Cost of Living Comparison Between Madrid and Seoul 
| Indices Difference |  |
|---|---|
| Consumer Prices in Seoul are 31.1% higher than in Madrid (without rent) | |
| Consumer Prices Including Rent in Seoul are 15.5% higher than in Madrid | |
| Rent Prices in Seoul are 12.3% lower than in Madrid | |
| Restaurant Prices in Seoul are 26.3% lower than in Madrid | |
| Groceries Prices in Seoul are 81.6% higher than in Madrid | |
| Local Purchasing Power in Seoul is 4.2% lower than in Madrid | |
Restaurants | Madrid Edit |
Seoul Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
14.00 € (20,443.26 ₩) |
7.53 € (11,000.00 ₩) |
-46.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 € (87,613.96 ₩) |
47.94 € (70,000.00 ₩) |
-20.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
9.03 € (13,178.60 ₩) |
5.48 € (8,000.00 ₩) |
-39.3 % |
| Domestic Beer (1 pint draught) |
3.50 € (5,110.81 ₩) |
3.42 € (5,000.00 ₩) |
-2.2 % |
| Imported Beer (12 oz small bottle) |
3.50 € (5,110.81 ₩) |
4.79 € (7,000.00 ₩) |
+37.0 % |
| Cappuccino (regular) |
2.37 € (3,454.59 ₩) |
3.59 € (5,235.03 ₩) |
+51.5 % |
| Coke/Pepsi (12 oz small bottle) |
2.42 € (3,536.38 ₩) |
1.45 € (2,112.36 ₩) |
-40.3 % |
| Water (12 oz small bottle) |
1.57 € (2,298.04 ₩) |
0.76 € (1,108.92 ₩) |
-51.7 % |
Markets | Madrid Edit |
Seoul Edit | |
| Milk (regular), (1 gallon) |
4.02 € (5,864.50 ₩) |
7.61 € (11,119.03 ₩) |
+89.6 % |
| Loaf of Fresh White Bread (1 lb) |
1.38 € (2,010.60 ₩) |
2.59 € (3,779.90 ₩) |
+88.0 % |
| Rice (white), (1 lb) |
0.66 € (964.52 ₩) |
1.44 € (2,107.64 ₩) |
+118.5 % |
| Eggs (regular) (12) |
2.77 € (4,051.79 ₩) |
3.07 € (4,478.07 ₩) |
+10.5 % |
| Local Cheese (1 lb) |
6.06 € (8,847.87 ₩) |
5.00 € (7,298.84 ₩) |
-17.5 % |
| Chicken Fillets (1 lb) |
3.46 € (5,053.95 ₩) |
4.34 € (6,335.15 ₩) |
+25.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.33 € (9,237.29 ₩) |
16.06 € (23,449.70 ₩) |
+153.9 % |
| Apples (1 lb) |
1.02 € (1,490.54 ₩) |
2.84 € (4,152.23 ₩) |
+178.6 % |
| Banana (1 lb) |
0.82 € (1,196.57 ₩) |
1.49 € (2,171.05 ₩) |
+81.4 % |
| Oranges (1 lb) |
0.80 € (1,170.58 ₩) |
2.42 € (3,535.12 ₩) |
+202.0 % |
| Tomato (1 lb) |
1.04 € (1,514.75 ₩) |
2.56 € (3,731.55 ₩) |
+146.3 % |
| Potato (1 lb) |
0.64 € (938.15 ₩) |
1.77 € (2,591.20 ₩) |
+176.2 % |
| Onion (1 lb) |
0.69 € (1,003.32 ₩) |
1.33 € (1,942.72 ₩) |
+93.6 % |
| Lettuce (1 head) |
1.20 € (1,746.87 ₩) |
2.27 € (3,315.74 ₩) |
+89.8 % |
| Water (1.5 liter bottle) |
0.87 € (1,274.73 ₩) |
1.05 € (1,526.51 ₩) |
+19.8 % |
| Bottle of Wine (Mid-Range) |
6.00 € (8,761.40 ₩) |
17.12 € (25,000.00 ₩) |
+185.3 % |
| Domestic Beer (0.5 liter bottle) |
1.22 € (1,778.33 ₩) |
2.41 € (3,524.62 ₩) |
+98.2 % |
| Imported Beer (12 oz small bottle) |
1.76 € (2,563.58 ₩) |
2.65 € (3,876.22 ₩) |
+51.2 % |
| Cigarettes 20 Pack (Marlboro) |
5.65 € (8,250.31 ₩) |
3.08 € (4,500.00 ₩) |
-45.5 % |
Transportation | Madrid Edit |
Seoul Edit | |
| One-way Ticket (Local Transport) |
1.50 € (2,190.35 ₩) |
0.99 € (1,450.00 ₩) |
-33.8 % |
| Monthly Pass (Regular Price) |
40.00 € (58,409.30 ₩) |
41.77 € (61,000.00 ₩) |
+4.4 % |
| Taxi Start (Normal Tariff) |
3.00 € (4,380.70 ₩) |
3.29 € (4,800.00 ₩) |
+9.6 % |
| Taxi 1 mile (Normal Tariff) |
1.93 € (2,820.02 ₩) |
1.10 € (1,609.34 ₩) |
-42.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
22.00 € (32,125.12 ₩) |
8.22 € (12,000.00 ₩) |
-62.6 % |
| Gasoline (1 gallon) |
6.23 € (9,097.09 ₩) |
4.36 € (6,359.53 ₩) |
-30.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,365.00 € (48,720,660.56 ₩) |
25,839.03 € (37,731,000.00 ₩) |
-22.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,619.74 € (40,331,240.02 ₩) |
23,592.74 € (34,450,892.86 ₩) |
-14.6 % |
Utilities (Monthly) | Madrid Edit |
Seoul Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
141.26 € (206,279.66 ₩) |
168.03 € (245,357.30 ₩) |
+18.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
13.76 € (20,092.80 ₩) |
41.35 € (60,381.58 ₩) |
+200.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
29.63 € (43,268.61 ₩) |
22.16 € (32,356.10 ₩) |
-25.2 % |
Sports And Leisure | Madrid Edit |
Seoul Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
43.57 € (63,624.42 ₩) |
48.64 € (71,031.75 ₩) |
+11.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
9.91 € (14,478.21 ₩) |
19.60 € (28,620.00 ₩) |
+97.7 % |
| Cinema, International Release, 1 Seat |
10.00 € (14,602.33 ₩) |
10.27 € (15,000.00 ₩) |
+2.7 % |
Childcare | Madrid Edit |
Seoul Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
491.92 € (718,322.11 ₩) |
354.62 € (517,833.33 ₩) |
-27.9 % |
| International Primary School, Yearly for 1 Child |
8,661.90 € (12,648,395.67 ₩) |
18,938.45 € (27,654,545.45 ₩) |
+118.6 % |
Clothing And Shoes | Madrid Edit |
Seoul Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
68.75 € (100,390.99 ₩) |
57.05 € (83,308.30 ₩) |
-17.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
27.96 € (40,829.98 ₩) |
41.54 € (60,656.82 ₩) |
+48.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
75.79 € (110,669.41 ₩) |
79.81 € (116,545.45 ₩) |
+5.3 % |
| 1 Pair of Men Leather Business Shoes |
84.43 € (123,282.28 ₩) |
118.23 € (172,647.06 ₩) |
+40.0 % |
Rent Per Month | Madrid Edit |
Seoul Edit | |
| Apartment (1 bedroom) in City Centre |
1,252.06 € (1,828,297.11 ₩) |
799.25 € (1,167,093.02 ₩) |
-36.2 % |
| Apartment (1 bedroom) Outside of Centre |
905.83 € (1,322,727.36 ₩) |
482.49 € (704,545.45 ₩) |
-46.7 % |
| Apartment (3 bedrooms) in City Centre |
2,146.08 € (3,133,773.68 ₩) |
2,504.98 € (3,657,852.01 ₩) |
+16.7 % |
| Apartment (3 bedrooms) Outside of Centre |
1,542.55 € (2,252,486.45 ₩) |
1,340.74 € (1,957,787.97 ₩) |
-13.1 % |
Buy Apartment Price | Madrid Edit |
Seoul Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
418.31 € (610,823.41 ₩) |
1,639.95 € (2,394,710.40 ₩) |
+292.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
238.41 € (348,134.70 ₩) |
939.93 € (1,372,522.77 ₩) |
+294.3 % |
Salaries And Financing | Madrid Edit |
Seoul Edit | |
| Average Monthly Net Salary (After Tax) |
2,419.86 € (3,533,564.97 ₩) |
2,678.24 € (3,910,846.19 ₩) |
+10.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.51 | 5.11 | +103.8 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 531 | 211 |
Moving to Madrid? Explore:
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Cities near Madrid: | Cost of Living in Pozuelo de Alarcon | 8.64 miles |
| Cost of Living in Getafe | 9.04 miles |
| Cost of Living in Coslada | 9.17 miles |
| Cost of Living in La Moraleja | 11.07 miles |
| Cost of Living in Rivas-Vaciamadrid | 12.79 miles |
| Cost of Living in Fuenlabrada | 15.28 miles |
| Cost of Living in Mostoles | 15.34 miles |
| Cost of Living in Alcala de Henares | 20.54 miles |
| Cost of Living in Soto del Real | 26.90 miles |
| Cost of Living in Aranjuez | 30.41 miles |
Cities near Seoul: | Cost of Living in Bucheon | 14.63 miles |
| Cost of Living in Anyang | 16.48 miles |
| Cost of Living in Seongnam | 17.54 miles |
| Cost of Living in Uijeongbu | 17.54 miles |
| Cost of Living in Incheon | 19.09 miles |
| Cost of Living in Ilsan | 19.10 miles |
| Cost of Living in Gimpo | 19.16 miles |
| Cost of Living in Gunpo | 19.35 miles |
| Cost of Living in Suji-gu | 20.07 miles |
| Cost of Living in Yangju-si | 20.74 miles |