Cost of Living in Busan

Summary of cost of living in Busan, South Korea:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 9,000.00 ₩ 7,000.00-10,000.00
Meal for 2 People, Mid-range Restaurant, Three-course 47,500.00 ₩ 30,000.00-100,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 7,500.00 ₩ 7,000.00-8,000.00
Domestic Beer (1 pint draught) 4,000.00 ₩ 3,000.00-5,000.00
Imported Beer (12 oz small bottle) 7,000.00 ₩ 6,000.00-9,000.00
Cappuccino (regular) 5,062.50 ₩ 2,500.00-6,000.00
Coke/Pepsi (12 oz small bottle) 1,775.00 ₩ 1,000.00-3,000.00
Water (12 oz small bottle) 1,037.50 ₩ 800.00-2,000.00
Markets
Edit
Milk (regular), (1 gallon) 10,328.77 ₩ 8,028.80-11,356.24
Loaf of Fresh White Bread (1 lb) 3,968.94 ₩ 2,267.96-6,350.30
Rice (white), (1 lb) 2,041.17 ₩ 1,247.38-2,267.96
Eggs (regular) (12) 4,211.43 ₩ 2,400.00-5,820.00
Local Cheese (1 lb) 7,144.09 ₩ 4,535.93-9,071.86
Chicken Fillets (1 lb) 4,082.34 ₩ 2,721.56-7,257.49
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 17,009.73 ₩ 7,257.49-22,679.65
Apples (1 lb) 4,263.77 ₩ 1,360.78-7,711.08
Banana (1 lb) 1,837.05 ₩ 1,632.93-2,267.96
Oranges (1 lb) 3,748.79 ₩ 1,360.78-4,989.52
Tomato (1 lb) 2,794.13 ₩ 1,360.78-4,535.93
Potato (1 lb) 2,948.35 ₩ 1,360.78-4,535.93
Onion (1 lb) 1,700.97 ₩ 816.47-2,721.56
Lettuce (1 head) 2,625.00 ₩ 2,000.00-3,000.00
Water (1.5 liter bottle) 1,300.00 ₩ 600.00-2,000.00
Bottle of Wine (Mid-Range) 17,500.00 ₩ 9,000.00-30,000.00
Domestic Beer (0.5 liter bottle) 2,216.67 ₩ 1,600.00-2,500.00
Imported Beer (12 oz small bottle) 3,900.00 ₩ 2,500.00-7,000.00
Cigarettes 20 Pack (Marlboro) 4,500.00 ₩ 4,500.00-5,000.00
Transportation
Edit
One-way Ticket (Local Transport) 1,400.00 ₩ 1,300.00-1,650.00
Monthly Pass (Regular Price) 60,000.00 ₩ 60,000.00-60,000.00
Taxi Start (Normal Tariff) 4,800.00 ₩ 3,500.00-6,500.00
Taxi 1 mile (Normal Tariff) 1,931.21 ₩ 1,218.27-3,862.43
Taxi 1hour Waiting (Normal Tariff) 22,500.00 ₩ 20,000.00-25,000.00
Gasoline (1 gallon) 6,115.07 ₩ 5,867.39-6,245.93
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 37,731,000.00 ₩ 37,731,000.00-37,731,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 34,000,000.00 ₩ 34,000,000.00-34,000,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 202,666.67 ₩ 141,666.67-400,000.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 69,000.00 ₩ 33,000.00-69,000.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 28,833.33 ₩ 22,500.00-40,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 63,333.33 ₩ 50,000.00-75,000.00
Tennis Court Rent (1 Hour on Weekend) 16,333.33 ₩ 9,000.00-10,000.00
Cinema, International Release, 1 Seat 13,000.00 ₩ 12,000.00-14,500.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 733,333.33 ₩ 400,000.00-1,300,000.00
International Primary School, Yearly for 1 Child 19,250,000.00 ₩ 18,500,000.00-20,000,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 123,333.33 ₩ 70,000.00-150,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 76,333.33 ₩ 40,000.00-80,000.00
1 Pair of Nike Running Shoes (Mid-Range) 101,666.67 ₩ 60,000.00-150,000.00
1 Pair of Men Leather Business Shoes 143,333.33 ₩ 80,000.00-200,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 557,142.86 ₩ 450,000.00-650,000.00
Apartment (1 bedroom) Outside of Centre 366,666.67 ₩ 300,000.00-500,000.00
Apartment (3 bedrooms) in City Centre 1,287,500.00 ₩ 850,000.00-2,500,000.00
Apartment (3 bedrooms) Outside of Centre 875,000.00 ₩ 700,000.00-2,000,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 997,419.32 ₩ 603,864.73-1,680,217.39
Price per Square Feet to Buy Apartment Outside of Centre 916,455.77 ₩ 341,238.76-1,721,593.87
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,305,336.43 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.61 3.25-6.04

Prices in Busan

This city had 222 entries in the past 12 months by 26 different contributors.
Last update: April 2024
Sources and References
Distribution of Expenses Using Our Statistical Model:
Sign Up for Our Newsletter:
Your Email Address:
  
  
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

1 Comments so far
Q on Mar 11, 2024:
You have to know, usually in Korea, rent deposit is way much higher than your thought. 16.5 Square meter studio for 500,000\ (400$) rent per month usually need 2~30,000,000\ (14,000~23,000$) deposit in the city.