Cost of living in Goseong
Goseong, located in South Korea, offers a unique blend of cultural heritage and modern living. Understanding the cost of living in this city is crucial for anyone considering relocation or planning a visit.
This guide provides a detailed breakdown of expenses in Goseong, 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 $6.41 on average, with a range between $5.55 and $9.26.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.6, with prices ranging from $35.6 to $53.4.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.98, with a range between $4.27 and $5.7.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.21 to $4.98, imported beer $4.27 to $7.12, cappuccino $2.85 to $4.63, and Coke/Pepsi $1.28 to $1.78.
Grocery Prices
- Milk - Milk is priced between $1.42 and $2.14 per liter, averaging $1.93.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.85 and $5.7, with an average price of $2.58.
- Eggs (Dozen) - A dozen eggs range from $1.99 to $3.25, averaging $2.52.
- Fruits (e.g., Apples, Oranges) - Apples cost $7.12 to $14.24 per kg, while oranges range from $2.14 to $7.12 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $4.27 and $5.7 per kg, and lettuce costs $1.07 to $2.14 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.14 and $1.21 per liter.
- Taxi Fares - Taxi fares start at $2.35, with a cost of $0 per km and $0 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs $26,864.17, while a Toyota Corolla is priced at $10,679.88.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for preschool is between $249.2 and $327.52, averaging $275.3.
- International Primary School, Yearly for 1 Child - The yearly cost for international primary school ranges from $32,039.64 to $35,599.6, averaging $33,819.62.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $106.8 and $178, averaging $145.96.
- Internet - Internet services range from $21.36 to $28.48, with an average cost of $23.73.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $17.8 and $49.13, averaging $42.29.
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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Salaries And Financing
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"Key Takeaways"
Goseong offers a relatively affordable cost of living compared to larger South Korean cities, with reasonable prices for dining and groceries.
Transportation costs are moderate, with affordable gasoline prices and competitive car purchase options.
Utilities and internet services are reasonably priced, making it manageable for residents to maintain a comfortable lifestyle.
Conclusion
In conclusion, Goseong presents a balanced cost of living, making it an attractive option for those seeking affordability without sacrificing quality of life.
Whether you're planning to move or just visiting, understanding these costs can help you budget effectively and enjoy your time in this vibrant city.