Cost of living in Hungary and general conditions
Hungary is located in Central Europe and is bordered by Slovakia, Ukraine, Austria, Serbia, Slovenia, Romania and Croatia. Hungary has a population of 9 million and 650 thousand people, and its official language is Hungarian. Hungary’s capital, Budapest, has a population of 1.7 million. Hungary is a party to many international treaties as it is a member of the World Trade Organization, the European Union, the Schengen area countries, the World Bank and …. Hungary enjoys a mild climate and stunning scenery represented in green pastures and beautiful mountains.
The Hungarian economy has witnessed remarkable growth in recent years and there are many business opportunities in this country; In addition, Hungary, due to its favorable geographical location, hosts many international companies. It is also very popular with businessmen because of its good tax policies, especially businessmen who wish to establish relations with European countries. The Hungarian currency is the forint (HUF), equivalent to 0.00379 euros.
Since the cost of living in Hungary is appropriate and reasonable, this country attracts the attention of many immigrants who want to come to Hungary through various ways. One of the least expensive ways to immigrate to Hungary is to study in Hungarian universities that cost low fees.
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Cost of renting a house in Hungary
The cost of living is one of the most important issues affecting the immigration decision; The main cost to immigrants to foreign countries is the issue of housing. Before estimating the cost of living in Hungary, it is necessary to study some economic reports and important indicators related to the prices of goods and services. Inflation is one of the most important price indicators that reflects changes in commodity prices in the fiscal year.
And according to the latest report for the month of June 2019, the inflation rate in Hungary reached 0.7%, which means that the prices of goods have remained constant over time, and this helps in more accurate financial planning for those wishing to immigrate to Hungary.
Although the issue of housing in the country of destination usually worries most immigrants, there is no need to worry about housing in Hungary because it is considered a cheap country in this regard. Many tourists are looking to travel to countries with reasonable accommodation prices; So due to the low cost of living in Hungary, especially housing costs, this country attracts a good number of tourists.
Costs of food, utilities, transportation and petty cash
Hungary attracts many tourists annually because of its cultural richness and its many tourist destinations, in addition to other advantages that have prompted an increasing demand for immigration and travel to this country, including: ideal economic conditions, appropriate geographical location, positive economic indicators, conditions Ideal for study and university education.
What interests tourists is the diversity of tastes and the quality of the food culture in the destination country, which leaves sweet memories in their minds and makes them re-visit the country.
Hence, the more elegant the restaurants are and the more delicious and varied foods are, the higher the number of tourists who are eager to visit the country. Hungarian restaurants, in addition to providing a variety of foods, are very affordable; The costs of food and basic necessities are also low in Hungary, which leads to an affordable and comfortable life for the population in this country.
Living costs in different Hungarian cities
Usually the costs vary in different cities of one country, and we see that the expenses of life in the capitals usually exceed the expenses in other cities. In the following, we will look at a comparison of Hungarian cities in terms of living expenses.
Living costs in Budapest
The average cost of living in Hungary and Budapest is about 1,700 euros for a family of four and about 509 euros on average, which is very reasonable. These favorable features have made Hungary an attractive destination for immigrants.
Cost of living in Debrecen
Debrecen is the second largest Hungarian city after Budapest and tourists who travel to eastern Hungary do not miss visiting this beautiful city because most of the tourist attractions of this city are registered in UNESCO, and its university is world famous. The average cost of living for a family of four in the city is about 1513 euros and the cost of living for an individual is only about 448 euros.
Cost of living in Szeged
Szeged is one of the largest cities in Hungary, which is located on the banks of the Tisa River. The city is also known as a center for the food industry; For a family of four, the cost of living in this city is about 1,485 euros, which is about 437 euros for a single person.
Income of various jobs in Hungary
Average income level which affects the quality of life in each country along with the cost of living. Hungary, like Germany and Austria, has a low unemployment rate, and due to the positive economic growth rate in recent years, many jobs have been created in the country, which has positively affected the Hungarian economy and the quality of life in this country.
Hungary’s economic growth rate for 2019 was about 1.1%:
Despite the occurrence of economic crises in recent years, the Hungarian economy has not stopped growing. The unemployment rate in the country for 2019 is around 3.3 percent, which is quite reasonable and given the low cost of living in Hungary, this country may be considered an attractive destination for the workforce.
The management sector receives the highest salaries in Hungary, as managers receive a salary of about 73,000 euros, which gives them the opportunity to save or invest part of it due to the low cost of living.
Important tips about accommodation in Hungary and the cost of living
Since the cost of living in Hungary is very low and the country is located in the Schengen area, immigrants can apply for a job in Hungary or the Schengen countries, which increases the chance of getting a job in countries such as Austria and Germany due to its proximity to Hungary. Hungary is also a suitable destination for investors due to the positive state of economic indicators in this country.