Is life in Hungary expensive or cheap now? Here is the map answer
What you should know about the methodology in advance:
- The indices here are all measures suitable for New York, so in all cases New York is 100% and compared to other cities and countries. Then, if the value of renting a property in another city is 120%, it means that housing in that city is 20% more expensive than in New York.
- THE cost of living index a relative indicator of consumer product prices, including store, restaurant, transport, and overhead costs. This indicator does not include housing costs such as rent or mortgage. If a city’s cost of living index is 120%, Numbeo estimates the city is 20% more expensive than New York (not included in property rentals).
- THE rental index it also shows an estimate of property rents relative to New York. The food and restaurant index it works on a similar principle.
- THE cost of living and rent index by implication, the price of consumer products also includes rents compared to New York.
- THE local purchasing power and it shows the relative purchasing power of goods and services in a given city relative to the net salary in that city. For example, if the domestic purchasing power is 40, then the average-paying residents of that city can buy 60% less products on average than an average-paying New Yorker.
After all this, there’s one right here world mapwhich shows that for the most part, life is cheaper than in New York, but there are exceptionsand they are mainly in Europe. Because it’s there
on the list are the Bermuda archipelago, Switzerland and Norway, where life is even more expensive than New York.
Hungary ranks 81st on the 139th list with a value of 40.66.
And the cheapest countries are compared to New York Pakistan, Afghanistan and India.
Interesting: if we look at local purchasing power, then A Swiss, an Australian and an American citizen can buy more products and services in New York with an average salary out of your money.
If we filter only for Europe, we can see that Behind Norway and Switzerland, Denmark and Iceland are not too far from New York prices either, and overall, what has been known so far: life in Europe is more expensive than in the East.
Within Europe, therefore, the most expensive countries in terms of livelihood are Switzerland, Norway and Iceland, while the cheapest are Kosovo (disputed status), Moldova and Ukraine.
Hungary ranks 29th on the European 42nd list.
On the Numbeo site, city filtering is available, which shows that In Budapest, the cost of living index is 46.07, so the Hungarian capital is much cheaper than New York.
And if we look at the purchasing power, in Budapest it is only 52.75, so the average salary of the people here is half the average salary in New York, which is the average salary in New York in Budapest. Among the Hungarian cities, Pécs, Szeged and Debrecen are still on the list, but all with values below 50.
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