Cost of living in Jinhae
Jinhae, a picturesque city in South Korea, is known for its beautiful cherry blossoms and vibrant cultural scene. Understanding the cost of living in Jinhae is crucial for anyone considering moving to or visiting this charming city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to transportation and housing, helping you plan your budget effectively.
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
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $2.29, with a cost of $0 per km and $0 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs $26,982.16, while a Toyota Corolla is priced at $10,726.79.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - Monthly preschool costs range from $250.29 to $328.95, averaging $276.51.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school ranges from $32,180.36 to $35,755.96, averaging $33,968.16.
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.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $17.88 and $49.34, averaging $42.48.
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"
Jinhae offers a relatively affordable cost of living compared to other major cities in South Korea, with reasonable prices for dining and groceries.
Transportation costs are moderate, with affordable gasoline prices and taxi fares.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Jinhae presents a balanced cost of living, making it an attractive option for both residents and visitors.
With affordable dining, transportation, and utility costs, Jinhae provides a comfortable lifestyle without the high expenses found in larger cities.