Cost of living in Gwanak-gu
Gwanak-gu, a bustling district in Seoul, South Korea, offers a unique blend of urban living and cultural heritage. 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 $6.41 on average, with a range between $5.55 and $8.54.
- 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 $5.7, 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 $3.56, imported beer $2.85 to $5.7, cappuccino $2.14 to $4.27, and Coke/Pepsi $1.07 to $1.42.
Grocery Prices
- Milk - Milk is priced between $1.42 and $3.55 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 $7.8, averaging $2.52.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.14 to $14.24 per kg, while oranges range from $2.14 to $9.97 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.78 and $5.7 per kg, and lettuce costs $1.07 to $2.49 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.14 and $1.21 per liter.
- Taxi Fares - Taxi fares start at $2.28, with a cost of $0.56 to $0.64 per km and $8.54 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 not provided in the data.
- Buying Price per Square Meter (Outside Centre) - The price per square meter to buy an apartment outside the city centre is not provided in the data.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $106.8 and $213.6, averaging $145.96.
- Internet - Internet services range from $14.24 to $28.48, with an average cost of $19.94.
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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"Key Takeaways"
Gwanak-gu offers affordable dining options, with inexpensive meals averaging around $6.41.
Grocery prices vary, with essentials like milk and bread being relatively affordable.
Transportation costs are moderate, with gasoline prices averaging $1.16 per liter.
Utilities are reasonably priced, making it manageable for residents to maintain a comfortable lifestyle.
Conclusion
Overall, Gwanak-gu presents a balanced cost of living, making it an attractive option for both locals and expatriates.
With affordable dining and moderate transportation costs, residents can enjoy a comfortable lifestyle without excessive expenses.