Cost of living in Icheon
Icheon, 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 housing, dining, transportation, and more, to help you budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $6.08 on average, with a range between $5.01 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 $28.6 to $71.51.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.9, with a range between $5.01 and $8.58.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.79 to $5.72, imported beer $3.58 to $7.15, cappuccino $2.15 to $4.65, and Coke/Pepsi $0.93 to $2.5.
Grocery Prices
- Milk - Milk is priced between $1.79 and $2.5 per liter, averaging $2.24.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.79 and $5.01, with an average price of $3.58.
- Eggs (Dozen) - A dozen eggs range from $2 to $4.29, averaging $3.2.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.15 to $12.16 per kg, while oranges range from $5.36 to $8.58 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.15 and $7.15 per kg, and lettuce costs $1.07 to $3.58 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.07.
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.18 per liter.
- Taxi Fares - Taxi fares start at $3.43, with a cost of $0.86 per km and $16.09 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $393.32.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $286.05.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $858.14.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $572.1.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $5363.39.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $3039.26.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $131.7 and $286.05, averaging $174.11.
- Internet - Internet services range from $14.3 to $32.18, with an average cost of $22.35.
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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Rent Per Month
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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
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"Key Takeaways"
Icheon offers a relatively affordable cost of living compared to major cities, with low rental prices and inexpensive dining options.
Transportation costs are minimal, making it easy to navigate the city without a significant financial burden.
Grocery prices are moderate, with some variation in the cost of fresh produce and dairy products.
Conclusion
In conclusion, Icheon presents a cost-effective living environment, particularly appealing to those seeking affordable housing and dining.
While some costs, such as clothing and imported goods, may be higher, the overall expenses remain manageable for most residents.
Prospective residents should consider their lifestyle needs and budget accordingly to make the most of living in this vibrant South Korean city.