Cost of living in Ulsan
Ulsan, a bustling city in South Korea, is known for its industrial prowess and vibrant culture. Understanding the cost of living here is crucial for anyone planning to move or visit.
This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, helping you budget effectively for life in Ulsan.
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 $28.6, with prices ranging from $14.3 to $53.63.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.61, with a range between $3.5 and $5.72.
- 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 $2.79 to $4.65, and Coke/Pepsi $0.86 to $1.79.
Grocery Prices
- Milk - Milk is priced between $1.43 and $2.15 per liter, averaging $1.66.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.86 and $5.72, with an average price of $2.15.
- Eggs (Dozen) - A dozen eggs range from $2 to $5.15, averaging $2.53.
- Fruits (e.g., Apples, Oranges) - Apples cost $7.08 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 $3.58 and $5.72 per kg, and lettuce costs $1.07 to $2.28 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.72 and $1.07.
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.33 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) - Rent for a 1-bedroom apartment in the city centre averages $178.78.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $5047.9.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2815.87.
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.
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"
Ulsan 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 notably low, particularly for rentals in the city centre, making it an attractive option for expatriates and locals alike.
While groceries and utilities are reasonably priced, the cost of imported goods and certain leisure activities can be higher.
Conclusion
In conclusion, Ulsan presents a balanced cost of living with affordable housing and dining options, making it a desirable location for both short-term and long-term stays.
Potential residents should consider the relatively low rental prices and the availability of amenities when planning their move to Ulsan.