Cost of living in Yeosu
Yeosu, a picturesque city in South Korea, offers a unique blend of coastal beauty and urban convenience. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of expenses in Yeosu, 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 $5.72 on average, with a range between $5 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 $35.76 to $53.63.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.01, with a range between $4.29 and $5.72.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.22 to $5.01, imported beer $4.29 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 $1.94.
- 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 $4.29, averaging $2.53.
- Fruits (e.g., Apples, Oranges) - Apples cost $7.15 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 $3.58 and $5.72 per kg, and lettuce costs $1.07 to $2.15 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0 and $0.97, with a monthly pass priced at $39.33.
- Fuel (Gasoline) - Gasoline is priced between $1.07 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $2.36, with a cost of $0.72 per km and $9.65 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $464.83.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $286.05.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $858.14.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $500.58.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3575.6.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1430.24.
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 $21.45.
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"
Yeosu offers a relatively affordable cost of living compared to larger South Korean cities. Dining out is inexpensive, and public transportation is budget-friendly.
Housing costs are moderate, with more affordable options available outside the city centre. Utilities and internet services are reasonably priced.
Overall, Yeosu provides a balanced lifestyle with manageable expenses, making it an attractive option for both locals and expatriates.
Conclusion
In conclusion, Yeosu presents a cost-effective living environment with its affordable dining, transportation, and housing options.
The city's scenic beauty combined with its reasonable cost of living makes it an appealing choice for those looking to experience South Korea without the high expenses of major urban centers.