Cost Of Living in Seoul 2025

Average monthly spending for singles, couples, students, and families in Seoul

Whether you're living in Seoul or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Expenditure to Income Ratio in Seoul

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Expense to income distribution levels

Interpretation and Analysis

The average spending-to-salary ratio in Seoul is 95% This means that on average, people spend around 95% of their income for living. According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.

Individual
88%
Spending-Income-Ratio

---

79%

97%

Couple
95%
Spending-Income-Ratio

---

86%

110%

Family
98%
Spending-Income-Ratio

---

88%

110%

Food Prices, Dining Expenses, and Grocery Costs in Seoul

Prices and cost of goods and services in Seoul

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

4,800 KRW

9,700 KRW

16,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$3.6

$7.2

$12

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Seoul is approximatly 9,700 KRW with meal cost ranging from 4,800 KRW to 16,000 KRW. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

17,000 KRW

25,000 KRW

50,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$13

$19

$38

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 17,000 KRW and 50,000 KRW with 25,000 KRW being the average price of a plate for one person at a regular restaurant in Seoul.

Fine dining meal for one price

32,000 KRW

48,000 KRW

190,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$24

$36

$140

The price range of a meal at fine-dining restaurant is 32,000 KRW to 190,000 KRW with the average cost being 48,000 KRW for one person. This is what you would expect to pay a top-tier diner in Seoul.

Beverage prices, cappuccino, latte etc..

4,100 KRW

6,600 KRW

9,900 KRW

MINIMUM

AVERAGE

MAXIMUM

$3.1

$5

$7.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Seoul is around 6,600 KRW. Price ranges between 4,100 KRW and 9,900 KRW depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

3,400 KRW

4,000 KRW

5,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$2.5

$3

$3.8

The average price of a large bottle of milk in Seoul is 4,000 KRW. The maximum what you would pay for milk is 5,000 KRW and the minimum being 3,400 KRW depending on the brand of milk and other properties.

12 eggs price

2,400 KRW

3,200 KRW

4,800 KRW

MINIMUM

AVERAGE

MAXIMUM

$1.8

$2.4

$3.6

A dozen eggs costs around 3,200 KRW on average with 2,400 KRW and 4,800 KRW being the lower and upper limits respectively.

Fresh whole chicken price

5,800 KRW

7,500 KRW

11,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$4.3

$5.6

$7.9

The price range of a fresh whole chicken in Seoul is between 5,800 KRW and 11,000 KRW depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 7,500 KRW.

Pack of beef price

7,000 KRW

10,000 KRW

21,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$5.2

$7.9

$16

The price of a regular pack of beef or meat is around 10,000 KRW. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

2,500 KRW

3,500 KRW

4,900 KRW

MINIMUM

AVERAGE

MAXIMUM

$1.9

$2.6

$3.7

A bag of rice in Seoul costs around 3,500 KRW on average with prices rangeing between 2,500 KRW and 4,900 KRW depending on the brand and quality.

Bag of tomatos price

970 KRW

1,300 KRW

2,400 KRW

MINIMUM

AVERAGE

MAXIMUM

$0.73

$0.97

$1.8

A bag of tomatoes costs anywhere from 970 KRW to 2,400 KRW. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1,800 KRW

2,300 KRW

3,800 KRW

MINIMUM

AVERAGE

MAXIMUM

$1.3

$1.7

$2.8

A bag of apples costs 2,300 KRW on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Seoul is around 29%. This means that people spend 29% of their income on grocery and basic household items. The expenditure can range from 20% to 36% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 540,000 KRW per month on grocery and food with expenditure fluctuating between 76,000 KRW and 6M KRW depending on location and the type of person. The average cost of food and groceries for a couple is around 680,000 KRW per month. That number can be get as low as 100,000 KRW or a high as 6.3M KRW. Families' spending on grocery ranges from 200,000 KRW to 10M KRW with the location, income, and size of the family being the most determinite factors.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents whether they have an emergency fund and the answers were as follows.

Yes66%

No34%

Based on the survey, 34% of the people living in Seoul said that they don't have an emergency fund while 66% said that they do.

Retirement, pension plans, and life after work in Seoul

What does the retirement lifestyle look like in Seoul and how much retirement savings are required?

Retirement age

The retirement age for most employees in is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.

Retirement Income Distribution

We asked residents about their retirement income sources and below are the results.

Retirement Monthly Expenses in Seoul

Housing costs, accommodation, and housing affordability in Seoul

Rent Cost in Seoul

Monthly Rent Prices

Studio apartment monthly rent cost

460,000 KRW

700,000 KRW

1.9M KRW

MINIMUM

AVERAGE

MAXIMUM

$350

$520

$1,400

1-bedroom apartment monthly rent cost

710,000 KRW

1.1M KRW

2.9M KRW

MINIMUM

AVERAGE

MAXIMUM

$540

$860

$2,100

2-bedroom apartment monthly rent cost

980,000 KRW

1.5M KRW

3.9M KRW

MINIMUM

AVERAGE

MAXIMUM

$730

$1,100

$2,900

3-bedroom apartment monthly rent cost

1.2M KRW

2M KRW

5.4M KRW

MINIMUM

AVERAGE

MAXIMUM

$900

$1,500

$4,100

Furnished apartment monthly rent cost

2.3M KRW

5.7M KRW

11M KRW

MINIMUM

AVERAGE

MAXIMUM

$1,700

$4,300

$8,600

Townhouse monthly rent cost

1.9M KRW

2.8M KRW

8M KRW

MINIMUM

AVERAGE

MAXIMUM

$1,400

$2,100

$6,000

House monthly rent cost

2.3M KRW

5.7M KRW

11M KRW

MINIMUM

AVERAGE

MAXIMUM

$1,700

$4,300

$8,600

Villa monthly rent cost

2.8M KRW

7M KRW

11M KRW

MINIMUM

AVERAGE

MAXIMUM

$2,100

$5,200

$8,400

The monthly rental cost of a studio apartment in Seoul ranges between 460,000 KRW and 1.9M KRW, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 710,000 KRW to 2.9M KRW. Two-bedroom rentals rate ranges between 980,000 KRW and 3.9M KRW per month. The monthly rental for a three-bedroom apartment ranges from 1.2M KRW to 5.4M KRW. The average rent of a townhouse in Seoul is around 2.8M KRW while house rental costs can be as high as 5.7M KRW per month. Finally, if you want to rent a villa, expect to pay anywhere from 2.8M KRW to 11M KRW per month.

Apartment and house prices in Seoul

Cost of buying a property

Studio apartment price

98M KRW

150M KRW

290M KRW

MINIMUM

AVERAGE

MAXIMUM

$73,000

$110,000

$220,000

1-bedroom apartment price

120M KRW

200M KRW

750M KRW

MINIMUM

AVERAGE

MAXIMUM

$90,000

$150,000

$560,000

2-bedroom apartment price

190M KRW

560M KRW

1,100M KRW

MINIMUM

AVERAGE

MAXIMUM

$140,000

$420,000

$840,000

3-bedroom apartment price

630M KRW

950M KRW

2,900M KRW

MINIMUM

AVERAGE

MAXIMUM

$480,000

$710,000

$2.1M

Townhouse price

840M KRW

2,000M KRW

7,300M KRW

MINIMUM

AVERAGE

MAXIMUM

$630,000

$1.5M

$5.5M

House price

1,000M KRW

6,000M KRW

8,600M KRW

MINIMUM

AVERAGE

MAXIMUM

$750,000

$4.5M

$6.4M

Villa price

1,200M KRW

6,700M KRW

10,000M KRW

MINIMUM

AVERAGE

MAXIMUM

$900,000

$5M

$7.5M

The average price of a studio apartment in Seoul can range from 98M KRW to 290M KRW depending on location. One bedroom cost can be anywhere from 120M KRW to 750M KRW. A villa can cost you 6,700M KRW on average with prices ranging from 1,200M KRW to 10,000M KRW.

House / apartment prices to income ratio

Property prices in Seoul can be x164 to x288 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x164 multiples of the average monthly salary in Seoul.

Rent to income ratio

The average rent-to-income ratio in Seoul is around 39%. This means that people pay 39% of their income for rent. Those figures can range from 27% to 51% depending on the salary, location, and type of property.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Singles

The average monthly expense for a single person living in Seoul is 3.7M KRW. Expenses can range from 520,000 KRW at the minimum level to 41M KRW at the highest end.

Couples

The average monthly spending of couples in Seoul is 5.5M KRW. Expenditure can range from 840,000 KRW to 50M KRW per month.

Families

The average cost of living for families in Seoul is 6.5M KRW per month. Families spend anywhere from 1.3M KRW to 65M KRW.

Students

The average monthly expenditure for students in Seoul is 2.6M KRW. Students spend from 400,000 KRW to 29M KRW per month.

Typical saving choices for people in Seoul

Where do people choose to put their savings?

How much money can you save in Seoul every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.

What percentage of people in Seoul manage to save money from their income every month?

Almost 68% of the surveyed people in Seoul said that they can save some money at the end of each month while 32% said that aren't saving anything.

Percentage of people saving money by population group in Seoul

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 13% to 36% of their monthly income is what they can allocate to their savings, with 22% being the average. The amount of money that people can save is approximately 1.7M KRW on average with savings ranging from 170,000 KRW to 25M KRW.

79% of surveyed singles reported some of their income going to savings while 77% of couples said the same. 68% of families confirmed their ability to save money.

How much money do people actually save in Seoul?

Singles

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for singles

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 16% to 39% of their monthly income to savings, with 27% being the average for most singles. The average amount of money that singles are able to save is 1.4M KRW with 160,000 KRW and 16M KRW being the minimum and maximum respectively.

Couples

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 14% to 39% of their monthly income, with 25% being the average for most couples. The average amount of money that couples can save is 2.1M KRW with 330,000 KRW and 20M KRW being the minimum and maximum respectively.

Families

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

Families in Seoul can save anywhere between 11% to 33% of their monthly income, with 20% being the average for most families. The average amount of money that families can put aside is 2.5M KRW with 510,000 KRW and 25M KRW being the minimum and maximum respectively.

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

• 50% for needs and financial obligations

  This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

• 30% for wants and discretionary spending

  This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

• 20% for savings and emergency fund

  This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

Affordable living in Seoul

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Seoul?

Around 71% of surveyed residents think that living in Seoul is affordable with proper budgeting while 29% reported that it is just too expensive and not affordable even with frugality and thriftness.

Financial Literacy in

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy66%

We asked residents of whether they acquired any adequate personal financial training in their lives. Approximately 34% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 66% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 39% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 61% said that they have everything under control.

Struggles with finance39%

Easily manages finances61%

Saving Challenges in Seoul

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Seoul. Listed below are the answers given by the survey participants.

Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

How do people spend their money in Seoul?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

People living in Seoul typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 1.2M KRW with expenditure ranging from 120,000 KRW to 18M KRW. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utility expenditure like electricity, water, and gas in Seoul ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 180,000 KRW with 18,000 KRW and 2.7M KRW being the upper and lower limits.

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 38,000 KRW to 5.7M KRW on commuting with 380,000 KRW being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

The average outlay on groceries in a month in Seoul is 930,000 KRW. The cost of groceries can range between 93,000 KRW to 14M KRW. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

People in Seoul allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 23,000 KRW to 3.5M KRW with 230,000 KRW being the norm.

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 15,000 KRW to 2.2M KRW with 150,000 KRW being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 220,000 KRW per month with 22,000 KRW being the minimum spent amount and 3.4M KRW being the maximum.

Financial goals of people in Seoul

In an attempt to understand the economic situation in Seoul, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 37% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Low-cost alternatives in Seoul

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options58%

Few low-cost options42%

Based on the survey, 58% of the people living in Seoul have no problem finding low-cost alternatives to support a frugal lifestyle while 42% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Debt, loans, and mortgages in Seoul

Percentage of people who are in debt

According to the survey, 31% of the people in Seoul have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Seoul

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 28% of the people's monthly income in Seoul goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Seoul pay 60%+ of their income as debt settlement while 15% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Seoul

11% of debtors in Seoul confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 3% of debtors in Seoul.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Seoul

Besides measuring the loan-to-income ratio, we asked residents how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Monthly costs and expenses of energy and basic utilities in Seoul

Energy, electricity, water, gas, internet, and mobile cost in Seoul

Utility Bill Cost / Electricity + Water + Gas / Individual

27,000 KRW

190,000 KRW

2.1M KRW

MINIMUM

AVERAGE

MAXIMUM

$20

$140

$1,600

Utility Bill Cost / Electricity + Water + Gas / Couple

28,000 KRW

210,000 KRW

2.4M KRW

MINIMUM

AVERAGE

MAXIMUM

$21

$160

$1,800

Utility Bill Cost / Electricity + Water + Gas / Family

53,000 KRW

270,000 KRW

2.7M KRW

MINIMUM

AVERAGE

MAXIMUM

$40

$200

$2,000

Internet and cable cost

25,000 KRW

51,000 KRW

68,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$19

$38

$51

Mobile phone bill and charges

17,000 KRW

28,000 KRW

83,000 KRW

MINIMUM

AVERAGE

MAXIMUM

$12

$21

$62

The average monthly expenditure for individuals on electricty, water, and gas in Seoul ranges between 27,000 KRW and 2.1M KRW with average being 190,000 KRW, meanwhile the expenditure of couples is slightly higher at 210,000 KRW with 28,000 KRW and 2.4M KRW being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 270,000 KRW. The cost of internet and WiFi is unchanged among the three groups and ranges from 25,000 KRW to 68,000 KRW with 51,000 KRW being the average internet bill. Finally, the average monthly mobile charges is around 28,000 KRW but can range between 17,000 KRW and 83,000 KRW depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Seoul is around 5.9%. This means that people pay 5.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.4% to 11% depending on salary and location.

Cost of living comparison by city

#1 Bucheon

The average cost of living in Bucheon is 2.1M KRW, which is 48% less than the country average. Bucheon is ranked first in Korea (South) in terms of expendenture and cost of living.

#2 Seongnam

The average cost of living in Seongnam is 2.3M KRW, which is 43% less than the country average. Seongnam is ranked second in Korea (South) in terms of expendenture and cost of living.

#3 Goyang

The average cost of living in Goyang is 2.4M KRW, which is 40% less than the country average. Goyang is ranked third in Korea (South) in terms of expendenture and cost of living.

#4 Ulsan

The average cost of living in Ulsan is 2.6M KRW, which is 35% less than the country average. Ulsan is ranked fourth in Korea (South) in terms of expendenture and cost of living.

#5 Suweon

The average cost of living in Suweon is 2.8M KRW, which is 30% less than the country average. Suweon is ranked fifth in Korea (South) in terms of expendenture and cost of living.

#6 Gwangju

The average cost of living in Gwangju is 3M KRW, which is 25% less than the country average. Gwangju is ranked sixth in Korea (South) in terms of expendenture and cost of living.

#7 Daejeon

The average cost of living in Daejeon is 3.2M KRW, which is 20% less than the country average. Daejeon is ranked seventh in Korea (South) in terms of expendenture and cost of living.

#8 Daegu

The average cost of living in Daegu is 3.4M KRW, which is 15% less than the country average. Daegu is ranked eighth in Korea (South) in terms of expendenture and cost of living.

#9 Incheon

The average cost of living in Incheon is 3.6M KRW, which is 10% less than the country average. Incheon is ranked ninth in Korea (South) in terms of expendenture and cost of living.

#10 Busan

The average cost of living in Busan is 3.8M KRW, which is 5% less than the country average. Busan is ranked tenth in Korea (South) in terms of expendenture and cost of living.

#11 Seoul

The average cost of living in Seoul is 4M KRW, which is same as the country average. Seoul is ranked eleventh in Korea (South) in terms of expendenture and cost of living.