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Cost of Living in South Korea

103 cities covered · Currency: KRW (₩) · Capital: Seoul

Single person, monthly₩1,400,141 ($1,015)
Couple, monthly₩2,538,810 ($1,840)
Family of four, monthly₩3,335,031 ($2,417)
Average net salary₩3,803,280 ($2,756)

Average Prices in South Korea

ExpenseEstimated costBasis
Meal at an inexpensive restaurant₩13,165 ($9.54)per meal
Three-course meal for two, mid-range₩52,661 ($38.16)per meal
Cappuccino₩3,950 ($2.86)each
Monthly groceries (single person)₩298,411 ($216)per month
Monthly public transport pass₩48,272 ($34.98)per month
Basic utilities for an 85m² apartment₩127,264 ($92.22)per month
Internet (60 Mbps, unlimited)₩36,863 ($26.71)per month
Fitness club membership₩36,863 ($26.71)per month
Cinema ticket₩9,654 ($7.00)each
One-bedroom apartment in city centre₩751,038 ($544)per month
One-bedroom apartment outside centre₩522,461 ($379)per month
Three-bedroom apartment in city centre₩1,567,384 ($1,136)per month

Major Cities in South Korea

Seoul

Seoul · pop. 23,016,000

Busan

Busan · pop. 3,453,198

Incheon

Incheon · pop. 3,049,315

Daegu

Daegu · pop. 2,444,412

Gwangju

Gwangju · pop. 1,490,092

Daejeon

Daejeon · pop. 1,475,221

Suwon

Gyeonggi · pop. 1,234,300

Ulsan

Ulsan · pop. 1,127,553

Tongjin

Gyeonggi · pop. 1,084,817

Goyang

Gyeonggi · pop. 1,061,929

Changwon

Gyeongnam · pop. 1,009,998

Sŏngnam

Gyeonggi · pop. 948,757

Cheongju

Chungbuk · pop. 848,000

Bucheon

Gyeonggi · pop. 772,450

Yanggok

Gyeonggi · pop. 732,376

Jeju

Jeju · pop. 698,358

Ch’ŏnan

Chungnam · pop. 656,583

Jeonju

Jeonbuk · pop. 653,055

Ansan

Gyeonggi · pop. 623,256

Pyeongtaek

Gyeonggi · pop. 607,435

Kimhae

Gyeongnam · pop. 534,124

Pohang

Gyeongbuk · pop. 520,305

Sihŭng

Gyeonggi · pop. 514,274

Uijeongbu

Gyeonggi · pop. 463,324

Cheapest Cities in South Korea

HaeryongTaebaekJeomchonYeonilHeunghaeMunsanEonyangHayangHallimKujwaFull ranking →

City Comparisons in South Korea

Seoul vs Busan

Side-by-side cost of living comparison in South Korea

Seoul vs Incheon

Side-by-side cost of living comparison in South Korea

Busan vs Daegu

Side-by-side cost of living comparison in South Korea

Incheon vs Daegu

Side-by-side cost of living comparison in South Korea

Cost of Living by City Size in South Korea

Living costs in South Korea vary significantly depending on city size. Large metropolitan areas with populations over one million typically see housing costs 15–30% above the national average, while smaller towns can be 10–20% below it. The national baseline of ₩1,400,141 ($1,015) per month represents a mid-sized city estimate.

Capital cities and major economic hubs command the highest rents and overall expenses. For budget-conscious residents, mid-sized cities offer a balance of amenities and affordability. Rural and small-town living remains the most economical option, though transport and service access may be limited.

Frequently Asked Questions

What is the average cost of living in South Korea?
The estimated average monthly cost for a single person in South Korea is ₩1,400,141 ($1,015), including rent outside the city centre. A family of four needs roughly ₩3,335,031 ($2,417) per month.
Which city has the lowest cost of living in South Korea?
Haeryong ranks among the most affordable cities in South Korea with a low cost-of-living multiplier.
What is the average salary in South Korea?
The estimated average net salary in South Korea is ₩3,803,280 ($2,756) per month. Actual salaries vary significantly by profession, experience and city.
All figures are planning estimates for South Korea derived from national baselines. Individual city pages adjust these figures for city size. Methodology.