MONTHLY COST Of Living In SOUTH KOREA 2023 [Budget Guide]

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Cost of living in South Korea 2023 Expat Budget Guide

Hey Friends! The Cost Of Living In South Korea makes it possible to Live For $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month. For a strict Budget vs a Luxury Budget.

South Korea is a beautiful country with a unique culture that draws people from all over the world. Known for its vibrant cities, delicious cuisine, and advanced technology, South Korea has become an increasingly popular destination for tourists and expats alike.

In this article, we’ll take a deep dive into the cost of living in South Korea, so you can decide whether this Unique is the right fit for your lifestyle and budget.

This article will take you on a journey with Videos, a Table of expenses, Facebook Groups, Rental sites and more to explore the costs of living in South Korea, from housing and transportation to food and things to do here.

With our expert analysis, practical insights, Research and personal experience in South Korea, you’ll know what to expect when moving to South Korea.

Whether you’re a digital nomad, Expat, Retiree, or just looking to experience South Korea for a few months, our guide is going to help you make the most of your budget with a range of expenses estimated to cost between $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month.

Here are 8 reasons why you should consider moving to South Korea:

1. Cost of Living In South Korea: The Average monthly cost of living, including rent, utilities, food, and transportation, ranges from $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month.
2. High standard of living and high quality of life: South Korea is known for its high standard of living. The country has a well-developed infrastructure, excellent healthcare system, and a high standard of education. Plus, the crime rate is low, making it a safe place to live.
3. Strong economy: South Korea is one of the fastest-growing economies in the world, and it offers excellent opportunities for career growth. The country is home to some of the world’s largest and most successful companies, such as Samsung and LG.
4. Delicious food: Korean cuisine is delicious and healthy. The food is diverse and includes dishes like kimchi, bibimbap, and bulgogi. You’ll also find plenty of street food vendors selling tasty treats.
5. Rich cultural heritage: South Korea has a rich cultural heritage that is evident in its ancient temples, museums, and festivals. From the traditional architecture to the vibrant art scene, there is always something new to discover.
6. Advanced technology: South Korea is at the forefront of technological innovation, with advancements in areas such as robotics, biotechnology, and IT. The country is also known for its super-fast internet speeds, making it a great place for remote workers and tech enthusiasts.
7. Beautiful scenery: South Korea is home to some stunning natural scenery, including mountains, beaches, and national parks. Hiking is a popular activity, and you’ll find plenty of trails that offer spectacular views.
8. Affordable cost of living: Despite its high standard of living, South Korea is also an affordable place to live. The cost of living is lower than many other developed countries, and you can enjoy a comfortable lifestyle without breaking the bank.

Table Of Contents

Cost Of Living in South Korea Quick Facts Key Takeaways

Here are some quick facts about the cost of living in South Korea:

•  Here’s a breakdown of some key expenses: Total Monthly Living Costs in South Korea, Is $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month. For all expenses, and if you budget smartly, you can expect to spend $1500 to $2500 per month for all expenses.
•     South Korea, is 57% times cheaper than New York City, United States.
•     Living well in South Korea is possible with a monthly income of around $2500.
•     The monthly rent, food budget, housing expenses, and transportation options in South Korea are determined by your budget.
•     To maintain the same standard of life as $10,000 in New York City, an estimated $4,200 is needed in South Korea.
•     On average, the cost of living in South Korea, is 57% cheaper than in New York City, United States.
•     On average, rent in South Korea is 57% cheaper than in New York City, New York, USA.
•     The costs of rent in South Korea range from $300 – $1000 Per month. Depending on your budget.
•     A budget food and grocery plan in South Korea will cost around $300 – $1200 per month, depending on location and budget.
•     An estimated monthly cost for a family of four in South Korea is $3250.
•     An estimated monthly cost for a single person in South Korea is $1200 – 2,000.
•     Transportation costs in South Korea are estimated to be $50 – $150 per month.
• Expats and digital nomads may spend more, $1500 – $2500 per month, to maintain their living standards in South Korea. We spent around $1,110 – $2,350 (KRW 1,250,000 – KRW 3,000,000) per month for example.

Our Personal Costs of Living in South Korea: Table of expenses Breakdown 2023

Living in South Korea can be an exciting and rewarding experience, but it’s important to have a good understanding of the cost of living before you go. Here’s a breakdown of our monthly cost of living in South Korea:

• Our Monthly Cost Of Rent and Accommodation: Our monthly cost for a one-bedroom apartment in South Korea ranges from $500 to $1,000, which is around KRW 562,000 to KRW 1,687,000.
• Our Monthly Cost Of Utilities: Our monthly cost for utilities in South Korea is between $80 and $200, which is around KRW 90,000 to KRW 224,000. This includes electricity, water, and internet.
• Our Monthly Cost Of Gym Membership: We pay between $30 and $100 per month for our gym membership in South Korea, which is around KRW 34,000 to KRW 112,000.
• Our Monthly Cost Of Food and Groceries: Our monthly cost for food and groceries in South Korea ranges from $300 to $500, which is around KRW 337,000 to KRW 562,000. This includes dining out and buying groceries for cooking at home.
• Our Monthly Cost Of Transportation: Our monthly cost for transportation in South Korea is between $50 and $150, which is around KRW 56,000 to KRW 168,000. This includes public transport, taxis, and car rentals.
• Our Monthly Cost Of Activities and Entertainment: Our monthly cost for activities, leisure, and entertainment in South Korea is between $100 and $300, which is around KRW 112,000 to KRW 337,000. This includes going to movies, concerts, and other events.
• Our Monthly Cost Of Health Insurance: Our monthly cost for health insurance in South Korea is between $50 and $150, which is around KRW 56,000 to KRW 168,000.

Overall, our total monthly cost of living in South Korea is between $1,110 and $2,350, which is around KRW 1,250,000 to KRW 3,000,000. It’s important to keep in mind that these costs can vary depending on your lifestyle and location within South Korea. By being mindful of your spending, you can enjoy everything that this beautiful country has to offer without breaking the bank.

Here is a table of Expenses for what we personally spent in South Korea:

Our Monthly Cost of Living In South Korea	Cost (USD)	Cost (KRW WON)
Our Monthly Cost of Rent and Accommodation in South Korea	$500 – $1,000	KRW 562,000 – KRW 1,687,000
Our Monthly Cost of Utilities	$80 – $200	KRW 90,000 – KRW 224,000
Our Gym Cost per month in South Korea	$30 – $100	KRW 34,000 – KRW 112,000
Our Monthly Cost of Food and Groceries	$300 – $500	KRW 337,000 – KRW 562,000
Our Monthly Cost of Transportation	$50 – $150	KRW 56,000 – KRW 168,000
Our Monthly Cost of Activities, Leisure, Entertainment	$100 – $300	KRW 112,000 – KRW 337,000
Our Monthly Cost of Health Insurance	$50 – $150	KRW 56,000 – KRW 168,000
Our Monthly Cost of Living in South Korea total expenses	$1,110 – $2,350	KRW 1,250,000 – KRW 3,000,000

Monthly Cost of Living in South Korea Summary Cost Of Rent, Groceries, Transportation, Healthcare: $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month

You can live in South Korea, for around $870 a month for all expenses on a tight budget or $4,050 a month if you want to live much more luxuriously. The Cost of living in South Korea is from $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month.

You can still maintain a monthly budget and enjoy all the beautiful things South Korea, offers.

The following is a breakdown of the average cost of living in South Korea:

• Rent: The cost of renting a studio apartment in South Korea ranges from $200 to $800 per month, which is Equivalent to around 240,000 to 880,000 KRW WON. If you’re looking for a one-bedroom apartment, the cost is slightly higher, ranging from $500 to $1,000 per month, or 550,000 to 1.1 million KRW. A two-bedroom apartment can cost between $800 to $1,500 per month, or 880,000 to 1.65 million KRW, while a three-bedroom apartment can range from $1,500 to $2,500 per month, or 1.65 million to 2.75 million KRW.
• Utilities: The cost of basic utilities, including electricity and water, typically ranges from $100 to $200 per month, or 110,000 to 220,000 KRW.
• Mobile Phone: You can expect to pay between $20 to $50 per month, or 22,000 to 55,000 KRW, for an unlimited data plan with a SIM card.
• Internet: For wifi, the cost is between $20 to $50 per month, or 22,000 to 55,000 KRW.
• Food: The cost of food in South Korea varies depending on your lifestyle. If you cook most of your meals at home, you can expect to spend around $400 to $800 per month, or 440,000 to 880,000 KRW. If you enjoy dining out, partying, and experiencing the nightlife, your monthly food expenses could be higher.
• Transportation: Public transportation in South Korea is relatively affordable, with monthly costs ranging from $50 to $150, or 55,000 to 165,000 KRW. If you prefer taking taxis or renting a car, the costs can be higher.
• Healthy Activities: If you’re looking to stay fit and healthy, South Korea offers plenty of options, including gyms, martial arts classes, yoga studios, and massages. The cost of these activities can range from $30 to $100 per month, or 33,000 to 110,000 KRW.
• Health Insurance: It’s important to have health insurance when living in South Korea, and you can choose from providers such as SafetyWing, World Nomads, or Medicare. The cost of health insurance typically ranges from $50 to $200 per month, or 55,000 to 220,000 KRW.

in total, the average monthly cost of living in South Korea ranges from $870 to $4,050, or 950,000 to 5.30 million KRW WON, depending on your lifestyle and preferences.

A great monthly budget for a single person living in South Korea, is around $2000 to $3000 monthly. You can also do it for cheaper.

The costs of living in South Korea, Depending on various factors and spending habits, the price may change. Others spend $5,000 or more each month for an extravagant, next-level lifestyle or even $1,000 on the strictest budget staying in hostels, couchsurfing, and smaller studio apartments, ensuring they make it work no matter what!

• Expect to spend $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month. for a single person or a family living in South Korea. $2000 per Month is sufficient to live on.
•       Local South Korea markets, Local Food trucks, Local food shops, and supermarkets are the most cost-effective and knowledgeable ways to shop and eat in South Korea!

Here is a table of expenses for a couple living in South Korea per month:

Average Cost of Living in South Korea	Cost in USD	Cost in KRW
Rent (Studio apartment)	$200 – $800	240,000 – 880,000 KRW
Rent (1 bedroom apartment)	$500 – $1,000	550,000 – 1.1 million KRW
Rent (2 bedroom apartment)	$800 – $1,500	880,000 – 1.65 million KRW
Rent (3 bedroom apartment)	$1,500 – $2,500	1.65 million – 2.75 million KRW
Utilities (electricity, water)	$100 – $200	110,000 – 220,000 KRW
Mobile phone (unlimited data plan, Sim Card)	$20 – $50	22,000 – 55,000 KRW
Internet (wifi)	$20 – $50	22,000 – 55,000 KRW
Food (groceries, dining out, Partying, nightlife)	$400 – $800	440,000 – 880,000 KRW
Transportation (Public transport, Taxi, Scooter, car)	$50 – $150	55,000 – 165,000 KRW
Healthy activities (gym, martial arts, yoga, massages)	$30 – $100	33,000 – 110,000 KRW
Health insurance (SafetyWing, World Nomads, or Medicare)	$50 – $200	55,000 – 220,000 KRW
Total Monthly Cost Of Living In South Korea	$870 – $4,050	KRW 950,000 – 5.30 million KRW

Cost of Living in South Korea: Table of Expenses in 2023

This table of expenses will help you plan your budget for your move to South Korea.

The Cost of living table below An extensive poll of Digital Nomads, Expats, travelers, our personal experience living Here, Locals, and Numbeo users were used to put this together.

The Exchange Rate is $1 USD is Currently equal to 1,309 KRW Currency South Korean Won This estimate is based on a Strict Budget Vs. A luxury Budget in South Korea per Month! The Cost Of Living Per Month In South Korea, is $870 – $4,050 (KRW 950,000 – 5.30 million KRW) Per Month or more, depending on your spending habits! Check out the Currency Converter.

Here is the Table of the monthly budget for two people living in South Korea:

Cost of living in South Korea per person	Cost in USD ($)	Cost in KRW (KRW)
Cost of living for a single person in South Korea	$1,000 – $2,000	1.1 million – 2.2 million KRW
Cost of living for a couple in South Korea	$2,000 – $4,000	2.2 million – 4.4 million KRW
Cost of living for a family of four in South Korea	$3,000 – $6,000	3.3 million – 6.6 million KRW

Average Monthly Expenses in South Korea	Cost in USD ($)	Cost in KRW (₩)
Average monthly rent for a studio	$320 – $650	₩350,000 – ₩750,000
Average monthly cost for food and groceries	$200 – $400	₩220,000 – ₩440,000
Average monthly cost for dining out	$150 – $300	₩165,000 – ₩330,000
Average monthly cost for miscellaneous items	$100 – $200	₩110,000 – ₩220,000
Average monthly cost for utilities	$100 – $200	₩110,000 – ₩220,000
Average monthly cost for transportation	$50 – $100	₩55,000 – ₩110,000
Total average monthly cost of living in South Korea	$920 – $1,800	₩1,010,000 – ₩2,110,000

Cost of Living in South Korea Expenses	Cost (Monthly) in USD	Cost (Monthly) In KRW
Cost of Rent and Accommodation in South Korea	$320 – $1,000	₩350,000 – ₩1,100,000
Cost of Food and Groceries	$200 – $600	₩220,000 – ₩660,000
Cost of Utilities	$100 – $200	₩110,000 – ₩220,000
Cost of Public Transportation	$50 – $100	₩55,000 – ₩110,000
Cost of Private Transportation	$200 – $400	₩220,000 – ₩440,000
Cost of Healthcare	$50 – $200	₩55,000 – ₩220,000
Cost of Entertainment	$50 – $200	₩55,000 – ₩220,000
Cost of Clothing and Personal Items	$50 – $200	₩55,000 – ₩220,000
Cost of Activities and Excursions	$50 – $200	₩55,000 – ₩220,000

Cost of Rent In South Korea In-Depth Summary And Table of Expenses

The cost of accommodation in South Korea is essential for many expats, retirees, digital nomads, and locals. It can vary depending on the apartment type and location you are looking for.

The cost of studio and one-bedroom apartments in South Korea:

• Studio apartments in the city of South Korea cost between $400 to $900 per month (₩450,000 – ₩1,000,000).
• Studio apartments outside the city of South Korea cost between $250 to $600 per month (₩280,000 – ₩680,000).
• 1-bedroom apartments in the city of South Korea cost between $600 to $1,200 per month (₩680,000 – ₩1,350,000).
• 1-bedroom apartments outside the city of South Korea cost between $350 to $800 per month (₩390,000 – ₩900,000).

Cost of a Apartment in South Korea	Location	Average Cost per Month (USD)	Average Cost per Month (KRW)
Cost of a Studio apartment in the city of South Korea	City	$400 – $900	₩450,000 – ₩1,000,000
Cost of a Studio apartment outside the city of South Korea	Outside City	$250 – $600	₩280,000 – ₩680,000
Cost of a 1 bedroom in the city of South Korea	City	$600 – $1,200	₩680,000 – ₩1,350,000
Cost of a 1 bedroom outside the city of South Korea	Outside City	$350 – $800	₩390,000 – ₩900,000

The Cost of 2 Bedroom Apartment in South Korea:

• On average, the monthly cost for a 2 bedroom apartment in South Korea ranges from $500 to $1,800 USD (₩560,000 to ₩2,000,000 KRW).
• If you’re looking for a 2 bedroom apartment within the city of South Korea, the average cost per month is between $800 to $1,800 USD (₩900,000 to ₩2,000,000 KRW).
• If you prefer to live outside the city of South Korea, the average cost per month for a 2 bedroom apartment is between $500 to $1,200 USD (₩560,000 to ₩1,350,000 KRW).

Cost of a 2 Bedroom Apartment in South Korea	Location	Average Cost per Month (USD)	Average Cost per Month (KRW)
Cost of a 2 Bedroom Apartment in the city of South Korea	City	$800 – $1,800	₩900,000 – ₩2,000,000
Cost of a 2 Bedroom Apartment outside the city of South Korea	Outside City	$500 – $1,200	₩560,000 – ₩1,350,000

The Cost of a 3 bedroom apartment in South Korea:

• On average, the monthly cost for a 3 bedroom apartment in South Korea ranges from $800 to $2,500 USD (₩900,000 to ₩2,800,000 KRW).
• If you’re looking for a 3 bedroom apartment within the city of South Korea, the average cost per month is between $1,200 to $2,500 USD (₩1,350,000 to ₩2,800,000 KRW).
• If you prefer to live outside the city of South Korea, the average cost per month for a 3 bedroom apartment is between $800 to $1,600 USD (₩900,000 to ₩1,800,000 KRW).

Cost of a 3 bedroom Apartment in South Korea	Location	Average Cost per Month (USD)	Average Cost per Month (KRW)
Cost of a 3 bedroom Apartment in the city of South Korea	City	$1,200 – $2,500	₩1,350,000 – ₩2,800,000
Cost of a 3 bedroom Apartment outside the city of South Korea	Outside City	$800 – $1,600	₩900,000 – ₩1,800,000

The Cost of a Luxury Apartment in South Korea per month:

• The average monthly cost for a luxury apartment in South Korea ranges from $1,800 to $4,000 USD (₩2,000,000 to ₩4,500,000 KRW) depending on the location.
• If you prefer to live in the city of South Korea, expect to pay between $2,500 to $4,000 USD (₩2,800,000 to ₩4,500,000 KRW) per month for a luxury apartment.
• If you prefer to live outside the city of South Korea, the average cost per month for a luxury apartment is between $1,800 to $2,500 USD (₩2,000,000 to ₩2,800,000 KRW).

Cost of a Luxury apartment in South Korea	Location	Average Cost per Month (USD)	Average Cost per Month (KRW)
Cost of a Luxury apartment in the city of South Korea	City	$2,500 – $4,000	₩2,800,000 – ₩4,500,000
Cost of a Luxury apartment outside the city of South Korea	Outside City	$1,800 – $2,500	₩2,000,000 – ₩2,800,000

Suppose you’re considering renting an apartment in South Korea keep in mind you will have to usually make a large deposit of around $4,500 to rent, but if you don’t want to do this, then you will pay a higher price so if you do pay the deposit you might find a cheap apartment for around 250 but if you don; ‘t that same apartment will rent for around $400 to $600.

In that case, your best bet is to opt for a monthly rental in person, via Facebook Marketplace, Real estate South Korea rental site Helper, Booking.com, and Airbnb.

• To save money on your rental and daily expenses, consider looking for an apartment located in a neighborhood with access to local markets, gyms, and restaurants and short walking distances and safe areas.
• You can also join Facebook groups such as “Digital Nomads in South Korea” or “Expats in South Korea” and South Korea rental group on Facebook to connect with others and potentially find affordable rental options.
• Alternatively, consider staying at a Hostel, Airbnb, hotel monthly, homestay, guesthouse, or bed and breakfast in South Korea for more affordable rates rather than a costly hotel or tourist location.

Monthly Rent in South Korea: Table of Expenses in 2023

Here is a table of expenses for the Cost of rent and Accommodation in South Korea per month:

Cost of Rent in South Korea	Cost per Month (USD)	Cost per Month (KRW)
Cost of a Studio Apartment in South Korea	$300 – $900	350,000 KRW – 1,000,000 KRW
Cost of a 1 Bedroom Apartment in South Korea	$400 – $1,500	460,000 KRW – 1,700,000 KRW
Cost of a 2 Bedroom Apartment in South Korea	$500 – $2,500	580,000 KRW – 2,900,000 KRW
Cost of a 3 Bedroom Apartment in South Korea	$700 – $4,000	810,000 KRW – 4,600,000 KRW
Cost of a Luxury Apartment in South Korea	$1,000 – $6,000	1,200,000 KRW – 7,000,000 KRW

Average Monthly Rent Expense in South Korea	Average Monthly Rent in USD	Average Monthly Rent in KRW
Average monthly rent for a Studio Apartment In South Korea	$500 – $1,100	580,000 KRW – 1,300,000 KRW
Average monthly rent for a 1 Bedroom Apartment In South Korea	$700 – $2,000	810,000 KRW – 2,300,000 KRW
Average monthly rent for a 2 Bedroom Apartment South Korea	$1,000 – $3,500	1,200,000 KRW – 4,000,000 KRW
Average monthly rent for a 3 Bedroom Apartment South Korea	$1,500 – $6,000	1,700,000 KRW – 7,000,000 KRW

Accommodation Type in South Korea	Average Monthly Cost in USD	Average Monthly Cost in KRW
Price of a 1 bedroom apartment in city center	$510 – $1,938	₩576,250 – ₩2,185,000
Price of a 1 bedroom apartment outside city	$316 – $1,138	₩356,250 – ₩1,287,500
Price of a studio apartment in city center	$367 – $1,678	₩413,750 – ₩1,892,500
Price of a studio apartment outside city center	$260 – $1,064	₩293,750 – ₩1,200,000
Price of a shared room in city center	$191 – $651	₩215,625 – ₩734,375
Price of a shared room outside city center	$155 – $512	₩175,000 – ₩578,125
Price of a hotel room (3-star)	$55 – $198	₩62,187 – ₩223,125
Price of a hotel room (5-star)	$119 – $398	₩134,063 – ₩448,125
Price of a 2 bedroom apartment in city center	$764 – $3,876	₩861,875 – ₩4,366,875
Price of a 2 bedroom apartment outside city center	$505 – $1,897	₩570,000 – ₩2,138,125
Price of a 3 bedroom apartment in city center	$1,372 – $6,006	₩1,546,875 – ₩6,766,875
Price of a 3 bedroom apartment outside city center	$846 – $2,691	₩953,437 – ₩3,036,563

Here is a table of estimated costs for rent and accommodation in South Korea:

Housing Accommodation Type in South Korea	Price Range per day (USD)	Price Range per day (KRW)
Hostel	$10 – $40	₩10,000 – ₩50,000
Budget Hotel	$40 – $70	₩50,000 – ₩80,000
Mid-range Hotel	$70 – $150	₩80,000 – ₩170,000
Luxury Hotel	$150 – $300+	₩170,000 – ₩350,000+
Vacation Rental	$50 – $250+	₩60,000 – ₩300,000+
Guest House	$30 – $70	₩40,000 – ₩80,000
Bed & Breakfast	$40 – $150+	₩50,000 – ₩180,000+

Living in South Korea Credible Reliable Sources

Here is a list of Government resources for Visas, Cost of living in South Korea, Facebook Groups, Aprtment rental sites, Tourism Boards, and more to help you with your potential move here! I hope this helps you all as you plan your move here!

• Here is a site to find all the apartment rentals in South Korea a list of 11 Apartment sites and check out Sublet apartment rentals in South Korea Site
• South Korea Facebook Groups: South Korea Foreigners Group and South Korea expat Facebook group to connect with other expats and locals.
• South Korea Tourism Site: South Korea Tourism Board
• South Korea Data from the World Bank and World Data and South Korea Travel Data
• South Korea Embassy for more information like Visas and more from South Korea Embassy
• Government of South Korea
• For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. a cheaper solution to send, spend and receive money internationally rather exchanging money through other platforms like Paypal, Payoneer that cost a lot of money for exchange fees and rates

Cost Of Transportation In South Korea Summary and Table of expenses

Expect to spend from $50 – $300 a month on Transportation, Most People don’t Own a car in South Korea the best way to get around is to use the Subway, High Speed Rail and Scooter, Here’s a breakdown of each transportation option, including costs:

1. Subway (single ride): The subway is a popular and efficient way to travel in South Korea’s major cities. The cost of a single ride ranges from $1.30 to $1.70 USD (1,500 to 2,000 KRW).
2. Subway (monthly pass): For those who use the subway frequently, a monthly pass may be a more cost-effective option. The cost of a monthly pass ranges from $38 to $90 USD (44,000 to 104,000 KRW).
3. Bus (single ride): The public bus system in South Korea is extensive and can be a great way to get around. The cost of a single bus ride ranges from $1.30 to $2.00 USD (1,500 to 2,300 KRW).
4. Bus (monthly pass): Similar to the subway, a monthly pass for the bus system can save money for frequent riders. The cost of a monthly pass ranges from $38 to $90 USD (44,000 to 104,000 KRW).
5. Taxi (starting fare): Taxis are readily available in South Korea and are a convenient option for shorter trips. The starting fare is $3.00 USD (3,500 KRW).
6. Taxi (per km): For longer trips, taxis charge by the distance traveled. The cost per kilometer ranges from $0.10 to $0.20 USD (120 to 230 KRW).
7. Taxi (late night surcharge): Taxis also charge a surcharge for rides taken during late night hours. The surcharge ranges from $1.50 to $3.00 USD (1,700 to 3,500 KRW).
8. Intercity Bus: For travel between cities, intercity buses are a good option. The cost ranges from $10 to $30 USD (11,500 to 34,500 KRW).
9. Train (KTX, high-speed): The KTX is South Korea’s high-speed train system, which can take you quickly between major cities. The cost ranges from $40 to $150 USD (46,000 to 173,000 KRW).
10. Train (Mugunghwa, regular): For shorter distances or regional travel, the Mugunghwa is a regular train option. The cost ranges from $10 to $30 USD (11,500 to 34,500 KRW).
11. Car Rental (per day): For those who prefer to drive themselves, car rental is an option. The cost ranges from $50 to $100 USD (57,000 to 115,000 KRW) per day.
12. Car Rental is renting a car with insurance that costs $40 to $80 USD per day or KRW 44,000 to KRW 88,000 per day.
13. Bicycle Rental is renting a bicycle that costs $2 to $6 USD per hour or KRW 2,500 to KRW 6,000 per hour.
14. Scooter Rental is renting a scooter that costs $20 to $40 USD per day or KRW 22,000 to KRW 44,000 per day.
15. Train is a national train system that costs $20 to $100 USD for standard seats or KRW 22,000 to KRW 110,000 for standard seats.
16. High-speed Train is a high-speed train system that costs $50 to $200 USD for standard seats or KRW 55,000 to KRW 220,000 for standard seats.

Here is a detailed table of estimated costs for public transportation in South Korea:

Transportation Options in South Korea	Cost in USD	Cost in KRW
Subway (single ride)	$1.30 – $1.70	1,500 – 2,000 KRW
Subway (monthly pass)	$38 – $90	44,000 – 104,000 KRW
Bus (single ride)	$1.30 – $2.00	1,500 – 2,300 KRW
Bus (monthly pass)	$38 – $90	44,000 – 104,000 KRW
Taxi (starting fare)	$3.00	3,500 KRW
Taxi (per km)	$0.10 – $0.20	120 – 230 KRW
Taxi (late night surcharge)	$1.50 – $3.00	1,700 – 3,500 KRW
Intercity Bus	$10 – $30	11,500 – 34,500 KRW
Train (KTX, high-speed)	$40 – $150	46,000 – 173,000 KRW
Train (Mugunghwa, regular)	$10 – $30	11,500 – 34,500 KRW
Car Rental (per day)	$50 – $100	57,000 – 115,000 KRW

Best Transportation Options in South Korea	Description	Cost in USD	Cost in KRW
Subway	Public underground train system	$1.20 – $2.30 per ride	KRW 1,350 – KRW 2,700 per ride
Bus	Public bus system	$1.10 – $2.20 per ride	KRW 1,200 – KRW 2,400 per ride
Taxi	Private taxi service	$2.20 – $5.50 for initial fare, $0.10 – $0.50 for each additional 144m	KRW 3,000 – KRW 6,000 for initial fare, KRW 120 – KRW 600 for each additional 144m
Car Rental	Renting a car with insurance	$40 – $80 per day	KRW 44,000 – KRW 88,000 per day
Bicycle Rental	Renting a bicycle	$2 – $6 per hour	KRW 2,500 – KRW 6,000 per hour
Scooter Rental	Renting a scooter	$20 – $40 per day	KRW 22,000 – KRW 44,000 per day
Train	National train system	$20 – $100 for standard seats	KRW 22,000 – KRW 110,000 for standard seats
High-speed Train	High-speed train system	$50 – $200 for standard seats	KRW 55,000 – KRW 220,000 for standard seats

Additionally, here are some other related expenses:

• Gasoline (1 gallon): around $4 – $7 per gallon.

Monthly Cost Of Gas and Petrol For Scooter in South Korea	Cost in USD	Cost In KRW
Average monthly cost for gasoline, Petrol for scooter	$30 – $110	KRW 39,000 – 144,000 KRW

Ultimately, we recommend renting a using the public transportation Subway, High Speed Rail, Tram, and Scooter This will give you the best experience, and you can explore South Korea this way we definitely don’t recommend buying a car it is very unnecessary in South Korea.

For more information check out the Government Of transportation in South Korea

Cost of Food and Markets In South Korea Explained: Table Of Expenses 2023

The cost of food in South Korea can vary depending on your lifestyle, dining preferences, and dietary restrictions. Here is a breakdown of the average monthly costs for food in South Korea:

• The average monthly cost of local food in South Korea ranges from $250 to $400 USD or 290,000 to 460,000 KRW.
• Mid-range restaurants in South Korea have an average monthly cost ranging from $400 to $800 USD or 460,000 to 920,000 KRW.
• The cost of dining at fine dining restaurants in South Korea averages between $800 to $1,500 USD or 920,000 to 1,730,000 KRW per month.
• For groceries in South Korea, you can expect to spend between $200 to $400 USD or 230,000 to 460,000 KRW monthly.
• Supermarkets that sell imported goods in South Korea have an average monthly cost ranging from $500 to $800 USD or 580,000 to 920,000 KRW.
• If you prefer street food in South Korea, you can expect to spend between $100 to $200 USD or 115,000 to 230,000 KRW per month.
• Specialty food stores in South Korea have an average monthly cost ranging from $200 to $400 USD or 230,000 to 460,000 KRW.

Overall, the monthly cost of food in South Korea ranges from $250 to $1,500 USD or 290,000 to 1,730,000 KRW.

Here is a table of expenses for the Cost of Food in South Korea per month:

Cost of Food in South Korea	Average Monthly Cost (USD)	Average Monthly Cost (KRW)
Local food in South Korea	$250 – $400	290,000 – 460,000 KRW
Mid-range restaurants South Korea	$400 – $800	460,000 – 920,000 KRW
Fine dining restaurants South Korea	$800 – $1,500	920,000 – 1,730,000 KRW
Groceries South Korea	$200 – $400	230,000 – 460,000 KRW
Supermarkets (imported goods)	$500 – $800	580,000 – 920,000 KRW
Street food South Korea	$100 – $200	115,000 – 230,000 KRW
Specialty food stores	$200 – $400	230,000 – 460,000 KRW
Overall Monthly Cost of Food in South Korea	$250 – $1,500	290,000 – 1,730,000 KRW

Average Monthly Food Costs in South Korea	Cost in USD	Cost in KRW
Local Food Markets, Street food and Local Supermarkets and cheaper dining options	$250 – $400	290,000 – 460,000 KRW
Eating out at Mid range restaurants and expensive restaurants per month (No Budget)	$400 – $1,500	460,000 – 1,730,000 KRW

Here is an example table of expenses for the average monthly food and grocery costs in South Korea:

Monthly Food Expenses in South Korea	Cost in USD	Cost in KRW
Average monthly cost for groceries	$200 – $400	230,000 – 460,000 KRW
Average monthly cost for dining out	$400 – $1,000	460,000 – 1,150,000 KRW
Average monthly cost for miscellaneous food items	$100 – $200	115,000 – 230,000 KRW
Total average monthly cost for food in South Korea	$300 – $1,500	400,000 – 1,730,000 KRW

Cost Of Food and Groceries In a Supermarket in South Korea	Estimated Cost (USD)	Estimated Cost (KRW)
Milk (1 liter)	$2.21 – $2.92	2,600 KRW – 3,400 KRW
Bread (500g loaf)	$1.53 – $2.18	1,800 KRW – 2,600 KRW
Rice (1kg)	$2.21 – $3.05	2,600 KRW – 3,600 KRW
Chicken (1kg)	$5.30 – $7.17	6,200 KRW – 8,400 KRW
Apples (1kg)	$2.92 – $4.63	3,400 KRW – 5,400 KRW
Oranges (1kg)	$2.18 – $3.05	2,600 KRW – 3,600 KRW
Eggs (1 dozen)	$2.63 – $3.76	3,100 KRW – 4,400 KRW
Cheese (1kg)	$8.42 – $11.84	9,900 KRW – 13,900 KRW
Beef (1kg)	$10.60 – $17.37	12,400 KRW – 20,400 KRW
Potatoes (1kg)	$1.76 – $2.21	2,100 KRW – 2,600 KRW
Tomatoes (1kg)	$2.07 – $2.63	2,400 KRW – 3,100 KRW
Onion (1kg)	$1.32 – $1.84	1,500 KRW – 2,200 KRW
Water (1.5 liter bottle)	$0.84 – $1.32	1,000 KRW – 1,550 KRW
Soft drink (1.5 liter bottle)	$1.32 – $2.18	1,550 KRW – 2,550 KRW
Beer (330ml bottle)	$1.32 – $1.84	1,550 KRW – 2,200 KRW
Wine (mid-range bottle)	$11.05 – $23.68	13,000 KRW – 27,800 KRW
Fast food meal	$4.21 – $7.89	4,950 KRW – 9,300 KRW
Restaurant meal (mid-range)	$7.89 – $14.48	9,300 KRW – 17,000 KRW

Here is a table of estimated costs for food and Groceries in supermarkets in South Korea:

Cost of Groceries and Food in South Korea	USD	KRW
Meal, Inexpensive Restaurant	USD 5.00 – USD 8.00	KRW 6,000 – KRW 8,000
Meal for 2, Mid-range Restaurant, Three-course	USD 30.00 – USD 50.00	KRW 35,000 – KRW 70,000
Combo Meal at McDonalds or Similar	USD 6.00 – USD 7.00	KRW 5,000 – KRW 6,000
Domestic Beer (0.5 liter draught)	USD 3.00 – USD 5.00	KRW 4,000 – KRW 6,000
Imported Beer (0.33 liter bottle)	USD 4.00 – USD 7.00	KRW 35,000 – KRW 62,000
Cappuccino (regular)	USD 3.00 – USD 5.00	KRW 3,500 – KRW 5,000
Coke/Pepsi (0.33 liter bottle)	USD 1.00 – USD 2.00	KRW 1,000 – KRW 2,000
Water (0.33 liter bottle)	USD 1.00 – USD 2.00	KRW 1,000 – KRW 2,000
Milk (regular), (1 liter)	USD 1.50 – USD 2.50	KRW 1,500 – KRW 3,000
Loaf of Fresh White Bread (500g)	USD 1.50 – USD 2.50	KRW 1,500 – KRW 2,500
Rice (white), (1kg)	USD 2.00 – USD 4.00	KRW 2,000 – KRW 4,000
Eggs (regular) (12)	USD 2.00 – USD 3.00	KRW 2,000 – KRW 3,000
Local Cheese (1kg)	USD 8.00 – USD 10.00	KRW 54,000 – KRW 78,000
Chicken Breasts (Boneless, Skinless), (1kg)	USD 7.00 – USD 10.00	KRW 7,000 – KRW 10,000
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	USD 12.00 – USD 18.00	KRW 12,000 – KRW 18,000
Apples (1kg)	USD 2.00 – USD 4.00	KRW 2,000 – KRW 4,000
Banana (1kg)	USD 1.50 – USD 3.00	KRW 1,500 – KRW 3,000
Oranges (1kg)	USD 2.00 – USD 4.00	KRW 2,000 – KRW 4,000
Tomato (1kg)	USD 2.00 – USD 4.00	KRW 2,000 – KRW 4,000
Potato (1kg)	USD 1.50 – USD 3.00	KRW 1,870 – KRW 2,800
Onion (1kg)	$1.76 – $2.64	KRW 1,870 – KRW 2,800
Lettuce	$0.88 – $1.76	KRW 935 – KRW 2,000
Water (1.5 liter bottle)	$0.98 – $1.65	KRW 1,200 – KRW 2,300
Bottle of Wine (Mid-Range)	$16.00 – $20.00	KRW 20,000 – KRW 30,000

Cost of Utilities in South Korea Summary and Table of Expenses 2023

Here is a detailed breakdown of the estimated monthly cost of utilities in South Korea:

1. Basic electricity and gas: The estimated monthly cost in South Korea ranges from $120 to $200 (KRW 139,000 – KRW 231,667). This cost can vary depending on factors such as the size of the apartment or house and the season.
2. Water: The estimated monthly cost of water in South Korea is relatively low, ranging from $10 to $20 (KRW 11,583 – KRW 23,167).
3. Internet (Broadband): The estimated monthly cost of broadband internet in South Korea ranges from $25 to $50 (KRW 28,958 – KRW 57,917). South Korea is known for its high-speed internet infrastructure; many providers offer reliable and fast internet services.
4. Mobile phone sim card (Prepaid): For those who prefer prepaid phone plans, the estimated monthly cost of a mobile phone sim card in South Korea ranges from $10 to $20 (KRW 11,583 – KRW 23,167).
5. Mobile phone plan (Postpaid): For those who prefer postpaid phone plans, the estimated monthly cost of a mobile phone plan in South Korea ranges from $30 to $50 (KRW 34,750 – KRW 57,917).
6. Mobile phone plan (Unlimited data): For those who require unlimited data, the estimated monthly cost of a mobile phone plan with unlimited data in South Korea ranges from $45 to $65 (KRW 52,125 – KRW 75,542).

Total cost of utilities in South Korea: The total estimated monthly cost of utilities in South Korea, including basic electricity and gas, water, internet, and mobile phone plans, ranges from $100 to $300 (KRW 130,000 – KRW 390,000). This cost can vary depending on individual usage and service providers.

Here is an example table of expenses for the average monthly utilities in South Korea:

Monthly Cost of Utilities in South Korea	Estimated Monthly Cost (USD)	Estimated Monthly Cost (KRW)
Basic electricity/gas	$120 – $200	KRW 139,000 – KRW 231,667
Water	$10 – $20	KRW 11,583 – KRW 23,167
Internet (Broadband)	$25 – $50	KRW 28,958 – KRW 57,917
Mobile phone sim card (Prepaid)	$10 – $20	KRW 11,583 – KRW 23,167
Mobile phone plan (Postpaid)	$30 – $50	KRW 34,750 – KRW 57,917
Mobile phone plan (Unlimited data)	$45 – $65	KRW 52,125 – KRW 75,542
Total Cost of utilities in South Korea	$100 – $300	KRW 130,000 – KRW 390,000

Pros and Cons of Living in South Korea: Is it the Right Choice for You?

Pros of living in South Korea:

1. Low crime rate – South Korea has one of the lowest crime rates in the world, making it a safe place to live.
2. High standard of living – The quality of life in South Korea is high, with excellent healthcare, education, and infrastructure.
3. Efficient public transportation – South Korea has a well-developed transportation system, including reliable, safe, safe, and affordable subways, buses, and trains.
4. Excellent healthcare system – South Korea has a universal healthcare system that is affordable and provides high-quality medical care.
5. Affordable cost of living – Despite being a developed country, the cost of living in South Korea is relatively affordable compared to other developed nations.
6. Beautiful natural landscapes and cultural landmarks – South Korea is a country rich in natural beauty and cultural heritage, with numerous national parks, temples, and palaces.
7. Advanced technology and infrastructure – South Korea is a technologically advanced country with a strong focus on innovation and development.
8. Vibrant food and nightlife scenes – South Korea offers a diverse range of delicious food options and a vibrant nightlife scene.
9. Strong sense of community and family values – South Koreans value family, community, and social connections creating a supportive and caring environment.
10. Opportunities to learn the Korean language and culture – Living in South Korea provides opportunities to learn the Korean language and immerse oneself in Korean culture.

Cons of living in South Korea:

1. High levels of air pollution in some areas – South Korea experiences high levels of air pollution in some areas, particularly during certain seasons.
2. Competitive job market – The job market in South Korea is highly competitive, making it challenging to find employment.
3. Limited English proficiency in some areas – While many Koreans speak English, there are areas where English proficiency is limited, making communication difficult for foreigners.
4. Strict social hierarchies and pressure to conform – South Korea has strict social hierarchies and a strong emphasis on conformity, which can be challenging for individuals who value individuality and diversity.
5. Long working hours and high stress levels – The work culture in South Korea is known for its long working hours and high stress levels, leading to burnout and health issues.
6. Limited personal space in public areas – South Korea is a densely populated country, and personal space in public areas can be limited, making it challenging for those who value privacy.
7. Strict laws and regulations – South Korea has strict laws and regulations, which can be challenging for foreigners to navigate.
8. Culture shock for foreigners – Living in a foreign country can be challenging, and adjusting to Korean culture and customs can be overwhelming for some.
9. Harsh winters with heavy snowfall – South Korea experiences cold winters with heavy snowfall, which can be difficult for those who are not accustomed to such weather.
10. It is hard to learn Korean – Korean is a difficult language, and many foreigners struggle with mastering it.
11. Close to Geopolitical Conflict with North Korea – South Korea is located close to North Korea, which can be a source of tension and geopolitical conflict.

Pros and Cons of Living in South Korea Table:

Pros of living in South Korea	Cons of living in South Korea
Low crime rate	High levels of air pollution in some areas
High standard of living	Competitive job market
Efficient public transportation	Limited English proficiency in some areas
Excellent healthcare system	Strict social hierarchies and pressure to conform
Affordable cost of living	Long working hours and high stress levels
Beautiful natural landscapes and cultural landmarks	Limited personal space in public areas
Advanced technology and infrastructure	Strict laws and regulations
Vibrant food and nightlife scenes	Culture shock for foreigners
Strong sense of community and family values	Harsh winters with heavy snowfall
Opportunities to learn the Korean language and culture	Hard to learn the Korean Language
Emphasis on education and intellectual growth	Close to Geopolitical Conflict with North Korea

Leisure, Activities and Things to do in South Korea

South Korea is a fascinating country with a rich cultural heritage, delicious cuisine, and breathtaking natural landscapes. From ancient palaces and temples to modern skyscrapers and amusement parks, there is no shortage of things to see and do in South Korea.

Here are the 17 things to do in South Korea:

1. Visit Gyeongbokgung Palace in Seoul, one of the most iconic landmarks in Korea.
2. Visit Gyeongbokgung Palace in Seoul, one of the most iconic landmarks in Korea.
3. Explore the traditional Korean houses in Bukchon Hanok Village.
4. Take a walk along the Cheonggyecheon Stream, a popular spot for locals and tourists.
5. Shop for traditional Korean souvenirs and street food at the famous Myeong-dong shopping district.
6. Discover the Korean War’s history at the Korea War Memorial in Seoul.
7. Take a trip to Jeju Island, a volcanic island known for its natural beauty.
8. Visit the ancient capital of Gyeongju, home to numerous UNESCO World Heritage sites.
9. Enjoy the stunning views of Seoraksan National Park, a popular hiking destination.
10. Experience the vibrant nightlife in Hongdae, a trendy neighborhood in Seoul.
11. Learn about traditional Korean tea culture at a traditional tea house.
12. Try the local cuisine, including bibimbap, kimchi, and Korean BBQ.
13. Watch a Korean baseball game, a popular pastime in the country.
14. Visit the DMZ (Demilitarized Zone), a buffer zone between North and South Korea.
15. Learn about Korean traditional arts, including pottery, calligraphy, and dance.
16. Relax at a traditional Korean bathhouse (jjimjilbang) and enjoy the sauna and hot tubs.
17. Attend a K-pop concert or visit a K-pop museum to experience the Korean Wave.

Check out The Best things to do in South Korea here on Viator!

Healthcare Costs in South Korea

Medical care in South Korea is World Class and definitely reliable.

SafetyWing Insurance is an innovative travel insurance solution designed for travelers, digital nomads, and remote workers. Whether you’re on a gap year, working abroad, or traveling for business, SafetyWing offers a comprehensive coverage plan to keep you protected and secure during your journey.

Here are just a few reasons why you should try SafetyWing Insurance for your next trip:

1. Global Coverage: SafetyWing insurance covers you anywhere in the world, including countries that many other insurance companies exclude.
2. Affordable: SafetyWing offers affordable, more cost-effective insurance options than many other travel insurance plans.
3. Easy to Use: With SafetyWing, you can sign up, manage your policy, and file claims all from the comfort of your phone or computer.
4. Wide Range of Coverage: SafetyWing offers coverage for a variety of events, including medical emergencies, trip cancellations, lost or stolen property, and more.
5. 24/7 Support: SafetyWing provides 24/7 support to its customers, so you can get help when you need it, no matter where you are in the world.

We suggest you also have it, especially if you live as an expat and digital nomad in South Korea. We always use SafetyWing for international travel insurance and medical concerns. They start at $45 a month! It’s incredible and always reliable!

Main FAQS Section About South Korea:

Cost Of Living in South Korea Conclusion

We hope that you have found this blog post helpful! We went all out and summarized the cost of living in South Korea and provided a table of expenses, information on rent, accommodation, food costs, videos, Facebook Groups, Tourism Boards and more from our time living there as digital nomads!

We will be continually updating this blog post! Also, below are many excellent travel resources that will help you in your Journey around the world and helping you on your journey to South Korea!

Related Posts for South Korea:

• COST Of Living In SEOUL South Korea 2023 [Expat Budget Guide]

Travel Resources and Reliable Sources For South Korea

• Booking Flights: To score insane flight deals, search on Google Flights, Skyscanner. Money-saving tips: fly in the middle of the week, on the weekend; fly carry-on only on a budget airline, and take red-eyes or early morning flights.
• Money Exchanging for Digital Nomads and expats: For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. Wise is a cheaper solution to send, spend and receive money internationally rather exchanging money through other platforms like Paypal, Payoneer that cost a lot of money for exchange fees and rates.
• Tours, tour packages, activities and booking private drivers: We love booking guided tours, especially food and walking tours, to get a local’s perspective and a history lesson while sight-seeing! We reserve our tours using Viator, and GetYourGuide for professional service.
• Accommodations: We usually stay in budget-friendly vacation rentals, boutique hotels, or private hostel rooms. We use Booking.com to book hotels (we love their flexible cancellation policy) and Hostelworld to book hostels (low deposit, easy change/cancellation, and excellent reviews). We use Airbnb monthly for weekly or monthly rentals, where you can get an entire villa for a monthly fee in for under $400 a month! You can also book vacation rentals on Expedia USA, Expedia UK, Hotels.com, and Vrbo, like Airbnb.
• Travel Insurance: We always have travel insurance monthly for international trips and living abroad. We STRONGLY suggest that you have it as well, just in case other digital nomads live abroad, and we always use SafetyWing for international travel insurance and medical concerns. SafetyWing is one of the few policies covering Covid-19, and they start at $42 a month! It’s incredible and always reliable! SafetyWing is perfect for Digital Nomads and long-term travelers!
• Travel Credit Cards
• Vaccines & Meds: We use the travel guides on the CDC website to research recommended medications and vaccines for international trips. You can get them at your primary care doctor’s office or a walk-in pharmacy.
• Transportation: We use GetTransfer, and the local Uber-type apps in different countries. Usually, that is GrabGrab.
• VPN Service: A VPN keeps your digital information (like website login details, bank info, etc.) safe, even when you’re connected to an unsecured network while traveling. Plus, it lets you use Netflix & other streaming sites abroad! We use NordVPN!

If you want to keep up with our travels, go ahead and follow us on our travel page on Instagram @onelifepassport! Comment below what else you would like to know/see about our experiences traveling the world! Also, check out our YouTube Channel!

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