If you’re thinking about making the move out here, you should know the cost of living in Seoul. Here’s a breakdown of how much you’ll probably be spending out here on food, housing, transportation, bills, taxes and everything else that make the wheels of life turn. We also have bonus content on how much it costs to enjoy all that!
Eating Out
Much like many places in the world, money spent for eating out can have huge fluctuations. Fortunately, if you like Korean food your wallet will thank you for it. There are many Korean restaurants that range from cheap (4-5000 won per meal), mid-range (8,000 won per meal) as well as high range (15,000 per meal) and more. For cheap Korean foods, you can go to college areas as they tend to have cheaper restaurants, or you can try a street food vendor and have some traditional tteokbokki (spicy rice cake) and some sundae (blood sausage) for 3,000 won or so. If you like Korean bbq, there are many all you can eat buffets that charge 11,000 won for a hardcore protein binging session. Best of all, there is no tipping here. Keep those extra bills in your pocket. Overall, depending on your eating habits you’re probably looking at around 300,000-500,000 won or so a month dedicated to food. Interestingly enough, cooking food as opposed to eating out doesn’t seem to have too big of a huge monetary discrepancy. So that’s good news for those who are culinarily challenged.
Grocery Shopping
If you’re looking to cook at home a lot, you’ll be happy to hear there are quite a few wholesale stores like Emart, Home Plus, and others. There are also a few Costco locations in Seoul so you’ll still have access to reasonably priced goods as well as those delicious chicken bakes which alone makes the trip worth it. A full bag of bread will run about 1,500 won with a 10 kg bag of rice typically costing about 30,000 won. Unfortunately, fruit is rather expensive. For example, a juicy watermelon will set you back about 15,000 won so just keep that in mind. Things like soda and juice can be had for roughly 2-3,000won for a bottle as well. Beef can be bought for as low as 2,000 won per gram for samgyeopsal (pork belly). Remember that word, no doubt you’ll be seeing and eating a lot of that. There are also high quality cuts available as well. For those of you gym rats, bags of chicken breasts will cost about 11,000 won and milk jugs about 4,500 won. Tip: Ingredients for Korean foods are plentiful and cheap. Authentic ingredients for non-Korean foods (i.e. Mexican, Italian, Thai, etc.) are harder to find and more expensive.
If you’re planning to teach English in Korea, the great news is you’ll get free housing. If not, one of the biggest thorns out here is the fact that you have to put a huge deposit down for a room, typically 10 million won for a small studio. The more deposit you put down up front, the lower your rent and vice versa. Rents for one bedroom apartments range from 300,000 won a month for the cheapest places to more than 1,000,000 won a month for higher-end studios. An alternative is to pay a huge amount up front and not have to pay monthly rent (called jeonse). If you’re cool with living with random people, check out Craigslist as they have a lot of listings up for sublets and shared rooms. In particular, take a look at the Itaewon area as rent tends to be very cheap out there, such as a 3 room bedroom for about 900,000 won.
Paying for housing in Korea is unique. And you’ll need a lot of money. Find out why here.
Heating bills tend to be quite expensive in the winter due to the harsh cold that hits Korea during the end/beginning of the year. A typical heating bill will probably range around the low to mid 100,000 won area but can easily exceed 200,000 won depending on how much you use the heater. Using the boiler out here is quite expensive, and some people opt for a fan heater instead. During summer, blasting the air condition in a small one bedroom apartment often doesn’t cost too much, and a typical monthly bill can easily be less than 100,000 won. Many rooms also have gwallibi (관리비), which is basically a flat maintenance fee. These can range from 40,000 won for smaller places to 100,000 won or more for more luxurious places. Cable TV and internet packages are readily available for roughly 35,000 won a month. A smartphone contract will cost about 60,000 won a month or so, but will obviously increase depending on your specific plan.
See the next page to see if transportation, taxes and medical costs are cheaper in Korea!
25 Comments
Hi Daniel. I really liked all the information you gave. It was all that I was searching for.
안녕히계세요 ^^
2,000 won per gram for samgyeopsal seems a bit much… 😛
But I’m thankful for this article, and I want to move to Korea!
Ja, more like 2,000 won per kilo gram
The heck! 2000 won is roughly 2 dollars. If there were stores that sold that cheap, I’d be buying by the tons!
Hey Joseph…text me on 9164995954…My name is nikita planning to move Seoul…would be great to know more
hi nik, are you in korea, and can we chat on facebook?, here is my user name,.. michael mbila udo or text me wit ur line on +2348108275374
hey niki r u dey already i was palnning to visit to tell e a bit about thsi place is it difficult to find jobs ? my watsapp is +971501971359 hit me up..
You’re right! Fruit is so expensive. A small handful of blueberries sold for $20 at Lotte.
…Which is why you shouldn’t buy fruit at department stores…
Since I’m a chef speacializing in traditional sushi, where would a good place for me too live and work? But this is great news! 나는 한국 을사랑합니다.
Thanks for this. I’ll be moving to Korea soon and this article is very helpful! Bookmarking for future reference 🙂
Samgyupsal is pork last time I checked, not beef!
samgyeopsal (pork belly) he mentioned that
I agree that eating traditional Korean food can be quite cheap when you’re eating in the small local restaurants. However, things like barbecue and fish (I’m thinking raw) can be very expensive. Purchasing food from a regular grocery store like Emart or Homeplus is also expensive, and it isn’t only the fruit. Vegetables are also way up there in price. To buy food at relatively cheap prices you have to be prepared to visit the local traditional markets. They can be a lot of fun. However, in the cold of winter I’m not prepared to take a bus and subway to get to the market. People should realize that living in Korea is probably cheaper than some western countries, but not that much cheaper.
Is water usage not charged in Korea? Or is it included in heating/cooling bills? I’m thinking of moving to Korea and am collecting some basic information on Korean lifestyle 🙂 Thank you seoulistic.com for all these handy and interesting information!
I pay mine (gas, water, electricity) separate. But, it is cheaper than USA.
Hello Thanks for sharing useful information..
I heard about the concept of using electricity at night hours till early morning which is less expensive.. Is it true?? IF it’s true then please tell us about that in detail..
Thank you
Roughly if we sum it up, how much will I spent in a month?
Please help. I need to know what will I get with 3 mil Won salary /month.
OMG, the housings are so expensive >.<
I am from USA. For me, Korean housing is cheaper.
It also depends on location and quality of the house (new or older). Also, a unit from a 25 story apartment units are more expensive than a unit from a 3-4 story villas.
damn Koreans have higher monthly salary that’s the reason why it’s expensive I guess.
hey
is the deposit paid back after you move out? thanks
yes. i have always received my deposit back on the day of my move out.
My son/ daughter in law have been living in S Korea for 2 years and are shocked at the high cost of everything, watermelon is 2 or 3 times the cost anyplace in the u.s.a. and that also gots for everything. Back in the 80’s I used to fly to Seoul and shop, a little pair of cute Korean shoes with a tassel was about 50 cents and now the Same Shoes are $ 13 u.s.d. ! Shocking no matter what. We also used to bring back mink blankets and rugs, other decorations and dolls but now the price has gone nuts. What I paid $ 3 or $ 4 for a doll set now is over $ 30 for the same type 4 unit doll set. I was stunned at the prices of everything this last month October 2019 when we went back to visit our family in Incheon , also went to Seoul. Korea used to be a great shopping destination with great values also for vacation but not any more. So disappointed. Gina and Joe Rosa
The little Korean shoes I referred to are decorations and we got 60 of them to use on our Christmas tree and to give to guests who came to visit us at the holiday, 1 pair of little shoes to a person only of course. I also did some portraits with an artist in Seoul/ itaewon on canvas with heavy oils , beautiful work, for a small great cost. We got many kinds of stuffed toy animals and lovely clothes at wonderful costs but now – nothing is even worth the cost compared to anyplace in the u.s.a. So so disappointed.
The little Korean shoes I referred to are decorations and we got 60 of them to use on our Christmas tree and to give to guests who came to visit us at the holiday, 1 pair of little shoes to a person only of course. I also did some portraits with an artist in Seoul/ itaewon on canvas with heavy oils , beautiful work, for a small great cost. We got many kinds of stuffed toy animals and lovely clothes at wonderful costs but now – nothing is even worth the cost compared to anyplace in the u.s.a. So so disappointed. This also goes for food on the streets in Pusan on the waterfront – wow