Cost of living in Goyang
Goyang, a vibrant city in South Korea, offers a unique blend of modern living and cultural heritage. Understanding the cost of living here is crucial for both residents and newcomers.
This guide provides a detailed breakdown of expenses in Goyang, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $6.4 on average, with a range between $5.55 and $10.67.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.58, with prices ranging from $27.04 to $85.4.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.98, with a range between $4.27 and $7.12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.21 to $4.98, imported beer $2.85 to $7.12, cappuccino $2.13 to $4.84, and Coke/Pepsi $1.07 to $2.49.
Grocery Prices
- Milk - Milk is priced between $1.42 and $2.85 per liter, averaging $1.93.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.85 and $6.76, with an average price of $2.58.
- Eggs (Dozen) - A dozen eggs range from $1.71 to $6, averaging $2.52.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.91 to $14.23 per kg, while oranges range from $2.13 to $10.46 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.91 and $5.69 per kg, and lettuce costs $1.07 to $3.2 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.75 and $5, with a monthly pass priced between $88 and $150.
- Fuel (Gasoline) - Gasoline is priced between $1.1 and $1.42 per liter.
- Taxi Fares - Taxi fares start at $2.35, with a cost of $0.57 to $1.07 per km and $8.54 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1580 to $2500, averaging $2088.15.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1250 to $2000, averaging $1670.27.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3000 to $4748, averaging $3745.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2500 to $3500, averaging $3039.95.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2690.98 to $7534.74, averaging $4327.79.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $3013.89 to $5898.62, averaging $3565.44.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $92.52 and $277.78, averaging $145.89.
- Internet - Internet services range from $15.66 to $35.58, with an average cost of $22.81.
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
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Goyang offers a relatively affordable cost of living compared to other major cities in South Korea, with reasonable prices for dining and groceries.
Housing costs can vary significantly depending on the location, with city centre apartments being more expensive.
Transportation is affordable, with various options available, including public transport and taxis.
Utilities and internet services are reasonably priced, contributing to the overall affordability of living in Goyang.
Conclusion
In conclusion, Goyang presents a balanced cost of living, making it an attractive option for both locals and expatriates.
With affordable dining, transportation, and utility costs, Goyang offers a comfortable lifestyle without the high expenses found in larger cities.
Prospective residents should consider their housing preferences and budget accordingly, as this can be a significant factor in overall living costs.