Cost of living in Pohang
Pohang, 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 planning to move or visit.
This guide provides a detailed breakdown of expenses in Pohang, 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 $5.72 on average, with a range between $4.29 and $9.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $18.59, with prices ranging from $14.3 to $21.45.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6.54, with a range between $6.22 and $6.87.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.22 to $5.72, imported beer $3.58 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 $1.86.
- 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 $6.01, averaging $2.53.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.15 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 $1.07 and $1.33 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
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $250.29.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $196.66 to $643.61, averaging $420.13.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1787.8.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $97.26 and $178.78, averaging $103.33.
- 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
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Pohang offers a relatively affordable cost of living compared to other major cities in South Korea.
Dining out is quite economical, with inexpensive meals available for under $10.
Housing costs are notably low, especially for city centre apartments.
Transportation costs are moderate, with affordable gasoline prices.
Conclusion
In conclusion, Pohang presents a cost-effective living environment, making it an attractive option for both locals and expatriates.
With affordable dining, reasonable housing costs, and moderate transportation expenses, Pohang is well-suited for those seeking a balanced lifestyle in South Korea.