Cost of living comparison
South Korea is 33.4% cheaper than New Jersey.
- Restaurants
-
pay 55.6% less in South Korea
- Groceries
-
pay 6.9% more in South Korea
- Transportation
-
pay 28.9% less in South Korea
- Housing
-
pay 58.3% less in South Korea
- Childcare
-
pay 47.8% less in South Korea
- Entertainment and Sports
-
pay 42.1% less in South Korea
- Clothing
-
pay 8.0% less in South Korea
Expenses including housing, restaurants, childcare, entertainment and sports, transportation, and clothing are lower in South Korea.
If you lived in South Korea instead of New Jersey, you would:
pay 55.6% less for restaurants
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.00
|
$6.16
₩8,916
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.19
|
$5.24
₩7,584
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.49
|
$1.47
₩2,131
|
|
| Bottle of water (11 fl. oz) |
$2.02
|
$0.79
₩1,146
|
|
pay 6.9% more for groceries
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.89
|
$3.08
₩4,453
|
|
| Local cheese (8 oz) |
$7.30
|
$5.40
₩7,823
|
|
| Milk (1 gallon) |
$4.36
|
$7.46
₩10,796
|
|
|
Eggs
1 dozen
|
$3.63
|
$2.76
₩3,991
|
|
| Boneless chicken breast (1 lb) |
$5.77
|
$3.32
₩4,807
|
|
| Apples (1 lb) |
$2.60
|
$3.17
₩4,585
|
|
| Bananas (1 lb) |
$0.90
|
$1.49
₩2,155
|
|
| Oranges (1 lb) |
$2.10
|
$2.53
₩3,664
|
|
| Tomatoes (1 lb) |
$2.65
|
$2.41
₩3,495
|
|
| Potatoes (1 lb) |
$1.28
|
$1.82
₩2,642
|
|
| Onions (1 lb) |
$1.59
|
$1.21
₩1,751
|
|
pay 28.9% less for transportation
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.49
|
$4.39
₩6,358
|
|
| Monthly public transit pass |
$133.88
|
$45.32
₩65,596
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,750.31
|
$27,023.07
₩39,116,293
|
|
| Taxi trip in downtown area (5 miles) |
$20.65
|
$8.17
₩11,829
|
|
pay 58.3% less for housing
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.37
|
$17.65
₩25,555
|
|
| 1-Bedroom apartment in downtown area |
$2,167.23
|
$426.93
₩617,990
|
|
| 1-Bedroom apartment outside city center |
$1,865.29
|
$328.41
₩475,383
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$112.29
|
$111.42
₩161,286
|
|
pay 47.8% less for childcare
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,618.98
|
$373.40
₩540,503
|
|
| Middle school for 1 child, two semesters |
$28,166.67
|
$22,907.58
₩33,159,059
|
|
pay 42.1% less for entertainment and sports
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$6.72
|
$3.09
₩4,479
|
|
| Cappuccino in mid-range area |
$4.97
|
$3.39
₩4,906
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.57
|
$3.21
₩4,652
|
|
| Monthly membership at local gym |
$54.75
|
$45.71
₩66,168
|
|
| Movie ticket to theater/cinema |
$15.73
|
$10.10
₩14,618
|
|
pay 8.0% less for clothing
|
New Jersey
|
South Korea
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.04
|
$60.70
₩87,871
|
|
|
Regular dress
from H&M or similar store
|
$45.58
|
$44.52
₩64,447
|
|
|
Running shoes
Nike or Adidas
|
$91.11
|
$72.99
₩105,657
|
|
| Men's business shoes (leather) |
$124.03
|
$93.73
₩135,676
|
|
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