Last update: Oct 2026

Cost of Living Comparison Between Mykonos and Budapest

For one person, living is cheaper in Mykonos: $1,461 a month against $1,619 in Budapest, rent and utilities included – about $1,900 less a year. Higher rent and utilities in Budapest outweigh lower spending on other living expenses.

71

Cost of Living Index in Mykonos
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Mykonos Living Index
79

Cost of Living Index in Budapest
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Budapest Living Index

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Mykonos

🇬🇷 Greece

$1,461

/mo nomad

Budapest

🇭🇺 Hungary

$1,619

/mo nomad

Monthly Cost of Living

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

A single person spends $1,461 per month in Mykonos vs $1,619 in Budapest, rent included.

Mykonos $1,461
Budapest $1,619

A couple spends around $2,231 per month in Mykonos vs $2,524 in Budapest, rent included.

Mykonos $2,231
Budapest $2,524

A family of three spends $3,000 per month in Mykonos vs $3,429 in Budapest, rent included.

Mykonos $3,000
Budapest $3,429

Mykonos is about 10% cheaper than Budapest, and outside of rent the biggest gap is in groceries.

Both Mykonos and Budapest sit above the global median – Mykonos by 8%, Budapest by 20%.

Meal at Budget Restaurant

$12.90 €11.47

$13.94 Ft 4,503

-7.46%

Three-Course Dinner for Two, Mid-Range

$55.2 €49.10

$61.2 Ft 19.8K

-9.83%

Fast Food Meal (McDonalds, etc)

$8.15 €7.25

$10.19 Ft 3,291

-20.02%

Cappuccino

$3.69 €3.28

$3.26 Ft 1,055

13.19%

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

$2.36 €2.10

$2.14 Ft 690

10.28%

Water (0.33 liter bottle)

$0.78 €0.69

$1.78 Ft 577

-56.18%

Local Beer (0.5 liter draught)

$4.79 €4.26

$3.71 Ft 1,198

29.11%

Imported Beer (0.33 liter bottle)

$5.26 €4.68

$3.77 Ft 1,217

39.52%

Milk (1 liter)

$1.71 €1.52

$1.15 Ft 371

48.70%

White Bread (500g)

$1.50 €1.33

$1.79 Ft 578

-16.20%

Rice (white) (1kg)

$1.64 €1.46

$2.49 Ft 804

-34.14%

Eggs

$4.15 €3.69

$3.90 Ft 1,261

6.41%

Local Cheese (1kg)

$15.77 €14.03

$11.10 Ft 3,587

42.07%

Chicken Fillets (1kg)

$10.73 €9.55

$6.62 Ft 2,139

62.08%

Beef Round Steak (1kg)

$15.21 €13.53

$14.69 Ft 4,745

3.54%

Apples (1kg)

$2.21 €1.97

$1.83 Ft 591

20.77%

Banana (1kg)

$2.05 €1.82

$2.05 Ft 661

Oranges (1kg)

$1.37 €1.22

$2.37 Ft 765

-42.19%

Tomato (1kg)

$1.76 €1.56

$3.90 Ft 1,260

-54.87%

Potato (1kg)

$1.22 €1.09

$0.99 Ft 320

23.23%

Onion (1kg)

$1.21 €1.08

$1.00 Ft 322

21.00%

Lettuce (1 head)

$0.89 €0.79

$1.58 Ft 511

-43.67%

Water (1.5 liter bottle)

$0.77 €0.69

$0.67 Ft 216

14.93%

Cigarettes 20 Pack (Marlboro, Camel)

$4.94 €4.39

$7.96 Ft 2,572

-37.94%

Wine (Bottle)

$7.88 €7.00

$6.22 Ft 2,009

26.69%

Local Beer (0.5 liter bottle)

$2.33 €2.07

$1.27 Ft 411

83.46%

Imported Beer (0.33 liter bottle)

$2.86 €2.54

$2.03 Ft 654

40.89%

One-way Ticket (Public Transport)

$1.32 €1.17

$1.52 Ft 490

-13.16%

Public Transport Monthly Pass (Regular Price)

$50.5 €44.95

$28.02 Ft 9,053

80.34%

Taxi Start (Normal Tariff)

$4.48 €3.99

$3.31 Ft 1,070

35.35%

Taxi (Normal Tariff) (1km)

$1.10 €0.98

$1.37 Ft 442

-19.71%

Taxi 1hour Waiting (Normal Tariff)

$11.09 €9.87

$19.83 Ft 6,406

-44.07%

Gasoline (1 liter)

$2.27 €2.02

$1.82 Ft 589

24.73%

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

$27.5K €24.4K

$29.8K Ft 9.6M

-7.75%

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

$24.5K €21.7K

$33.8K Ft 10.9M

-27.69%

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

$195 €174

$171 Ft 55.3K

14.19%

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

$30.85 €27.44

$23.51 Ft 7,596

31.22%

Internet (50+ Mbps, Unlimited Data)

$37.38 €33.25

$23.29 Ft 7,526

60.50%

Gym Membership (Monthly)

$50.4 €44.87

$67.5 Ft 21.8K

-25.31%

Tennis Court (1 Hour on Weekend)

$27.90 €24.82

$18.89 Ft 6,104

47.70%

Cinema Ticket

$8.70 €7.74

$9.30 Ft 3,004

-6.45%

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

$406 €361

$533 Ft 172.3K

-23.94%

International Primary School, 1 Child (Yearly)

$3,951 €3,514

$16.8K Ft 5.4M

-76.42%

Jeans (Levis 501 Or Similar)

$87.8 €78.1

$99.6 Ft 32.2K

-11.83%

Summer Dress (H&M, Zara, etc)

$42.90 €38.16

$43.49 Ft 14.0K

-1.36%

Sport Shoes (Adidas, Nike)

$84.2 €74.9

$110 Ft 35.7K

-23.67%

Men's Leather Business Shoes

$135 €120

$119 Ft 38.4K

13.62%

1-bedroom Apartment, City Center (Monthly)

$483 €430

$830 Ft 268.3K

-41.86%

1-bedroom Apartment, Outside City Center (Monthly)

$396 €352

$622 Ft 200.9K

-36.31%

3-bedroom Apartment, City Center (Monthly)

$648 €576

$1,594 Ft 514.9K

-59.35%

3-bedroom Apartment, Outside City Center (Monthly)

$658 €586

$1,170 Ft 378.1K

-43.75%

Buy Apartment in City Center (m2)

$2,909 €2,587

$5,832 Ft 1.9M

-50.12%

Buy Apartment Outside City Center (m2)

$2,298 €2,044

$3,889 Ft 1.3M

-40.91%

Average Monthly Net Salary (After Tax)

$1,626 €1,447

$1,651 Ft 533.4K

-1.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.44

6.45

-31.16%

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

Last update for Mykonos: October 12, 2026

Last update for Budapest: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Mykonos

$396 27.1%

Budapest

$622 38.4% 57% $226

Groceries & Markets

Mykonos

$292 20%

Budapest

$258 15.9% 11.5% $34

Monthly Utilities & Internet

Mykonos

$264 18%

Budapest

$218 13.5% 17.3% $46

Eating Out

Mykonos

$219 15%

Budapest

$223 13.8% 1.8% $4.1

Clothing & Footwear

Mykonos

$158 10.8%

Budapest

$168 10.4% 6.4% $10

Sport & Entertainment

Mykonos

$68 4.6%

Budapest

$86 5.3% 26.9% $18

Getting Around

Mykonos

$66 4.5%

Budapest

$44 2.7% 32.7% $22

Cost Breakdown

A central one-bedroom costs $483 in Mykonos versus $830 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 2% higher in Budapest, 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 $55.0 in Mykonos versus $61.0 in Budapest. Groceries tell a different story – $292 in Mykonos vs $258 in Budapest – so Budapest wins on supermarket bills even if dining out costs more.

Good to know

🇬🇷 Mykonos

🇭🇺 Budapest

🕒 Local time

21:49 9:49 PM

20:49 8:49 PM

1 h behind Mykonos

🌤 Weather

👥 Population

10,704

1,686,222 Capital

💱 Currency

Euro EUR €

Hungarian Forint HUF Ft

📈 Exchange rate

1 EUR = 1.12 USD

1,000 HUF = 3.1 USD

1,000 HUF = 2.75 EUR

Exchange rates and currency converter

HUF, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 17, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Hungarian Forint exchange rates as of October 17, 2026: 1 USD = 323 HUF (1,000 HUF = 3.1 USD). 1 EUR = 363 HUF (1,000 HUF = 2.75 EUR).

USD to EUR in detail →

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Between locations

Mykonos Budapest 1,230 km ≈ 2 h nonstop flight

From you

Mykonos
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

Mykonos vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Budapest is pricier by about 11%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,192 per month in Mykonos and $2,428 in Budapest. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Mykonos, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 80% less in Mykonos. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $406 per month in Mykonos and $533 in Budapest. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Mykonos, where all-in costs run around $1,461, than in Budapest at $1,619. In Mykonos it covers expenses comfortably, while in Budapest it requires careful planning or may not stretch far enough.

Families tend to lean toward Mykonos – 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 Mykonos. 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.