Cost of Living in South Korea
High-tech powerhouse; offers super-fast internet and efficient cities, though cost and competition are intense.
Explore the Wise account£1,056
Average cost per month
Distribution of Expenses
K-Pop & e-sports
Mountainous peninsula
Tech giant; highly educated
Cost of living breakdown for South Korea
You can expect to spend around £1,056 per month for 1 person as of 2026, on common living costs such as housing, food, and transport.
Housing
Standard of Living
Food & Drink
South Korea average costs for food and drink.
Salary & Services
South Korea average salaries and services.
Average living costs in South Korea
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £463.06 | £250.37 - £751.11 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £315.13 | £175.26 - £600.89 |
| 3 Bedroom Apartment in City CentreRent Per Month | £1,170.16 | £650.96 - £1,879.78 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £709.68 | £400.59 - £1,001.48 |
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Frequently asked questions
The cost of living in South Korea depends on your lifestyle and location. On average, a single person needs £688 per month without rent, while a family of four requires £2,404. Renting a 1-bedroom apartment in the city centre costs an additional £463 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in South Korea costs £0.75. If you are commuting regularly, a monthly pass is typically priced at £33.
The average monthly net salary (after tax) in South Korea is currently £1,623.
Dining costs depend on your choices. A meal at an inexpensive restaurant in South Korea costs approximately £5, while a three-course meal for two people at a mid-range restaurant costs around £30.
The estimated monthly cost of living in South Korea for a single person is £688, excluding rent.
For a family of four living in South Korea, the estimated monthly costs are £2,404, not including rent.
Rent prices in South Korea depend on location. The average monthly rent for a 1-bedroom apartment in a city centre is £463, compared to £315 outside the centre. For a 3-bedroom apartment, the average is £1,170 in city centres and £710 in suburban areas.
Basic utilities in South Korea (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £129 per month. Internet access typically adds another £16.