Restaurants. Generally, accommodation in South Korea is organised and paid for by an expat's employer. EspañolCosto de Vida en Corea del Sur, Copyright © 2009-2020 Numbeo. By its very nature much of the information in this travel guide is subject to change at short notice and travellers are urged to verify information on which they’re relying with the relevant authorities. Basic utilities like gas, electricity and uncapped WiFi tend to be affordable. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new in. On a national level, a family of four can expect to spend an average of 2,300,000 KRW per month (2,000 USD) in living expenses (excluding rent). However, South Korea boasts competitive salaries. The cost of living in Korea is generally considered to be quite high and, as with many Asian countries, expatriates living here face high property costs. Follow us around the world! Do you live in South Korea? This often makes eating out a better option over buying groceries, especially for single expats. FrançaisCoût de la Vie en Corée du Sud One-bedroom apartment outside of the city centre, Three-bedroom apartment outside of the city centre, Three-course meal at a mid-range restaurant for two, Internet (uncapped ADSL or cable – average per month), Basic utilities (per month for a small apartment), ►For more information on money matters, read Banking, Money and Taxes in South Korea. Due to the affordability of healthcare, South Korea has become a medical tourist destination. We're a (semi) newlywed couple who quit our jobs and left our home to travel the world, indulge our wanderlust, and document it every step of the way. Mobile version Copyright © 2009-2020 Numbeo. Please try again later. Seoul is of one the top city in southkorea, the city is also known for its culture, traditions and job opportunities that welcomes expats & students for jobs and education. With 86 million customer relationships in over 200 countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world. This will make accommodation more expensive. 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. List of prices in Seoul (South Korea) for food, housing, transportation, going out, and more on Nov 2020. However, if a foreigner chooses to organise their own accommodation, they will be expected to pay ‘key money’, which is in effect a very large deposit that the landlord earns interest from. What is the Cost of Living Index? What kind of working visa can I get for South Korea? Overall, the cost of living for expats in South Korea is generally quite affordable. There are many ways to keep expenses down. From there, who knows? The farther away from the city an expat moves, the more spacious accommodation becomes. To calculate each city's Price Index value, we start by assigning a value of 100 to a No related content found. Can I get a work permit for South Korea if I have HIV? Will I qualify for a work permit in South Korea? If renting in Seoul, expect apartments to be tiny by Western standards. database is calculated by comparing their cost of living to the cost of living in Prague. 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. Your use of this service is subject to our In 2019, Seoul ranked 4th out of 209 cities in the Mercer Cost of Living Survey. Do you know how much money you will need there to maintain your current standard of living? Moving the mouse on top of a city will show its name and the Cost of Living Index of that city.