Hungary is in Central Europe, northwest of Romania. The climate is temperate with cold, cloudy and humid winters and warm summers. The official language is Hungarian. English or German are widely spoken in business circles. Employees of smaller and rural companies often do not speak English, in which case an interpreting service needs to be arranged. It is not expected that foreigners know any Hungarian words. The main religion is Christianity. The economy of Hungary is a medium-sized, structurally, politically and institutionally open economy in Central Europe and is part of the European Union's (EU) single market. Like most Eastern European economies, the economy of Hungary experienced market liberalisation in the early 1990s as part of the transition from socialist economy to market economy. In Hungary people tend to use their professional titles as well as with Mr, Mrs or Ms. Hungarians refer to themselves by their surnames followed by their given/first names. Expatriate business dress is formal and smart. The security risk for expatriates in Hungary is low. Risks include street crime (mainly in Budapest) such as pickpockets and scam artists, vehicle theft and burglary as well as Xenophobic behaviour mostly directed at the Roma community. The currency of Hungary is the Hungarian Forint (HUF). Medical facilities are adequate however the cost of treatment for expatriates from outside the EU can be high. The population of Hungary is 9.8 Million (2019 est.), while the inflation rate (CPI) is 2.9% for Hungary as at October 2019. Xpatulator Hypothetical Tax for Hungary is based on the current personal income tax rate which is a flat rate of 15%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Hungary is as follows: Hungary as at 1 October 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$600 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$890 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$104 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$18600 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1150 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$560 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$690 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$1650 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$325 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$420 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$320 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$490 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$820 Hungary is -24.4% cheaper than USA for groceries, -37.2% cheaper for household costs than UK, and 106.5% more expensive for transport costs than India. The hardship premium for Hungary for an expat from Australia, is for example 10%, i.e. host location (Hungary) premium of 20% minus home (Australia) location premium of 10%. Hungary is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Hungary? Register subscribe to your home location and Hungary and run your personalised reports.