Last updated on June 30th, 2025 at 03:21 pm
In this rapidly developing era of globalization, South Korea has become one of the most attractive destinations for people from all over the world. Whether it’s for pursuing a career, experiencing its unique culture, or simply exploring daily life in this country, an increasing number of individuals are interested in settling in South Korea.Â
However, one of the primary questions that many people have is how expensive, or affordable, is the cost of living there? In this article, we will explore the realities of living costs in South Korea, debunk myths about the high cost of living in the country, and provide valuable insights for those planning to live in South Korea.
Breakdown of Living Costs in South Korea
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The cost of living in South Korea can vary depending on various factors, such as location, lifestyle, and personal preferences. Here’s an estimated monthly living cost breakdown for several key aspects in Korea:
Housing Rent
Rent for apartments or houses in South Korea can vary based on the location and size of the property chosen. In large cities like Seoul and Busan, rent tends to be relatively high.Â
For example, the rent for a one-bedroom apartment in central Seoul can range from approximately 800,000 to 1.5 million won per month, equivalent to around IDR 9.4 million to IDR 17.7 million. On the other hand, if you choose to live in the suburbs, the rent may be cheaper, ranging from 500,000 to 1 million won, or equivalent to IDR 5.8 million to IDR 11.7 million.
If you are a student planning to pursue education in Korea, it’s better to stay in student dormitories (mess) as this can help reduce your living costs while staying in Korea.
Food
Food costs in South Korea also vary, but generally, prices are quite affordable. Meals at restaurants usually range from 5,000 to 15,000 won per dish, or approximately IDR 58,000 to IDR 176,000, depending on the type of restaurant and menu items.Â
Eating at street food stalls or small eateries is typically cheaper. Shopping at supermarkets for raw food ingredients can also help save on food costs.
Healthcare Costs
Every international student studying in South Korea is required to have registered health insurance. The premium for this insurance ranges from 45,000 to 50,000 won, or about IDR 500,000 to IDR 588,000 per month.
Transportation
Public transportation in South Korea, such as subways and buses, is relatively affordable. The cost of a subway ride typically ranges from 1,250 to 2,000 won, or approximately IDR 14,000 to IDR 23,000, depending on the distance traveled. Taxi fares are also reasonably priced, with an initial fare of about 3,000 won, with an additional charge of 100 won for every 144 meters.
Entertainment and Activities
The cost for entertainment and recreational activities in South Korea varies as well. Movie tickets typically range from 8,000 to 12,000 won, or approximately IDR 94,000 to IDR 141,000. For concerts or art performances, ticket prices can be higher depending on the artist and type of event.
Other Expenses
Other expenses such as clothing, personal items, and daily necessities also need to be considered. These costs can vary based on individual preferences and needs.
It is important to note that these are only estimated monthly living costs, and actual expenses may vary depending on various factors.
Total Monthly Living Costs in South Korea
The total monthly living costs in South Korea will vary greatly depending on an individual’s lifestyle and place of residence. However, based on general estimates for housing rent, food, transportation, entertainment, and other expenses, one can expect to spend around 1.5 million to 2.5 million won per month, or approximately IDR 17.6 million to IDR 29.4 million, to live comfortably in major cities like Seoul.
In more remote areas or suburban regions, the living costs might be slightly lower, around 1 million to 1.8 million won, or about IDR 11 million to IDR 21.1 million per month. This is just a rough estimate, and actual expenses may vary depending on individual factors like lifestyle and personal preferences.
Tips for Choosing Accommodation or Apartments in South Korea
Choosing accommodation or an apartment in South Korea can be a challenging task, especially if you are not accustomed to searching for properties in a foreign country. Here are a few tips that can help you when selecting a place to stay in Korea.
Location
Determine the area you wish to live in based on your needs and preferences. Consider the accessibility to work, school, shopping centers, and other public facilities. Major cities like Seoul, Busan, and Incheon have different districts, so be sure to choose a location that suits your lifestyle.
Budget
Create a clear budget estimate for rent or property purchase. Property prices in Korea, especially in big cities, vary greatly. Make sure to account for other costs such as utilities (electricity, water) and building maintenance fees.
Size and Facilities
Consider the size and facilities of the apartment you need. Do you require one bedroom, two bedrooms, or more? Do you want amenities like a gym, swimming pool, or common areas? Be sure to carefully assess your needs when choosing an apartment.
Security
Check the security level of the building or apartment complex you’re considering. Consider factors like security systems, entrance access, and security guards.
Transportation
Consider the accessibility of public transportation from your residence. Ensure there are subway stations, bus stops, or other transport routes nearby that will make it easier for you to move around for daily activities.
After learning about the estimated cost of living and tips for choosing accommodation or apartments in South Korea, are you feeling more confident about settling there? Of course, the main consideration before settling in any place is the cost of living.
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