Cost of living in Seongnam
Seongnam, a bustling city in South Korea, offers a unique blend of modern living and cultural heritage. Understanding the cost of living here is crucial for anyone planning to move or visit.
This guide provides a detailed breakdown of expenses in Seongnam, 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 $4.29 and $9.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $42.91, with prices ranging from $27.17 to $85.81.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.29, with a range between $4.29 and $7.15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.22 to $5.01, imported beer $2.15 to $7.15, cappuccino $2.15 to $4.86, and Coke/Pepsi $1.07 to $1.79.
Grocery Prices
- Milk - Milk is priced between $1.43 and $2.86 per liter, averaging $2.14.
- 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 $1.72 to $3.86, averaging $3.1.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.93 to $9.65 per kg, while oranges range from $2.15 to $7.15 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.92 and $5.56 per kg, and lettuce costs $1.07 to $3.22 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1 and $1.07.
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.43 per liter.
- Taxi Fares - Taxi fares start at $2.75, with a cost of $0.54 to $1.07 per km and $8.58 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $557.79 to $572.1, averaging $564.94.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $429.07.
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the centre averages $1001.17.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $10726.79.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $5720.95.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $92.97 and $277.78, averaging $146.6.
- Internet - Internet services range from $15.73 to $35.76, with an average cost of $22.92.
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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Sports And Leisure
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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"
Seongnam offers a relatively affordable cost of living compared to other major cities in South Korea, especially in terms of dining and transportation.
Housing costs are moderate, with reasonable rental prices both in the city centre and outside.
Grocery prices are varied, with some items like milk and bread being quite affordable, while others like cheese and beef are more expensive.
Utilities and internet services are reasonably priced, contributing to the overall affordability of living in Seongnam.
Conclusion
In conclusion, Seongnam presents a balanced cost of living, making it an attractive option for both locals and expatriates.
With affordable dining, moderate housing costs, and efficient transportation, Seongnam is well-suited for those seeking a comfortable lifestyle without the high expenses found in larger cities.