Hungary, Budapest Cost of Living April 2010

Country Full Name: Republic of Hungary.

Location: Hungary is in Central Europe, northwest of Romania.

Country Climate: Temperate; cold, cloudy, humid winters; warm summers.

Country Terrain: Mostly flat to rolling plains; hills and low mountains on the Slovakian border.

Major Languages: Hungarian.

Major Religions: Christianity.

Country Population: 10.0 million (2008 est.) 10.0 million (2009 est.).

Country Economy: 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.

Currency: Hungarian Forint (HUF).

Country Inflation: 6.1% (2008 est.) 4.5% (2009 est.).

City: Budapest is the capital of Hungary.

City Economy: As the largest city of Hungary, Budapest serves as the country’s principal political, cultural, commercial, industrial, and transportation center and is considered an important hub in Central Europe.

Cost of Living: Budapest has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Budapest is currently ranked 80 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Hungary, Budapest

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