FAQ: What Is Living In Budapest Like?

Is it good to live in Budapest?

Budapest, Hungary, is characterized by reasonably priced housing. According to our city rankings, this is a good place to live with high ratings in cost of living, business freedom and safety.

Is living in Budapest expensive?

The cost of living in Budapest Budapest is not all that cheap any longer. However, Budapest still has an almost 55% lower cost of living than New York City, USA. In general, a single person can live reasonably in Budapest for around 175,000 HUF per month, not including rent.

Is it worth moving to Budapest?

Yet, more and more foreigners discover that moving to Budapest is an excellent choice for their assignment abroad. The beautiful, historic center and the reasonable cost of living are just some of the reasons why expats choose to settle down in the Hungarian Capital.

Is moving to Hungary a good idea?

Hungary is not super cheap in every way, but the destination is a good value for people who want to live a good life for less in central Europe. Anyone moving to Budapest from a similarly sized city in Europe, North America, or Australia can easily cut their expenses in half thanks to a low cost of living in Hungary.

How do I settle in Budapest?

Fast facts on Buapest

1. Once going through the correct channels and authorities to gain Hungarian residency, the next step would be to secure a good job.
2. Open up an Hungarian bank account to ensure easy money matters.
3. Acquire a place to stay – Budapest has many apartments to choose from.

Where should I live in Budapest?

In Which District in Budapest Should You Live?

• District V (North): For the centre.
• District VII: For the party-goers.
• District XIII: For the sporty types.
• District I: For fine dining.
• District II: For families.
• District V (Inner City): For the fashionistas.

What is the average rent in Budapest?

Observing the data of the first quarter of this year, the average monthly rent for an apartment in Budapest is around 122,000 forints, which is 2824 forints per square meter. Rentingo.com has recently made a survey and found these prices in the Hungarian capital.

What is the minimum wage in Budapest?

As of 2021, the minimum salary in Budapest, Hungary is of 167400 HUF or roughly €466 euros per month gross for unskilled labor. The minimum wage for skilled workers is of 219,000 HUF or approximately €609. These salaries are valid not only for Budapest, but also nationwide.

How much is a meal in Budapest?

While meal prices in Budapest can vary, the average cost of food in Budapest is Ft5,688 per day. Based on the spending habits of previous travelers, when dining out an average meal in Budapest should cost around Ft2,275 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

What does it take to move to Hungary?

If You Are Coming From the US, Obtain Legal Residency and a Work Permit. Hungary is part of the Schengen visa area, and US citizens can stay up to 90 days without any entry visa. However, they can’t work or reside permanently without legal permits.

What do you need to move to Hungary?

Visa regulations for Hungary The citizens from the European Union countries do not need a visa for living and working in Hungary. If you are moving to Hungary from a non-EU country, you must obtain a visa. Most expats immigrating to Hungary apply for a student visa, investor visa or reunion visa.

Where do expats live in Budapest?

Most expats tend to live on the Buda side due to it being more peaceful, residential and offering many green spaces. Compared to other European cities, the rental costs in Budapest are relatively cheap. There are ten districts in Budapest with the first, second, fifth and twelfth districts being the most expensive.

Is Hungary a poor country?

Even though the country has a very high standard of living, many of its people live in poverty. Fewer people live in poverty in Hungary than the EU average. While the average number of people living below the poverty line in the EU is 17%, this number in Hungary is 14.6%.

Can foreigners buy property in Hungary?

In general yes, foreigners may own and occupy real estate and can hold shares in property owning companies, but acquisition of real property in Hungary by foreign (non-EU) legal and private persons is subject to the approval of the competent government agency, which is more of a formal administrative procedure.

Can I immigrate to Hungary?

Lawful immigration Hungary is one of the entry points for illegal migrants from the East. Therefore, lawful and correct immigration to Hungary is beyond important. Requirements for immigration stay for less than 90 days or more are various and need to be researched beforehand.