.13%

Local Beer (0.5 liter draught)

$2.75 €2.46

$3.75 Ft 1,221

-26.67%

Imported Beer (0.33 liter bottle)

$3.82 €3.41

$3.57 Ft 1,162

7.00%

Milk (1 liter)

$1.07 €0.95

$1.13 Ft 368

-5.31%

White Bread (500g)

$1.76 €1.57

$1.84 Ft 599

-4.35%

Rice (white) (1kg)

$1.62 €1.44

$2.39 Ft 777

-32.22%

Eggs

$3.79 €3.38

$3.83 Ft 1,245

-1.04%

Local Cheese (1kg)

$10.19 €9.09

$11.33 Ft 3,686

-10.06%

Chicken Fillets (1kg)

$7.26 €6.48

$6.74 Ft 2,192

7.72%

Beef Round Steak (1kg)

$11.93 €10.64

$14.69 Ft 4,780

-18.79%

Apples (1kg)

$1.78 €1.59

$1.84 Ft 597

-3.26%

Banana (1kg)

$1.79 €1.60

$2.01 Ft 653

-10.95%

Oranges (1kg)

$1.76 €1.57

$2.36 Ft 767

-25.42%

Tomato (1kg)

$2.45 €2.18

$3.77 Ft 1,226

-35.01%

Potato (1kg)

$1.92 €1.72

$0.96 Ft 313

100.00%

Onion (1kg)

$1.99 €1.78

$1.03 Ft 334

93.20%

Lettuce (1 head)

$1.64 €1.47

$1.56 Ft 509

5.13%

Water (1.5 liter bottle)

$0.81 €0.73

$0.66 Ft 216

22.73%

Cigarettes 20 Pack (Marlboro, Camel)

$5.44 €4.86

$7.96 Ft 2,591

-31.66%

Wine (Bottle)

$6.69 €5.97

$6.01 Ft 1,954

11.31%

Local Beer (0.5 liter bottle)

$1.28 €1.14

$1.30 Ft 421

-1.54%

Imported Beer (0.33 liter bottle)

$2.59 €2.31

$2.08 Ft 676

24.52%

One-way Ticket (Public Transport)

$2.19 €1.96

$1.50 Ft 489

46.00%

Public Transport Monthly Pass (Regular Price)

$33.23 €29.66

$27.61 Ft 8,982

20.35%

Taxi Start (Normal Tariff)

$4.00 €3.57

$3.30 Ft 1,074

21.21%

Taxi (Normal Tariff) (1km)

$1.42 €1.27

$1.30 Ft 424

9.23%

Taxi 1hour Waiting (Normal Tariff)

$18.31 €16.34

$19.78 Ft 6,436

-7.43%

Gasoline (1 liter)

$2.11 €1.88

$1.81 Ft 591

16.57%

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

$33.1K €29.6K

$29.3K Ft 9.5M

13.04%

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

$38.9K €34.7K

$34.1K Ft 11.1M

14.03%

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

$123 €110

$170 Ft 55.3K

-27.37%

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

$17.01 €15.18

$23.98 Ft 7,802

-29.07%

Internet (50+ Mbps, Unlimited Data)

$48.63 €43.40

$23.42 Ft 7,621

107.64%

Gym Membership (Monthly)

$40.45 €36.09

$66.2 Ft 21.6K

-38.93%

Tennis Court (1 Hour on Weekend)

$8.23 €7.34

$19.18 Ft 6,239

-57.09%

Cinema Ticket

$8.61 €7.68

$9.52 Ft 3,098

-9.56%

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

$423 €377

$537 Ft 174.6K

-21.26%

International Primary School, 1 Child (Yearly)

$8,385 €7,483

$16.6K Ft 5.4M

-49.50%

Jeans (Levis 501 Or Similar)

$63.7 €56.8

$101 Ft 33.0K

-37.17%

Summer Dress (H&M, Zara, etc)

$33.28 €29.70

$42.99 Ft 14.0K

-22.59%

Sport Shoes (Adidas, Nike)

$89.2 €79.6

$113 Ft 36.7K

-20.92%

Men's Leather Business Shoes

$76.5 €68.3

$119 Ft 38.6K

-35.54%

1-bedroom Apartment, City Center (Monthly)

$1,483 €1,323

$805 Ft 262.0K

84.19%

1-bedroom Apartment, Outside City Center (Monthly)

$1,245 €1,111

$629 Ft 204.7K

97.86%

3-bedroom Apartment, City Center (Monthly)

$2,516 €2,245

$1,549 Ft 504.1K

62.41%

3-bedroom Apartment, Outside City Center (Monthly)

$1,964 €1,753

$1,167 Ft 379.7K

68.30%

Buy Apartment in City Center (m2)

$4,842 €4,321

$5,618 Ft 1.8M

-13.82%

Buy Apartment Outside City Center (m2)

$3,344 €2,984

$3,968 Ft 1.3M

-15.73%

Average Monthly Net Salary (After Tax)

$1,427 €1,274

$1,626 Ft 529.0K

-12.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.59

6.43

-44.17%

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

Last update for Funchal: October 3, 2026

Last update for Budapest: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Funchal

$1.2K 58.6%

Budapest

$629 38.7% 49.5% $616

Groceries & Markets

Funchal

$243 11.4%

Budapest

$258 15.8% 6.2% $15

Eating Out

Funchal

$217 10.2%

Budapest

$224 13.8% 3.3% $7.1

Monthly Utilities & Internet

Funchal

$189 8.9%

Budapest

$217 13.4% 14.9% $28

Clothing & Footwear

Funchal

$118 5.6%

Budapest

$169 10.4% 43.1% $51

Sport & Entertainment

Funchal

$58 2.7%

Budapest

$85 5.2% 47.9% $28

Getting Around

Funchal

$53 2.5%

Budapest

$43 2.7% 18.2% $9.7

Cost Breakdown

A central one-bedroom costs $1,483 in Funchal versus $805 in Budapest. 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 14% higher in Budapest, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $65.0 in Funchal versus $60.0 in Budapest. Groceries tell a different story – $243 in Funchal vs $258 in Budapest – so Funchal wins on supermarket bills even if dining out costs more.

Good to know

🇵🇹 Funchal

🇭🇺 Budapest

🕒 Local time

03:23 3:23 AM

04:23 4:23 AM

1 h ahead of Funchal

🌤 Weather

👥 Population

105,795

1,686,222 Capital

💱 Currency

Euro EUR €

Hungarian Forint HUF Ft

📈 Exchange rate

1 EUR = 1.12 USD

1,000 HUF = 3.07 USD

1,000 HUF = 2.74 EUR

Exchange rates and currency converter

HUF, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

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 EUR in detail →

On the map

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Between locations

Funchal Budapest 3,430 km ≈ 4 h 45 min nonstop flight

From you

Funchal
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

Funchal vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Funchal is pricier by about 29%, and outside of rent the gap shows up most in clothing.

For a comfortable life, plan on about $3,130 per month in Funchal and $2,432 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 20% less in Budapest. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $423 per month in Funchal and $537 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 $1,621, than in Funchal at $2,087. In Budapest it covers expenses comfortably, while in Funchal 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, Funchal makes more sense. Both are solid long-term options with distinct trade-offs.