Cost of living in Chinhae
Chinhae, a city in South Korea, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone planning to move or visit.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $6.42 on average, with a range between $5.57 and $9.28.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.68, with prices ranging from $35.68 to $53.52.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5, with a range between $4.28 and $5.71.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.21 to $5, imported beer $4.28 to $7.14, cappuccino $2.85 to $4.64, and Coke/Pepsi $1.28 to $1.78.
Grocery Prices
- Milk - Milk is priced between $1.43 and $2.14 per liter, averaging $1.94.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.86 and $5.71, with an average price of $2.59.
- Eggs (Dozen) - A dozen eggs range from $2 to $3.25, averaging $2.53.
- Fruits (e.g., Apples, Oranges) - Apples cost $7.14 to $14.27 per kg, while oranges range from $2.14 to $7.14 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $4.28 and $5.71 per kg, and lettuce costs $1.07 to $2.14 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.21 per liter.
- Taxi Fares - Taxi fares start at $2.28, with a cost of $0 per km and $0 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs $26,926.91, while a Toyota Corolla is priced at $10,704.82.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Data not available.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not available.
- 3-Bedroom Apartment Rent (City Centre) - Data not available.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not available.
- Buying Price per Square Meter (City Centre) - Data not available.
- Buying Price per Square Meter (Outside Centre) - Data not available.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $107.05 and $178.41, averaging $146.3.
- Internet - Internet services range from $21.41 to $28.55, with an average cost of $23.79.
Cost of Living Rankings
The cost of living indices for South Korea are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in South Korea, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Sports And Leisure
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Salaries And Financing
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"Key Takeaways"
Chinhae offers affordable dining options, with inexpensive meals and fast food being particularly budget-friendly.
Grocery prices vary, with some items like bread and apples being more expensive.
Transportation costs are moderate, with gasoline prices being relatively stable.
Housing data is currently unavailable, making it difficult to assess rental and purchase costs.
Utilities and internet services are reasonably priced, contributing to a manageable cost of living.
Conclusion
Chinhae presents a balanced cost of living, with affordable dining and transportation options.
While housing data is lacking, the available information suggests that living expenses are generally manageable.
Prospective residents should consider the variability in grocery prices and plan accordingly.