Cost of living comparison
Incheon is 5.8% cheaper than Madrid.
- Restaurants
-
pay 54.2% less in Incheon
- Groceries
-
pay 71.3% more in Incheon
- Transportation
-
pay 37.0% less in Incheon
- Housing
-
pay 40.8% less in Incheon
- Childcare
-
pay 52.4% more in Incheon
- Entertainment and Sports
-
pay 9.7% less in Incheon
- Clothing
-
pay 22.6% less in Incheon
The cost of groceries and childcare in Incheon are more expensive than in Madrid. Expenses including restaurants, housing, transportation, clothing, and entertainment and sports are lower in Incheon.
If you lived in Incheon instead of Madrid, you would:
pay 54.2% less for restaurants
|
Madrid
|
Incheon
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€13.65
|
$6.45
₩8,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€9.10
|
$5.91
₩8,051
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.79
€2.37
|
$1.32
₩1,805
|
|
| Bottle of water (11 fl. oz) |
$1.80
€1.53
|
$0.73
₩995
|
|
pay 71.3% more for groceries
|
Madrid
|
Incheon
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.50
€1.27
|
$3.10
₩4,229
|
|
| Local cheese (8 oz) |
$6.92
€5.88
|
$6.52
₩8,890
|
|
| Milk (1 gallon) |
$4.41
€3.74
|
$7.86
₩10,713
|
|
|
Eggs
1 dozen
|
$3.05
€2.59
|
$3.06
₩4,167
|
|
| Boneless chicken breast (1 lb) |
$3.78
€3.21
|
$3.57
₩4,869
|
|
| Apples (1 lb) |
$1.13
€0.96
|
$3.30
₩4,493
|
|
| Bananas (1 lb) |
$0.87
€0.74
|
$1.41
₩1,918
|
|
| Oranges (1 lb) |
$1.01
€0.85
|
$2.49
₩3,394
|
|
| Tomatoes (1 lb) |
$1.05
€0.89
|
$2.68
₩3,658
|
|
| Potatoes (1 lb) |
$0.83
€0.71
|
$1.35
₩1,844
|
|
| Onions (1 lb) |
$0.82
€0.70
|
$0.73
₩996
|
|
pay 37.0% less for transportation
|
Madrid
|
Incheon
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
€5.76
|
$4.41
₩6,005
|
|
| Monthly public transit pass |
$42.87
€36.40
|
$25.03
₩34,111
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,759.38
€30,359.42
|
$27,023.07
₩36,819,978
|
|
| Taxi trip in downtown area (5 miles) |
$14.90
€12.65
|
$7.91
₩10,773
|
|
pay 40.8% less for housing
|
Madrid
|
Incheon
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.85
€27.04
|
$22.27
₩30,349
|
|
| 1-Bedroom apartment in downtown area |
$1,468.90
€1,247.08
|
$489.41
₩666,834
|
|
| 1-Bedroom apartment outside city center |
$1,074.71
€912.42
|
$334.23
₩455,399
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$130.03
€110.40
|
$133.35
₩181,698
|
|
pay 52.4% more for childcare
|
Madrid
|
Incheon
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$567.57
€481.86
|
$276.93
₩377,331
|
|
| Middle school for 1 child, two semesters |
$10,069.47
€8,548.90
|
$25,783.32
₩35,130,773
|
|
pay 9.7% less for entertainment and sports
|
Madrid
|
Incheon
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.75
€3.18
|
$2.86
₩3,903
|
|
| Cappuccino in mid-range area |
$2.59
€2.20
|
$3.46
₩4,717
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€5.46
|
$3.22
₩4,391
|
|
| Monthly membership at local gym |
$43.11
€36.60
|
$39.21
₩53,428
|
|
| Movie ticket to theater/cinema |
$10.72
€9.10
|
$10.74
₩14,638
|
|
pay 22.6% less for clothing
|
Madrid
|
Incheon
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$90.50
€76.83
|
$58.49
₩79,695
|
|
|
Regular dress
from H&M or similar store
|
$37.21
€31.59
|
$37.24
₩50,744
|
|
|
Running shoes
Nike or Adidas
|
$97.88
€83.10
|
$60.88
₩82,948
|
|
| Men's business shoes (leather) |
$121.40
€103.07
|
$100.27
₩136,620
|
|
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