Cost of living comparison
South Korea is 2.5 times more expensive than Ghana.
If you lived in South Korea instead of Ghana, you would:
pay 2.1 times more for restaurants
|
Ghana
|
South Korea
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.70
GHS58.47
|
$6.16
₩8,651
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.51
GHS87.11
|
$5.24
₩7,358
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.59
GHS9.40
|
$1.47
₩2,067
|
|
| Bottle of water (11 fl. oz) |
$0.25
GHS3.89
|
$0.79
₩1,112
|
|
pay 2.2 times more for groceries
|
Ghana
|
South Korea
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS24.06
|
$3.08
₩4,321
|
|
| Local cheese (8 oz) |
$3.18
GHS50.24
|
$5.40
₩7,591
|
|
| Milk (1 gallon) |
$8.96
GHS141.70
|
$7.46
₩10,475
|
|
|
Eggs
1 dozen
|
$2.21
GHS34.87
|
$2.76
₩3,873
|
|
| Boneless chicken breast (1 lb) |
$2.08
GHS32.88
|
$3.32
₩4,664
|
|
| Apples (1 lb) |
$1.01
GHS15.99
|
$3.17
₩4,449
|
|
| Bananas (1 lb) |
$0.48
GHS7.65
|
$1.49
₩2,091
|
|
| Oranges (1 lb) |
$0.59
GHS9.40
|
$2.53
₩3,555
|
|
| Tomatoes (1 lb) |
$1.04
GHS16.46
|
$2.41
₩3,391
|
|
| Potatoes (1 lb) |
$0.98
GHS15.49
|
$1.82
₩2,563
|
|
| Onions (1 lb) |
$0.73
GHS11.59
|
$1.21
₩1,699
|
|
pay 72.4% more for transportation
|
Ghana
|
South Korea
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.23
GHS66.92
|
$4.39
₩6,169
|
|
| Monthly public transit pass |
$26.38
GHS417.16
|
$45.32
₩63,647
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS126,500.00
|
$27,023.07
₩37,954,166
|
|
| Taxi trip in downtown area (5 miles) |
$10.74
GHS169.80
|
$8.17
₩11,477
|
|
pay 79.1% more for housing
|
Ghana
|
South Korea
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$43.21
GHS683.27
|
$17.65
₩24,795
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS9,916.77
|
$426.93
₩599,630
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,773.41
|
$328.41
₩461,260
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.41
GHS559.96
|
$111.42
₩156,494
|
|
pay 5.0 times more for childcare
|
Ghana
|
South Korea
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS901.56
|
$373.40
₩524,445
|
|
| Middle school for 1 child, two semesters |
$6,571.37
GHS103,909.74
|
$22,907.58
₩32,173,919
|
|
pay 2.1 times more for entertainment and sports
|
Ghana
|
South Korea
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.95
GHS14.98
|
$3.09
₩4,346
|
|
| Cappuccino in mid-range area |
$1.69
GHS26.65
|
$3.39
₩4,760
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS18.92
|
$3.21
₩4,514
|
|
| Monthly membership at local gym |
$32.36
GHS511.63
|
$45.71
₩64,202
|
|
| Movie ticket to theater/cinema |
$9.33
GHS147.55
|
$10.10
₩14,183
|
|
pay 2.8 times more for clothing
|
Ghana
|
South Korea
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS235.21
|
$60.70
₩85,260
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS317.86
|
$44.52
₩62,532
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS517.19
|
$72.99
₩102,518
|
|
| Men's business shoes (leather) |
$34.57
GHS546.57
|
$93.73
₩131,645
|
|
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