The average monthly salary of a teacher in Hungary is about 150,000 HUF (930 USD). You will not be able to save very much money teaching in Hungary, but you can enjoy a great European quality of life at a fraction of the cost of cities like Paris or London.
If you can, try to find an employer that provides accomodation. It is difficult to find reasonably priced apartments in Budapest. Expect to pay about half of your salary just for rent. Prices vary depending on location, but even a small apartment outside of downtown can cost 60,000 HUF (US$375 ) or more. Your best option will be to share a larger apartment with other teachers.
Eating out in Budapest is probably half or even a third the cost of other European capitals like Rome, Paris or London. Typical meals in good quality restaurants would cost around 2000-4000 HUF (US$12-24 ) and 400-600 HUF (US$2.50 – $4.00 ) for a local beer. Very good local wines can be bought for around 1000 HUF (US$6) at supermarkets. If you are teaching in a smaller city, costs will drop drastically.
A typical visit to the doctor will cost you about 300 HUF (2 USD) with the rest being paid by state insurance. Health insurance premiums are deducted from your salary. Having your teeth cleaned and polished will cost you 5000 HUF (US$31). Hungary is renowned for their inexpensive quality dental services.
TEFL English teaching job listings in Hungary
A general overview of what to expect teaching English in Hungary
Information on visa requirements to teach English in Hungary.
Interviews with English Teachers in Hungary
Hungary (Tourism Information Page)
Budapest, Hungary (Tourism Information Page)
Hungary News (Budapest Sun)
Hungary News (Expat Loop)
Hungary News (Budapest Times)
Hungary News (Budapest Week)