Cost of living comparison
Seoul is 3.9% cheaper than Reykjavik.
If you lived in Seoul instead of Reykjavik, you would:
pay 55.4% less for restaurants
Reykjavik
|
Seoul
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.40
kr2,587
|
$6.84
₩9,421
|
|
Fast food combo meal
McDonalds, or similar
|
$15.62
kr2,196
|
$6.08
₩8,375
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.53
kr356
|
$1.56
₩2,154
|
|
Bottle of water (11 fl. oz) |
$2.03
kr285
|
$0.82
₩1,127
|
|
pay 36.1% more for groceries
Reykjavik
|
Seoul
|
||
---|---|---|---|
Bread
1 loaf
|
$3.40
kr479
|
$3.17
₩4,372
|
|
Local cheese (8 oz) |
$7.20
kr1,011
|
$5.72
₩7,877
|
|
Milk (1 gallon) |
$5.90
kr829
|
$8.47
₩11,674
|
|
Eggs
1 dozen
|
$5.64
kr793
|
$3.83
₩5,281
|
|
Boneless chicken breast (1 lb) |
$8.08
kr1,136
|
$4.85
₩6,686
|
|
Apples (1 lb) |
$1.57
kr220
|
$2.90
₩3,990
|
|
Bananas (1 lb) |
$0.93
kr131
|
$1.67
₩2,297
|
|
Oranges (1 lb) |
$1.23
kr173
|
$2.82
₩3,880
|
|
Tomatoes (1 lb) |
$2.22
kr311
|
$2.77
₩3,811
|
|
Potatoes (1 lb) |
$1.24
kr175
|
$1.68
₩2,320
|
|
Onions (1 lb) |
$0.69
kr97
|
$1.38
₩1,898
|
|
pay 39.8% less for transportation
Reykjavik
|
Seoul
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.90
kr1,250
|
$5.41
₩7,453
|
|
Monthly public transit pass |
$65.56
kr9,215
|
$41.78
₩57,576
|
|
New Volkswagen Golf 1.4 (standard edition) |
$37,150.35
kr5,221,853
|
$31,904.23
₩43,966,837
|
|
Taxi trip in downtown area (5 miles) |
$29.44
kr4,139
|
$8.96
₩12,353
|
|
pay 18.7% less for housing
Reykjavik
|
Seoul
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$64.04
kr9,002
|
$21.92
₩30,201
|
|
1-Bedroom apartment in downtown area |
$1,613.16
kr226,746
|
$768.77
₩1,059,435
|
|
1-Bedroom apartment outside city center |
$1,379.70
kr193,931
|
$592.83
₩816,979
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.31
kr9,743
|
$138.80
₩191,273
|
|
pay 2.2 times more for childcare
Reykjavik
|
Seoul
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$282.44
kr39,699
|
$384.99
₩530,546
|
|
Middle school for 1 child, two semesters |
$6,058.18
kr851,537
|
$18,449.76
₩25,425,395
|
|
pay 37.7% less for entertainment and sports
Reykjavik
|
Seoul
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.47
kr1,331
|
$3.80
₩5,234
|
|
Cappuccino in mid-range area |
$4.53
kr636
|
$3.92
₩5,409
|
|
Pack of cigarettes
Marlboro or similar
|
$11.66
kr1,638
|
$3.42
₩4,711
|
|
Monthly membership at local gym |
$67.30
kr9,460
|
$52.16
₩71,885
|
|
Movie ticket to theater/cinema |
$13.66
kr1,920
|
$10.63
₩14,656
|
|
pay 32.1% less for clothing
Reykjavik
|
Seoul
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.17
kr15,204
|
$60.78
₩83,755
|
|
Regular dress
from H&M or similar store
|
$43.41
kr6,102
|
$43.57
₩60,049
|
|
Running shoes
Nike or Adidas
|
$137.74
kr19,361
|
$72.02
₩99,244
|
|
Men's business shoes (leather) |
$182.49
kr25,651
|
$114.47
₩157,746
|
|
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