Cost of living in Pyeongtaek
Pyeongtaek, located in South Korea, is a city known for its vibrant culture and strategic location. Understanding the cost of living here is crucial for anyone planning to move or work in the area.
This guide provides a detailed breakdown of expenses in Pyeongtaek, covering everything from dining and groceries to housing and transportation.
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 $4.29 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 $4.65, with a range between $4.65 and $6.51.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.58 to $5.72, imported beer $5.01 to $6.44, 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 approximately $0.97.
- Fuel (Gasoline) - Gasoline is priced between $1.07 and $1.18 per liter.
- Taxi Fares - Taxi fares start at $2.15, 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 ranges from $286.05 to $429.07, averaging $357.56.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $214.54.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $607.85 to $1072.68, averaging $840.27.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $536.34.
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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"Key Takeaways"
Pyeongtaek offers a relatively affordable cost of living compared to other major cities in South Korea.
Dining out is reasonably priced, with a variety of options from inexpensive meals to mid-range dining experiences.
Housing costs are notably lower, especially for those considering living outside the city centre.
Transportation is cost-effective, with affordable public transport and taxi services.
Conclusion
In conclusion, Pyeongtaek presents a balanced cost of living, making it an attractive option for individuals and families looking to reside in South Korea.
With affordable housing, reasonable dining costs, and efficient transportation, the city offers a comfortable lifestyle without the high expenses found in larger urban areas.