What is the cost of living in Budapest

Budapest, the capital city of Hungary, is a vibrant and beautiful destination that attracts tourists and expatriates from around the world. Apart from its rich history and stunning architecture, one of the factors that make Budapest an appealing place to live is its affordable cost of living. In this article, we will delve into the various aspects that contribute to the cost of living in Budapest.

Housing is a significant expense for any individual or family. The good news is that property prices in Budapest are relatively low compared to other European capitals. The average monthly rent for a one-bedroom apartment in the city center can range from 150,000 to 200,000 Hungarian Forints (around $500 to $650), while outside the center it can go down to approximately 100,000 to 150,000 Hungarian Forints ($330 to $500). Buying an apartment is also relatively affordable, with prices ranging from 500,000 Hungarian Forints per square meter ($1,650) for older properties to 800,000 Hungarian Forints per square meter ($2,640) for newer, more central locations.

When it comes to transportation, Budapest offers an extensive public transportation network at affordable prices. A monthly pass for unlimited travel on buses, trams, and metros costs around 9,500 Hungarian Forints ($31), while a single ticket costs approximately 350 Hungarian Forints ($1.15). Taxis are also reasonably priced, with a starting fare of around 700 Hungarian Forints ($2.30) and an additional fare of roughly 280 Hungarian Forints per kilometer ($0.92).

Food and groceries in Budapest are generally cheaper compared to Western European cities. A meal at an inexpensive restaurant can cost around 1,500 Hungarian Forints ($5), while a three-course meal for two at a mid-range restaurant can range from 7,000 to 10,000 Hungarian Forints ($23 to $33). Supermarkets offer a variety of affordable options, with the cost of basic groceries being relatively low. A loaf of bread might cost around 300 Hungarian Forints ($1), and a liter of milk around 200 Hungarian Forints ($0.65).

Utilities in Budapest are reasonably priced as well. The average monthly cost for basic services such as electricity, heating, cooling, water, and garbage for a 85-square-meter apartment is approximately 50,000 Hungarian Forints ($165). Internet and mobile phone plans are also affordable, with prices starting at around 4,500 Hungarian Forints ($15) for a basic package.

Healthcare in Budapest is known for its high quality and affordable prices. The cost of medical consultations and treatments are significantly lower compared to many other countries. The National Health Insurance covers a substantial part of medical expenses for Hungarian citizens and residents, contributing to the overall affordability of healthcare services.

In conclusion, Budapest offers a relatively low cost of living compared to many other European capitals. Affordable housing options, reasonable transportation costs, inexpensive food and groceries, and affordable utilities contribute to the overall affordability of the city. Moreover, with its rich culture, stunning architecture, and numerous recreational activities, Budapest offers an excellent quality of life at a reasonable price.