Cost of living comparison
Seoul is 3.0% cheaper than Reykjavik.
- Restaurants
-
pay 59.5% less in Seoul
- Groceries
-
pay 25.3% more in Seoul
- Transportation
-
pay 47.4% less in Seoul
- Housing
-
pay 12.2% less in Seoul
- Childcare
-
pay 2.5 times more in Seoul
- Entertainment and Sports
-
pay 44.6% less in Seoul
- Clothing
-
pay 32.6% less in Seoul
The cost of childcare and groceries in Seoul are more expensive than in Reykjavik. Expenses including restaurants, transportation, entertainment and sports, clothing, and housing are lower in Seoul. Notably, childcare is significantly more expensive in Seoul.
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
ISK2,436
|
$7.88
₩10,865
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,195
|
$6.09
₩8,396
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK384
|
$1.59
₩2,188
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK266
|
$0.84
₩1,160
|
|
pay 25.3% more for groceries
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK440
|
$3.10
₩4,269
|
|
| Local cheese (8 oz) |
$7.76
ISK945
|
$6.52
₩8,998
|
|
| Milk (1 gallon) |
$6.40
ISK780
|
$8.06
₩11,114
|
|
|
Eggs
1 dozen
|
$5.76
ISK701
|
$3.06
₩4,218
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,151
|
$4.74
₩6,532
|
|
| Apples (1 lb) |
$1.40
ISK171
|
$3.30
₩4,548
|
|
| Bananas (1 lb) |
$1.01
ISK123
|
$1.55
₩2,137
|
|
| Oranges (1 lb) |
$1.22
ISK148
|
$2.44
₩3,366
|
|
| Tomatoes (1 lb) |
$2.22
ISK271
|
$2.68
₩3,703
|
|
| Potatoes (1 lb) |
$1.43
ISK175
|
$1.73
₩2,387
|
|
| Onions (1 lb) |
$0.93
ISK114
|
$1.39
₩1,913
|
|
pay 47.4% less for transportation
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,036
|
$4.59
₩6,328
|
|
| Monthly public transit pass |
$74.95
ISK9,130
|
$44.40
₩61,241
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,170,889
|
$27,023.07
₩37,269,131
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK2,930
|
$8.02
₩11,063
|
|
pay 12.2% less for housing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,510
|
$22.27
₩30,719
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK240,108
|
$883.18
₩1,218,045
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK219,677
|
$490.54
₩676,532
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,572
|
$133.35
₩183,915
|
|
pay 2.5 times more for childcare
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK30,713
|
$385.48
₩531,639
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK730,128
|
$20,782.92
₩28,662,968
|
|
pay 44.6% less for entertainment and sports
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,317
|
$3.58
₩4,939
|
|
| Cappuccino in mid-range area |
$5.31
ISK646
|
$3.60
₩4,968
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,492
|
$3.22
₩4,445
|
|
| Monthly membership at local gym |
$69.95
ISK8,520
|
$53.73
₩74,101
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,800
|
$10.74
₩14,816
|
|
pay 32.6% less for clothing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,274
|
$59.13
₩81,546
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,056
|
$46.64
₩64,330
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK18,497
|
$86.69
₩119,564
|
|
| Men's business shoes (leather) |
$194.16
ISK23,650
|
$124.89
₩172,244
|
|
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