Last update: Oct 2026

Cost of Living Comparison Between Grundarfjordur and Budapest

For one person, living is cheaper in Budapest: $1,619 a month against $1,722 in Grundarfjordur, rent and utilities included – about $1,200 less a year. The total is higher in Grundarfjordur despite lower rent and utilities.

84

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index
79

Cost of Living Index in Budapest
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Budapest Living Index

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Grundarfjordur

🇮🇸 Iceland

$1,722

/mo nomad

Budapest

🇭🇺 Hungary

$1,619

/mo nomad

Monthly Cost of Living

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

A single person spends $1,722 per month in Grundarfjordur vs $1,619 in Budapest, rent included.

Grundarfjordur $1,722
Budapest $1,619

A couple spends around $2,930 per month in Grundarfjordur vs $2,524 in Budapest, rent included.

Grundarfjordur $2,930
Budapest $2,524

A family of three spends $4,138 per month in Grundarfjordur vs $3,429 in Budapest, rent included.

Grundarfjordur $4,138
Budapest $3,429

Grundarfjordur costs about 6% more than Budapest, and outside of rent the biggest gap is in groceries.

Both Grundarfjordur and Budapest sit above the global median – Grundarfjordur by 28%, Budapest by 20%.

Meal at Budget Restaurant

$31.43 ISK 3,812

$13.94 Ft 4,492

125.47%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$61.2 Ft 19.7K

100.21%

Fast Food Meal (McDonalds, etc)

$27.34 ISK 3,316

$10.19 Ft 3,284

168.30%

Cappuccino

$6.73 ISK 816

$3.26 Ft 1,052

106.44%

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

$3.35 ISK 406

$2.14 Ft 689

56.54%

Water (0.33 liter bottle)

$3.02 ISK 367

$1.78 Ft 575

69.66%

Local Beer (0.5 liter draught)

$13.78 ISK 1,671

$3.71 Ft 1,195

271.43%

Imported Beer (0.33 liter bottle)

$12.34 ISK 1,496

$3.77 Ft 1,215

227.32%

Milk (1 liter)

$2.11 ISK 255

$1.15 Ft 370

83.48%

White Bread (500g)

$4.31 ISK 523

$1.79 Ft 576

140.78%

Rice (white) (1kg)

$3.60 ISK 437

$2.49 Ft 802

44.58%

Eggs

$7.15 ISK 867

$3.90 Ft 1,258

83.33%

Local Cheese (1kg)

$21.52 ISK 2,610

$11.10 Ft 3,579

93.87%

Chicken Fillets (1kg)

$24.59 ISK 2,983

$6.62 Ft 2,134

271.45%

Beef Round Steak (1kg)

$41.30 ISK 5,010

$14.69 Ft 4,734

181.14%

Apples (1kg)

$3.23 ISK 392

$1.83 Ft 590

76.50%

Banana (1kg)

$2.88 ISK 349

$2.05 Ft 660

40.49%

Oranges (1kg)

$3.27 ISK 396

$2.37 Ft 764

37.97%

Tomato (1kg)

$6.39 ISK 776

$3.90 Ft 1,257

63.85%

Potato (1kg)

$3.96 ISK 480

$0.99 Ft 320

300.00%

Onion (1kg)

$1.68 ISK 204

$1.00 Ft 321

68.00%

Lettuce (1 head)

$3.67 ISK 445

$1.58 Ft 510

132.28%

Water (1.5 liter bottle)

$1.83 ISK 222

$0.67 Ft 215

173.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.67 ISK 1,658

$7.96 Ft 2,566

71.73%

Wine (Bottle)

$23.72 ISK 2,877

$6.22 Ft 2,004

281.35%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.27 Ft 410

177.95%

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

$2.03 Ft 653

71.43%

One-way Ticket (Public Transport)

$1.52 Ft 489

Public Transport Monthly Pass (Regular Price)

$28.02 Ft 9,032

Taxi Start (Normal Tariff)

$6.67 ISK 809

$3.31 Ft 1,067

101.51%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$1.37 Ft 441

111.68%

Taxi 1hour Waiting (Normal Tariff)

$81.7 ISK 9,913

$19.83 Ft 6,391

312.15%

Gasoline (1 liter)

$2.02 ISK 245

$1.82 Ft 587

10.99%

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

$51.5K ISK 6.2M

$29.8K Ft 9.6M

72.87%

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

$52.9K ISK 6.4M

$33.8K Ft 10.9M

56.54%

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

$97.1 ISK 11.8K

$171 Ft 55.2K

-43.27%

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

$32.85 ISK 3,985

$23.51 Ft 7,579

39.73%

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.3K

$23.29 Ft 7,508

265.65%

Gym Membership (Monthly)

$67.5 Ft 21.8K

Tennis Court (1 Hour on Weekend)

$18.89 Ft 6,090

Cinema Ticket

$19.40 ISK 2,353

$9.30 Ft 2,997

108.60%

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

$1,191 ISK 144.4K

$533 Ft 171.9K

123.28%

International Primary School, 1 Child (Yearly)

$25.8K ISK 3.1M

$16.8K Ft 5.4M

53.86%

Jeans (Levis 501 Or Similar)

$147 ISK 17.8K

$99.6 Ft 32.1K

47.25%

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,022

$43.49 Ft 14.0K

52.08%

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$110 Ft 35.6K

68.05%

Men's Leather Business Shoes

$253 ISK 30.7K

$119 Ft 38.3K

112.65%

1-bedroom Apartment, City Center (Monthly)

$830 Ft 267.7K

1-bedroom Apartment, Outside City Center (Monthly)

$622 Ft 200.5K

3-bedroom Apartment, City Center (Monthly)

$1,594 Ft 513.7K

3-bedroom Apartment, Outside City Center (Monthly)

$1,170 Ft 377.2K

Buy Apartment in City Center (m2)

$5,832 Ft 1.9M

Buy Apartment Outside City Center (m2)

$1,121 ISK 135.9K

$3,889 Ft 1.3M

-71.18%

Average Monthly Net Salary (After Tax)

$1,651 Ft 532.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

6.45

36.59%

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

Last update for Grundarfjordur: October 10, 2026

Last update for Budapest: October 13, 2026

Monthly budget structure

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

Groceries & Markets

Grundarfjordur

$621 36.1%

Budapest

$258 15.9% 58.5% $363

Eating Out

Grundarfjordur

$533 31%

Budapest

$223 13.8% 58.2% $310

Clothing & Footwear

Grundarfjordur

$293 17%

Budapest

$168 10.4% 42.8% $125

Monthly Utilities & Internet

Grundarfjordur

$215 12.5%

Budapest

$218 13.5% 1.3% $2.8

Sport & Entertainment

Grundarfjordur

$39 * 2.3%

Budapest

$86 5.3% 122% $47

Getting Around

Grundarfjordur

$21 * 1.2%

Budapest

$44 2.7% 109% $23

Accommodation & Living

Grundarfjordur

- * 0%

Budapest

$622 38.4%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $123 in Grundarfjordur versus $61.0 in Budapest. Monthly groceries follow the same trend: $621 vs $258 – making Budapest the more affordable choice for daily food spending.

Good to know

🇮🇸 Grundarfjordur

🇭🇺 Budapest

🕒 Local time

18:04 6:04 PM

20:04 8:04 PM

2 h ahead of Grundarfjordur

🌤 Weather

👥 Population

800

1,686,222 Capital

💱 Currency

Icelandic Króna ISK kr

Hungarian Forint HUF Ft

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

1,000 HUF = 3.1 USD

1,000 HUF = 2.77 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 16, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

Hungarian Forint exchange rates as of October 16, 2026: 1 USD = 322 HUF (1,000 HUF = 3.1 USD). 1 EUR = 362 HUF (1,000 HUF = 2.77 EUR).

USD to ISK in detail →

On the map

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Between locations

Grundarfjordur Budapest 3,160 km ≈ 4 h 30 min nonstop flight

From you

Grundarfjordur
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

Grundarfjordur vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Grundarfjordur is pricier by about 6%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,584 per month in Grundarfjordur and $2,428 in Budapest. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $123 in Grundarfjordur and $61.0 in Budapest. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 141% more in Grundarfjordur, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,500 monthly budget goes further in Budapest, where all-in costs run around $1,619, than in Grundarfjordur at $1,722. In Budapest it covers expenses comfortably, while in Grundarfjordur 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, Grundarfjordur makes more sense. Both are solid long-term options with distinct trade-offs.