Cost of living comparison
compared to
Iceland vs. Hungary Cost of Living Summary
Iceland is 2.6 times more expensive than Hungary overall.
Iceland vs. Hungary Cost Breakdown
If you lived in Iceland instead of Hungary, you would:
pay 2.5 times more for restaurants
Hungary | Iceland | ||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant | $10.15 HUF3,153.69 | $26.52 ISK3,355 | |
| Fast food combo meal McDonalds, or similar | $8.05 HUF2,498.78 | $21.32 ISK2,696 | |
| Bottle of Coca-Cola (11 fl. oz) | $1.44 HUF446.00 | $3.11 ISK393 | |
| Bottle of water (11 fl. oz) | $1.11 HUF344.71 | $2.72 ISK344 | |
Hungary vs. Iceland - Cost of restaurants
pay 2.2 times more for groceries
Hungary | Iceland | ||
|---|---|---|---|
| Bread 1 loaf | $1.54 HUF479.15 | $3.80 ISK481 | |
| Local cheese (8 oz) | $4.49 HUF1,394.73 | $9.44 ISK1,194 | |
| Milk (1 gallon) | $4.17 HUF1,296.23 | $7.78 ISK984 | |
| Eggs 1 dozen | $2.86 HUF887.54 | $6.71 ISK849 | |
| Boneless chicken breast (1 lb) | $2.70 HUF837.68 | $11.22 ISK1,419 | |
| Apples (1 lb) | $0.79 HUF244.44 | $1.50 ISK189 | |
| Bananas (1 lb) | $0.88 HUF273.79 | $1.15 ISK145 | |
| Oranges (1 lb) | $0.91 HUF282.69 | $1.41 ISK179 | |
| Tomatoes (1 lb) | $1.40 HUF433.74 | $2.34 ISK296 | |
| Potatoes (1 lb) | $0.51 HUF158.61 | $1.65 ISK208 | |
| Onions (1 lb) | $0.55 HUF170.09 | $1.09 ISK138 | |
Hungary vs. Iceland - Cost of groceries
pay 2.1 times more for transportation
Hungary | Iceland | ||
|---|---|---|---|
| Gasoline (1 gallon) | $6.76 HUF2,100.04 | $9.65 ISK1,221 | |
| Monthly public transit pass | $25.12 HUF7,800.43 | $79.56 ISK10,064 | |
| New Volkswagen Golf 1.4 (standard edition) | $26,788.81 HUF8M | $49,144.25 ISK6M | |
| Taxi trip in downtown area (5 miles) | $13.43 HUF4,169.42 | $25.55 ISK3,232 | |
Hungary vs. Iceland - Cost of transportation
pay 3.7 times more for housing
Hungary | Iceland | ||
|---|---|---|---|
| Internet connection 50 mbps or faster, cable/dsl | $20.66 HUF6,416.62 | $95.65 ISK12,098 | |
| 1-Bedroom apartment in downtown area | $481.37 HUF150K | $2,289.17 ISK290K | |
| 1-Bedroom apartment outside city center | $376.75 HUF117K | $1,830.04 ISK231K | |
| Utilities for two (700 sq ft apartment) including electric, gas, water, heating | $111.14 HUF34,515.81 | $65.15 ISK8,241 | |
Hungary vs. Iceland - Cost of housing
pay 2.7 times more for childcare
Hungary | Iceland | ||
|---|---|---|---|
| Private preschool for 1 child, monthly | $310.81 HUF96,528.06 | $334.67 ISK42,332 | |
| Middle school for 1 child, two semesters | $7,229.50 HUF2M | $30,711.08 ISK4M | |
Hungary vs. Iceland - Cost of childcare
pay 2.7 times more for entertainment and sports
Hungary | Iceland | ||
|---|---|---|---|
| Domestic/local beer (1 pint) | $2.09 HUF649.66 | $11.14 ISK1,409 | |
| Cappuccino in mid-range area | $2.21 HUF687.25 | $5.62 ISK711 | |
| Pack of cigarettes Marlboro or similar | $6.97 HUF2,163.62 | $13.90 ISK1,758 | |
| Monthly membership at local gym | $49.15 HUF15,265.11 | $78.17 ISK9,888 | |
| Movie ticket to theater/cinema | $7.52 HUF2,335.84 | $16.75 ISK2,119 | |
Hungary vs. Iceland - Cost of entertainment and sports
pay 2.1 times more for clothing
Hungary | Iceland | ||
|---|---|---|---|
| Regular jeans Levi's brand | $76.50 HUF23,759.95 | $130.91 ISK16,558 | |
| Regular dress from H&M or similar store | $30.66 HUF9,521.38 | $61.83 ISK7,821 | |
| Running shoes Nike or Adidas | $79.51 HUF24,694.68 | $163.81 ISK20,721 | |
| Men's business shoes (leather) | $91.04 HUF28,273.57 | $237.31 ISK30,017 | |
Hungary vs. Iceland - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2026
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