Cost of living
North Gyeongsang compared to Busan (South Korea)
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Overview comparison
North GyeongsangBusan (South Korea)
Consumer prices in Busan (South Korea) are roughly 5% higher than in North Gyeongsang.
Cost of living
| Item | North Gyeongsang | Busan (South Korea) |
|---|
| Total with rent one person | 892 | 962 |
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| Total with rent family | 2,567 | 2,527 |
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| Without rent one person | 630 | 700 |
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| Without rent one family | 1,775 | 2,089 |
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| Rent & Utilities person | 392.48 | 342.56 |
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| Rent & Utilities family | 996.67 | 702.75 |
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| Food person | 486 | 505 |
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| Food family | 1,200 | 1,168 |
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| Transport person | 119.39 | 155.54 |
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| Transport family | 296.76 | 342.36 |
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| Life expectancy | 74.96 years | 69.93 years |
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Eating Out
| Item | North Gyeongsang | Busan (South Korea) |
|---|
| Lunch Menu | 5.28 | 5.36 |
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| Dinner in a Restaurant, for 2 | 24.8 | 37.06 |
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| Fast food meal, equiv. McDonald's | 3.95 | 5.11 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.75 | 4.1 |
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| Cappuccino | 3.32 | 3.44 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.93 | 1.75 |
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Rent & Utilities
| Item | North Gyeongsang | Busan (South Korea) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 368.1 | 468.35 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 474.82 | 310.34 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,638.01 | 1,124.31 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 700.97 | 702.13 |
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| Utility Bill one person, electricity, heating, water, etc. | 53.72 | 79.45 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 104.65 | 124.69 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 14.97 | 14.72 |
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Transportation
| Item | North Gyeongsang | Busan (South Korea) |
|---|
| Local transport ticket | 3.66 | 4.28 |
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| Monthly ticket local transport | 5,301 | 8,280 |
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| Taxi Ride, 8 km or 5 mi | 2,596 | 7,942 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.9 | 1.1 |
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| Mortgage Interest Rate for 20 Years | 40.66% | 51.08% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 17.88 | 13.1 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.5 | 1.32 |
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Groceries
| Item | North Gyeongsang | Busan (South Korea) |
|---|
| Milk, 1 L or 1 qt | 2.13 | 1.9 |
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| Bread, 0.5 kg or 1.1 lb | 1.91 | 3.37 |
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| Eggs, x12 | 2.89 | 3.51 |
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| Cheese, 1 kg or 2.2 lb | 13.94 | 15.98 |
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| Chicken Breast, 1 kg or 2.2 lb | 8.52 | 8.81 |
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| Round Steak, 1 kg or 2.2 lb | 20.54 | 31.45 |
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| Banana, 1 kg or 2.2 lb | 3.28 | 3.29 |
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| Water, 1 L or 1 qt | 0.54 | 0.64 |
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Other
| Item | North Gyeongsang | Busan (South Korea) |
|---|
| Gym Membership, 1 month | 67.23 | 53.22 |
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| Cinema Ticket, 1 person | 10.29 | 8.69 |
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| Doctors visit | 30.51 | 26.37 |
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| Haircut, simple | 7.97 | 9.84 |
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| Brand Jeans | 59.91 | 81.48 |
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| Brand Sneakers | 96.05 | 77.52 |
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| Daycare or Preschool, 1 month | 243.63 | 506.13 |
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| International Primary School, 1 year | 19,542 | 12,351 |
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