Prices in South Korea

What are the supermarket prices in South Korea? Is the cost of living in South Korea are higher than in United States? How much will it cost us to entertain in South Korea and how much will we spend in restaurants and bars?
On this page below you will find the current price and cost overview in South Korea: food, Restaurants, living, and Entertainment (The last update: today 16 hours ago)

Currency in South Korea to South Korean won (KRW ₩). For 9.9 US dollars you can get 11.7 thousand South Korean won. For 99 US dollars you can get 117 thousand South Korean won. And the other way: For 99 South Korean won you can get 0.0837 US dollars.


What are the different prices in the cities in South Korea? Look here: Prices in cities in South Korea

Prices: Busan   Daegu   Daejeon   Incheon   Seoul   Ulsan   Jeonju   Bucheon   Pohang   Jeju  

In general, given the different costs, there are no significant differences in South Korea from costs in United States. Food and basic products are on average more expensive by 26%. Dining in restaurants and bars will be cheaper by 41%. And the cost of living is higher in South Korea around 30%. If we want to use our free time for entertainment or sport, we have to focus on spending more money by 24%.

See also how prices have changed in previous years: Price changes in previous years in South Korea


Are hotels expensive in South Korea? How much will we pay for a room in South Korea?

The average price of accommodation in South Korea is $68 (₩80K). If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $50 (₩59K) and if you like hostels, you'll spend the night there for: $37 (₩44K). The cost of a room in a 2-star hotel is South Korea in $54 (₩64K). 3-star hotels offer accommodation on average for $63 (₩75K) Overnight stay in 4-star hotel costs $82 (₩97K) in South Korea If you are looking for the best conditions for your stay, then in 5-star hotels that will provide much more luxury you will have to pay $160 (₩190K)


And if you plan a trip to a given region of the world, maybe cheaper than in South Korea will be in nearby countries? See prices in: North Korea, Japan, Taiwan, Hong Kong, and Macau.

Comparison of selected prices in South Korea with prices in United States:

fees

$150 ($89 - $250)
8% less than in United States

internet

$23 ($17 - $42)
64% less than in United States

jeans pants

$58 ($25 - $84)
35% more than in United States

average earnings

$2.3K
36% less than in United States

renting a small apartment in the center

$570 ($330 - $1.2K)
by half less than in United States

renting a large apartment outside the centre

$880 ($500 - $1.7K)
by half less than in United States

bread

$2.5 ($1.7 - $4.2)
8.7% less than in United States

cheese

$15 ($8.3 - $42)
37% more than in United States

rice

$3.8 ($1.7 - $6.7)
3.7% less than in United States

tomatoes

$5.5 ($2.7 - $10)
30% more than in United States

bananas

$3.4 ($2.5 - $6.7)
120% more than in United States

wine

$14 ($7.5 - $25)
20% more than in United States

cheap restaurant

$6.3 ($4.2 - $9.2)
by half less than in United States

local beer

$3.3 ($1.7 - $4.2)
32% less than in United States

coffee

$3.8 ($2.1 - $5)
11% less than in United States

bottle of water

$0.73 ($0.5 - $1.3)
by half less than in United States

mac burger king or similar bar

$5.4 ($4.8 - $5.9)
31% less than in United States

cola pepsi sprite mirinda

$1.4 ($1 - $2.5)
25% less than in United States

Price changes in previous years in South Korea

Has the price of bread increased in South Korea?
Bread in previous years has cost: 2010: $1.6(₩1.9K), 2011: $1.7(₩2K), 2012: $1.9(₩2.2K), 2013: $2.1(₩2.5K), 2014: $2(₩2.3K), 2015: $2.1(₩2.4K), 2016: $2.3(₩2.7K), 2017: $2.5(₩3K), and 2018: $2.5(₩3K).

South Korea price changes: A loaf of fresh white bread (500g) 2010-2018
South Korea price changes A loaf of fresh white bread (500g) hikersbay.com

Bananas - price changes in years: 2015: $3.5(₩4.2K), 2016: $3.3(₩3.8K), 2017: $3.9(₩4.6K), and 2018: $3.6(₩4.3K)

South Korea price changes: Bananas (1kg) 2015-2018
South Korea price changes Bananas (1kg) hikersbay.com

Have prices increased in restaurants in South Korea?
In inexpensive restaurants, the price for a meal was: 2010: $4.7(₩5.5K), 2011: $4.6(₩5.4K), 2012: $5(₩5.9K), 2013: $5.7(₩6.7K), 2014: $5.6(₩6.7K), 2015: $5(₩5.9K), 2016: $5.9(₩6.9K), 2017: $5.9(₩6.9K), and 2018: $6.5(₩7.7K)

South Korea price changes: Meal in a cheap restaurant 2010-2018
South Korea price changes Meal in a cheap restaurant hikersbay.com

Renting A Small Apartment In The Center - price changes in years: 2010: $430(₩500K), 2011: $550(₩650K), 2012: $560(₩660K), 2013: $790(₩940K), 2014: $580(₩690K), 2015: $830(₩990K), 2016: $610(₩720K), 2017: $630(₩750K), and 2018: $600(₩710K)

South Korea price changes: Apartment (1 bedroom) in City Centre 2010-2018
South Korea price changes Apartment (1 bedroom) in City Centre hikersbay.com
South Korea price changes: Taxi 1km (Normal Tariff) 2011-2018
South Korea price changes Taxi 1km (Normal Tariff) hikersbay.com