![]() The basic medical insurance doesn’t cover everything, though. If you are married and unemployed, then you can be put on your spouse’s insurance. Apartment maintenance fee – 100,000 won ($88.55)Īll residents of Korea are required to have basic medical insurance, which comes directly out of employees’ paychecks (assuming that they have an employer who plays by the rules).Just like the usual expenses with the rest of the world, here are the average cost of other typical utilities in Korea: Otherwise, electricity bills will probably be somewhere between 10,000 ($8.85) and 30,000 ($26.50) won per month. ![]() The same goes for the air-conditioning units in the summer, which can lead to exorbitant electricity bills if left on throughout the day. During these winter periods, gas bills are often in excess of 100,000 won ($88.50) per month and can be even higher if you leave the heating on all day. Gas fees will probably work out at around 10,000 won ($8.85) most months, apart from the winter, when the gas-powered underfloor heating systems of most Korean buildings are in use. Cities in other provinces are cheaper still, especially in the older neighborhoods. Outside of Seoul, things get a lot cheaper, with even some of Seoul’s satellite cities like Uijeongbu being almost half the price of Seoul. This is the third-largest city in South Korea and the average cost of living in Incheon is 1,222,000 won ( $1082), around 454,000 won ($402) of which is for rent & utility for one person only. You can also put the ease of traveling into consideration if you decide to live in Incheon. This city might ring a bell since it’s where South Korea’s largest international airport is located. Different living options are also available in Busan such as traditional houses, apartments, officetel, or jutaek. The average amount spent on rent & utility in Busan is around 476,000 won ( $422) for a single person. Cost of Busan housingīeing the second city in terms of size and population, Busan’s average cost of living is $1087. Seoul is included in the top 30% of the most expensive cities in the world, ranked 2788th out of 9294 on ’s global list, and 1st out of 87 in South Korea. The average cost of living in Seoul for one person is 1,600,000 won ( $1411), with around 743,000 won ($657) of it falls under the Rent & Utility category. Most people live in small apartments, and a one-room apartment can set you back anywhere from 300,000 won ($265.60) per month to well over a million won a month, depending on the location of the apartment (Gangnam being one of the most expensive, the far north of the city being a lot cheaper), the facilities, and whether it is a new building or an old building. You may see a detached house with a garden in Korean dramas, but usually only large company CEOs and famous actors can afford them. Houses are common in the countryside, but not in any of hte major cities. Most of the housing in Korea is made up of apartments. View of downtown cityscape and Seoul tower in Seoul South Korea.
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