Cost of living comparison
Seoul is 28.3% more expensive than Iceland.
If you lived in Seoul instead of Iceland, you would:
pay 53.3% less for restaurants
Iceland
|
Seoul
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,504
|
$6.84
₩9,421
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK2,003
|
$6.08
₩8,374
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK325
|
$1.56
₩2,154
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK298
|
$0.82
₩1,127
|
|
pay 58.0% more for groceries
Iceland
|
Seoul
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK481
|
$3.17
₩4,372
|
|
Local cheese (8 oz) |
$5.98
ISK840
|
$5.72
₩7,877
|
|
Milk (1 gallon) |
$5.33
ISK748
|
$8.47
₩11,673
|
|
Eggs
1 dozen
|
$5.66
ISK794
|
$3.83
₩5,281
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK996
|
$4.85
₩6,685
|
|
Apples (1 lb) |
$1.16
ISK163
|
$2.90
₩3,990
|
|
Bananas (1 lb) |
$0.98
ISK138
|
$1.67
₩2,297
|
|
Oranges (1 lb) |
$1.17
ISK164
|
$2.82
₩3,879
|
|
Tomatoes (1 lb) |
$1.84
ISK258
|
$2.77
₩3,810
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$1.68
₩2,320
|
|
Onions (1 lb) |
$0.51
ISK72
|
$1.38
₩1,898
|
|
pay 33.6% less for transportation
Iceland
|
Seoul
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,128
|
$5.41
₩7,453
|
|
Monthly public transit pass |
$77.40
ISK10,866
|
$41.78
₩57,571
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,189,091
|
$31,904.23
₩43,963,384
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,365
|
$8.96
₩12,352
|
|
pay 15.1% less for housing
Iceland
|
Seoul
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,761
|
$21.92
₩30,199
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK201,775
|
$768.77
₩1,059,352
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK170,674
|
$592.83
₩816,914
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,636
|
$138.80
₩191,258
|
|
pay 4.1 times more for childcare
Iceland
|
Seoul
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,412
|
$384.99
₩530,505
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK386,114
|
$18,449.76
₩25,423,398
|
|
pay 30.1% less for entertainment and sports
Iceland
|
Seoul
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,196
|
$3.80
₩5,234
|
|
Cappuccino in mid-range area |
$4.15
ISK583
|
$3.92
₩5,408
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,493
|
$3.42
₩4,710
|
|
Monthly membership at local gym |
$56.90
ISK7,989
|
$52.16
₩71,879
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,723
|
$10.63
₩14,654
|
|
pay 37.2% less for clothing
Iceland
|
Seoul
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,578
|
$60.78
₩83,748
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,075
|
$43.57
₩60,044
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,217
|
$72.02
₩99,236
|
|
Men's business shoes (leather) |
$175.20
ISK24,598
|
$114.47
₩157,733
|
|
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