Cost of living in Gyeonggi
Gyeonggi, a vibrant region in South Korea, offers a unique blend of urban and rural living. Understanding the cost of living here is crucial for anyone planning to move or visit.
This guide provides a detailed breakdown of expenses in Gyeonggi, 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 $6.42 on average, with a range between $5.57 and $9.28.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.68, with prices ranging from $35.68 to $107.05.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6.42, with a range between $6.07 and $6.78.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.21 to $5, imported beer $2.85 to $7.14, cappuccino $2.85 to $4.64, and Coke/Pepsi $1.28 to $1.78.
Grocery Prices
- Milk - Milk is priced between $1.43 and $2.14 per liter, averaging $1.94.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.86 and $5.71, with an average price of $2.59.
- Eggs (Dozen) - A dozen eggs range from $2 to $3.25, averaging $2.53.
- Fruits (e.g., Apples, Oranges) - Apples cost $7.14 to $14.27 per kg, while oranges range from $2.14 to $7.14 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $4.28 and $5.71 per kg, and lettuce costs $1.07 to $2.14 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.48 per liter.
- Taxi Fares - Taxi fares start at $2.36, with a cost of $0.57 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $499.56.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $356.83.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1070.48 to $3211.45, averaging $2022.02.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $856.39 to $2069.6, averaging $1451.1.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $107.05 and $257.81, averaging $146.3.
- Internet - Internet services range from $20.7 to $28.55, with an average cost of $20.7.
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"
Gyeonggi offers a relatively affordable cost of living compared to other major cities in South Korea, with reasonable prices for dining and groceries.
Housing costs vary significantly depending on location, with city centre apartments being more expensive.
Transportation and utilities are moderately priced, making Gyeonggi a balanced choice for both locals and expatriates.
Conclusion
In conclusion, Gyeonggi presents a cost-effective living environment with a good balance of urban amenities and rural charm.
Whether you're planning to move or just visiting, understanding these costs can help you budget effectively and enjoy your time in this dynamic region.