Seoul Index:

Cost of Living

2019 Rankings

RESTAURANTS (prices in USD equivalent)

$6.56
Meal for 1 (Inexpensive restaurant)
$32.82
Meal for 2 (Mid-range, three-course)
$5.42
Meal at McDonalds (Or equivalent combo meal)
$3.28
Domestic beer (1 pint draught)
$3.99
Cappuccino (Regular)
$0.79
Water (12 ox small bottle)

MARKETS (prices in USD equivalent)

$7.98
Milk (Regular, 1 gallon)
$2.14
Loaf of fresh white bread (1 lb)
$2.80
Eggs (Regular, one dozen)
$3.14
Apples (1 lb)
$16.41
Wine (One bottle mid-range)
$3.69
Cigarettes (20 pack Marlboro)

LOCAL PURCHASING POWER IN SEOUL COMPARED TO NEW YORK CITY

24.73 %

You would need approximately 5,763.75$ (6,715,864.82WON) in Seoul to maintain the same standard of living that you can have with 10,000USD in New York City. This assumes net earnings after income taxes and apartment rentals in both cities.

INDICES COMPARISON INDEX

Seoul, Korea
vs.
New York City, USA

Consumer prices
Seoul is 22.82% lower
Apartment rent prices
Seoul is 70.58% lower
Restaurant prices
Seoul is 60.94% lower
Groceries prices
Seoul is 5.56% lower

SOURCES: numbeo.com, globalpropertyguide.com