Last update: Oct 2026

Cost of Living Comparison Between Memphis, TN and Budapest

For one person, living is cheaper in Budapest: $1,621 a month against $2,484 in Memphis, TN, rent and utilities included – about $10,400 less a year. Rent and utilities account for most of the difference.

121

Cost of Living Index in Memphis, TN
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Memphis, TN Living Index
79

Cost of Living Index in Budapest
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Budapest Living Index

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Memphis, TN

🇺🇸 United States

$2,484

/mo nomad

Budapest

🇭🇺 Hungary

$1,621

/mo nomad

Monthly Cost of Living

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

A single person spends $2,484 per month in Memphis, TN vs $1,621 in Budapest, rent included.

Memphis, TN $2,484
Budapest $1,621

A couple spends around $3,630 per month in Memphis, TN vs $2,555 in Budapest, rent included.

Memphis, TN $3,630
Budapest $2,555

A family of three spends $4,775 per month in Memphis, TN vs $3,489 in Budapest, rent included.

Memphis, TN $4,775
Budapest $3,489

Memphis, TN costs about 53% more than Budapest, and outside of rent the biggest gap is in groceries.

Both Memphis, TN and Budapest sit above the global median – Memphis, TN by 85%, Budapest by 21%.

Meal at Budget Restaurant

$17.83 $17.83

$13.99 Ft 4,551

27.45%

Three-Course Dinner for Two, Mid-Range

$74.9 $74.9

$60.3 Ft 19.6K

24.11%

Fast Food Meal (McDonalds, etc)

$12.10 $12.10

$9.96 Ft 3,241

21.49%

Cappuccino

$5.56 $5.56

$3.38 Ft 1,100

64.50%

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

$2.39 $2.39

$2.13 Ft 692

12.21%

Water (0.33 liter bottle)

$1.97 $1.97

$1.87 Ft 608

5.35%

Local Beer (0.5 liter draught)

$7.18 $7.18

$3.75 Ft 1,221

91.47%

Imported Beer (0.33 liter bottle)

$8.23 $8.23

$3.57 Ft 1,162

130.53%

Milk (1 liter)

$0.90 $0.90

$1.13 Ft 368

-20.35%

White Bread (500g)

$3.14 $3.14

$1.84 Ft 599

70.65%

Rice (white) (1kg)

$4.01 $4.01

$2.39 Ft 777

67.78%

Eggs

$3.78 $3.78

$3.83 Ft 1,245

-1.31%

Local Cheese (1kg)

$13.45 $13.45

$11.33 Ft 3,686

18.71%

Chicken Fillets (1kg)

$11.36 $11.36

$6.74 Ft 2,192

68.55%

Beef Round Steak (1kg)

$19.44 $19.44

$14.69 Ft 4,780

32.33%

Apples (1kg)

$5.73 $5.73

$1.84 Ft 597

211.41%

Banana (1kg)

$1.77 $1.77

$2.01 Ft 653

-11.94%

Oranges (1kg)

$6.00 $6.00

$2.36 Ft 767

154.24%

Tomato (1kg)

$4.83 $4.83

$3.77 Ft 1,226

28.12%

Potato (1kg)

$3.22 $3.22

$0.96 Ft 313

235.42%

Onion (1kg)

$4.18 $4.18

$1.03 Ft 334

305.83%

Lettuce (1 head)

$2.56 $2.56

$1.56 Ft 509

64.10%

Water (1.5 liter bottle)

$2.13 $2.13

$0.66 Ft 216

222.73%

Cigarettes 20 Pack (Marlboro, Camel)

$10.63 $10.63

$7.96 Ft 2,591

33.54%

Wine (Bottle)

$12.87 $12.87

$6.01 Ft 1,954

114.14%

Local Beer (0.5 liter bottle)

$1.79 $1.79

$1.30 Ft 421

37.69%

Imported Beer (0.33 liter bottle)

$1.64 $1.64

$2.08 Ft 676

-21.15%

One-way Ticket (Public Transport)

$0.97 $0.97

$1.50 Ft 489

-35.33%

Public Transport Monthly Pass (Regular Price)

$39.19 $39.19

$27.61 Ft 8,982

41.94%

Taxi Start (Normal Tariff)

$1.94 $1.94

$3.30 Ft 1,074

-41.21%

Taxi (Normal Tariff) (1km)

$1.41 $1.41

$1.30 Ft 424

8.46%

Taxi 1hour Waiting (Normal Tariff)

$19.61 $19.61

$19.78 Ft 6,436

-0.86%

Gasoline (1 liter)

$0.99 $0.99

$1.81 Ft 591

-45.30%

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

$37.4K $37.4K

$29.3K Ft 9.5M

27.65%

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

$26.8K $26.8K

$34.1K Ft 11.1M

-21.44%

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

$186 $186

$170 Ft 55.3K

9.52%

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

$86.8 $86.8

$23.98 Ft 7,802

261.76%

Internet (50+ Mbps, Unlimited Data)

$76.2 $76.2

$23.42 Ft 7,621

225.45%

Gym Membership (Monthly)

$31.38 $31.38

$66.2 Ft 21.6K

-52.63%

Tennis Court (1 Hour on Weekend)

$16.72 $16.72

$19.18 Ft 6,239

-12.83%

Cinema Ticket

$15.15 $15.15

$9.52 Ft 3,098

59.14%

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

$1,722 $1,722

$537 Ft 174.6K

220.81%

International Primary School, 1 Child (Yearly)

$25.0K $25.0K

$16.6K Ft 5.4M

50.50%

Jeans (Levis 501 Or Similar)

$47.26 $47.26

$101 Ft 33.0K

-53.36%

Summer Dress (H&M, Zara, etc)

$33.34 $33.34

$42.99 Ft 14.0K

-22.45%

Sport Shoes (Adidas, Nike)

$82.7 $82.7

$113 Ft 36.7K

-26.69%

Men's Leather Business Shoes

$152 $152

$119 Ft 38.6K

28.24%

1-bedroom Apartment, City Center (Monthly)

$1,495 $1,495

$805 Ft 262.0K

85.63%

1-bedroom Apartment, Outside City Center (Monthly)

$1,157 $1,157

$629 Ft 204.7K

83.92%

3-bedroom Apartment, City Center (Monthly)

$2,080 $2,080

$1,549 Ft 504.1K

34.27%

3-bedroom Apartment, Outside City Center (Monthly)

$1,884 $1,884

$1,167 Ft 379.7K

61.40%

Buy Apartment in City Center (m2)

$1,781 $1,781

$5,618 Ft 1.8M

-68.29%

Buy Apartment Outside City Center (m2)

$1,364 $1,364

$3,968 Ft 1.3M

-65.64%

Average Monthly Net Salary (After Tax)

$3,648 $3,648

$1,626 Ft 529.0K

124.41%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.6

6.43

2.64%

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

Last update for Memphis, TN: October 6, 2026

Last update for Budapest: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Memphis, TN

$1.2K 46.6%

Budapest

$629 38.7% 45.6% $528

Groceries & Markets

Memphis, TN

$406 16.4%

Budapest

$258 15.8% 36.6% $149

Monthly Utilities & Internet

Memphis, TN

$349 14.1%

Budapest

$217 13.4% 37.7% $132

Eating Out

Memphis, TN

$316 12.7%

Budapest

$224 13.8% 28.9% $91

Clothing & Footwear

Memphis, TN

$142 5.7%

Budapest

$169 10.4% 19.1% $27

Sport & Entertainment

Memphis, TN

$62 2.5%

Budapest

$85 5.2% 38.3% $24

Getting Around

Memphis, TN

$52 2.1%

Budapest

$43 2.7% 16.6% $8.6

Cost Breakdown

A central one-bedroom costs $1,495 in Memphis, TN 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 124% higher in Memphis, TN, 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 $75.0 in Memphis, TN versus $60.0 in Budapest. Monthly groceries follow the same trend: $406 vs $258 – making Budapest the more affordable choice for daily food spending.

Good to know

🇺🇸 Memphis, TN

🇭🇺 Budapest

🕒 Local time

00:14 12:14 AM

07:14 7:14 AM

7 h ahead of Memphis, TN

🌤 Weather

👥 Population

633,104

1,686,222 Capital

💱 Currency

United States Dollar USD $

Hungarian Forint HUF Ft

📈 Exchange rate

1 USD = 0.892 EUR

1,000 HUF = 3.07 USD

1,000 HUF = 2.74 EUR

Exchange rates and currency converter

HUF, EUR to USD – United States Dollar Converter

🇭🇺 Hungarian Forint (Ft)

🇺🇸 United States Dollar ($)

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

HUF to USD in detail →

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Between locations

Memphis, TN Budapest 8,440 km ≈ 11 h nonstop flight

From you

Memphis, TN
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

Memphis, TN vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Memphis, TN is pricier by about 53%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,726 per month in Memphis, TN 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 42% less in Budapest. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,722 per month in Memphis, TN 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 Memphis, TN at $2,484. In Budapest it covers expenses comfortably, while in Memphis, TN 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, Memphis, TN makes more sense. Both are solid long-term options with distinct trade-offs.