Living cost in Budapest
March 24, 2020

Budapest is an amazing and interesting city to visit but also to live in. In fact, the living cost is pretty much low compare to the other capital in the world.  However, you need to be careful in this city the salaries are low, low like a full-time job for a basic job is 500 euros. Living in Hungary is not expensive if, of course, it depends on the lifestyle you choose.

The currency in Budapest and in Hungary is the Hungarian Forint written as “Ft” or HUF. Some international shops and real estate agencies might show you prices in Euro for your ease. Even though it’s not 100% accurate, and easy to remember rule is that 1000 HUF is rough, the equivalent of £3. In Budapest and in Hungary you can use banknotes 1000 HUF, 2000 HUF, 5000 HUF, 10,000 HUF, 20,000 HUF. You can also pay by coin ranging from 5 HUF to 200 HUF. Please remember that although most places accept international cards, it’s good to have some cash on you. There are many ATMs around Budapest, some of which dispenses EURO alongside the local currency.

 The present value of the Forint relative to the Euro is as follows: 1 € = 356 Hufle cost of living in Hungary and 45 % lower than in France for example. Local purchasing power is, however, much lower. So you have to pay attention to your budget even if you can still go to a restaurant or enjoy the city for cheap.

When it comes to the prices of everyday items or food, you have nothing to worry about. The food is at prices that are completely reasonable, the restaurants also (after that depends on the quality of the restaurant chosen). The only problem is the accommodation and the bills, especially if you want to find good quality and well-located apartment. As in any European capital will you say! That’s the only gap you can really find with the average wage and rent that can quickly be at the same price.

Budapest has a dense, comprehensive and efficient public transport network. The capital of Hungary is very well served by various means of transport and suitable for all budgets. Fully accessible, there are four: the bus, the tram, the trolley bus, and the metro. These solutions remain the cheapest but the least rapid.

You can use the same ticket you buy at subway stations, at the transit office, or at some newsstands, for all means of public transportation. For unlimited access, opt for the Budapest Card that you can buy online, in some metro stations, in airports, in hotels but also in the city centre. You can use the same ticket you buy at subway stations, at the transit office, or at some newsstands, for all means of public transportation. For unlimited access, opt for the Budapest Card that you can buy online, in some metro stations, in airports, in hotels but also in the city centre. The time range is quite wide since they work from 4.30 am to 11 pm but each line has its own schedule.

Overview of living costs examples.
One-bedroom apartment (outside of the city centre) 300€
One-bedroom apartment in the city centre 450€
Transport by public transport, 1 month 30€
Pint of beer 1,55€
One-way Ticket (Local Transport) 1€
Monthly Pass (Regular Price) 26€
Cinema ticket 5,5€

In the end, the city of Budapest is very pleasant to visit for a short stay but also very pleasant for a long stay. Thanks to its monuments, its various activities, and activities, Budapest is a city that we quickly fall in love with. You will not risk getting bored! If you are tempted, do not hesitate to check our job offer in Budapest HERE