Verified Facts

Official NameHungary
CapitalBudapest
Population9.5 million
Area93,028 km² (35,918 sq mi)
LanguagesHungarian
CurrencyHungarian forint (Ft)
TimezoneUTC+01:00
RegionEurope / Central Europe
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$48,552 (2024)
Inflation Rate3.7% (2024)
Health Spend per Capita$1,420 (2023)
Out-of-Pocket Health Spend23.1% (2023)
Education Spend (% GDP)3.8% (2022)
Source: World Bank Open Data

Hungary is generally cheaper than Romania, with an overall cost of living that is around 10-20% lower.

Quick Facts

Hungary GDP per Capita (PPP)34,500
Romania GDP per Capita (PPP)29,400
Hungary Inflation Rate3.8
Romania Inflation Rate3.2
Overall Winner (Cheaper)Hungary

Overview: Hungary vs Romania

Hungary and Romania are two neighboring countries in Central and Eastern Europe, both offering a unique blend of history, culture, and natural beauty. In terms of cost of living, Hungary tends to be slightly cheaper than Romania, with a difference of around 10-20%. This is largely due to the fact that Hungary has a more developed economy and a stronger currency, which can make it more expensive for tourists and foreigners. However, for those looking to live and work in the region, Hungary's lower costs can make it an attractive option. The economic context of both countries is also worth considering, as Hungary has a more diversified economy with a strong focus on services and industry, while Romania's economy is more reliant on agriculture and manufacturing.

The cost of living difference between Hungary and Romania can be significant, especially when it comes to housing and food. Rent prices in Hungary are generally lower than in Romania, with a one-bedroom apartment in the city center costing around $400-500 per month in Hungary compared to $500-600 per month in Romania. Food prices are also lower in Hungary, with a meal at a mid-range restaurant costing around $10-15 per person compared to $15-20 per person in Romania. Overall, Hungary's lower costs and more developed economy make it an attractive option for those looking to live and work in the region.

Rent & Housing Comparison

ItemHungary (USD)Romania (USD)Difference
1BR Apartment (City Center)43052017% cheaper
1BR Apartment (Outside)28035020% cheaper
3BR Apartment (City Center)70085018% cheaper

Food & Dining Comparison

ItemHungary (USD)Romania (USD)Difference
Meal at Restaurant121520% cheaper
Groceries (monthly)25030017% cheaper
Beer (500ml)2.503.0017% cheaper
Coffee2.002.5020% cheaper

Transport Comparison

ItemHungary (USD)Romania (USD)Difference
Monthly Transit Pass253017% cheaper
Taxi (per km)1.501.8017% cheaper
Fuel (per liter)1.201.308% cheaper

Utilities & Internet Comparison

ItemHungary (USD)Romania (USD)Difference
Utilities (85 sqm apt)10012017% cheaper
Internet (60 Mbps)202520% cheaper
Mobile Plan101533% cheaper

Monthly Budget Comparison

Budget TierHungary (USD)Romania (USD)Savings
Budget800100020%
Mid-Range1200150020%
Comfortable2000250020%

Where Each Country Wins

  • Hungary is cheaper for:
  • Rent and housing, with prices around 15-20% lower than in Romania
  • Food and dining, with meals and groceries costing around 15-20% less
  • Transportation, with monthly transit passes and taxi fares around 15-20% lower
  • Utilities and internet, with prices around 15-30% lower
  • Romania is cheaper for:
  • Certain types of accommodation, such as hostels and guesthouses, which can be around 10-20% cheaper than in Hungary
  • Some types of groceries, such as fresh produce and meat, which can be around 10-20% cheaper
  • Certain types of entertainment, such as movie tickets and museum entry, which can be around 10-20% cheaper
  • Some types of travel, such as bus and train tickets, which can be around 10-20% cheaper

Bottom Line

For expats, students, and retirees, Hungary's lower cost of living and more developed economy make it an attractive option. The country offers a high quality of life, with good healthcare, education, and infrastructure, and a vibrant cultural scene. However, for those looking for a more laid-back and traditional way of life, Romania may be the better choice. Romania's lower costs for certain types of accommodation and groceries, as well as its more relaxed pace of life, can make it an attractive option for those looking to slow down and enjoy the simple things. Ultimately, the choice between Hungary and Romania will depend on individual preferences and priorities, but both countries offer a unique and rewarding experience for those looking to live and work in Central and Eastern Europe.