Cost of living
South Korea compared to Bahamas
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Overview comparison
South KoreaBahamas
Consumer prices in South Korea are roughly 24% higher than in Bahamas.
Cost of living
| Item | South Korea | Bahamas |
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| Total with rent one person | 1,345 | 2,981 |
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| Total with rent family | 3,148 | 7,452 |
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| Without rent one person | 783 | 1,129 |
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| Without rent one family | 2,362 | 3,461 |
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| Rent & Utilities person | 497.99 | 1,567.81 |
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| Rent & Utilities family | 1,112.64 | 2,819.81 |
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| Food person | 484 | 767 |
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| Food family | 1,319 | 2,303 |
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| Transport person | 100.94 | 107.29 |
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| Transport family | 292.51 | 305.84 |
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| Life expectancy | 87.03 years | 63.03 years |
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Eating Out
| Item | South Korea | Bahamas |
|---|
| Lunch Menu | 5.48 | 33.32 |
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| Dinner in a Restaurant, for 2 | 35.1 | 77.37 |
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| Fast food meal, equiv. McDonald's | 5.76 | 10.09 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 3.49 | 5.32 |
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| Cappuccino | 3.27 | 4.55 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.47 | 2.58 |
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Rent & Utilities
| Item | South Korea | Bahamas |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 557.93 | 1,617.94 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 297.08 | 1,029.69 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,188.78 | 3,542.52 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 760.76 | 3,030.44 |
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| Utility Bill one person, electricity, heating, water, etc. | 99.45 | 229.91 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 161.15 | 260.43 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 17.95 | 74.59 |
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Transportation
| Item | South Korea | Bahamas |
|---|
| Local transport ticket | 4.74 | 8.33 |
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| Monthly ticket local transport | 11,423 | 2,822 |
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| Taxi Ride, 8 km or 5 mi | 8,058 | 1,549 |
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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 | 40.45% | 58.31% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 9.72 | 36.46 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.44 | 1.64 |
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Groceries
| Item | South Korea | Bahamas |
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| Milk, 1 L or 1 qt | 1.86 | 1.95 |
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| Bread, 0.5 kg or 1.1 lb | 3.36 | 3.63 |
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| Eggs, x12 | 3.36 | 7.06 |
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| Cheese, 1 kg or 2.2 lb | 12.74 | 9.05 |
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| Chicken Breast, 1 kg or 2.2 lb | 9.03 | 9.6 |
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| Round Steak, 1 kg or 2.2 lb | 27.04 | 18.87 |
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| Banana, 1 kg or 2.2 lb | 3.23 | 3 |
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| Water, 1 L or 1 qt | 0.67 | 1.53 |
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Other
| Item | South Korea | Bahamas |
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| Gym Membership, 1 month | 50.16 | 93.04 |
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| Cinema Ticket, 1 person | 9.93 | 15.01 |
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| Doctors visit | 34.01 | 114.07 |
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| Haircut, simple | 7.81 | 15.69 |
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| Brand Jeans | 54.11 | 68.09 |
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| Brand Sneakers | 79.5 | 95.29 |
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| Daycare or Preschool, 1 month | 395.05 | 777.91 |
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| International Primary School, 1 year | 25,632 | 11,946 |
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