Cost of Living Comparison Between Latvia and South Korea 
| Indices Difference |  |
|---|---|
| Cost of Living in South Korea is 21.7% higher than in Latvia (without rent) | |
| Cost of Living Including Rent in South Korea is 25.3% higher than in Latvia | |
| Rent Prices in South Korea are 42.0% higher than in Latvia | |
| Restaurant Prices in South Korea are 30.0% lower than in Latvia | |
| Groceries Prices in South Korea are 88.7% higher than in Latvia | |
| Local Purchasing Power in South Korea is 63.5% higher than in Latvia | |
Restaurants | Latvia Edit |
South Korea Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 € (14,825.20 ₩) |
6.75 € (10,000.00 ₩) |
-32.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 € (88,951.22 ₩) |
33.73 € (50,000.00 ₩) |
-43.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.00 € (10,377.64 ₩) |
5.40 € (8,000.00 ₩) |
-22.9 % |
| Domestic Beer (1 pint draught) |
4.00 € (5,930.08 ₩) |
3.04 € (4,500.00 ₩) |
-24.1 % |
| Imported Beer (12 oz small bottle) |
3.50 € (5,188.82 ₩) |
4.05 € (6,000.00 ₩) |
+15.6 % |
| Cappuccino (regular) |
2.93 € (4,348.73 ₩) |
3.36 € (4,984.48 ₩) |
+14.6 % |
| Coke/Pepsi (12 oz small bottle) |
1.41 € (2,096.21 ₩) |
1.33 € (1,971.45 ₩) |
-6.0 % |
| Water (12 oz small bottle) |
1.13 € (1,670.45 ₩) |
0.70 € (1,034.79 ₩) |
-38.1 % |
Markets | Latvia Edit |
South Korea Edit | |
| Milk (regular), (1 gallon) |
4.36 € (6,458.75 ₩) |
7.25 € (10,749.07 ₩) |
+66.4 % |
| Loaf of Fresh White Bread (1 lb) |
1.20 € (1,783.74 ₩) |
2.48 € (3,683.41 ₩) |
+106.5 % |
| Rice (white), (1 lb) |
1.24 € (1,836.94 ₩) |
1.30 € (1,931.53 ₩) |
+5.1 % |
| Eggs (regular) (12) |
2.51 € (3,719.83 ₩) |
2.91 € (4,312.02 ₩) |
+15.9 % |
| Local Cheese (1 lb) |
4.49 € (6,662.00 ₩) |
4.96 € (7,350.27 ₩) |
+10.3 % |
| Chicken Fillets (1 lb) |
2.96 € (4,381.68 ₩) |
3.64 € (5,390.05 ₩) |
+23.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.71 € (6,984.83 ₩) |
13.03 € (19,313.33 ₩) |
+176.5 % |
| Apples (1 lb) |
0.58 € (861.66 ₩) |
2.85 € (4,218.65 ₩) |
+389.6 % |
| Banana (1 lb) |
0.73 € (1,079.15 ₩) |
1.41 € (2,090.27 ₩) |
+93.7 % |
| Oranges (1 lb) |
0.97 € (1,435.03 ₩) |
2.34 € (3,465.59 ₩) |
+141.5 % |
| Tomato (1 lb) |
1.32 € (1,949.79 ₩) |
2.23 € (3,300.95 ₩) |
+69.3 % |
| Potato (1 lb) |
0.34 € (510.30 ₩) |
1.59 € (2,356.18 ₩) |
+361.7 % |
| Onion (1 lb) |
0.40 € (595.13 ₩) |
1.23 € (1,828.70 ₩) |
+207.3 % |
| Lettuce (1 head) |
1.37 € (2,035.20 ₩) |
2.15 € (3,189.56 ₩) |
+56.7 % |
| Water (1.5 liter bottle) |
0.79 € (1,176.13 ₩) |
0.99 € (1,462.96 ₩) |
+24.4 % |
| Bottle of Wine (Mid-Range) |
7.00 € (10,377.64 ₩) |
13.49 € (20,000.00 ₩) |
+92.7 % |
| Domestic Beer (0.5 liter bottle) |
1.52 € (2,258.09 ₩) |
1.98 € (2,928.96 ₩) |
+29.7 % |
| Imported Beer (12 oz small bottle) |
1.79 € (2,654.19 ₩) |
2.40 € (3,554.92 ₩) |
+33.9 % |
| Cigarettes 20 Pack (Marlboro) |
4.50 € (6,671.34 ₩) |
3.04 € (4,500.00 ₩) |
-32.5 % |
Transportation | Latvia Edit |
South Korea Edit | |
| One-way Ticket (Local Transport) |
1.50 € (2,223.78 ₩) |
0.98 € (1,450.00 ₩) |
-34.8 % |
| Monthly Pass (Regular Price) |
30.00 € (44,475.61 ₩) |
40.47 € (60,000.00 ₩) |
+34.9 % |
| Taxi Start (Normal Tariff) |
2.06 € (3,061.40 ₩) |
2.90 € (4,300.00 ₩) |
+40.5 % |
| Taxi 1 mile (Normal Tariff) |
1.53 € (2,266.59 ₩) |
1.09 € (1,609.34 ₩) |
-29.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
10.00 € (14,825.20 ₩) |
8.09 € (12,000.00 ₩) |
-19.1 % |
| Gasoline (1 gallon) |
6.42 € (9,515.76 ₩) |
4.23 € (6,275.36 ₩) |
-34.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
23,325.00 € (34,579,785.66 ₩) |
25,450.58 € (37,731,000.00 ₩) |
+9.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,619.81 € (36,499,364.33 ₩) |
21,645.83 € (32,090,379.74 ₩) |
-12.1 % |
Utilities (Monthly) | Latvia Edit |
South Korea Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
295.68 € (438,356.76 ₩) |
153.75 € (227,943.22 ₩) |
-48.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
17.57 € (26,044.92 ₩) |
40.98 € (60,750.00 ₩) |
+133.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
15.59 € (23,113.06 ₩) |
19.75 € (29,273.28 ₩) |
+26.7 % |
Sports And Leisure | Latvia Edit |
South Korea Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
41.91 € (62,127.94 ₩) |
43.44 € (64,405.72 ₩) |
+3.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.08 € (35,704.03 ₩) |
15.79 € (23,412.63 ₩) |
-34.4 % |
| Cinema, International Release, 1 Seat |
10.00 € (14,825.20 ₩) |
10.12 € (15,000.00 ₩) |
+1.2 % |
Childcare | Latvia Edit |
South Korea Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
424.67 € (629,576.95 ₩) |
316.16 € (468,720.00 ₩) |
-25.6 % |
| International Primary School, Yearly for 1 Child |
13,136.86 € (19,475,657.20 ₩) |
18,892.40 € (28,008,359.68 ₩) |
+43.8 % |
Clothing And Shoes | Latvia Edit |
South Korea Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
78.11 € (115,794.89 ₩) |
52.07 € (77,194.21 ₩) |
-33.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
43.84 € (64,992.50 ₩) |
39.34 € (58,319.03 ₩) |
-10.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.32 € (123,526.94 ₩) |
74.00 € (109,711.54 ₩) |
-11.2 % |
| 1 Pair of Men Leather Business Shoes |
118.14 € (175,141.37 ₩) |
102.99 € (152,686.50 ₩) |
-12.8 % |
Rent Per Month | Latvia Edit |
South Korea Edit | |
| Apartment (1 bedroom) in City Centre |
461.25 € (683,812.48 ₩) |
469.82 € (696,515.15 ₩) |
+1.9 % |
| Apartment (1 bedroom) Outside of Centre |
319.78 € (474,077.04 ₩) |
338.58 € (501,951.90 ₩) |
+5.9 % |
| Apartment (3 bedrooms) in City Centre |
815.62 € (1,209,180.61 ₩) |
1,382.17 € (2,049,090.91 ₩) |
+69.5 % |
| Apartment (3 bedrooms) Outside of Centre |
539.71 € (800,124.92 ₩) |
843.57 € (1,250,612.24 ₩) |
+56.3 % |
Buy Apartment Price | Latvia Edit |
South Korea Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
225.83 € (334,793.80 ₩) |
1,034.75 € (1,534,032.53 ₩) |
+358.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
136.21 € (201,934.26 ₩) |
664.22 € (984,719.92 ₩) |
+387.6 % |
Salaries And Financing | Latvia Edit |
South Korea Edit | |
| Average Monthly Net Salary (After Tax) |
1,086.94 € (1,611,403.49 ₩) |
2,225.81 € (3,299,814.89 ₩) |
+104.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.23 | 4.74 | +12.1 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 267 | 378 |
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