Cost of Living in Hungary

Cost of living

The price level of goods for everyday use is still well below that in Germany in some areas.

You would need around € 2,105.94 in Budapest to maintain the same standard of living that you could have in Berlin with € 3,700.00 (assuming you rent in the cities).

• Consumer prices in Budapest are 38.24% lower than in Berlin (excluding rent)
• Consumer prices in Budapest are 43.08% lower than in Berlin (including rent)
• Rental prices in Budapest are 53.86% lower than in Berlin
• Restaurant prices in Budapest are 41.39% lower than in Berlin
• Food prices in Budapest are 38.36% lower than in Berlin
• The local purchasing power in Budapest is 40.91% lower than in Berlin

Average cost of living Budapest (from 10/2019 – 09/2020)

Restaurant	Ø € Price	€ Price from / to
Food, price w. restaurant	5.52	3.59-9.65
Middle class, 3 courses for 2 people.	30.34	23.44-41.37
Local beer, 0.5 l	1.38	0.69-2.21
Imported beer, 0.33 l	1.65	1.10-2.48
cappuccino	1.34	0.55-2.34
Coca / Pepsi (0.33 l)	0.94	0.69 – 1.24
Water (0.33 l)	0.74	0.55-1.10
Food	Ø € Price	€ Price from / to
Milk (1 L)	0.67	0.52-0.83
White bread (500g)	0.71	0.41-1.10
Rice (white), (1kg)	1.07	0.66 – 1.80
Eggs (12)	1.55	0.99 – 1.99
Local cheese (1kg)	5.64	4.14-9.65
Chicken breast fillet (1kg)	4.19	3.31-5.52
Beef (1kg)	7.33	5.52-10.20
Apples (1kg)	1.31	0.83-1.65
Bananas (1kg)	1.26	1.10-1.38
Oranges (1kg)	1.45	0.83-2.21
Tomatoes (1kg)	1.58	0.83-2.48
Potatoes (1kg)	0.80	0.44-1.10
Onions (1kg)	0.83	0.55-1.13
Lettuce (1 head)	0.95	0.55-1.38
Water (1.5 l)	0.32	0.22-0.50
Bottle of wine (middle class)	4.14	2.76 – 6.89
Local beer (0.5 l)	0.73	0.58-0.97
Imported beer (0.33 l)	1.04	0.71-1.65

Average costs for local transport, utilities, clothing, leisure, education Budapest (from 10/2019 – 09/2020)

Mode of Transport	Ø € Price	€ Price from / to
One-time ticket	0.97	0.97 – 1.02
Monthly pass	26.20	26.20-27.58
Taxi base amount	1.93	1.93 – 2.07
Taxi 1 km	0.83	0.83-1.05
Ancillary housing costs	Ø € Price	€ Price from / to
for 85 sqm apartment (electricity, water, garbage, etc.	141.41	97.68-205.12
1 minute prepaid mobile tariff	0.08	0.05-0.10
Internet (60 Mbps or more, unlimited data, cable / ADSL)	13.09	9.65-22.06
Clothes, shoes	Ø € Price	€ Price from / to
Jeans (Levis 501 or similar)	57.79	22.06 -82.74
Summer dress (Zara, H&M,…	25.16	13.79-41.37
Nike sports shoes, middle class	65.60	41.37-96.53
Leather business shoes	77.04	49.64-110.32
leisure time	Ø € Price	€ Price from / to
Fitness center, month / adult	37.49	24.82-55.16
Tennis, 1 hour on weekends	12.08	8.27-16.55
a movie ticket	5.24	4.41 – 6.89
training	Ø € Price	€ Price from / to
Preschool / Kindergarten, private, whole day, monthly per child	278.03	206.84-551.58
International primary school per year and child	7,074.59	4,136.88 – 17,926.50

Average rental prices / purchase from Budapest (from 10/2019 – 09/2020)

Monthly rental price	Ø € Price	€ Price from / to
Apartment (1 bedroom) in the city center	452.95	386.11-551.58
Apartment (1 bedroom) outside the center	344.06	275.79-441.27
Apartment (3 bedrooms) in the city center	838.69	661.90 – 1,130.75
Apartment (3 bedrooms) outside the center	592.22	496.43-827.38
Purchase price of apartments	Ø € Price	€ Price from / to
Price per square meter for an apartment in the city – purchase	2,852.77	2,482.13-4,136.88
Price per square meter – apartment outside the center – purchase	1,866.81	1,654.75-2,482.13
wages	Ø € Price	€ Price from / to
Average monthly salary (after taxes)	764.72	–

Southern Hungary is becoming increasingly popular as an alternative retirement home

A significant increase in real estate acquisition by foreign EU citizens, especially by Germans and Swiss, can be seen in the southern Hungarian region of ‘Baranya’. The German language and the Mediterranean climate are by no means the only advantages that the Danube Swabia region to the left of the Danube in the far south of Hungary has to offer.

In addition to cheap real estate prices, the comparatively low cost of living in Hungary is particularly attractive. In addition, € uro holders currently benefit from the more than good exchange rate to the forint, which has an effect on site like an additional discount of 10-15 percent on purchases and services.

The German language is historically deeply rooted in the Baranya region. Since the middle of the 17th century, many settlers of German origin have settled here in the area, and (despite a difficult history) they still form a separate and recognized minority in Hungary today. The fact that you can communicate in your own mother tongue in a foreign country is of course a really great advantage that not many countries of emigration can offer. The Magyars are generally a hospitable people and have been an important partner and well-disposed towards the Germans for centuries.

Incidentally, the region’s infrastructure can be described as very well developed. The southernmost region in Hungary has been connected to the European motorway network with the new M6 / 60 Danube motorway since 2010. This not only ensures fast routes and connections in the region itself and to Budapest, but from 2018 also all the way to the Croatian Adriatic coast. In addition to the motorway, regular flight connections to Budapest also make it possible to travel from Western Europe within half a day, a clear time advantage compared to the alternatives Thailand and Co.

The region, with the city of Pécs as its center, is also well positioned with medical facilities, especially in the field of heart and dentistry. The wide and varied range of thermal and medicinal baths in Hungary in general must of course not be forgotten. And the topic of ‘affordable care in old age’, which is becoming increasingly important in Germany, can also be mentioned as being beneficial here in southern Hungary. Because the local nursing staff not only often speaks your language, it will also be affordable in the long term, which will relieve the financial leeway of many, less well-off people in the long term.

To put it bluntly, the Baranya in the south of Hungary has orderly, modern and, almost German, conditions. Also in the leisure sector there is a lot more and more on offer: fishing, hunting, hiking, water sports on the Danube, cycling routes, etc. In addition, according to current crime statistics, the region is one of the safest in Hungary according to a2zcamerablog.

If your interest in southern Hungary has now been aroused, mb Immobilien Südungarn could be a good and recommended contact point for you. The German brokerage office based in Töttös (neighboring town of the up-and-coming and agile small town of Bóly) has been proving itself to be a competent and serious contact person for buying a house in Hungary for years. In addition to a wide range of properties for almost every taste and budget, customers are actively and professionally supported from the first contact on the phone to the final entry in the land register of the property. Full transparency and a mutual trust relationship are the focus of mb Immobilien Südungarn.

Further services are the tried and tested transfer service, the individual property search, and much more. The current range of Hungarian farmhouses, Schwabenhöfen and other interesting properties as well as further information on the sun-kissed region ‘Baranya’ in the very south of Hungary can be found on the mb Immobilien website at http: //www.ungarn-immo. biz.