Cost of Living in South Korea

Summary:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 8,000.00 ₩ 6,000.00-15,000.00
Meal for 2 People, Mid-range Restaurant, Three-course 50,000.00 ₩ 30,000.00-120,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 7,500.00 ₩ 6,000.00-8,700.00
Domestic Beer (1 pint draught) 4,000.00 ₩ 2,500.00-6,000.00
Imported Beer (12 oz small bottle) 6,000.00 ₩ 3,300.00-9,000.00
Cappuccino (regular) 4,701.19 ₩ 2,625.74-6,564.35
Coke/Pepsi (12 oz small bottle) 1,883.37 ₩ 1,500.00-3,000.00
Water (12 oz small bottle) 972.25 ₩ 700.00-1,500.00
Markets
Edit
Milk (regular), (1 gallon) 10,276.52 ₩ 7,570.83-15,141.65
Loaf of Fresh White Bread (1 lb) 3,280.23 ₩ 1,814.37-5,443.11
Rice (white), (1 lb) 1,991.80 ₩ 907.19-3,628.74
Eggs (regular) (12) 4,295.90 ₩ 2,160.00-7,200.00
Local Cheese (1 lb) 7,827.72 ₩ 3,628.74-18,143.72
Chicken Fillets (1 lb) 5,407.02 ₩ 2,625.74-9,071.86
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 19,472.01 ₩ 7,257.49-40,823.36
Apples (1 lb) 3,728.37 ₩ 1,360.78-5,896.71
Banana (1 lb) 2,048.89 ₩ 1,360.78-4,354.49
Oranges (1 lb) 3,577.00 ₩ 1,360.78-6,350.30
Tomato (1 lb) 3,367.03 ₩ 1,360.78-5,896.71
Potato (1 lb) 2,147.52 ₩ 907.19-4,082.34
Onion (1 lb) 1,701.45 ₩ 907.19-2,267.96
Lettuce (1 head) 2,996.75 ₩ 1,500.00-4,900.00
Water (1.5 liter bottle) 1,373.21 ₩ 600.00-2,000.00
Bottle of Wine (Mid-Range) 20,000.00 ₩ 10,000.00-35,000.00
Domestic Beer (0.5 liter bottle) 2,705.77 ₩ 1,800.00-4,000.00
Imported Beer (12 oz small bottle) 3,100.66 ₩ 2,000.00-5,000.00
Cigarettes 20 Pack (Marlboro) 4,500.00 ₩ 4,500.00-6,000.00
Transportation
Edit
One-way Ticket (Local Transport) 1,300.00 ₩ 1,250.00-1,500.00
Monthly Pass (Regular Price) 55,000.00 ₩ 50,000.00-80,000.00
Taxi Start (Normal Tariff) 3,550.00 ₩ 3,300.00-4,800.00
Taxi 1 mile (Normal Tariff) 1,609.34 ₩ 1,207.01-2,414.02
Taxi 1hour Waiting (Normal Tariff) 12,000.00 ₩ 10,200.00-20,000.00
Gasoline (1 gallon) 6,632.12 ₩ 5,678.12-7,684.39
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 38,000,000.00 ₩ 32,900,000.00-44,000,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 31,958,880.32 ₩ 28,090,400.00-35,700,000.00
Utilities (Monthly)
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Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 195,974.51 ₩ 121,428.57-300,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 223.23 ₩ 100.00-333.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 28,151.91 ₩ 20,000.00-50,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 59,772.13 ₩ 30,000.00-100,000.00
Tennis Court Rent (1 Hour on Weekend) 24,868.57 ₩ 10,000.00-30,000.00
Cinema, International Release, 1 Seat 12,000.00 ₩ 10,000.00-15,000.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 479,312.50 ₩ 350,000.00-700,000.00
International Primary School, Yearly for 1 Child 26,998,670.13 ₩ 13,200,000.00-40,000,000.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 72,897.54 ₩ 35,000.00-110,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 53,310.17 ₩ 30,000.00-90,000.00
1 Pair of Nike Running Shoes (Mid-Range) 96,303.74 ₩ 60,000.00-140,000.00
1 Pair of Men Leather Business Shoes 135,168.06 ₩ 80,000.00-200,000.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 628,616.88 ₩ 400,000.00-1,400,799.95
Apartment (1 bedroom) Outside of Centre 469,243.59 ₩ 300,000.00-1,000,000.00
Apartment (3 bedrooms) in City Centre 1,834,447.69 ₩ 800,000.00-4,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,147,528.33 ₩ 600,000.00-2,900,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 1,641,008.14 ₩ 557,413.60-3,251,579.34
Price per Square Feet to Buy Apartment Outside of Centre 984,348.26 ₩ 306,577.48-1,672,240.80
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,992,748.79 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.72 2.60-5.00

Prices in South Korea

This country had 2478 entries in the past 12 months by 292 different contributors.
Last update: March 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
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