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Cost of Living in Busan

IndexInfo
Cost of Living Index (Excl.Rent): 75.97
Rent Index: 20.24
Groceries Index: 85.57
Restaurants Index: 51.29
Cost of Living Plus Rent Index: 49.95
Local Purchasing Power: 114.76
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 7,055.37 ₩ 6,000.00-10,000.00
Meal for 2 People, Mid-range Restaurant, Three-course 54,000.00 ₩ 50,000.00-56,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 6,000.00 ₩ 5,000.00-6,800.00
Domestic Beer (1 pint draught) 2,425.90 ₩ 1,800.00-3,000.00
Imported Beer (11.2 oz small bottle) 4,851.79 ₩ 3,900.00-7,000.00
Cappuccino (regular) 5,000.00 ₩ 4,000.00-5,600.00
Coke/Pepsi (11.2 oz small bottle) 1,450.00 ₩ 1,000.00-1,900.00
Water (11.2 oz small bottle) 789.66 ₩ 587.95-1,000.00
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 9,679.40 ₩ 8,623.58-10,599.16
Loaf of Fresh White Bread (1 lb) 2,086.53 ₩ 1,814.37-2,267.96
Rice (white), (1 lb) 2,083.44 ₩ 2,041.17-2,125.72
Eggs (12) 3,034.52 ₩ 2,603.55-3,500.00
Local Cheese (1 lb) 12,885.80 ₩ 6,803.89-23,586.83
Chicken Breasts (Boneless, Skinless), (1 lb) 3,495.89 ₩ 2,267.96-4,723.81
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7,261.92 ₩ 6,495.24-8,028.59
Apples (1 lb) 3,585.80 ₩ 2,267.96-5,314.29
Banana (1 lb) 1,800.06 ₩ 1,771.43-1,814.37
Oranges (1 lb) 1,603.23 ₩ 1,180.95-1,814.37
Tomato (1 lb) 2,041.17 ₩ 1,814.37-2,267.96
Potato (1 lb) 1,527.63 ₩ 1,180.95-2,041.17
Onion (1 lb) 1,701.65 ₩ 907.19-2,721.56
Lettuce (1 head) 2,143.79 ₩ 1,731.36-2,500.00
Water (1.5 liter bottle) 1,950.00 ₩ 1,900.00-2,000.00
Bottle of Wine (Mid-Range) 17,000.00 ₩ 15,000.00-36,000.00
Domestic Beer (0.5 liter bottle) 1,850.00 ₩ 1,700.00-2,000.00
Imported Beer (11.2 oz small bottle) 5,133.33 ₩ 3,900.00-7,500.00
Pack of Cigarettes (Marlboro) 4,500.00 ₩ 4,500.00-4,700.00
Transportation [ Edit ] Avg.
One-way Ticket (Local Transport) 1,200.00 ₩ 1,200.00-1,300.00
Monthly Pass (Regular Price) 55,000.00 ₩ 55,000.00-55,000.00
Taxi Start (Normal Tariff) 2,800.00 ₩ 2,800.00-2,800.00
Taxi 1 mile (Normal Tariff) 4,345.23 ₩ 1,609.34-7,081.12
Taxi 1hour Waiting (Normal Tariff) 30,500.00 ₩ 30,000.00-31,000.00
Gasoline (1 gallon) 6,838.98 ₩ 5,299.58-9,463.53
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27,000,000.00 ₩
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 133,633.33 ₩ 100,000.00-156,400.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 140.00 ₩ 120.00-160.00
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 28,833.33 ₩ 22,500.00-34,000.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 67,500.00 ₩ 60,000.00-75,000.00
Tennis Court Rent (1 Hour on Weekend) 12,000.00 ₩
Cinema, International Release, 1 Seat 10,000.00 ₩ 9,000.00-11,000.00
Clothing And Shoes [ Edit ] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 85,000.00 ₩ 70,000.00-100,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 56,333.33 ₩ 40,000.00-79,000.00
1 Pair of Nike Running Shoes (Mid-Range) 115,333.33 ₩ 90,000.00-136,000.00
1 Pair of Men Leather Business Shoes 156,666.67 ₩ 70,000.00-250,000.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 666,666.67 ₩ 500,000.00-1,000,000.00
Apartment (1 bedroom) Outside of Centre 350,692.12 ₩ 300,000.00-400,000.00
Apartment (3 bedrooms) in City Centre 1,283,333.33 ₩ 1,000,000.00-1,600,000.00
Apartment (3 bedrooms) Outside of Centre 916,666.67 ₩ 600,000.00-1,250,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 625,872.07 ₩ 483,752.07-1,114,827.20
Price per Square Feet to Buy Apartment Outside of Centre 241,876.03 ₩ 241,876.03-241,876.03
Salaries And Financing [ Edit ] Avg.
Average Monthly Disposable Salary (Net After Tax) 2,469,868.75 ₩
Mortgage Interest Rate in Percentages (%), Yearly 4.85 4.00-6.00

Prices in Busan, South Korea

These data are based on 250 entries in the past 18 months from 38 different contributors.
Last update: June, 2016
Sources and References : Info
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Description:
Cost of living in Busan is 24.03% lower than in New York (Info)Our estimator (with default settings) estimate monthly expenses for a single person at 863.44$ (1,011,450.47₩) and for four person family at 3,178.37$ (3,723,218.92₩) (without rent).
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7 Comments so far

#James A. Kim on May 22, 2016 :
I think Price of Apartment outside of citycenter are deadly wrong.
Koreans often use Measurement
"Ping"
Which is Approximently 3.3M2.
I think Price per square meter based on that.

Here is my Prove.

Naver properties are Turila of korea. I brought down some listing.

http://m.land.naver.com/detail/detailInfo.nhn?cls=y&type=article&atclNo=1605046721

This 160M2 Apartment on Haeundae District(해운대구 in Korean)
Are listed about 380,000 USD Even it is located So Conciderd one of Prime Sub-Urban area.

Thanks
#Annette Edwards on Jun 30, 2015 :
I'm just wanting to know since I'm new to the site how much would it be for me to live in a villa or officetel in Pusan?
#busanese on Feb 02, 2015 :
I want to say you have a wrong information about the salary of Busan in South korea.

According to Kookje newspaper, the starting salary for a university graduate in Busan is KRW(Korea Won) 2,319,000.
(http://www.kookje.co.kr/news2011/asp/newsbody.asp?code=1700&key=20150123.22030184630)

So average salary in Busan is higher than KRW(Korea Won) 2,319,000.

http://thesawon.blogspot.kr/2014/09/korean-company-salary-structure-and.html

http://en.wikipedia.org/wiki/List_of_countries_by_average_wage
#James a. kim on Feb 01, 2015 :
outside of citycenter area
(Busaner's think city-center area is Dong distrist, jung distrist, Seomyeon in Busanjin District)
of busan's property price are extremly cheap.
except some special locations.. (Marine city / South side of centum city)
For example. Sa-ha districts NEW apartment price is (Hanyang su-jain) less than 6000usd for 3.3m2 and rent pice will be 500 usd for 3-bedroom apartment i persume.
depends on neighborhood and location guys.
Some slum-looking hillside neighborhood of busan located at Jung and Dong distrist's property price for square meter is almost same as Luxurious apartment complex in Marine city.
It dosen't mean people who live there are rich, but owner of land are...
People think all of the Haeundae district are great, but that's just illusion.
Except Marine city and South side of Centumcity,Banyeo - Jaesong - Bansong area of haeundae
district considerd one of the worst neighborhood in busan, and property price are cheap.
that neighborhood facing cemetary and small factories nearby...
and Haeundae New-city area which is first new town of busan built abou 20 years ago,
looks not that bad, but hosuing price are cheap as other areas of city.
so... what i'm trying to say was except some landmark apartment complex in Busan
(The sharp Central star/ Haeundae I-park / Doosan Zenith / Oryukdo sk-view/ dalmaji Hill state
and some centum-city apartments)
all of others are bad, just like others.
same for house too. Some house in Prestigious area of the city (like Neungpungjang in Dong district), Price of 3.3m2 goes up to 13000 - 19000 USD. But others? even it is located nearby citycenter, its about 4000-5000usd for 3.3m2.
and thats the reason why it's hard to type property price of busan.
Hope this is useful information to you guys.
#Gamil Noor on Jun 17, 2014 :
I love Busan,Korea tooooo much I worked before with GL Korea for 8 years with my all family in Haeyundea area beside the Talmaji.
Now I return back to home Aden,Yemen my all children stady in Busan int.n school before .
I would like to stay and get visa to stay lone time after I that Iwill buy house with my own money,
because I want to save my family in Korea after where is korean peoples v.v kindness , & I have too much Korean friends i miss them, Now I working In Yemen 1 month work & 1 month vacation,please could I got some information about that, before I have Korea ID and my all family,
I don"t have any claim or any case with police office or any place I am peace man with my family
Yours brothers aways Gamil A.M Yousef Noor
#MJ on Dec 23, 2013 :
Man, i got an offer just half as yours. Take it!
#samir chaudhari on Oct 30, 2013 :
i am getting an offer of 4000 USD and am staying single in busan keeping my family in my country (India). is the salary ok? how much is the expense for single person?