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Expat Exchange - Cost of Living in Balaton Lake Region 2024
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Cost of Living in Balaton Lake Region

By Joshua Wood, LPC

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Summary: Understanding the the cost of living in Balaton Lake Region helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Category Cost
Apartment Rentals
  • 1-bedroom apartment in city center: $300 - $500 per month
  • 1-bedroom apartment outside city center: $200 - $350 per month
  • 3-bedroom apartment in city center: $500 - $800 per month
  • 3-bedroom apartment outside city center: $400 - $600 per month
Apartment Purchases
  • Price per square meter in city center: $1,000 - $1,500
  • Price per square meter outside city center: $700 - $1,000
Transportation
  • One-way local transport ticket: $1.20
  • Monthly local transport pass: $30 - $40
  • Taxi starting tariff: $1.50
  • Taxi per kilometer: $1.00 - $1.50
  • Gasoline (1 liter): $1.30 - $1.50
Groceries
  • Milk (1 liter): $0.80 - $1.00
  • Bread (500g): $0.60 - $1.00
  • Rice (1kg): $1.00 - $2.00
  • Eggs (12): $1.50 - $2.50
  • Chicken breasts (1kg): $4.00 - $6.00
  • Beef round (1kg): $6.00 - $10.00
  • Apples (1kg): $1.00 - $2.00
  • Tomatoes (1kg): $1.00 - $2.00
  • Potatoes (1kg): $0.50 - $1.00
  • Water (1.5-liter bottle): $0.50 - $1.00
  • Domestic beer (0.5-liter bottle): $0.80 - $1.50
  • Imported beer (0.33-liter bottle): $1.00 - $2.00
  • Cigarettes (Marlboro): $4.00 - $5.00
Restaurants
  • Meal at an inexpensive restaurant: $5.00 - $10.00
  • Meal for two at a mid-range restaurant: $30.00 - $50.00
  • Domestic beer (0.5-liter draught): $1.50 - $2.50
  • Imported beer (0.33-liter bottle): $2.00 - $3.50
  • Cappuccino: $1.50 - $2.50
  • Coke/Pepsi (0.33-liter bottle): $1.00 - $1.50
  • Water (0.33-liter bottle): $0.50 - $1.00
Utilities
  • Basic utilities (electricity, heating, cooling, water, garbage) for an 85m2 apartment: $100 - $200 per month
  • Internet (60 Mbps or more, unlimited data, cable/ADSL): $20 - $30 per month
Private School Tuition
  • Preschool: $2,000 - $4,000 per year
  • Elementary School: $3,000 - $6,000 per year
  • Middle School: $4,000 - $8,000 per year
  • High School: $5,000 - $10,000 per year
Please note that these costs are approximate and can vary depending on the specific location within the Balaton Lake Region and individual preferences. It is always recommended to research and compare prices in the area you plan to live in.

Monthly Budget for Retirees in Balaton Lake Region

"The cost of living in the Balaton Lake Region of Hungary is considered to be relatively affordable compared to other European destinations. Housing costs are moderate, with a variety of options available from apartments to detached houses, all at reasonable prices. Utility bills such as electricity, water, and gas are also quite affordable.When it comes to food, local markets offer fresh produce at lower prices, while supermarkets provide a wider range of goods at slightly higher costs. Eating out at restaurants is also reasonably priced, with a variety of options to suit different budgets.Transportation costs are also quite low, especially if you use public transportation. However, owning and maintaining a car can be more expensive due to the cost of petrol and car maintenance.Healthcare in the Balaton Lake Region is of a good standard and is relatively inexpensive, especially if you are covered by the national health insurance. However, private healthcare can be more costly.Overall, the cost of living in the Balaton Lake Region is quite manageable, making it an attractive destination for both locals and expats," said one expat living in Balaton Lake Region.

Can I live in Balaton Lake Region on $1,500 a month?

"I've been living in the Balaton Lake Region in Hungary for a while now, and I can tell you that it's definitely possible to live comfortably on $1,500 a month, but you'll have to make some sacrifices and be smart about your choices. First, you'll want to avoid the more expensive neighborhoods like Balatonfüred and Tihany, as they are popular tourist destinations and the cost of living is higher there. Instead, consider more affordable areas like Keszthely, Balatonalmádi, or Siófok. These towns still offer a good quality of life and are close to the lake, but the cost of living is more reasonable.When it comes to housing, you'll want to look for smaller apartments or houses, as they will be more affordable. You can find decent one or two-bedroom apartments for around $400-$600 a month. Keep in mind that utilities and internet will add to your monthly expenses, so make sure to factor that in when choosing a place to live.As for transportation, owning a car can be quite expensive due to fuel costs and maintenance. Instead, consider using public transportation, which is quite reliable and affordable in Hungary. Buses and trains can take you to most places around the lake and to nearby cities like Budapest. If you do need a car occasionally, there are car-sharing services available.When it comes to food, eating out can be quite affordable in Hungary, especially if you stick to local restaurants and avoid touristy areas. However, cooking at home will save you even more money. Local markets and grocery stores offer a good selection of fresh produce and other essentials at reasonable prices. If you're a fan of wine, you're in luck, as the Balaton region is known for its vineyards and you can find good quality local wines at affordable prices.Entertainment and leisure activities can also be quite affordable if you choose wisely. There are plenty of outdoor activities to enjoy around the lake, such as swimming, hiking, and cycling, which are all low-cost or free. There are also cultural events and festivals throughout the year, many of which are free or have a low entrance fee.In summary, living on $1,500 a month in the Balaton Lake Region is possible, but you'll need to be mindful of your spending and make some sacrifices. By choosing a more affordable neighborhood, opting for public transportation, cooking at home, and enjoying low-cost or free activities, you can live comfortably and enjoy all that this beautiful region has to offer," commented an expat living in Balaton Lake Region.

Can I live in Balaton Lake Region on $3,500 a month?

"I've been living in the Balaton Lake Region for a few years now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, even if you're used to modern amenities. However, you might have to make some sacrifices and be smart about where you choose to live.First, let me tell you about some affordable neighborhoods that you should consider. Keszthely and Balatonfüred are two towns that offer a good balance between affordability and access to modern amenities. Both towns have supermarkets, restaurants, and other conveniences, and they're located right on the lake, so you'll have easy access to the beautiful scenery and outdoor activities that the region has to offer.On the other hand, there are some more expensive neighborhoods that you might want to avoid if you're trying to stick to a $3,000 a month budget. Siofok, for example, is a popular tourist destination and can be quite pricey, especially during the summer months. Tihany is another beautiful but expensive area, known for its historic abbey and stunning views of the lake.As for sacrifices, you might have to make some adjustments to your lifestyle in order to make your budget work. For example, you might need to cook more meals at home instead of eating out, as restaurant prices can be quite high, especially in the more touristy areas. You might also need to be more conscious of your utility usage, as electricity and gas prices can be higher than what you're used to.Another thing to consider is transportation. While public transportation is available in the region, it might not be as frequent or convenient as you're used to. You might want to invest in a car, which will add to your monthly expenses, or consider living in a more central location where you can walk or bike to most places.Overall, living in the Balaton Lake Region on a $3,000 a month budget is definitely doable, but you'll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing an affordable neighborhood and being conscious of your expenses, you can enjoy a comfortable life in this beautiful part of Hungary," said one expat living in Balaton Lake Region.

Can I live in Balaton Lake Region on $5,000 a month?

"I've been living in the Balaton Lake Region for a few years now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, even if you're used to modern amenities. Of course, you might have to make some sacrifices, but overall, it's a great place to live.First, let's talk about housing. There are some more expensive neighborhoods around the lake, like Balatonfüred and Tihany, where you might find it difficult to find a place within your budget. However, there are plenty of more affordable options in towns like Keszthely, Siófok, and Balatonalmádi. I personally live in Keszthely, and I've found it to be a great balance between affordability and access to modern amenities.As for transportation, owning a car is definitely helpful, but public transportation is also quite good in the region. Trains and buses connect most towns around the lake, and they're relatively inexpensive. I usually use my car for daily errands and rely on public transportation for longer trips.When it comes to groceries and dining out, you'll find that prices are generally lower than in Western Europe or the US. There are plenty of supermarkets and local markets where you can find fresh produce and other essentials at reasonable prices. Dining out can be quite affordable too, especially if you stick to local Hungarian cuisine.One sacrifice you might have to make is in terms of entertainment and shopping. While there are some shopping centers and movie theaters in the larger towns, you won't find the same variety of options as in a big city. However, the natural beauty of the region and the many outdoor activities available more than make up for it, in my opinion.In terms of healthcare, there are hospitals and clinics in the larger towns, and the quality of care is generally good. However, you might find that some doctors and medical staff don't speak English, so it's helpful to learn some basic Hungarian or have a local friend who can help with translation.Overall, I think it's definitely possible to live comfortably on $5,000 a month in the Balaton Lake Region. You might have to make some adjustments and sacrifices, but the beautiful surroundings and relaxed lifestyle make it well worth it," commented an expat living in Balaton Lake Region.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


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