Cost of living
Busan (Korea, South) compared to Gwangmyeong
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Overview comparison
Busan (Korea, South)Gwangmyeong
Consumer prices in Gwangmyeong are roughly 10% higher than in Busan (Korea, South).
Cost of living
| Item | Busan (Korea, South) | Gwangmyeong |
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| Total with rent one person | 924 | 925 |
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| Total with rent family | 2,763 | 2,837 |
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| Without rent one person | 630 | 505 |
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| Without rent one family | 2,565 | 1,940 |
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| Rent & Utilities person | 444.99 | 508.54 |
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| Rent & Utilities family | 808.67 | 797.21 |
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| Food person | 501 | 420 |
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| Food family | 1,030 | 970 |
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| Transport person | 130.48 | 61.37 |
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| Transport family | 459.45 | 135.58 |
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| Life expectancy | 83.31 years | 80.34 years |
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Eating Out
| Item | Busan (Korea, South) | Gwangmyeong |
|---|
| Lunch Menu | 5.23 | 7.35 |
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| Dinner in a Restaurant, for 2 | 39.81 | 33.23 |
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| Fast food meal, equiv. McDonald's | 6.16 | 6.42 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 4.08 | 3.73 |
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| Cappuccino | 3.2 | 3.12 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.82 | 1.37 |
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Rent & Utilities
| Item | Busan (Korea, South) | Gwangmyeong |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 357.21 | 416.06 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 260.4 | 343.32 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,016.6 | 958.99 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 747.08 | 703.08 |
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| Utility Bill one person, electricity, heating, water, etc. | 86.48 | 93.98 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 117.85 | 114.93 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 16.88 | 24.23 |
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Transportation
| Item | Busan (Korea, South) | Gwangmyeong |
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| Local transport ticket | 5.04 | 4.47 |
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| Monthly ticket local transport | 7,256 | 7,625 |
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| Taxi Ride, 8 km or 5 mi | 8,369 | 4,569 |
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| Gas / Petrol, 1 L or 0.26 gal | 1.27 | 0.99 |
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| Mortgage Interest Rate for 20 Years | 43.98% | 55.03% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 10.17 | 7.07 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.08 | 1.16 |
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Groceries
| Item | Busan (Korea, South) | Gwangmyeong |
|---|
| Milk, 1 L or 1 qt | 2.22 | 2.22 |
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| Bread, 0.5 kg or 1.1 lb | 3.54 | 2.84 |
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| Eggs, x12 | 3.8 | 2.92 |
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| Cheese, 1 kg or 2.2 lb | 14.66 | 10.09 |
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| Chicken Breast, 1 kg or 2.2 lb | 10.11 | 8.05 |
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| Round Steak, 1 kg or 2.2 lb | 24.92 | 21.6 |
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| Banana, 1 kg or 2.2 lb | 3.35 | 3.28 |
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| Water, 1 L or 1 qt | 0.74 | 0.77 |
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Other
| Item | Busan (Korea, South) | Gwangmyeong |
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| Gym Membership, 1 month | 49.84 | 59.01 |
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| Cinema Ticket, 1 person | 9.11 | 9.92 |
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| Doctors visit | 22.67 | 20.32 |
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| Haircut, simple | 11.14 | 8.42 |
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| Brand Jeans | 76.05 | 61.71 |
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| Brand Sneakers | 95.2 | 67.46 |
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| Daycare or Preschool, 1 month | 624.35 | 282.28 |
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| International Primary School, 1 year | 11,797 | 21,262 |
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