Last update: Oct 2026

Cost of Living Comparison Between Newmarket, ON and Budapest

For one person, living is cheaper in Budapest: $1,619 a month against $2,489 in Newmarket, ON, 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 Newmarket, ON
Learn more

Newmarket, ON Living Index
79

Cost of Living Index in Budapest
Learn more

Budapest Living Index

Jump to prices

Newmarket, ON

🇨🇦 Canada

$2,489

/mo nomad

Budapest

🇭🇺 Hungary

$1,619

/mo nomad

Monthly Cost of Living

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

A single person spends $2,489 per month in Newmarket, ON vs $1,619 in Budapest, rent included.

Newmarket, ON $2,489
Budapest $1,619

A couple spends around $3,526 per month in Newmarket, ON vs $2,524 in Budapest, rent included.

Newmarket, ON $3,526
Budapest $2,524

A family of three spends $4,564 per month in Newmarket, ON vs $3,429 in Budapest, rent included.

Newmarket, ON $4,564
Budapest $3,429

Newmarket, ON costs about 54% more than Budapest, and outside of rent the biggest gap is in transport.

Both Newmarket, ON and Budapest sit above the global median – Newmarket, ON by 84%, Budapest by 20%.

Meal at Budget Restaurant

$14.25 CA$20.14

$13.94 Ft 4,503

2.22%

Three-Course Dinner for Two, Mid-Range

$61.2 CA$86.5

$61.2 Ft 19.8K

-0.10%

Fast Food Meal (McDonalds, etc)

$8.54 CA$12.07

$10.19 Ft 3,291

-16.19%

Cappuccino

$3.48 CA$4.92

$3.26 Ft 1,055

6.75%

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

$1.76 CA$2.48

$2.14 Ft 690

-17.76%

Water (0.33 liter bottle)

$1.34 CA$1.90

$1.78 Ft 577

-24.72%

Local Beer (0.5 liter draught)

$4.84 CA$6.84

$3.71 Ft 1,198

30.46%

Imported Beer (0.33 liter bottle)

$5.80 CA$8.20

$3.77 Ft 1,217

53.85%

Milk (1 liter)

$1.99 CA$2.82

$1.15 Ft 371

73.04%

White Bread (500g)

$2.74 CA$3.87

$1.79 Ft 578

53.07%

Rice (white) (1kg)

$4.16 CA$5.88

$2.49 Ft 804

67.07%

Eggs

$2.78 CA$3.92

$3.90 Ft 1,261

-28.72%

Local Cheese (1kg)

$9.20 CA$13.01

$11.10 Ft 3,587

-17.12%

Chicken Fillets (1kg)

$11.14 CA$15.75

$6.62 Ft 2,139

68.28%

Beef Round Steak (1kg)

$9.05 CA$12.80

$14.69 Ft 4,745

-38.39%

Apples (1kg)

$4.22 CA$5.96

$1.83 Ft 591

130.60%

Banana (1kg)

$1.17 CA$1.65

$2.05 Ft 661

-42.93%

Oranges (1kg)

$2.78 CA$3.93

$2.37 Ft 765

17.30%

Tomato (1kg)

$3.59 CA$5.08

$3.90 Ft 1,260

-7.95%

Potato (1kg)

$3.41 CA$4.82

$0.99 Ft 320

244.44%

Onion (1kg)

$2.61 CA$3.69

$1.00 Ft 322

161.00%

Lettuce (1 head)

$2.26 CA$3.19

$1.58 Ft 511

43.04%

Water (1.5 liter bottle)

$0.44 CA$0.62

$0.67 Ft 216

-34.33%

Cigarettes 20 Pack (Marlboro, Camel)

$14.07 CA$19.89

$7.96 Ft 2,572

76.76%

Wine (Bottle)

$10.45 CA$14.77

$6.22 Ft 2,009

68.01%

Local Beer (0.5 liter bottle)

$3.34 CA$4.72

$1.27 Ft 411

162.99%

Imported Beer (0.33 liter bottle)

$3.57 CA$5.05

$2.03 Ft 654

75.86%

One-way Ticket (Public Transport)

$3.30 CA$4.66

$1.52 Ft 490

117.11%

Public Transport Monthly Pass (Regular Price)

$117 CA$166

$28.02 Ft 9,053

319.27%

Taxi Start (Normal Tariff)

$3.46 CA$4.88

$3.31 Ft 1,070

4.53%

Taxi (Normal Tariff) (1km)

$0.68 CA$0.96

$1.37 Ft 442

-50.36%

Taxi 1hour Waiting (Normal Tariff)

$17.81 CA$25.17

$19.83 Ft 6,406

-10.19%

Gasoline (1 liter)

$1.05 CA$1.48

$1.82 Ft 589

-42.31%

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

$22.7K CA$32.1K

$29.8K Ft 9.6M

-23.76%

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

$18.8K CA$26.6K

$33.8K Ft 10.9M

-44.43%

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

$96.1 CA$136

$171 Ft 55.3K

-43.85%

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

$36.90 CA$52.2

$23.51 Ft 7,596

56.95%

Internet (50+ Mbps, Unlimited Data)

$52.1 CA$73.7

$23.29 Ft 7,526

123.83%

Gym Membership (Monthly)

$40.06 CA$56.6

$67.5 Ft 21.8K

-40.68%

Tennis Court (1 Hour on Weekend)

$21.42 CA$30.28

$18.89 Ft 6,104

13.39%

Cinema Ticket

$10.43 CA$14.74

$9.30 Ft 3,004

12.15%

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

$1,177 CA$1,664

$533 Ft 172.3K

120.69%

International Primary School, 1 Child (Yearly)

$16.8K Ft 5.4M

Jeans (Levis 501 Or Similar)

$55.3 CA$78.2

$99.6 Ft 32.2K

-44.45%

Summer Dress (H&M, Zara, etc)

$33.22 CA$46.97

$43.49 Ft 14.0K

-23.61%

Sport Shoes (Adidas, Nike)

$88.9 CA$126

$110 Ft 35.7K

-19.44%

Men's Leather Business Shoes

$81.6 CA$115

$119 Ft 38.4K

-31.42%

1-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,199

$830 Ft 268.3K

87.32%

1-bedroom Apartment, Outside City Center (Monthly)

$1,442 CA$2,038

$622 Ft 200.9K

131.83%

3-bedroom Apartment, City Center (Monthly)

$2,328 CA$3,292

$1,594 Ft 514.9K

46.11%

3-bedroom Apartment, Outside City Center (Monthly)

$2,169 CA$3,066

$1,170 Ft 378.1K

85.29%

Buy Apartment in City Center (m2)

$4,222 CA$5,969

$5,832 Ft 1.9M

-27.60%

Buy Apartment Outside City Center (m2)

$4,233 CA$5,984

$3,889 Ft 1.3M

8.85%

Average Monthly Net Salary (After Tax)

$2,913 CA$4,118

$1,651 Ft 533.4K

76.43%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.53

6.45

-29.77%

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

Last update for Newmarket, ON: 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

Newmarket, ON

$1.4K 57.9%

Budapest

$622 38.4% 56.9% $820

Groceries & Markets

Newmarket, ON

$317 12.8%

Budapest

$258 15.9% 18.7% $59

Eating Out

Newmarket, ON

$230 9.2%

Budapest

$223 13.8% 2.8% $6.5

Monthly Utilities & Internet

Newmarket, ON

$185 7.4%

Budapest

$218 13.5% 17.7% $33

Getting Around

Newmarket, ON

$138 5.5%

Budapest

$44 2.7% 67.8% $93

Clothing & Footwear

Newmarket, ON

$117 4.7%

Budapest

$168 10.4% 43.8% $51

Sport & Entertainment

Newmarket, ON

$61 2.5%

Budapest

$86 5.3% 41.4% $25

Cost Breakdown

A central one-bedroom costs $1,556 in Newmarket, ON 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 76% higher in Newmarket, ON, 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 $61.0 in Newmarket, ON versus $61.0 in Budapest. Groceries tell a different story – $317 in Newmarket, ON vs $258 in Budapest – so Budapest wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Newmarket, ON

🇭🇺 Budapest

🕒 Local time

15:33 3:33 PM

21:33 9:33 PM

6 h ahead of Newmarket, ON

🌤 Weather

👥 Population

87,942

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 18, 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 18, 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

Newmarket, ON Budapest 7,100 km ≈ 9 h nonstop flight

From you

Newmarket, 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

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

Yes – Newmarket, ON is pricier by about 54%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $3,733 per month in Newmarket, ON 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 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 319% less in Budapest. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,177 per month in Newmarket, ON and $533 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 $1,619, than in Newmarket, ON at $2,489. In Budapest it covers expenses comfortably, while in Newmarket, 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, Newmarket, ON makes more sense. Both are solid long-term options with distinct trade-offs.