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
ISK2,753
|
$7.88
₩10,997
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,480
|
$6.09
₩8,498
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK434
|
$1.59
₩2,215
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK301
|
$0.84
₩1,174
|
|
pay 25.3% more for groceries
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK497
|
$3.10
₩4,321
|
|
| Local cheese (8 oz) |
$7.76
ISK1,068
|
$6.52
₩9,107
|
|
| Milk (1 gallon) |
$6.40
ISK882
|
$8.06
₩11,249
|
|
|
Eggs
1 dozen
|
$5.76
ISK792
|
$3.06
₩4,269
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,300
|
$4.74
₩6,612
|
|
| Apples (1 lb) |
$1.40
ISK193
|
$3.30
₩4,603
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$1.55
₩2,163
|
|
| Oranges (1 lb) |
$1.22
ISK168
|
$2.44
₩3,407
|
|
| Tomatoes (1 lb) |
$2.22
ISK306
|
$2.68
₩3,748
|
|
| Potatoes (1 lb) |
$1.43
ISK197
|
$1.73
₩2,416
|
|
| Onions (1 lb) |
$0.93
ISK129
|
$1.39
₩1,936
|
|
pay 47.4% less for transportation
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,170
|
$4.59
₩6,405
|
|
| Monthly public transit pass |
$74.95
ISK10,318
|
$44.40
₩61,986
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,843,304
|
$27,023.07
₩37,722,173
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,311
|
$8.02
₩11,197
|
|
pay 12.2% less for housing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,617
|
$22.27
₩31,093
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK271,332
|
$883.18
₩1,232,852
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK248,243
|
$490.54
₩684,756
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,427
|
$133.35
₩186,151
|
|
pay 2.5 times more for childcare
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK34,707
|
$385.48
₩538,102
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK825,073
|
$20,782.92
₩29,011,393
|
|
pay 44.6% less for entertainment and sports
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,488
|
$3.58
₩4,999
|
|
| Cappuccino in mid-range area |
$5.31
ISK730
|
$3.60
₩5,028
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,686
|
$3.22
₩4,499
|
|
| Monthly membership at local gym |
$69.95
ISK9,628
|
$53.73
₩75,002
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,034
|
$10.74
₩14,996
|
|
pay 32.6% less for clothing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,000
|
$59.13
₩82,538
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,844
|
$46.64
₩65,112
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,903
|
$86.69
₩121,017
|
|
| Men's business shoes (leather) |
$194.16
ISK26,726
|
$124.89
₩174,338
|
|
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