Wise Logo
Wise (formerly TransferWise) is a trusted money transfer service used by millions of digital nomads worldwide.

Save on international money transfers.

Affiliate disclosure

Siófok, Hungary 🇭🇺
#1644 ,

Nomad Score: 63%

Essentials

🏙️ City Siófok is a popular tourist destination located on the southern shore of Lake Balaton, known for its beaches and vibrant nightlife.
👥 Population approx. 20,000 inhabitants
💻 Internet Speed average speed of 50 Mbps
💸 Currency & Banking Hungarian Forint (HUF): 1 EUR ≈ 400 HUF
🚰 Tap Water Drinkable
🔌 Power 230V, 50Hz, 🔌 Type C/F sockets
📶 SIM Card Local providers include Vodafone, Telenor, and Digi with good coverage.
💳 Banking for Expats Revolut, Wise, and local banks such as OTP Bank widely accepted.
🛌 Accommodation Find options on Airbnb and Booking.com, with many lakeside rentals.
💳 Cashless Friendly Yes, cards accepted widely at shops and restaurants.
🏠 Short Term Rentals Airbnb, Booking.com, and HomeAway offer short-term rentals throughout the city.
🛏️ Budget Accommodation Campsites and hostels like Zsófia Hostel offer budget stays.
🏙️ Best Area to Stay for Tourists The waterfront area along Balaton offers beautiful views and restaurants.
🏙️ Best Area to Stay for Digital Nomads The city center and near Lake Balaton for co-working spaces and cafes.

Working and Networking

🏢 Best Coworking Space BLOOM Coworking offers a vibrant space for remote workers.
Best Cafe for Work Cafe Eger is known for its strong WiFi and comfortable working environment.
💼 Networking Events Local meetups can be found via Facebook groups like Siófok Expats.
🥂 Social Events for Expats Expat community gatherings occur regularly, typically organized through social media.

Transportation

🚕 Best Taxi/Ride App Bolt is widely used for taxis in Siófok.
🚲 Bike/Scooter Rental BalatonBike offers bicycle rentals for exploring the lake.
🏖️ Best Beach Nearby Siófok Main Beach offers the best access with numerous amenities.
✈️ Top Regional Airline Wizz Air operates flights from Budapest to nearby airports.
✈️ Top International Airline Lufthansa and KLM operate connecting flights via Budapest.
🛣️ Highway Access M7 Motorway runs nearby, connecting to Budapest and other major cities.
🚉 Main Train/Transit Hub Siófok Train Station is the main hub, connecting regional routes.
🚍 Public Transport Passes Regional bus passes are available for travel around the lake and beyond.
✈️ Regional Travel Trains and buses connect Siófok with other cities around Lake Balaton.

Health and Wellness

🏥 Best Hospital Siófok Hospital provides general medical services.
🧘 Yoga & Wellness Centers Magyar Yoga offers classes focusing on wellness and relaxation.
🏋️ Gyms & Fitness Centers Fitness Siófok has various workout options and facilities.
🧺 Laundry Services Self-service laundry available at Coin Laundromat near the city center.

Food and Drink

📱 Best Food Delivery App Wolt and Foodpanda are popular for food delivery.
🍽️ Best Local Dish to Try Taste the lake fish dishes such as 'halászlé' (fisherman’s soup).
🍱 Vegan/Vegetarian Options The vegan-friendly restaurant Móka offers various plant-based dishes.
🍫 Best Dessert Spots Cukrászda Duna offers traditional Hungarian pastries.
🛒 Affordable Shopping Spots Local markets like Siófoki Piac feature fresh produce and artisanal foods.
🛒 E-commerce/Online Store Local online marketplaces like Vatera are popular.
🛒 Grocery Delivery Tesco and Lidl offer grocery delivery services through their apps.
🍸 Bar/Nightlife Area The waterfront area has multiple bars and clubs, especially in summer.
🍻 Local Brewery Siófok Brewery offers tours and tastings.
🍷 Wine Bars Borozó is noted for its selection of Hungarian wines.
🍲 Street Food Stalls Available mainly during summer festivals by the beach.
🍕 Popular International Cuisine Bistro 31 offers a variety of international dishes.

Culture and Attractions

🎟️ Must-See Landmarks The Siófok Water Tower is a notable landmark with great views.
🏛️ Museums & Art Venues The Kalman Imre Cultural Center hosts various art events.
🏰 Historical Sites The old Town Hall is an example of neo-renaissance architecture.
🕍 Religious Sites The Holy Cross Church is the main religious site to visit.
🎉 Annual Events Siófok hosts numerous summer festivals, including Balaton Sound.
🎨 Cultural Districts The waterfront area features vibrant life during tourist season.
🎭 Theater Venues The Siófok Theater schedules performances throughout the year.
🛍️ Local Markets Siófoki Piac is held weekly and offers local produce.
🎼 Music Scene Live music at various venues during the summer tourist season.
🎨 Street Art Street art can be found along the promenade area.
🧑‍🍳 Cooking Classes Local cooking classes can be booked at various cultural centers.
👩‍🎨 Art Galleries Local galleries feature works by Hungarian artists.
🕰️ Historic Buildings The Reformed Church is a significant historic building in the city.
🏴 Local Heritage Siófok’s history is reflected in its unique cultural festivals.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Nearby Lake Balaton offers scenic views and outdoor activities.
🏞️ National Parks Nearby Balaton-Felvidéki National Park is accessible within an hour.
🚲 Cycling/Walking Paths The lakeside paths are great for walking and cycling.
🌄 Scenic Viewpoints The view from the Siófok Water Tower is stunning.
🦉 Birdwatching Locations Siófok has several birdwatching spots along the lake.
🔥 Bonfire-Friendly Spots Designated areas around beaches allow for bonfires.

Other Services and Amenities

📦 Parcel Delivery Service DHL and local postal services available for parcel delivery.
🛠️ Tech Repair Services Local shops provide tech repair services at affordable prices.
🏓 Table Tennis Spots Community centers often have ping pong tables available.
🧑‍🏫 Language Classes Language schools offer Hungarian language courses for expats.
📚 Libraries & Study Spots Siófok City Library is a great spot to study.
🏘️ Community Centers The Siófok Cultural Center has various community activities.
🕹️ Gaming Lounges Local gaming cafes provide a social space for gamers.
🎰 Casino & Gaming Halls Casino Siófok offers gaming options and entertainment.

Business

🏢 Studio Purchase Price (City Center) Approx. €2,200 per m² (e.g., 40 m² = €88,000)
🏢 Studio Purchase Price (Outside City) Approx. €1,800 per m² (e.g., 40 m² = €72,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €2,600 per m² (e.g., 60 m² = €156,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,200 per m² (e.g., 60 m² = €132,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. €2,900 per m² (e.g., 80 m² = €232,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. €2,500 per m² (e.g., 80 m² = €200,000)
💼 Corporate Tax 9%
💵 Dividend Withholding Tax 15%
🏦 Tax System Progressive tax system with rates ranging from 15% to 22%.
📈 Highest Income Tax Bracket 15%
🧾 VAT 27%
🌐 Controlled Foreign Company (CFC) Rules Yes, strict rules in place.
🏠 Property Tax Annual tax based on property value.
🏠 Property Transaction Tax 2% standard rate.
💻 Attractive Tax System for Digital Nomads No special exemptions, but low effective corporate tax rates.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.