Cost of living comparison
South Korea is 19.5% more expensive than Iceland.
If you lived in South Korea instead of Iceland, you would:
pay 59.2% less for restaurants
Iceland
|
South Korea
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,519
|
$6.13
₩8,425
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,015
|
$5.18
₩7,118
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr327
|
$1.41
₩1,933
|
|
Bottle of water (11 fl. oz) |
$2.12
kr300
|
$0.67
₩928
|
|
pay 42.0% more for groceries
Iceland
|
South Korea
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr484
|
$2.74
₩3,770
|
|
Local cheese (8 oz) |
$5.98
kr845
|
$8.12
₩11,160
|
|
Milk (1 gallon) |
$5.33
kr752
|
$7.20
₩9,897
|
|
Eggs
1 dozen
|
$5.66
kr799
|
$2.73
₩3,755
|
|
Boneless chicken breast (1 lb) |
$7.09
kr1,002
|
$3.58
₩4,927
|
|
Apples (1 lb) |
$1.16
kr164
|
$2.90
₩3,981
|
|
Bananas (1 lb) |
$0.98
kr139
|
$1.51
₩2,075
|
|
Oranges (1 lb) |
$1.17
kr166
|
$2.66
₩3,658
|
|
Tomatoes (1 lb) |
$1.84
kr259
|
$2.29
₩3,151
|
|
Potatoes (1 lb) |
$0.96
kr135
|
$1.40
₩1,920
|
|
Onions (1 lb) |
$0.51
kr72
|
$1.08
₩1,490
|
|
pay 36.8% less for transportation
Iceland
|
South Korea
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,135
|
$4.92
₩6,769
|
|
Monthly public transit pass |
$77.40
kr10,932
|
$43.73
₩60,105
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,214,452
|
$28,660.56
₩39,393,791
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,385
|
$9.34
₩12,832
|
|
pay 38.0% less for housing
Iceland
|
South Korea
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,814
|
$21.09
₩28,987
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr202,996
|
$392.42
₩539,382
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr171,707
|
$302.43
₩415,688
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,694
|
$111.18
₩152,811
|
|
pay 4.1 times more for childcare
Iceland
|
South Korea
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr36,632
|
$342.96
₩471,391
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr388,451
|
$18,987.50
₩26,098,224
|
|
pay 40.8% less for entertainment and sports
Iceland
|
South Korea
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,204
|
$2.92
₩4,011
|
|
Cappuccino in mid-range area |
$4.15
kr587
|
$3.29
₩4,521
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,502
|
$3.45
₩4,742
|
|
Monthly membership at local gym |
$56.90
kr8,037
|
$44.03
₩60,514
|
|
Movie ticket to theater/cinema |
$12.27
kr1,734
|
$8.93
₩12,268
|
|
pay 42.1% less for clothing
Iceland
|
South Korea
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,678
|
$48.44
₩66,584
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,117
|
$44.60
₩61,301
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,345
|
$75.46
₩103,715
|
|
Men's business shoes (leather) |
$175.20
kr24,747
|
$91.03
₩125,126
|
|
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