Budapest Travel Expenses in 2024: An In-Depth Guide for Thrifty Travelers
Budapest, Hungary’s capital, has consistently been a sought-after location for adventurers looking for a combination of history, architecture, thermal baths, and lively nightlife—all at a lower price point than Western Europe. Having explored the city over three different decades, including a 17-day visit in October 2024, I’ve compiled an extensive summary of current travel expenses in Budapest. Whether you’re organizing a brief getaway or an extended visit, here’s what you can anticipate regarding costs in Hungary’s energetic capital.
Currency and Exchange Rates
Hungary continues to stand outside the Eurozone, utilizing the Hungarian forint (HUF) instead of the euro. This situation has benefitted travelers using U.S. dollars or euros, as the forint has depreciated over time. In 2012, the exchange rate was about 230 HUF per dollar; by 2024, it has risen to around 400 HUF per dollar. This advantageous exchange rate aids in balancing inflation across various sectors, making Budapest an excellent value destination for international visitors.
Transportation Expenses
Public transportation in Budapest is among the most economical options in Europe. A single metro ticket ranges from $1.15 to $1.80, but most locals and wise travelers prefer a monthly pass, costing only $23 and encompassing all trams, buses, and metro lines. Even if your stay is short, a 72-hour pass is available for under $14. The Budapest Card, which includes public transportation and discounts on attractions, is another option for those visiting for a short duration.
The metro system is efficient and features the historic Line 1—the oldest in continental Europe. Trams and buses are also dependable, and local trains for day trips are very reasonably priced. For instance, a round-trip to Szentendre costs approximately $2, while a longer journey to Eger is around $7.
Taxis are fairly priced, starting with a base fare of 1,100 HUF and 440 HUF per kilometer, meaning a 5 km trip will amount to about $8.25. Uber reestablished its service in Budapest in 2024 through a local taxi partnership, providing predictable fares and in-app payment options.
Accommodation Costs
Accommodation is where expenses have escalated the most in recent years. Although Budapest was previously a paradise for budget travelers, its increasing popularity and limited inventory have driven prices higher, especially during peak tourist times.
– Budget: Hostel dorm beds now fall between $22 and $50 in the off-season, and can soar to $80 in summer.
– Mid-Range: Apartment rentals through Airbnb or Booking.com generally range from $60 to $100 per night in colder months, increasing to $80 to $160 during peak season.
– Luxury: High-end hotels such as the Ritz-Carlton, W Budapest, and Anantara provide rooms for under €350 per night—still a steal compared to other European capitals.
If you plan a longer stay, consider options like HomeExchange.com to significantly cut accommodation costs.
Food and Beverage Costs
Grocery shopping in Budapest remains a cost-effective choice. A $55 grocery run can include meats, cheeses, bread, fruits, vegetables, and pantry essentials. Local markets and vegetable stalls offer even better bargains, with numerous items priced below $1 per pound.
Eating out, on the other hand, has become pricier. A casual meal at a burger place or Asian restaurant can be nearly as expensive as in Germany. A dinner for two at a mid-range eatery typically ranges from $30 to $50, with beverages being the most economical part of the meal.
Street food continues to be a fantastic deal. A traditional langos (fried dough with toppings) is about $3–$4, while pastries or sandwiches from bakeries usually cost $1–$3. Pizza by the slice is also readily available.
Hungarian wine is one of Europe’s best-kept secrets. Wine bars offer glasses for as low as $1.60 to $3.25, and bottles in stores start at just $2. Quality significantly improves in the $4–$8 range. Notable regions include Villány and Eger for reds, Lake Balaton for whites, and Tokaj for dessert wines.
Beer is also reasonably priced, ranging from $1.75 to $2.50 in bars. Local spirits like palinka have become pricier now, with prices from $1 to $5 depending on their quality.
Attractions and Entertainment
Budapest presents a diverse array of attractions, from historical churches to contemporary museums. Entrance fees vary:
– Museums: $10–$20
– Thermal Baths: Up to $50 at popular spots such as Szechenyi and Gellert
– Budget Baths: Under $10 at Palatinus on Margaret Island
– Churches and Monuments: $6–$11.25
The Budapest Card offers great value if you