Cost of living in Gyeongju
Gyeongju, a city rich in history and culture, is located in South Korea. Known for its ancient sites and beautiful landscapes, it attracts both tourists and residents alike.
Understanding the cost of living in Gyeongju is crucial for anyone considering moving to or visiting the city. This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more.
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 $5.58 and $9.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.76, with prices ranging from $35.76 to $53.63.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.01, with a range between $4.29 and $5.72.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.22 to $5.01, imported beer $4.29 to $7.15, cappuccino $2.86 to $4.65, and Coke/Pepsi $1.29 to $1.79.
Grocery Prices
- Milk - Milk is priced between $1.43 and $2.15 per liter, averaging $1.94.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.86 and $5.72, with an average price of $2.59.
- Eggs (Dozen) - A dozen eggs range from $2 to $3.26, averaging $2.53.
- Fruits (e.g., Apples, Oranges) - Apples cost $7.15 to $14.3 per kg, while oranges range from $2.15 to $7.15 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $4.29 and $5.72 per kg, and lettuce costs $1.07 to $2.15 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.93.
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $2.36, with a cost of $2.29 to $3.58 for the start.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1361.29.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $544.52.
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the centre averages $3267.1.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $107.27 and $178.78, averaging $146.6.
- Internet - Internet services range from $21.45 to $28.6, with an average cost of $23.84.
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"
Gyeongju offers a relatively affordable cost of living compared to other major cities in South Korea, especially in terms of dining and transportation.
Housing costs can vary significantly depending on the location, with city centre apartments being more expensive.
Grocery prices are moderate, with some items like local cheese and beef being on the higher end.
Conclusion
In conclusion, Gyeongju provides a balanced cost of living with affordable dining and transportation options.
While housing in the city centre can be pricey, options outside the centre offer more budget-friendly alternatives.
Overall, Gyeongju is an attractive option for those looking to experience South Korea's rich history and culture without the high costs associated with larger cities.