Summary of cost of living in South Korea:
Restaurants | |
Range |
|---|---|---|
| Meal at an Inexpensive Restaurant | 10,000.00 ₩ | |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | 60,000.00 ₩ | |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | 8,000.00 ₩ | |
| Domestic Draft Beer (1 Pint) | 5,000.00 ₩ | |
| Imported Beer (12 oz Small Bottle) | 6,219.13 ₩ | |
| Cappuccino (Regular Size) | 5,159.85 ₩ | |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | 2,154.50 ₩ | |
| Bottled Water (12 oz) | 1,074.16 ₩ | |
Markets | |
|
| Milk (Regular, 1 Liter) | 2,925.87 ₩ | |
| Fresh White Bread (1 lb Loaf) | 3,704.34 ₩ | |
| White Rice (1 lb) | 1,929.58 ₩ | |
| Eggs (12, Large Size) | 4,091.89 ₩ | |
| Local Cheese (1 lb) | 8,612.03 ₩ | |
| Chicken Fillets (1 lb) | 5,621.02 ₩ | |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | 17,502.55 ₩ | |
| Apples (1 lb) | 4,980.96 ₩ | |
| Bananas (1 lb) | 2,120.51 ₩ | |
| Oranges (1 lb) | 3,730.43 ₩ | |
| Tomatoes (1 lb) | 3,751.41 ₩ | |
| Potatoes (1 lb) | 2,303.31 ₩ | |
| Onions (1 lb) | 1,822.29 ₩ | |
| Lettuce (1 Head) | 3,511.90 ₩ | |
| Bottled Water (50 oz) | 1,621.91 ₩ | |
| Bottle of Wine (Mid-Range) | 25,000.00 ₩ | |
| Domestic Beer (16.9 oz Bottle) | 2,882.90 ₩ | |
| Imported Beer (12 oz Small Bottle) | 3,979.57 ₩ | |
| Cigarettes (Pack of 20, Marlboro) | 4,500.00 ₩ | |
Transportation | |
|
| One-Way Ticket (Local Transport) | 1,500.00 ₩ | |
| Monthly Public Transport Pass (Regular Price) | 65,000.00 ₩ | |
| Taxi Start (Standard Tariff) | 4,500.00 ₩ | |
| Taxi 1 mile (Standard Tariff) | 1,448.41 ₩ | |
| Taxi 1 Hour Waiting (Standard Tariff) | 12,000.00 ₩ | |
| Gasoline (1 Liter) | 1,679.00 ₩ | |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | 39,370,000.00 ₩ | |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | 38,494,761.90 ₩ | |
Utilities (Monthly) | |
|
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | 248,868.03 ₩ | |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | 53,162.80 ₩ | |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | 31,478.27 ₩ | |
Sports And Leisure | |
|
| Monthly Fitness Club Membership | 74,751.85 ₩ | |
| Tennis Court Rental (1 Hour, Weekend) | 25,129.63 ₩ | |
| Cinema Ticket (International Release) | 15,000.00 ₩ | |
Childcare | |
|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | 938,761.47 ₩ | |
| International Primary School, Annual Tuition per Child | 31,951,125.12 ₩ | |
Clothing And Shoes | |
|
| Jeans (Levi's 501 or Similar) | 77,176.84 ₩ | |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | 63,550.00 ₩ | |
| Nike Running Shoes (Mid-Range) | 111,541.08 ₩ | |
| Men's Leather Business Shoes | 142,885.71 ₩ | |
Rent Per Month | |
|
| 1 Bedroom Apartment in City Centre | 860,429.07 ₩ | |
| 1 Bedroom Apartment Outside of City Centre | 555,075.27 ₩ | |
| 3 Bedroom Apartment in City Centre | 2,007,493.04 ₩ | |
| 3 Bedroom Apartment Outside of City Centre | 1,217,778.67 ₩ | |
Buy Apartment Price | |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,870,780.09 ₩ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,136,772.69 ₩ | |
Salaries And Financing | |
|
| Average Monthly Net Salary (After Tax) | 3,346,833.09 ₩ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 4.10 | |
Sources and References
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