Are you considering a move to Incheon, South Korea, and wondering about the cost of living? Incheon is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Incheon and help you understand whether $2042 per month is moderately priced, given the average monthly salary of $2257.39.
|
Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
6.89 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
34.43 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
5.55 $ |
|
|
Domestic Beer (1 pint draught) |
3.06 $ |
|
|
Imported Beer (12 oz small bottle) |
4.59 $ |
|
|
Cappuccino (regular) |
3.52 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
1.58 $ |
|
|
Water (12 oz small bottle) |
0.76 $ |
|
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
2.19 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
3.09 $ |
|
|
Rice (white), (1 lb) |
3.72 $ |
|
|
Eggs (regular) (12) |
3.41 $ |
|
|
Local Cheese (1 lb) |
12.56 $ |
|
|
Chicken Fillets (1 lb) |
8.61 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
21.4 $ |
|
|
Apples (1 lb) |
4.82 $ |
|
|
Banana (1 lb) |
3.81 $ |
|
|
Oranges (1 lb) |
6.15 $ |
|
|
Tomato (1 lb) |
6.38 $ |
|
|
Potato (1 lb) |
3.19 $ |
|
|
Onion (1 lb) |
1.91 $ |
|
|
Lettuce (1 head) |
2.04 $ |
|
|
Water (1.5 liter bottle) |
1.12 $ |
|
|
Bottle of Wine (Mid-Range) |
16.83 $ |
|
|
Domestic Beer (0.5 liter bottle) |
2.3 $ |
|
|
Imported Beer (12 oz small bottle) |
2.81 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
3.44 $ |
|
|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
1.05 $ |
|
|
Monthly Pass (Regular Price) |
38.26 $ |
|
|
Taxi Start (Normal Tariff) |
3.67 $ |
|
|
Taxi 1 mile (Normal Tariff) |
0.57 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
8.26 $ |
|
|
Gasoline (1 gallon) |
1.33 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
28872.42 $ |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
18017.2 $ |
|
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
185.29 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
-- |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
22.45 $ |
|
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
36.73 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
38.26 $ |
|
|
Cinema, International Release, 1 Seat |
11.48 $ |
|
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
383.16 $ |
|
|
International Primary School, Yearly for 1 Child |
19882.9 $ |
|
|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
62.49 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
39.28 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
74.61 $ |
|
|
1 Pair of Men Leather Business Shoes |
107.13 $ |
|
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
401.74 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
286.96 $ |
|
|
Apartment (3 bedrooms) in City Centre |
1479.42 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
931.01 $ |
|
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
8695.65 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
7652.18 $ |
|
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
2257.39 $ |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
3.53 % |
|
The monthly expenses for living in Incheon come to a total of approximately $2042. This includes an average monthly rent of around $401 for a one-bedroom apartment in the city center, along with utilities costing about $196 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $990 per month.
Living in Incheon appears to be relatively budget-friendly when considering the average monthly income of $2257.39. However, to enjoy a comfortable standard of living in Incheon, you would likely need an income exceeding $2257.39.
In Incheon, the average monthly post-tax salary hovers around $2257.39, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Incheon is approximately $401. If you're open to living in a location outside the city center, you can expect to pay around $286.96 for such an apartment.
The expense for groceries in Incheon can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $855 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in South Korea can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout South Korea.
Pickpockets are often met here and therefore it is advisable to keep a close look at your belongings especially on your documents and try if possible not to carry all you have with you but instead store them in a safe place.
Overall it can be claimed that it is a safe destination for tourists if all precautions measures will be taken into account and choose wisely your accommodation.
Transport infrastructure is very developed in the city and as a result, traveling facilities are available everywhere and are claimed to be very safe.
There are some natural disasters that can affect the country as a whole, but not specifically the city. However, it is still advisable to have a look at the news and follow the advice of public authorities in case of an emergency.
There is an increasing number of violent crimes in the city, meaning that in order for you to avoid such unpleasant cases you should opt for not walking alone at night is not so populated places and take all measures to safeguard your possessions as well as yourself.
Terrorist attacks happening in the city can not be ruled out and the only solution to this would be to follow the advice of public authorities. Therefore, keep a close look on the national websites and get updated.
There are scammers in the city but these could be easily avoided through using your common sense and not being easily influenced. If you feel the pressure from a person regarding a decision report it immediately and get rid of that person as soon as possible.
This is definitely a safe place for solo traveling women but still, it is advisable to not walk alone in the dark part of the day.
It depends on your citizenship whether you need a visa or not, but all the required information is clearly provided by the web-site of the public authorities.
The local currency is South Korean won that you will be able to get in exchange for quite a wide range of currencies available on the Korean exchange market.
The climate of the city is considered to be continental which means that winters are very cold but sunny, and summers are hot and rainy.
Incheon International Airport operates a wide range of international flights and is considered to be the largest airport in South Korea and one of the largest and busiest airports in the world.
As it is always recommended to have travel insurance while traveling, no matter the destination, therefore, Incheon is not an exception.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 34°F | 39°F | 50°F | 62°F | 71°F | 78°F | 82°F | 84°F | 77°F | 66°F | 51°F | 39°F |
| Temp | 26°F | 31°F | 40°F | 52°F | 62°F | 70°F | 76°F | 77°F | 69°F | 57°F | 44°F | 31°F |
| Low | 19°F | 24°F | 33°F | 44°F | 55°F | 64°F | 71°F | 71°F | 62°F | 49°F | 36°F | 24°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 1°C | 3°C | 10°C | 16°C | 21°C | 25°C | 27°C | 28°C | 25°C | 18°C | 10°C | 3°C |
| Temp | -3°C | 0°C | 4°C | 11°C | 16°C | 21°C | 24°C | 25°C | 20°C | 13°C | 6°C | 0°C |
| Low | -7°C | -4°C | 0°C | 6°C | 12°C | 17°C | 21°C | 21°C | 16°C | 9°C | 2°C | -4°C |