However, it is not unheard of for residents of Budapest to spend more than half their monthly salary on the combined cost of rent, mandatory household maintenance fees and utilities.Īfter accommodation, the next largest expense for most people in Hungary is food, which accounts for approximately a quarter of the average Hungarian resident’s monthly salary. Naturally, the cost of accommodation in Hungary will largely depend on the location, size and condition of the residence. This is especially the case for those living in urban areas, such as Budapest. The primary expense facing expats in Hungary is accommodation. However, as with anywhere, there are certain aspects of life that can be expensive and expats should adjust their budgets accordingly. In fact, the stunning capital, Budapest, was ranked 170th out of 209 cities in the Mercer Cost of Living Survey for 2020, making it far cheaper than the likes of London and Paris but more expensive than Sofia and Bucharest.Īnother plus is that expats tend to earn higher salaries than their Hungarian counterparts, which affords them a better quality of life. The cost of living in Hungary is much lower that of other European countries.
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