Cost of living comparison
Seoul is 2.6% more expensive than Madrid.
If you lived in Seoul instead of Madrid, you would:
pay 47.7% less for restaurants
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.08
€15.43
|
$7.88
₩11,065
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.72
€10.29
|
$6.09
₩8,550
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.79
€2.68
|
$1.59
₩2,228
|
|
| Bottle of water (11 fl. oz) |
$1.80
€1.73
|
$0.84
₩1,181
|
|
pay 86.9% more for groceries
|
Madrid
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.50
€1.44
|
$3.10
₩4,347
|
|
| Local cheese (8 oz) |
$6.92
€6.64
|
$6.52
₩9,163
|
|
| Milk (1 gallon) |
$4.41
€4.23
|
$8.06
₩11,318
|
|
|
Eggs
1 dozen
|
$3.05
€2.93
|
$3.06
₩4,295
|
|
| Boneless chicken breast (1 lb) |
$3.78
€3.63
|
$4.74
₩6,652
|
|
| Apples (1 lb) |
$1.13
€1.08
|
$3.30
₩4,632
|
|
| Bananas (1 lb) |
$0.87
€0.84
|
$1.55
₩2,176
|
|
| Oranges (1 lb) |
$1.01
€0.96
|
$2.44
₩3,428
|
|
| Tomatoes (1 lb) |
$1.05
€1.01
|
$2.68
₩3,771
|
|
| Potatoes (1 lb) |
$0.83
€0.80
|
$1.73
₩2,431
|
|
| Onions (1 lb) |
$0.82
€0.79
|
$1.39
₩1,948
|
|
pay 24.9% less for transportation
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
€6.51
|
$4.59
₩6,444
|
|
| Monthly public transit pass |
$42.87
€41.15
|
$44.40
₩62,367
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,759.38
€34,324.60
|
$27,023.07
₩37,954,166
|
|
| Taxi trip in downtown area (5 miles) |
$14.90
€14.30
|
$8.02
₩11,266
|
|
pay 30.4% less for housing
|
Madrid
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.85
€30.57
|
$22.27
₩31,284
|
|
| 1-Bedroom apartment in downtown area |
$1,468.90
€1,409.96
|
$883.18
₩1,240,434
|
|
| 1-Bedroom apartment outside city center |
$1,074.71
€1,031.59
|
$490.54
₩688,967
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$130.03
€124.81
|
$133.35
₩187,295
|
|
pay 37.2% more for childcare
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$567.57
€544.80
|
$385.48
₩541,411
|
|
| Middle school for 1 child, two semesters |
$10,069.47
€9,665.45
|
$20,782.92
₩29,189,815
|
|
pay 1.9% more for entertainment and sports
|
Madrid
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.75
€3.60
|
$3.58
₩5,030
|
|
| Cappuccino in mid-range area |
$2.59
€2.48
|
$3.60
₩5,059
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.43
€6.17
|
$3.22
₩4,527
|
|
| Monthly membership at local gym |
$43.11
€41.38
|
$53.73
₩75,463
|
|
| Movie ticket to theater/cinema |
$10.72
€10.29
|
$10.74
₩15,089
|
|
pay 4.5% less for clothing
|
Madrid
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$90.50
€86.87
|
$59.13
₩83,045
|
|
|
Regular dress
from H&M or similar store
|
$37.21
€35.72
|
$46.64
₩65,513
|
|
|
Running shoes
Nike or Adidas
|
$97.88
€93.95
|
$86.69
₩121,761
|
|
| Men's business shoes (leather) |
$121.40
€116.53
|
$124.89
₩175,410
|
|
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