International cost of living and hardship / quality of living data for 780 global locations.
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Budapest is the capital of Hungary. As the largest city of Hungary, Budapest serves as the country's principal political, cultural, commercial, industrial, and transportation centre and is considered an important hub in Central Europe.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 Budapest is 3.3 Million (Metro) (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%.
