Cost of living
Incheon (Korea, South) compared to Gyeongbuk
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Overview comparison
Incheon (Korea, South)Gyeongbuk
Consumer prices in Incheon (Korea, South) are roughly 25% higher than in Gyeongbuk.
Cost of living
| Item | Incheon (Korea, South) | Gyeongbuk |
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| Total with rent one person | 864 | 1,021 |
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| Total with rent family | 3,174 | 2,899 |
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| Without rent one person | 674 | 595 |
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| Without rent one family | 1,699 | 2,082 |
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| Rent & Utilities person | 332.28 | 430.14 |
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| Rent & Utilities family | 996.15 | 725.04 |
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| Food person | 413 | 374 |
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| Food family | 1,088 | 928 |
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| Transport person | 97.24 | 94.48 |
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| Transport family | 318.76 | 260.97 |
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| Life expectancy | 80.68 years | 65.27 years |
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Eating Out
| Item | Incheon (Korea, South) | Gyeongbuk |
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| Lunch Menu | 5.91 | 7.63 |
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| Dinner in a Restaurant, for 2 | 36.04 | 27.06 |
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| Fast food meal, equiv. McDonald's | 6.55 | 5.08 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.37 | 2.39 |
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| Cappuccino | 3.82 | 3.37 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.38 | 1.57 |
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Rent & Utilities
| Item | Incheon (Korea, South) | Gyeongbuk |
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| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 360.64 | 737.76 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 287.21 | 300.46 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,117.45 | 1,636.57 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 897.58 | 274.92 |
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| Utility Bill one person, electricity, heating, water, etc. | 109.58 | 61.18 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 178.46 | 119.27 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 19.05 | 17.63 |
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Transportation
| Item | Incheon (Korea, South) | Gyeongbuk |
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| Local transport ticket | 3.66 | 4.2 |
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| Monthly ticket local transport | 9,540 | 6,410 |
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| Taxi Ride, 8 km or 5 mi | 7,803 | 6,293 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.84 | 0.98 |
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| Mortgage Interest Rate for 20 Years | 28.05% | 49.05% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 7.67 | 8.4 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.49 | 1.42 |
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Groceries
| Item | Incheon (Korea, South) | Gyeongbuk |
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| Milk, 1 L or 1 qt | 2.46 | 1.62 |
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| Bread, 0.5 kg or 1.1 lb | 2.89 | 2.34 |
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| Eggs, x12 | 3.08 | 2.58 |
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| Cheese, 1 kg or 2.2 lb | 11.64 | 12.25 |
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| Chicken Breast, 1 kg or 2.2 lb | 8.16 | 10.7 |
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| Round Steak, 1 kg or 2.2 lb | 17.98 | 19.05 |
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| Banana, 1 kg or 2.2 lb | 3.16 | 4.58 |
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| Water, 1 L or 1 qt | 0.73 | 1.14 |
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Other
| Item | Incheon (Korea, South) | Gyeongbuk |
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| Gym Membership, 1 month | 33.45 | 48.43 |
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| Cinema Ticket, 1 person | 12.16 | 9.85 |
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| Doctors visit | 15.69 | 12.96 |
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| Haircut, simple | 8.32 | 8.52 |
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| Brand Jeans | 64.96 | 51.72 |
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| Brand Sneakers | 81.82 | 66.49 |
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| Daycare or Preschool, 1 month | 319.63 | 339.8 |
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| International Primary School, 1 year | 22,794 | 14,750 |
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