Prices in South Korea

What are the supermarket prices in South Korea? Is the cost of living in South Korea 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 prices, Prices in restaurants, cost of living, and entertainment costs (The last update: today 5 hours ago)

Currency in South Korea South Korean won (KRW ₩). For 10 US dollars you can get 14.5 thousand South Korean won. For 100 US dollars you can get 145 thousand South Korean won. And the other way around: For 100 South Korean won you can get 0.0691 US dollars.

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

Prices: Busan   Cheongju   Gwangju   Incheon   Seoul   Yeosu   Daegu   Daejeon   Bucheon   Anyang  

Overall, it can be said that prices in South Korea are lower than in United States. We will pay similarly for food as we do here. Dining in restaurants and bars will be cheaper by 53%. The cost of living in South Korea is less than in United States by about 10%. If we want to spend time actively or to have fun, we will pay less than in United States about 17%.

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 (₩98.9K). If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $51 (₩73.2K) and if you like hostels, you'll spend the night there for: $37 (₩54.2K). The cost of a room in a 2-star hotel is South Korea in $55 (₩79.6K). 3-star hotels offer accommodation for an average price of $64 (₩92.6K) Overnight stay in a 4-star hotel costs $83 (₩120K) 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 (₩231K)

If you're planning a trip to a specific region of the world, might it be cheaper than in South Korea? Check out prices in nearby countries: North Korea, Japan, Taiwan, Hong Kong, and Macau.

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

fees

$154 ($98 - $207)
25% is less expensive than in United States

internet

$20 ($13.8 - $35)
71% is less expensive than in United States

jeans

$54 ($28 - $86)
2.5% more than in United States

average earnings

$2.26K
by half less than in United States

renting a small apartment in the center

$462 ($277 - $1.04K)
74% is less expensive than in United States

renting a large apartment outside the center

$841 ($415 - $1.73K)
65% is less expensive than in United States

bread

$2.7 ($1.7 - $6.2)
23% is less expensive than in United States

cheese

$11 ($6.9 - $24)
14% is less expensive than in United States

rice

$2.9 ($1.7 - $5.5)
36% is less expensive than in United States

tomatoes

$5.1 ($2.1 - $9)
4.3% more than in United States

bananas

$3.2 ($2.1 - $6.9)
90% more than in United States

wine

$13.8 ($6.9 - $26)
7.8% is less expensive than in United States

cheap restaurant

$6.7 ($4.8 - $10.4)
66% is less expensive than in United States

local beer

$3.1 ($1.9 - $4.8)
by half less than in United States

coffee

$3.5 ($2.1 - $4.8)
32% is less expensive than in United States

bottle of water

$0.71 ($0.55 - $1.2)
65% is less expensive than in United States

Burger King or a similar bar

$5.5 ($4.8 - $6.6)
by half less than in United States

Cola, Pepsi, Sprite, Mirinda

$1.4 ($1 - $2.3)
by half 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: $1.3(₩1.95K), 2011: $1.4(₩2.07K), 2012: $1.6(₩2.24K), 2013: $1.8(₩2.54K), 2014: $1.6(₩2.33K), 2015: $1.7(₩2.46K), 2016: $1.9(₩2.76K), 2017: $2.1(₩3.02K), and 2018: $2.1(₩3K).

Price changes in Bananas over the years: 2015: $2.9(₩4.23K), 2016: $2.7(₩3.89K), 2017: $3.2(₩4.66K), and 2018: $3(₩4.3K)

Have prices increased in restaurants in South Korea?
In inexpensive restaurants, the price for a meal was: 2010: $3.8(₩5.56K), 2011: $3.8(₩5.5K), 2012: $4.1(₩6K), 2013: $4.7(₩6.8K), 2014: $4.7(₩6.75K), 2015: $4.1(₩6K), 2016: $4.8(₩7K), 2017: $4.8(₩7K), and 2018: $5.4(₩7.75K)

Price changes in Renting A Small Apartment In The Center over the years: 2010: $352(₩509K), 2011: $454(₩656K), 2012: $459(₩665K), 2013: $656(₩948K), 2014: $481(₩696K), 2015: $688(₩995K), 2016: $500(₩724K), 2017: $520(₩753K), and 2018: $498(₩720K)