Budapest vs Izmir
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Budapest vs Izmir
Izmir is 39% more affordable for homebuyers. Budapest has a price-to-income ratio of 8.5x compared to 7.2x in Izmir.
| Metric | Budapest | Izmir |
|---|---|---|
| Avg Home Price | $180,000 | $110,000 |
| Price / sqm | $3,200 | $1,800 |
| Rent (1BR) | $650/mo | $400/mo |
| Rent (3BR) | $1,100/mo | $700/mo |
| Price-to-Income | 8.5x | 7.2x |
| Mortgage Rate | 8.2% | 42.0% |
| 1yr Change | +5.8% | +30.0% |
| Median Income | $21,000/yr | $15,000/yr |
| Population | 1,800,000 | 4,400,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Budapest or Izmir more expensive?
Izmir is more affordable. Home prices differ by $70,000 (39%).
Which city has cheaper rent, Budapest or Izmir?
Rent for a 1BR in Budapest is $650/mo vs $400/mo in Izmir.
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