Cost of living
Pohang compared to Gwangmyeong
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Overview comparison
PohangGwangmyeong
Consumer prices in Pohang are roughly 1% higher than in Gwangmyeong.
Cost of living
| Item | Pohang | Gwangmyeong |
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| Total with rent one person | 1,155 | 925 |
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| Total with rent family | 2,658 | 2,837 |
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| Without rent one person | 607 | 505 |
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| Without rent one family | 1,645 | 1,940 |
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| Rent & Utilities person | 505.96 | 508.54 |
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| Rent & Utilities family | 861.24 | 797.21 |
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| Food person | 424 | 420 |
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| Food family | 1,085 | 970 |
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| Transport person | 81.02 | 61.37 |
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| Transport family | 172.13 | 135.58 |
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| Life expectancy | 84.89 years | 80.34 years |
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Eating Out
| Item | Pohang | Gwangmyeong |
|---|
| Lunch Menu | 5.97 | 7.35 |
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| Dinner in a Restaurant, for 2 | 20.39 | 33.23 |
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| Fast food meal, equiv. McDonald's | 5.96 | 6.42 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.03 | 3.73 |
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| Cappuccino | 2.83 | 3.12 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.22 | 1.37 |
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Rent & Utilities
| Item | Pohang | Gwangmyeong |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 189.23 | 416.06 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 468.22 | 343.32 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,930.97 | 958.99 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 466.92 | 703.08 |
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| Utility Bill one person, electricity, heating, water, etc. | 61.49 | 93.98 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 84.31 | 114.93 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 20.49 | 24.23 |
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Transportation
| Item | Pohang | Gwangmyeong |
|---|
| Local transport ticket | 4.48 | 4.47 |
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| Monthly ticket local transport | 6,036 | 7,625 |
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| Taxi Ride, 8 km or 5 mi | 3,533 | 4,569 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.97 | 0.99 |
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| Mortgage Interest Rate for 20 Years | 48.57% | 55.03% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 7.78 | 7.07 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.04 | 1.16 |
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Groceries
| Item | Pohang | Gwangmyeong |
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| Milk, 1 L or 1 qt | 2.22 | 2.22 |
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| Bread, 0.5 kg or 1.1 lb | 2.27 | 2.84 |
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| Eggs, x12 | 2.23 | 2.92 |
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| Cheese, 1 kg or 2.2 lb | 12.02 | 10.09 |
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| Chicken Breast, 1 kg or 2.2 lb | 7.67 | 8.05 |
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| Round Steak, 1 kg or 2.2 lb | 17.12 | 21.6 |
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| Banana, 1 kg or 2.2 lb | 5.37 | 3.28 |
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| Water, 1 L or 1 qt | 0.98 | 0.77 |
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Other
| Item | Pohang | Gwangmyeong |
|---|
| Gym Membership, 1 month | 34.59 | 59.01 |
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| Cinema Ticket, 1 person | 11.85 | 9.92 |
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| Doctors visit | 34.75 | 20.32 |
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| Haircut, simple | 8.32 | 8.42 |
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| Brand Jeans | 63.64 | 61.71 |
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| Brand Sneakers | 78.98 | 67.46 |
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| Daycare or Preschool, 1 month | 289.01 | 282.28 |
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| International Primary School, 1 year | 24,042 | 21,262 |
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