Cost of living comparison
Seoul is 1.1% cheaper than Reykjavik.
If you lived in Seoul instead of Reykjavik, you would:
pay 59.0% less for restaurants
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.59
ISK2,967
|
$8.11
₩11,194
|
|
|
Fast food combo meal
McDonalds, or similar
|
$17.27
ISK2,374
|
$5.90
₩8,141
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.90
ISK399
|
$1.53
₩2,105
|
|
| Bottle of water (11 fl. oz) |
$2.07
ISK285
|
$0.82
₩1,135
|
|
pay 24.8% more for groceries
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.68
ISK506
|
$3.09
₩4,266
|
|
| Local cheese (8 oz) |
$7.66
ISK1,052
|
$6.06
₩8,361
|
|
| Milk (1 gallon) |
$6.16
ISK847
|
$8.19
₩11,310
|
|
|
Eggs
1 dozen
|
$5.91
ISK813
|
$3.27
₩4,517
|
|
| Boneless chicken breast (1 lb) |
$8.87
ISK1,220
|
$4.76
₩6,569
|
|
| Apples (1 lb) |
$1.53
ISK210
|
$3.12
₩4,306
|
|
| Bananas (1 lb) |
$0.97
ISK133
|
$1.57
₩2,171
|
|
| Oranges (1 lb) |
$1.26
ISK173
|
$2.58
₩3,562
|
|
| Tomatoes (1 lb) |
$2.23
ISK306
|
$2.72
₩3,748
|
|
| Potatoes (1 lb) |
$1.42
ISK195
|
$1.91
₩2,633
|
|
| Onions (1 lb) |
$1.01
ISK139
|
$1.42
₩1,953
|
|
pay 42.6% less for transportation
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.57
ISK1,179
|
$4.69
₩6,471
|
|
| Monthly public transit pass |
$66.92
ISK9,198
|
$45.15
₩62,328
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$41,660.67
ISK5,726,259
|
$27,815.53
₩38,394,890
|
|
| Taxi trip in downtown area (5 miles) |
$23.30
ISK3,202
|
$9.44
₩13,025
|
|
pay 17.2% less for housing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$68.45
ISK9,408
|
$23.52
₩32,466
|
|
| 1-Bedroom apartment in downtown area |
$1,864.13
ISK256,225
|
$873.53
₩1,205,765
|
|
| 1-Bedroom apartment outside city center |
$1,666.20
ISK229,019
|
$528.87
₩730,014
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.43
ISK8,856
|
$140.47
₩193,896
|
|
pay 2.5 times more for childcare
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$240.37
ISK33,039
|
$381.75
₩526,945
|
|
| Middle school for 1 child, two semesters |
$5,984.07
ISK822,511
|
$20,838.36
₩28,764,028
|
|
pay 40.9% less for entertainment and sports
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.79
ISK1,483
|
$3.69
₩5,088
|
|
| Cappuccino in mid-range area |
$5.09
ISK699
|
$3.88
₩5,351
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.87
ISK1,632
|
$3.32
₩4,579
|
|
| Monthly membership at local gym |
$65.50
ISK9,003
|
$52.67
₩72,696
|
|
| Movie ticket to theater/cinema |
$14.39
ISK1,978
|
$11.06
₩15,264
|
|
pay 26.3% less for clothing
|
Reykjavik
|
Seoul
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$103.94
ISK14,287
|
$60.77
₩83,887
|
|
|
Regular dress
from H&M or similar store
|
$43.50
ISK5,978
|
$44.72
₩61,724
|
|
|
Running shoes
Nike or Adidas
|
$141.47
ISK19,445
|
$85.92
₩118,596
|
|
| Men's business shoes (leather) |
$174.65
ISK24,006
|
$127.28
₩175,685
|
|
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