BudapestvsNew York
Overall
💰+92.3%
Budapest is 92.3%more expensive
Rent
🏠+185.7%
Housing is 185.7% higher
Dining
🍽️+122.2%
Restaurants 122.2% pricier
Groceries
🛒+108.3%
Food shopping 108.3% more
Comparing the cost of living between Budapest, Hungary and New York, United States reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Budapest is more expensive than New York by approximately 92.3%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.
Key Cost Differences
Housing costs in Budapest are lower than in New York by 65%. A one-bedroom apartment in Budapest's city center costs around HUF 200,000, while the same in New York is approximately $3,500.
Dining out in Budapest offers significant savings compared to New York. An inexpensive restaurant meal costs HUF 2,000 in Budapest versus $20 in New York.
Public transportation in Budapest is more expensive, with monthly passes at HUF 9,500 compared to $127 in New York.
Purchasing power in New York is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Budapest.
Grocery shopping in Budapest is more affordable by approximately 52%. Basic items like milk, bread, and eggs show lower prices across the board.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Budapest can expect to spend approximately HUF 94,600 per month (excluding rent), while in New York, the same lifestyle would cost around $779. For families, these figures increase significantly, with a family of four requiring about HUF 331,100 monthly in Budapest versus $2,727 in New York. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.
Detailed Cost Comparison
🏠 Housing Costs (Monthly Rent)
🍽️ Food & Dining
🛒 Groceries
🚌 Transportation
💡 Utilities & Internet
Tips for Moving Between Cities
For those considering a move from Budapest to New York, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from New York to Budapest requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.
Quality of Life Indices
Budapest
New York
Frequently Asked Questions
Is Budapest more expensive than New York?
Yes, Budapest is approximately 92.3% more expensive than New York overall. The biggest differences are in housing and restaurant prices.
How much salary do I need in Budapest compared to New York?
To maintain the same standard of living, you would need approximately 1.9x of your New York salary when living in Budapest. For example, if you earn $50,000 in New York, you'd need about $96,154 in Budapest for a comparable lifestyle.
What are the biggest cost differences between Budapest and New York?
The most significant cost difference is in housing. Rent prices differ by approximately 65%, making it a major factor in your budget planning. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
New York offers better purchasing power, making it more attractive for those earning in strong currencies. However, New York provides lower living costs, which benefits budget-conscious travelers. Consider Budapest if you prioritize cultural experiences, or New York for better value.
What's a reasonable monthly budget for Budapest vs New York?
In Budapest, a single person needs approximately HUF 234,600 per month (including rent), while a family of four requires about HUF 581,100. In New York, these figures are $3,279 for singles and $7,227 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Budapest and New York in 2025 shows significant differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.
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Find out how much you need to earn in New York to maintain your lifestyle from Budapest
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