Cost of living in Gunsan
Gunsan, 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 various expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
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 $8.58.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.76, with prices ranging from $21.45 to $60.79.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6.08, with a range between $5.01 and $6.44.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.43 to $3.58, imported beer $3.22 to $5.72, cappuccino $2.15 to $4.29, and Coke/Pepsi $1.07 to $1.43.
Grocery Prices
- Milk - Milk is priced between $1.79 and $3.56 per liter, averaging $2.15.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.79 and $3.58, with an average price of $2.98.
- Eggs (Dozen) - A dozen eggs range from $2 to $7.83, averaging $3.11.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.15 to $8.58 per kg, while oranges range from $4.29 to $10.01 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.79 and $3.58 per kg, and lettuce costs $1.43 to $2.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $2.72, with a cost of $0.56 to $0.64 per km and $8.58 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 is $12916.69.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter is also $12916.69.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $178.78 and $214.54, averaging $200.97.
- Internet - Internet services range from $14.3 to $25.03, with an average cost of $20.02.
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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Transportation
Transportation
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Sports And Leisure
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Clothing And Shoes
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Buy Apartment Price
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Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Gunsan offers a relatively affordable cost of living compared to other major cities in South Korea. Dining out is reasonably priced, and grocery costs are moderate.
Transportation costs are low, especially for gasoline, making it economical for those who drive. However, housing prices are on the higher side, particularly for purchasing property.
Utilities and internet services are affordable, contributing to a balanced monthly budget for residents.
Conclusion
In conclusion, Gunsan presents a balanced cost of living with affordable dining and transportation options. While housing prices are high, the overall expenses remain manageable.
Potential residents should consider the high property prices when planning to buy, but can benefit from the reasonable costs of daily living and utilities.