Cost of living in Mokpo
Mokpo, a vibrant 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 moving to or visiting the city.
This guide provides a detailed breakdown of expenses in Mokpo, 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 $6.44 on average, with a range between $5.58 and $14.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $32.18, with prices ranging from $32.18 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 $1.79 to $4.65, and Coke/Pepsi $1.11 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 $2.15.
- Fruits (e.g., Apples, Oranges) - Apples cost $6.44 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 $2.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.
- Fuel (Gasoline) - Gasoline is priced between $0.86 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $2.36, with a cost of $0 per km and $0 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Data not available.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not available.
- 3-Bedroom Apartment Rent (City Centre) - Data not available.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not available.
- Buying Price per Square Meter (City Centre) - Data not available.
- Buying Price per Square Meter (Outside Centre) - Data not available.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $107.27 and $178.78, averaging $135.08.
- 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
Restaurants
Restaurants
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Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Mokpo offers affordable dining options, with inexpensive meals averaging around $6.44.
Grocery prices are moderate, with essentials like milk and bread being reasonably priced.
Transportation costs are low, with public transport tickets priced at $1 and gasoline between $0.86 and $1.22 per liter.
Utilities are relatively affordable, with basic services costing around $135.08 per month.
Conclusion
Mokpo presents a cost-effective living environment, particularly in dining and transportation.
While housing data is not available, the overall affordability in other categories suggests a balanced cost of living.
Potential residents can enjoy a comfortable lifestyle with reasonable expenses in Mokpo.