Cost of living in Gongju
Gongju, 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 considering relocation or planning a visit.
This guide provides a detailed breakdown of expenses in Gongju, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $6.44 on average, with a range between $5.72 and $9.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.76, with prices ranging from $28.6 to $71.51.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.9, with a range between $5.36 and $6.51.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.58 to $4.29, imported beer $5.01 to $6.44, cappuccino $2.15 to $4.65, and Coke/Pepsi $0.93 to $2.5.
Grocery Prices
- Milk - Milk is priced between $1.79 and $2.5 per liter, averaging $2.24.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.79 and $5.01, with an average price of $3.58.
- Eggs (Dozen) - A dozen eggs range from $2 to $4.29, averaging $3.2.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.15 to $12.16 per kg, while oranges range from $5.36 to $8.58 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.15 and $7.15 per kg, and lettuce costs $1.07 to $3.58 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.18 per liter.
- Taxi Fares - Taxi fares start at $2.72, with a cost of $0.72 to $1.72 per km and $14.3 to $17.88 per hour of waiting.
Housing Costs
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $8920.05.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $8920.05.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $131.7 and $286.05, averaging $174.11.
- Internet - Internet services range from $14.3 to $32.18, with an average cost of $22.35.
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
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Gongju offers a relatively affordable cost of living compared to larger South Korean cities, with reasonable prices for dining and groceries.
Housing costs, particularly for purchasing property, are significant, reflecting the city's development and appeal.
Transportation and utilities are moderately priced, making Gongju a balanced choice for residents seeking a mix of affordability and quality of life.
Conclusion
In conclusion, Gongju presents a cost-effective living environment with its affordable dining and grocery options.
While housing prices for buying are on the higher side, the overall expenses remain manageable, making it an attractive option for both locals and expatriates.
Prospective residents should consider their housing needs and budget accordingly to make the most of living in this culturally rich city.