Cost of living comparison
Seoul is 3.0% cheaper than Reykjavik.
If you lived in Seoul instead of Reykjavik, you would:
pay 59.5% less for restaurants
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,783
|
$7.88
₩11,395
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,507
|
$6.09
₩8,805
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK439
|
$1.59
₩2,295
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK304
|
$0.84
₩1,216
|
|
pay 25.3% more for groceries
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK502
|
$3.10
₩4,477
|
|
| Local cheese (8 oz) |
$7.76
ISK1,079
|
$6.52
₩9,436
|
|
| Milk (1 gallon) |
$6.40
ISK891
|
$8.06
₩11,656
|
|
|
Eggs
1 dozen
|
$5.76
ISK801
|
$3.06
₩4,424
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,314
|
$4.74
₩6,851
|
|
| Apples (1 lb) |
$1.40
ISK195
|
$3.30
₩4,770
|
|
| Bananas (1 lb) |
$1.01
ISK140
|
$1.55
₩2,241
|
|
| Oranges (1 lb) |
$1.22
ISK169
|
$2.44
₩3,530
|
|
| Tomatoes (1 lb) |
$2.22
ISK309
|
$2.68
₩3,883
|
|
| Potatoes (1 lb) |
$1.43
ISK200
|
$1.73
₩2,503
|
|
| Onions (1 lb) |
$0.93
ISK130
|
$1.39
₩2,006
|
|
pay 47.4% less for transportation
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,183
|
$4.59
₩6,636
|
|
| Monthly public transit pass |
$74.95
ISK10,428
|
$44.40
₩64,228
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,906,131
|
$27,023.07
₩39,086,703
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,346
|
$8.02
₩11,602
|
|
pay 12.2% less for housing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,720
|
$22.27
₩32,217
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK274,249
|
$883.18
₩1,277,448
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK250,913
|
$490.54
₩709,526
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,507
|
$133.35
₩192,884
|
|
pay 2.5 times more for childcare
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK35,080
|
$385.48
₩557,567
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK833,944
|
$20,782.92
₩30,060,827
|
|
pay 44.6% less for entertainment and sports
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,504
|
$3.58
₩5,180
|
|
| Cappuccino in mid-range area |
$5.31
ISK738
|
$3.60
₩5,210
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,704
|
$3.22
₩4,662
|
|
| Monthly membership at local gym |
$69.95
ISK9,732
|
$53.73
₩77,715
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,056
|
$10.74
₩15,539
|
|
pay 32.6% less for clothing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,161
|
$59.13
₩85,523
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,918
|
$46.64
₩67,467
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,127
|
$86.69
₩125,395
|
|
| Men's business shoes (leather) |
$194.16
ISK27,013
|
$124.89
₩180,644
|
|
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