Cost of living comparison

Faroe Islands

compared to

Hungary

Budapest vs. Torshavn Cost of Living Summary

Budapest is 31.9% cheaper than Torshavn.

Restaurants: pay 45.5% less in Budapest
Groceries: pay 56.4% less in Budapest
Transportation: pay 0.6% more in Budapest
Housing: pay 23.9% less in Budapest
Childcare: pay 10.6% more in Budapest
Entertainment and Sports: pay 36.7% less in Budapest
Clothing: pay 36.0% less in Budapest

The cost of childcare and transportation in Budapest are more expensive than in Torshavn. Expenses including groceries, restaurants, entertainment and sports, clothing, and housing are lower in Budapest.

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Budapest vs. Torshavn Cost Breakdown

If you lived in Budapest instead of Torshavn, you would:

Display currency: USD

pay 45.5% less for restaurants

	Torshavn	Budapest
Basic meal with drink at inexpensive restaurant	$26.22 DKK175.58	$13.77 HUF4,515.51	-47.5%
Fast food combo meal McDonalds, or similar	$19.96 DKK133.67	$10.17 HUF3,336.46	-49.0%
Bottle of Coca-Cola (11 fl. oz)	$3.25 DKK21.73	$2.08 HUF683.14	-35.8%
Bottle of water (11 fl. oz)	$2.65 DKK17.73	$1.83 HUF599.66	-30.9%
Average			-45.5%

Torshavn vs. Budapest - Cost of restaurants

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pay 56.4% less for groceries

	Torshavn	Budapest
Bread 1 loaf	$4.94 DKK33.11	$1.80 HUF588.99	-63.7%
Local cheese (8 oz)	$8.24 DKK55.18	$5.57 HUF1,827.95	-32.3%
Milk (1 gallon)	$8.61 DKK57.63	$4.40 HUF1,441.46	-48.9%
Eggs 1 dozen	$6.35 DKK42.54	$3.88 HUF1,270.98	-39.0%
Boneless chicken breast (1 lb)	$6.46 DKK43.23	$3.10 HUF1,017.37	-51.9%
Apples (1 lb)	$1.83 DKK12.29	$0.85 HUF278.56	-53.7%
Bananas (1 lb)	$2.51 DKK16.84	$0.94 HUF307.39	-62.7%
Oranges (1 lb)	$2.72 DKK18.20	$1.06 HUF346.40	-61.1%
Tomatoes (1 lb)	$2.34 DKK15.70	$1.73 HUF566.38	-26.3%
Potatoes (1 lb)	$1.65 DKK11.07	$0.45 HUF146.64	-73.0%
Onions (1 lb)	$2.08 DKK13.96	$0.46 HUF149.63	-78.1%
Average			-56.4%

Torshavn vs. Budapest - Cost of groceries

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pay 0.6% more for transportation

	Torshavn	Budapest
Gasoline (1 gallon)	$6.59 DKK44.11	$7.07 HUF2,317.68	+7.3%
Monthly public transit pass	$29.96 DKK200.66	$27.54 HUF9,031.02	-8.1%
New Volkswagen Golf 1.4 (standard edition)	??	$29,374.56 HUF10M
Taxi trip in downtown area (5 miles)	??	$14.14 HUF4,635.93
Average			+0.6%

Torshavn vs. Budapest - Cost of transportation

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pay 23.9% less for housing

	Torshavn	Budapest
Internet connection 50 mbps or faster, cable/dsl	$89.88 DKK601.99	$23.57 HUF7,730.72	-73.8%
1-Bedroom apartment in downtown area	$1,084.60 DKK7,264.01	$817.66 HUF268K	-24.6%
1-Bedroom apartment outside city center	$892.85 DKK5,979.77	$631.44 HUF207K	-29.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$98.04 DKK656.64	$132.77 HUF43,540.93	+35.4%
Average			-23.9%

Torshavn vs. Budapest - Cost of housing

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pay 10.6% more for childcare

	Torshavn	Budapest
Private preschool for 1 child, monthly	$488.12 DKK3,269.14	$539.65 HUF177K	+10.6%
Middle school for 1 child, two semesters	??	$16,674.34 HUF5M
Average			+10.6%

Torshavn vs. Budapest - Cost of childcare

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pay 36.7% less for entertainment and sports

	Torshavn	Budapest
Domestic/local beer (1 pint)	$9.48 DKK63.52	$3.67 HUF1,204.14	-61.3%
Cappuccino in mid-range area	$6.91 DKK46.25	$3.35 HUF1,097.08	-51.6%
Pack of cigarettes Marlboro or similar	$11.24 DKK75.25	$7.96 HUF2,608.96	-29.2%
Monthly membership at local gym	$55.13 DKK369.22	$67.07 HUF21,995.56	+21.7%
Movie ticket to theater/cinema	$16.10 DKK107.86	$9.33 HUF3,060.51	-42.0%
Average			-36.7%

Torshavn vs. Budapest - Cost of entertainment and sports

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pay 36.0% less for clothing

	Torshavn	Budapest
Regular jeans Levi's brand	$140.41 DKK940.36	$100.01 HUF32,796.87	-28.8%
Regular dress from H&M or similar store	$59.92 DKK401.33	$42.98 HUF14,093.97	-28.3%
Running shoes Nike or Adidas	$166.66 DKK1,116.19	$113.36 HUF37,175.32	-32.0%
Men's business shoes (leather)	$244.68 DKK1,638.75	$118.19 HUF38,758.14	-51.7%
Average			-36.0%

Torshavn vs. Budapest - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

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