Cost of living
Bahamas compared to South Korea
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Overview comparison
BahamasSouth Korea
Consumer prices in Bahamas are roughly 7% higher than in South Korea.
Cost of living
| Item | Bahamas | South Korea |
|---|
| Total with rent one person | 2,981 | 1,345 |
|---|
| Total with rent family | 7,452 | 3,148 |
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| Without rent one person | 1,129 | 783 |
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| Without rent one family | 3,461 | 2,362 |
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| Rent & Utilities person | 1,567.81 | 497.99 |
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| Rent & Utilities family | 2,819.81 | 1,112.64 |
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| Food person | 767 | 484 |
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| Food family | 2,303 | 1,319 |
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| Transport person | 107.29 | 100.94 |
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| Transport family | 305.84 | 292.51 |
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| Life expectancy | 74.71 years | 83.63 years |
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Eating Out
| Item | Bahamas | South Korea |
|---|
| Lunch Menu | 33.32 | 5.48 |
|---|
| Dinner in a Restaurant, for 2 | 77.37 | 35.1 |
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| Fast food meal, equiv. McDonald's | 10.09 | 5.76 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 5.32 | 3.49 |
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| Cappuccino | 4.55 | 3.27 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.58 | 1.47 |
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Rent & Utilities
| Item | Bahamas | South Korea |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,617.94 | 557.93 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,029.69 | 297.08 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 3,542.52 | 1,188.78 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 3,030.44 | 760.76 |
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| Utility Bill one person, electricity, heating, water, etc. | 229.91 | 99.45 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 260.43 | 161.15 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 74.59 | 17.95 |
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Transportation
| Item | Bahamas | South Korea |
|---|
| Local transport ticket | 8.33 | 4.74 |
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| Gas / Petrol, 1 L or 0.26 gal | 1.13 | 1.13 |
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| Mortgage Interest Rate for 20 Years | 4.25% | 4.73% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 36.46 | 9.72 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.64 | 1.44 |
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Groceries
| Item | Bahamas | South Korea |
|---|
| Milk, 1 L or 1 qt | 1.95 | 1.86 |
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| Bread, 0.5 kg or 1.1 lb | 3.63 | 3.36 |
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| Eggs, x12 | 7.06 | 3.36 |
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| Cheese, 1 kg or 2.2 lb | 9.05 | 12.74 |
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| Chicken Breast, 1 kg or 2.2 lb | 9.6 | 9.03 |
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| Round Steak, 1 kg or 2.2 lb | 18.87 | 27.04 |
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| Banana, 1 kg or 2.2 lb | 3 | 3.23 |
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| Water, 1 L or 1 qt | 1.53 | 0.67 |
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Other
| Item | Bahamas | South Korea |
|---|
| Gym Membership, 1 month | 93.04 | 50.16 |
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| Cinema Ticket, 1 person | 15.01 | 9.93 |
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| Doctors visit | 114.07 | 34.01 |
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| Haircut, simple | 15.69 | 7.81 |
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| Brand Jeans | 68.09 | 54.11 |
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| Brand Sneakers | 95.29 | 79.5 |
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| Daycare or Preschool, 1 month | 777.91 | 395.05 |
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| International Primary School, 1 year | 11,946 | 25,632 |
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