Cost of Living in Seoul
Median income in Seoul is ₩42,000,000/year (₩3,500,000/month). Here is how to budget every dollar.
Average Rent in Seoul
₩600,000
Studio
₩900,000
1 Bedroom
₩1,400,000
2 Bedrooms
Monthly Budget Breakdown: ₩3,500,000/month
How to allocate the median Seoul income of ₩42,000,000/year after taxes.
Housing
₩900,000
Food & Groceries
₩400,000
Transportation
₩65,000
Utilities
₩120,000
Healthcare
₩50,000
Entertainment
₩300,000
Personal & Other
₩265,000
Savings
₩1,400,000
Total
₩3,500,000
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Affordable Neighborhoods in Seoul
Gwanak and Dongjak districts near Seoul National University are popular and affordable
Nowon and Dobong in northern Seoul offer the lowest rents with subway access
Bucheon and Incheon are satellite cities with significantly lower housing costs
Money-Saving Tips for Seoul
National Health Insurance covers most medical costs with small copays
T-money card and subway transfers are extremely affordable (₩1,400 base fare)
Korean convenience stores (CU, GS25) and kimbap restaurants offer meals under ₩5,000
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