Cost of living
Pohang compared to Busan (Korea, South)
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Overview comparison
PohangBusan (Korea, South)
Consumer prices in Pohang are roughly 11% higher than in Busan (Korea, South).
Cost of living
| Item | Pohang | Busan (Korea, South) |
|---|
| Total with rent one person | 1,155 | 924 |
|---|
| Total with rent family | 2,658 | 2,763 |
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| Without rent one person | 607 | 630 |
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| Without rent one family | 1,645 | 2,565 |
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| Rent & Utilities person | 505.96 | 444.99 |
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| Rent & Utilities family | 861.24 | 808.67 |
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| Food person | 424 | 501 |
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| Food family | 1,085 | 1,030 |
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| Transport person | 81.02 | 130.48 |
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| Transport family | 172.13 | 459.45 |
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| Life expectancy | 84.89 years | 83.31 years |
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Eating Out
| Item | Pohang | Busan (Korea, South) |
|---|
| Lunch Menu | 5.97 | 5.23 |
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| Dinner in a Restaurant, for 2 | 20.39 | 39.81 |
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| Fast food meal, equiv. McDonald's | 5.96 | 6.16 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.03 | 4.08 |
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| Cappuccino | 2.83 | 3.2 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.22 | 1.82 |
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Rent & Utilities
| Item | Pohang | Busan (Korea, South) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 189.23 | 357.21 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 468.22 | 260.4 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,930.97 | 1,016.6 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 466.92 | 747.08 |
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| Utility Bill one person, electricity, heating, water, etc. | 61.49 | 86.48 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 84.31 | 117.85 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 20.49 | 16.88 |
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Transportation
| Item | Pohang | Busan (Korea, South) |
|---|
| Local transport ticket | 4.48 | 5.04 |
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| Monthly ticket local transport | 6,036 | 7,256 |
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| Taxi Ride, 8 km or 5 mi | 3,533 | 8,369 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.97 | 1.27 |
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| Mortgage Interest Rate for 20 Years | 48.57% | 43.98% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 7.78 | 10.17 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.04 | 1.08 |
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Groceries
| Item | Pohang | Busan (Korea, South) |
|---|
| Milk, 1 L or 1 qt | 2.22 | 2.22 |
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| Bread, 0.5 kg or 1.1 lb | 2.27 | 3.54 |
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| Eggs, x12 | 2.23 | 3.8 |
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| Cheese, 1 kg or 2.2 lb | 12.02 | 14.66 |
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| Chicken Breast, 1 kg or 2.2 lb | 7.67 | 10.11 |
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| Round Steak, 1 kg or 2.2 lb | 17.12 | 24.92 |
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| Banana, 1 kg or 2.2 lb | 5.37 | 3.35 |
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| Water, 1 L or 1 qt | 0.98 | 0.74 |
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Other
| Item | Pohang | Busan (Korea, South) |
|---|
| Gym Membership, 1 month | 34.59 | 49.84 |
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| Cinema Ticket, 1 person | 11.85 | 9.11 |
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| Doctors visit | 34.75 | 22.67 |
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| Haircut, simple | 8.32 | 11.14 |
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| Brand Jeans | 63.64 | 76.05 |
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| Brand Sneakers | 78.98 | 95.2 |
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| Daycare or Preschool, 1 month | 289.01 | 624.35 |
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| International Primary School, 1 year | 24,042 | 11,797 |
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