Cost of living comparison
Busan is 1.4% more expensive than Madrid.
- Restaurants
-
pay 42.4% less in Busan
- Groceries
-
pay 2.0 times more in Busan
- Transportation
-
pay 22.6% less in Busan
- Housing
-
pay 56.1% less in Busan
- Childcare
-
pay 10.5% more in Busan
- Entertainment and Sports
-
pay 2.7% more in Busan
- Clothing
-
pay 17.7% more in Busan
The cost of groceries, clothing, childcare, and entertainment and sports in Busan are more expensive than in Madrid. Expenses including housing, restaurants, and transportation are lower in Busan. Notably, groceries is significantly more expensive in Busan.
If you lived in Busan instead of Madrid, you would:
pay 42.4% less for restaurants
|
Madrid
|
Busan
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€14.14
|
$6.45
₩9,143
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€9.42
|
$5.91
₩8,381
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.79
€2.45
|
$1.84
₩2,603
|
|
| Bottle of water (11 fl. oz) |
$1.80
€1.59
|
$1.25
₩1,778
|
|
pay 2.0 times more for groceries
|
Madrid
|
Busan
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.50
€1.32
|
$3.58
₩5,079
|
|
| Local cheese (8 oz) |
$6.92
€6.09
|
$5.10
₩7,238
|
|
| Milk (1 gallon) |
$4.41
€3.88
|
$8.49
₩12,038
|
|
|
Eggs
1 dozen
|
$3.05
€2.68
|
$3.20
₩4,544
|
|
| Boneless chicken breast (1 lb) |
$3.78
€3.33
|
$3.64
₩5,161
|
|
| Apples (1 lb) |
$1.13
€0.99
|
$3.74
₩5,299
|
|
| Bananas (1 lb) |
$0.87
€0.77
|
$1.41
₩2,000
|
|
| Oranges (1 lb) |
$1.01
€0.88
|
$3.27
₩4,634
|
|
| Tomatoes (1 lb) |
$1.05
€0.92
|
$2.33
₩3,299
|
|
| Potatoes (1 lb) |
$0.83
€0.73
|
$2.27
₩3,225
|
|
| Onions (1 lb) |
$0.82
€0.72
|
$1.50
₩2,131
|
|
pay 22.6% less for transportation
|
Madrid
|
Busan
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
€5.97
|
$4.38
₩6,218
|
|
| Monthly public transit pass |
$42.87
€37.70
|
$42.97
₩60,951
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,759.38
€31,443.97
|
$27,023.07
₩38,329,246
|
|
| Taxi trip in downtown area (5 miles) |
$14.90
€13.10
|
$10.31
₩14,628
|
|
pay 56.1% less for housing
|
Madrid
|
Busan
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.85
€28.00
|
$16.11
₩22,857
|
|
| 1-Bedroom apartment in downtown area |
$1,468.90
€1,291.63
|
$471.50
₩668,772
|
|
| 1-Bedroom apartment outside city center |
$1,074.71
€945.02
|
$286.48
₩406,342
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$130.03
€114.34
|
$85.90
₩121,833
|
|
pay 10.5% more for childcare
|
Madrid
|
Busan
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$567.57
€499.07
|
$477.47
₩677,237
|
|
| Middle school for 1 child, two semesters |
$10,069.47
€8,854.30
|
$13,786.91
₩19,555,220
|
|
pay 2.7% more for entertainment and sports
|
Madrid
|
Busan
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.75
€3.30
|
$3.58
₩5,079
|
|
| Cappuccino in mid-range area |
$2.59
€2.27
|
$3.82
₩5,422
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€5.65
|
$3.22
₩4,571
|
|
| Monthly membership at local gym |
$43.11
€37.91
|
$50.13
₩71,110
|
|
| Movie ticket to theater/cinema |
$10.72
€9.42
|
$11.10
₩15,746
|
|
pay 17.7% more for clothing
|
Madrid
|
Busan
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$90.50
€79.58
|
$100.27
₩142,220
|
|
|
Regular dress
from H&M or similar store
|
$37.21
€32.72
|
$64.46
₩91,427
|
|
|
Running shoes
Nike or Adidas
|
$97.88
€86.07
|
$90.24
₩127,998
|
|
| Men's business shoes (leather) |
$121.40
€106.75
|
$114.59
₩162,537
|
|
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