Cost of living comparison
South Korea is 3.0 times more expensive than Ghana.
If you lived in South Korea instead of Ghana, you would:
pay 2.2 times more for restaurants
Ghana
|
South Korea
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$3.39
GHS44.01
|
$6.13
₩8,242
|
|
Fast food combo meal
McDonalds, or similar
|
$5.85
GHS76.02
|
$5.18
₩6,964
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.51
GHS6.65
|
$1.41
₩1,891
|
|
Bottle of water (11 fl. oz) |
$0.20
GHS2.55
|
$0.67
₩907
|
|
pay 2.4 times more for groceries
Ghana
|
South Korea
|
||
---|---|---|---|
Bread
1 loaf
|
$1.07
GHS13.96
|
$2.74
₩3,688
|
|
Local cheese (8 oz) |
$3.60
GHS46.74
|
$8.12
₩10,917
|
|
Milk (1 gallon) |
$6.56
GHS85.18
|
$7.20
₩9,682
|
|
Eggs
1 dozen
|
$1.39
GHS18.00
|
$2.73
₩3,673
|
|
Boneless chicken breast (1 lb) |
$1.51
GHS19.67
|
$3.58
₩4,820
|
|
Apples (1 lb) |
$0.91
GHS11.80
|
$2.90
₩3,894
|
|
Bananas (1 lb) |
$0.59
GHS7.68
|
$1.51
₩2,030
|
|
Oranges (1 lb) |
$0.63
GHS8.25
|
$2.66
₩3,579
|
|
Tomatoes (1 lb) |
$0.79
GHS10.22
|
$2.29
₩3,083
|
|
Potatoes (1 lb) |
$0.83
GHS10.81
|
$1.40
₩1,878
|
|
Onions (1 lb) |
$0.71
GHS9.21
|
$1.08
₩1,457
|
|
pay 2.8 times more for transportation
Ghana
|
South Korea
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.48
GHS45.25
|
$4.92
₩6,622
|
|
Monthly public transit pass |
$13.79
GHS179.12
|
$43.73
₩58,798
|
|
New Volkswagen Golf 1.4 (standard edition) |
$5,681.67
GHS73,815.46
|
$28,660.56
₩38,536,984
|
|
Taxi trip in downtown area (5 miles) |
$6.37
GHS82.82
|
$9.34
₩12,553
|
|
pay 2.3 times more for housing
Ghana
|
South Korea
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$44.96
GHS584.12
|
$21.09
₩28,356
|
|
1-Bedroom apartment in downtown area |
$532.41
GHS6,917.02
|
$392.42
₩527,651
|
|
1-Bedroom apartment outside city center |
$81.19
GHS1,054.77
|
$302.43
₩406,647
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$27.28
GHS354.39
|
$111.18
₩149,488
|
|
pay 4.7 times more for childcare
Ghana
|
South Korea
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$57.14
GHS742.38
|
$342.96
₩461,138
|
|
Middle school for 1 child, two semesters |
$5,592.22
GHS72,653.36
|
$18,987.50
₩25,530,593
|
|
pay 2.7 times more for entertainment and sports
Ghana
|
South Korea
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.69
GHS9.00
|
$2.92
₩3,924
|
|
Cappuccino in mid-range area |
$1.14
GHS14.86
|
$3.29
₩4,423
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS15.60
|
$3.45
₩4,639
|
|
Monthly membership at local gym |
$30.68
GHS398.58
|
$44.03
₩59,198
|
|
Movie ticket to theater/cinema |
$4.16
GHS54.01
|
$8.93
₩12,001
|
|
pay 3.8 times more for clothing
Ghana
|
South Korea
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$10.55
GHS137.09
|
$48.44
₩65,135
|
|
Regular dress
from H&M or similar store
|
$9.90
GHS128.65
|
$44.60
₩59,968
|
|
Running shoes
Nike or Adidas
|
$27.96
GHS363.28
|
$75.46
₩101,460
|
|
Men's business shoes (leather) |
$27.10
GHS352.07
|
$91.03
₩122,404
|
|
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