Yeongcheon offers a relatively affordable cost of living compared to larger South Korean cities. Dining out is economical, with inexpensive restaurant meals averaging around $6.44.
Grocery prices are moderate, with essentials like milk and bread priced reasonably. Transportation costs are low, making it easy to get around the city.
Housing is particularly affordable, with city centre rents for a 1-bedroom apartment averaging $264.59, which is significantly lower than in major urban areas.