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Retiring in Hungary | Expat Exchange
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Liberty Bridge in Budapest

Retire in Hungary

By Betsy Burlingame

Last updated on May 10, 2023

Summary: Retirees are attracted to Hungary for its low cost of living, vibrant culture, and stunning natural beauty. Hungary also offers a variety of activities and attractions for retirees, such as thermal baths, spas, and outdoor activities. The weather in Hungary is generally mild, with temperatures ranging from an average of 32°F in January to an average of 73°F in July.

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What is it like to retire in Hungary?

"Yes there is an active expat community in Hungary. The foreigners living in Hungary is growing by the year because some people are here for work but then stay much longer until they retire because they like the living circumstances in Hungary.In re," explained a retiree in Budapest.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What advice do overseas retirees have for others considering retiring abroad?

"Do your research. Ask questions and don't raise your expectations too high then you won't be disappointed. Don't cut all ties and commit until you tried it and you sure," said a retiree who moved to Budapest, Hungary.

"The consulate in your country is a great place to start with information about what paper work is necessary to remain in the country of your choice. It is important to be prepared and informed. If anyone needs real estate property advise please message me , I am happy to provide the help to make it easy to make a property purchase in Budapest," said one retiree in Budapest.

What are the most challenging aspects of retiring in Hungary?

"Nothing to mention which is very serious. Patience was required In Toronto at the Hungarian consulate when I was submitting my citizenship application. From the time I made the application in Toronto to the time I received the paperwork in Budapest it was a year. Mainly due to some inefficiencies in Toronto. Yes you have to have patience with the immigration office because you may have paper work, missing then have to return. Of course I did everything myself but there are great immigration lawyers in Budapest who can manage the process for you," remarked one retiree in Budapest.

"One of the most challenging aspects of retiring in Hungary is the language barrier. Many people in Hungary speak Hungarian, which can be difficult for those who do not speak the language. Additionally, the cost of living in Hungary is relatively high, making it difficult for retirees to make ends meet. Furthermore, the healthcare system in Hungary is not as advanced as in other countries, making it difficult for retirees to access the medical care they need. Finally, the cultural differences between Hungary and other countries can be difficult to adjust to, making it difficult for retirees to feel at home," said a retiree who moved to Hungary.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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What are the most rewarding aspects of retiring in Hungary?

"Just slowing down, enjoying very simply a café for a coffee and cake, walking everywhere, admiring the architecture, the arts and entertainment, so many cultural activities and of course the easy travel. We sold our car in Toronto and decided not to buy one here, so we found a great rental car company whenever we want to travel outside of Budapest," said one retiree in Budapest.

"One of the most rewarding aspects of retiring in Hungary is the opportunity to experience the country's rich culture and history. With its vibrant cities, stunning countryside, and diverse cultural heritage, Hungary offers retirees a unique and rewarding experience. Additionally, Hungary has a low cost of living, making it an attractive destination for retirees on a budget. The country also offers excellent healthcare and a wide range of leisure activities, making it an ideal place to enjoy a comfortable retirement," commented one retiree living in Hungary.

What are healthcare services like in Hungary?

We asked retirees if they have access to good medical care in Hungary. They wrote:

"Yes there is many choices . Private clinics, pay as you go. No Hungarian health care necessary or the public system health card required," remarked one retiree in Budapest.

"Healthcare services in Hungary are provided by both public and private institutions. The public healthcare system is funded by the government and provides free or low-cost services to citizens. Private healthcare services are also available, and are often more comprehensive than public services. In Hungary, healthcare is provided by a network of hospitals, clinics, and health centers. These facilities offer a range of services, including primary care, specialist care, and emergency services. In addition, Hungary has a number of specialized medical centers, such as cancer centers and rehabilitation centers. The quality of healthcare in Hungary is generally good, and the country has a well-developed system of medical research and education," said a retiree who moved to Hungary.

"I have medical coverage in the US but in Hungary I'm prepared to go to private providers and pay cash," said one retiree in Budapest.

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How do I meet people in Hungary?

When we asked people living in Hungary about club and activities where newcomers can meet others, they responded:

"Expats in Hungary often join clubs and activities such as language exchange groups, book clubs, and sports teams. Expats can also meet people by attending local events such as festivals, concerts, and art exhibitions. Additionally, many expats find it helpful to join online forums and social media groups related to their interests, as well as to attend networking events and meetups," said one retiree in Hungary.

"It really depends upon your personal needs. This is a quite rural place, the villagers quitely go about there everyday business. Gardening is a big thing, growing your own produce. A car is essential although there's a regular bus service to the bigger towns," commented one retiree living in Tarnazsadany, Hungary.

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What is life like in Hungary?

When we asked people living in Hungary what life is like and how people spend their time, they said:

"Living in Hungary as an expat or digital nomad can be a rewarding experience. The country offers a unique blend of culture, history, and modern amenities. Expats and digital nomads can enjoy the vibrant cities, stunning countryside, and friendly locals. The cost of living is relatively low, making it an attractive destination for those looking to stretch their budget. The country also offers excellent public transportation, making it easy to get around. With its rich cultural heritage, Hungary is a great place to explore and experience a different way of life," said a retiree who moved to Hungary.

"We are both retired out here,property is reasonably cheap,the expense of living here we find to be very economical. We have become friends with some of the locals.Work is not the be all and end all.It is a very healthy area, lovely clean fresh air. Family & socialising is a priority here. There are the thermal waters around and about," said one retiree in Tarnazsadany.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What do I need to know before retiring in Hungary?

When we asked people what advice they would give someone preparing to move to Hungary, they said:

"Stay clear of the public health system (there are good private alternatives). Stay clear of the police. Do not drink and drive. Enjoy the marvelous weather and the fresh produce," said a person in Budapest.

"Come with an open mind, there are problems of varying sorts throughout the world. Life is what you make of it, what you demand. We personally find it healthy and quite, much the opposite from where we came from.," remarked one retiree in Tarnazsadany.

"Expats considering retiring in Hungary should be aware of the cost of living, which is generally lower than in other European countries. It is important to research the healthcare system and the availability of medical services in the area they plan to live in. Expats should also familiarize themselves with the local language, as English is not widely spoken in Hungary. Additionally, it is important to understand the tax system and the regulations for obtaining a residence permit. Finally, expats should research the cultural norms and customs of Hungary to ensure a smooth transition into their new home," said a retiree who moved to Hungary.

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What type of recreational activities are there in Hungary?

"In Hungary, residents enjoy a variety of recreational facilities, such as parks, swimming pools, sports fields, and playgrounds. There are also many outdoor activities available, such as hiking, biking, and fishing. For those who prefer indoor activities, there are bowling alleys, movie theaters, and arcades. Additionally, Hungary is home to a number of cultural attractions, such as museums, galleries, and historic sites. Finally, Hungary is known for its thermal baths, which offer a relaxing and therapeutic experience," remarked one retiree in Hungary.

"The Buda hills are home to many hiking trails with beautiful lookout points. Budapest is also famous for it's many incredible thermal baths," explained one member in Budapest.

Where will I buy groceries and do other shopping in Hungary?

"People living in Hungary typically buy groceries from supermarkets, local markets, and convenience stores. Other shopping can be done at department stores, malls, and specialty shops. Online shopping is also becoming increasingly popular in Hungary," said one person who retired in Hungary.

"The main shopping spots are located in Pest's City Center. Vaci street is perhaps the most famous of these, which actually designated as a pedestrian precinct. The Great Market Hall in Budapest is the most beautiful and largest of all Budapest market halls," remarked one retiree in Budapest.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Liberty Bridge in Budapest

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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