Location Factors

Budapest

The location factor for Budapest (Hungary) is 0.68, based on local living costs.

This means a 12,342,903 Ft per year salary would roughly be compareable to €60,000 in Berlin (Germany).
If you would have to pay full taxes in Germany, this amount would rise to 15,428,628 Ft.

You can also start a calculation based on Budapest.

Name Budapest
🇭🇺
Hungary
Chosen Factor 0.68 0.86* 0.64 0.80*
Market Rates unavailable 0.23 0.29*
Consumer Price Index 0.68 0.86* 0.64 0.80*
Rent Index* 0.36 0.44* 0.35 0.44*
Consumer Price Plus Rent Index 0.60 0.74* 0.57 0.71*
Groceries Index 0.61 0.76* 0.61 0.76*
Restaurant Price Index* 0.63 0.78* 0.52 0.65*
Local Purchasing Power Index* 0.49 0.62* 0.42 0.52*
Buffer Location Bracket* C D or C
Currency Hungarian Forint (HUF)
Income Tax* 16%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on PayScaleEurostatNational Sources. Living costs based on Numbeo.