Cost of Living in Busan

Summary of cost of living in Busan, South Korea:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 7.03 $ 5.77-8.66
Meal for 2 People, Mid-range Restaurant, Three-course 36.06 $ 28.85-72.13
McMeal at McDonalds (or Equivalent Combo Meal) 5.95 $ 5.41-6.56
Domestic Beer (1 pint draught) 3.61 $ 1.80-4.33
Imported Beer (12 oz small bottle) 5.77 $ 5.05-6.49
Cappuccino (regular) 4.03 $ 2.16-4.69
Coke/Pepsi (12 oz small bottle) 1.80 $ 0.94-2.52
Water (12 oz small bottle) 1.34 $ 0.72-2.16
Markets
Edit
Milk (regular), (1 gallon) 8.57 $ 6.83-9.56
Loaf of Fresh White Bread (1 lb) 3.14 $ 1.64-4.58
Rice (white), (1 lb) 1.36 $ 0.82-1.64
Eggs (regular) (12) 2.89 $ 2.16-3.72
Local Cheese (1 lb) 4.66 $ 3.27-6.54
Chicken Fillets (1 lb) 3.66 $ 1.96-5.23
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 12.27 $ 5.23-16.36
Apples (1 lb) 3.76 $ 0.98-5.56
Banana (1 lb) 1.42 $ 1.31-1.64
Oranges (1 lb) 3.29 $ 2.45-3.93
Tomato (1 lb) 2.34 $ 0.98-3.27
Potato (1 lb) 2.29 $ 0.98-3.27
Onion (1 lb) 1.33 $ 0.33-2.29
Lettuce (1 head) 2.02 $ 1.08-3.61
Water (1.5 liter bottle) 1.15 $ 0.29-1.80
Bottle of Wine (Mid-Range) 14.43 $ 6.49-36.06
Domestic Beer (0.5 liter bottle) 1.69 $ 1.08-3.61
Imported Beer (12 oz small bottle) 3.34 $ 2.16-5.05
Cigarettes 20 Pack (Marlboro) 3.25 $ 3.25-3.61
Transportation
Edit
One-way Ticket (Local Transport) 1.12 $ 1.08-1.19
Monthly Pass (Regular Price) 43.28 $ 43.28-72.13
Taxi Start (Normal Tariff) 3.46 $ 2.74-5.55
Taxi 1 mile (Normal Tariff) 1.39 $ 1.16-2.79
Taxi 1hour Waiting (Normal Tariff) 16.23 $ 14.43-18.03
Gasoline (1 gallon) 4.43 $ 4.23-4.51
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27,215.32 $ 27,215.32-27,215.32
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,524.16 $ 24,524.16-24,524.16
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 175.61 $ 132.84-288.52
Mobile Phone Monthly Plan with Calls and 10GB+ Data 49.48 $ 23.80-56.26
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 22.54 $ 14.43-32.46
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 51.69 $ 43.28-61.31
Tennis Court Rent (1 Hour on Weekend) 12.98 $ 6.49-10.82
Cinema, International Release, 1 Seat 11.18 $ 10.10-14.43
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 480.87 $ 216.39-937.69
International Primary School, Yearly for 1 Child 13,885.00 $ 13,344.03-14,425.97
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 100.98 $ 57.70-108.19
1 Summer Dress in a Chain Store (Zara, H&M, ...) 64.92 $ 57.70-72.13
1 Pair of Nike Running Shoes (Mid-Range) 90.88 $ 57.70-108.19
1 Pair of Men Leather Business Shoes 115.41 $ 57.70-144.26
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 498.90 $ 432.78-577.04
Apartment (1 bedroom) Outside of Centre 312.56 $ 216.39-360.65
Apartment (3 bedrooms) in City Centre 988.18 $ 613.10-1,803.25
Apartment (3 bedrooms) Outside of Centre 663.59 $ 504.91-1,442.60
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 834.97 $ 553.30-1,246.68
Price per Square Feet to Buy Apartment Outside of Centre 663.14 $ 246.14-1,246.68
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,265.77 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.22 3.25-6.04

Prices in Busan

This city had 264 entries in the past 12 months by 30 different contributors.
Last update: 2 May 2025
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
  
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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.