Cost of Living in South Korea. (the conversion rate, 1 USD = 1,100 KRW) How Much Cost Monthly? Seoul is crowded, and living quarters are small compared to Western a… Prices in current USD. More than 1 million foreigners live in the country, with about 270,000 in Seoul alone. 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. Are you asking about purchasing or rental? 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. Breakdown of prices in Seoul, South Korea for housing, food, transportation, going out for December 2020. 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 … 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. Your use of this service is subject to our The cost of living for expats in South Korea is generally quite affordable, but this can vary from city to city. 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. 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. Great place if you like Korean cuisine and fresh fish in general. Coffee costs: $4.09. Privacy Policy, Copyright © 2009-2020 Numbeo. Cost of living in United States compared to South Korea. 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. 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. Minimum monthly house rent in South Korea is around 300,000 KRW (250 USD) for a small officetel studio (5–8 pyeong). Cost of living in Seoul compared to United States. It costs $9,925 to live in Korea! A basket costing USD$1,000 in New York costs USD$830. The South Korean unit of currency is the won (₩), with ₩10, ₩50, ₩100 and ₩500 coins. 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. Remember: Uber, Grab, Google Maps won't work in Korea, in favour of Kakao app which is pure garbage and all in Korean. 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) 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. Around 300,000 KRW ( 250 USD ) for 85m2 Apartment '' higher, which means that citizens can also more! Also afford more goods notes come in denominations of ₩1000, ₩5000, ₩10,000 and ₩50,000:. Average income in Switzerland of 7125 USD is also 30 % higher, which means that can. 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