Cost of living comparison
Seoul is 12.4% more expensive than Madrid.
If you lived in Seoul instead of Madrid, you would:
pay 42.5% less for restaurants
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$13.19
€12.32
|
$6.84
₩9,421
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.80
€8.22
|
$6.08
₩8,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.53
€2.36
|
$1.56
₩2,154
|
|
| Bottle of water (11 fl. oz) |
$1.74
€1.62
|
$0.82
₩1,127
|
|
pay 2.1 times more for groceries
|
Madrid
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.25
€1.17
|
$3.17
₩4,372
|
|
| Local cheese (8 oz) |
$5.92
€5.53
|
$5.72
₩7,877
|
|
| Milk (1 gallon) |
$3.90
€3.65
|
$8.47
₩11,673
|
|
|
Eggs
1 dozen
|
$2.69
€2.51
|
$3.83
₩5,281
|
|
| Boneless chicken breast (1 lb) |
$3.74
€3.50
|
$4.85
₩6,685
|
|
| Apples (1 lb) |
$1.08
€1.01
|
$2.90
₩3,990
|
|
| Bananas (1 lb) |
$0.98
€0.91
|
$1.67
₩2,297
|
|
| Oranges (1 lb) |
$0.86
€0.80
|
$2.82
₩3,879
|
|
| Tomatoes (1 lb) |
$1.03
€0.96
|
$2.77
₩3,810
|
|
| Potatoes (1 lb) |
$0.67
€0.63
|
$1.68
₩2,320
|
|
| Onions (1 lb) |
$0.74
€0.69
|
$1.38
₩1,898
|
|
pay 19.0% less for transportation
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.44
€6.95
|
$5.41
₩7,453
|
|
| Monthly public transit pass |
$59.37
€55.46
|
$41.78
₩57,571
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,693.49
€25,868.65
|
$31,904.23
₩43,963,384
|
|
| Taxi trip in downtown area (5 miles) |
$13.63
€12.73
|
$8.96
₩12,352
|
|
pay 20.5% less for housing
|
Madrid
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.19
€31.93
|
$21.92
₩30,199
|
|
| 1-Bedroom apartment in downtown area |
$1,094.67
€1,022.54
|
$768.77
₩1,059,352
|
|
| 1-Bedroom apartment outside city center |
$816.29
€762.50
|
$592.83
₩816,914
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$125.07
€116.83
|
$138.80
₩191,258
|
|
pay 33.5% more for childcare
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$529.47
€494.58
|
$384.99
₩530,505
|
|
| Middle school for 1 child, two semesters |
$9,499.24
€8,873.30
|
$18,449.76
₩25,423,398
|
|
pay 17.9% more for entertainment and sports
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.30
€3.08
|
$3.80
₩5,234
|
|
| Cappuccino in mid-range area |
$2.17
€2.03
|
$3.92
₩5,408
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.61
€5.24
|
$3.42
₩4,710
|
|
| Monthly membership at local gym |
$41.71
€38.96
|
$52.16
₩71,879
|
|
| Movie ticket to theater/cinema |
$9.90
€9.24
|
$10.63
₩14,654
|
|
pay 7.5% more for clothing
|
Madrid
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$67.45
€63.01
|
$60.78
₩83,748
|
|
|
Regular dress
from H&M or similar store
|
$35.01
€32.71
|
$43.57
₩60,044
|
|
|
Running shoes
Nike or Adidas
|
$76.87
€71.81
|
$72.02
₩99,236
|
|
| Men's business shoes (leather) |
$94.21
€88.00
|
$114.47
₩157,733
|
|
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