Monthly rent costs: $1,000 per month. A family costs: $4,587 per month. A single traveler costs: $2,340 per month. Prices in current USD. Get a full comparison between South Korea vs United States, based on Cost of living information. The cost of living in China is lower than in the U.S., Australia, and Western Europe. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Do you live in South Korea? Are you asking about purchasing or rental? Related Information Cost of Living in South Korea Foods Approximate cost; Flour (01 Kg) : 0.72 USD (~763.96 KRW) Rice (01 Kg) : 3.4028 USD (~3,610.57 KRW) Egg (12 Eggs) Haedong Yonggungsa seaside temple is the absolute highlight. Cost Of Living in South Korea Now that you know your earning potential, let’s take a look at the cost of living in this country so you can know whether you can afford to live in it. Monthly Living Expenses. > A basket costing USD$1,000 in New York costs USD$830. The Cost of living in South Korea compared to United States shows that in South Korea sometimes you would SAVE 185,420 KRW (175 USD) for the United States same items. ), 1 min. Foreign residents tend to socialize largely with other foreigners. All in all living in Tokushima, Japan for our family costs around 3035 EUR or 3313 USD per month. Add in their amazing culture, ... A short taxi ride will cost you about $2-$3 USD, or you can use DiDi (the Uber equivalent) for more personalized service. (the conversion rate, 1 USD = 1,100 KRW) How Much Cost Monthly? DEFINITION: Average Monthly Disposable Salary (After Tax). Summary of cost of living in South Korea Family of four estimated monthly costs: $4,443 (₩4,852,351) Single person estimated monthly costs: $2,023 (₩2,209,220) The average starting salary for a 1st year ESL teacher in Korea is around 2.1m KRW per month which is about $1,900 USD. When I wrote this I assumed 1 EUR = 113 JPY, 1 USD … And by the way pornography is illegal. Cost of living in Seoul compared to United States. If you’re someone who can stay on a budget, you should have no trouble spending even less than we did. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Monthly rent - 45 m2 furnished studio in expensive area in, Nice dinner at an italian restaurant, dinner for two in, Basic dinner out in neighborhood pub, dinner for two in. Cost of Living in South Korea. With a cost of living index of 144 all goods are on average about 44 percent more expensive than in the USA. The majority of South Korea is relatively inexpensive to live in, though prices in Seoul can be substantially higher than in other regions. In this video, I compare the cost of living between the United States and Korea. Family of four estimated monthly costs: ₩4,852,351; Single person estimated monthly costs: ₩2,209,220; Cost of living in South Korea is more expensive than in 78% of countries in Asia (3 out of 9) Cost of living in South Korea is more expensive than in 73% of countries in the World (21 out of 75) Once the reference point has been established, the Price Index value of every other city in the Breakdown of prices in Seoul, South Korea for housing, food, transportation, going out for December 2020. Recommended job: Teach English in Korea with Teach Away Your use of this service is subject to our, Quality of Life Comparison United States vs South Korea, Crime Comparison United States vs South Korea, Health Care Comparison United States vs South Korea, Pollution Comparison United States vs South Korea, Property Prices Comparison United States vs South Korea, Traffic Comparison United States vs South Korea, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1 lb) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment, 1 min. The main areas of expenditure are housing and education, while general transport costs remain low. These are some typical prices, as estimated by the Korean government: University dormitory – ₩1,000,000 to ₩1,500,000 per semester (USD $845 - $1,270) Private boarding house – ₩200,000 to 1,000,000 per month (USD $170 - $845) Locals are helpful, too bad 8/10 won't speak english. central reference city (that happens to be Prague). We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. Crazy! The color of each marker corresponds with the cost of living in the city red markers show more expensive cities green ones show cheaper cities As per the data from our users on costoffling.com website, rental expenses for family and couple is $2000 for students is $1300 and for bachelor is $1400. United States vs South Korea. It costs $9,925 to live in Korea! Remember: Uber, Grab, Google Maps won't work in Korea, in favour of Kakao app which is pure garbage and all in Korean. Seoul is crowded, and living quarters are small compared to Western a… Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. Cost of Living How much does it really cost to live in South Korea!? A single person costs: $1,757 per month. Are you moving to South Korea? South Korea is known for its culture, traditions and job opportunities that welcomes expats & students for educations. Coffee costs: $4.09. Most universities will offer affordable catering on their campuses and a meal from these facilities can cost as little as ₩2,600 (USD $2.50). The average starting salary for a 1st year teacher in Korea is around 2.0 – 2.1m KRW per month ($1,800 – $1,900 USD). Other comparisons United States vs South Korea: Copyright © 2009-2020 Numbeo. If you prefer to drive, a gallon of gas costs a little over $4 USD. Do you know how much money you will need there to maintain your current standard of living? Cost of living in North Korea North Korea forum. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. Young people included! Your use of this service is subject to our database is calculated by comparing their cost of living to the cost of living in Prague. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.30, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$26,653. > Westerners may find living in South Korea challenging. Notes come in denominations of ₩1000, ₩5000, ₩10,000 and ₩50,000. Tax: $30 How does the cost of living in Seoul compare? Compare Countries Anna has been living in South Korea for nine years and Laura left after a year of living in the same country. The exact monthly expenses will vary from place to place and person to person, however, here’s what you should expect to spend living in South Korea. Rent in South Korea is, on average, 44.87% lower than in United States. If you do any research on this topic you’ll quickly realize that there is a wide array of opinions on the cost of living in South Korea. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Feet to Buy Apartment in City Centre, Price per Square Feet to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Privacy Policy, Copyright © 2009-2020 Numbeo. Based on 0-50 contributions for Afghanistan, Aland Islands, Andorra and 81 more countries and 50-100 contributions for Albania, Algeria, Armenia and 19 more countries and over 100 contributions for Argentina, Australia, Austria and … Terms of Use and Moving the mouse on top of a city will show its name and the Cost of Living Index of that city. On average, however, expect to pay about 500,000 KRW (425 USD) per month for this type of accommodation in big cities. Cost of living in Seosan, South Korea is $305 and it seems moderately according to the average monthly salary which is $0. The standard journey on a bus or subway will cost between 1000 and 2000 won depending on the distance, and transfers between different types of transportation are free. Costs will vary from place to place and person to person, but here is a general idea of the living costs in South Korea that you can expect. But the average income in Switzerland of 7125 USD is also 30% higher, which means that citizens can also afford more goods. Cost of living in United States compared to South Korea. To calculate each city's Price Index value, we start by assigning a value of 100 to a © 2009-2020 Expatistan.com, List of all the cities available in Expatistan, Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) This map shows only the top cities in South Korea. However average Cost of living in South Korea for family is $2550 for students is $1850 and for bachelor is $1950.Also know best places to live in South Korea Great place if you like Korean cuisine and fresh fish in general. Find out what is the real equivalent in South Korea of your current salary and improve your chances of a happy relocation. The cost of living for expats in South Korea is generally quite affordable, but this can vary from city to city. Biggest thing I am leaving out is foreign trips, because they aren't really a part of what "living in Japan" costs. However average Cost of living in Seoul for family and couple is $2550 for students is $1850 and for bachelor is $1950. More than 1 million foreigners live in the country, with about 270,000 in Seoul alone. For more insights check the list of average prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories. Cost of living: While higher than in Southeast Asian countries, Korea is still very affordable, with rents for 1-bed apartments starting at around $375 and restaurant meals starting from $6. Cost of living Stats: compare key data on South Korea ... Water, Garbage) for 85m2 Apartment". Full version Cost of living in South Korea is 14.10% higher than in United States (aggregate data for all cities, rent is not taken into account). Some people say it’s one of the most expensive countries in the world, others swear that it is a great place to live cheaply and save money. Either way, like any city, the answer depends heavily on many factors: size, location, age of building, etc. Find answers to your questions in the North Korea forum. General living costs. Seoul is 53% cheaper than New York City. We also have on this page a list of all the cities available in Expatistan: List of all the cities available in Expatistan. The following cost estimates are in USD. The Cost of Living in Seoul is low. I am only including essentials of living here. Once you have sorted out your housing, the cost of living in Korea can be very affordable indeed, due to the cheapness of transportation and food. What is the Cost of Living Index? The price will fluctuate dependent on whether you want a single or multiple entry visa. On average, a South Korean visa cost will range between 70—90 USD. Minimum monthly house rent in South Korea is around 300,000 KRW (250 USD) for a small officetel studio (5–8 pyeong). Blogs, pictures, forum North Korea on expat.com The number of foreign nationals in South Korea is increasing rapidly. The South Korean unit of currency is the won (₩), with ₩10, ₩50, ₩100 and ₩500 coins. That’s not bad at all! Mobile version Summary of cost of living in South Korea. No matter the type of visa you are applying for, visa costs in South Korea are relatively the same. Now you calculate the 44% higher costs against the 30% higher income. The culture is different, and the language barrier can be significant, particularly with older Koreans. And again, that is what it costs for two people to live a year in Korea! Consumer Prices in South Korea are 13.51% higher than in United States (without rent) Rent … Comparison between South Korea is around 2.1m KRW per month denominations of ₩1000, ₩5000 ₩10,000! 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