Cost of Living Comparison Between Busan and Gimcheon Cost of Living Comparison Between Busan and Gimcheon

Monthly Cost of Living

Monthly costs for one person with rent: $1,491 in Busan versus $1,470 in Gimcheon.

Estimated couple costs with rent: $2,362 in Busan versus $2,383 in Gimcheon.

Monthly costs for a family of three with rent: $3,234 in Busan versus $3,296 in Gimcheon.

Living in Busan is roughly 1% more expensive than Gimcheon, driven mainly by Getting Around.

Both cities are pricier than the global median: Busan 11% above, Gimcheon 10% above.

Meal at Budget Restaurant

$7.32 ₩10.9K

$8.62 ₩12.8K

-15.08%

Three-Course Dinner for Two, Mid-Range

$36.93 ₩54.8K

$55.5 ₩82.3K

-33.42%

Fast Food Meal (McDonalds, etc)

$6.00 ₩8,905

$6.27 ₩9,302

-4.31%

Cappuccino

$4.08 ₩6,057

$3.91 ₩5,801

4.35%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.82 ₩2,706

$1.66 ₩2,468

9.64%

Water (0.33 liter bottle)

$1.33 ₩1,968

$0.80 ₩1,187

66.25%

Local Beer (0.5 liter draught)

$3.70 ₩5,491

$3.60 ₩5,347

2.78%

Imported Beer (0.33 liter bottle)

$5.79 ₩8,584

$5.73 ₩8,505

1.05%

Milk (1 liter)

$2.24 ₩3,320

$2.17 ₩3,222

3.23%

White Bread (500g)

$3.50 ₩5,191

$3.35 ₩4,967

4.48%

Rice (white) (1kg)

$2.96 ₩4,394

$3.20 ₩4,740

-7.50%

Eggs

$2.97 ₩4,407

$3.08 ₩4,573

-3.57%

Local Cheese (1kg)

$10.31 ₩15.3K

$14.47 ₩21.5K

-28.75%

Chicken Fillets (1kg)

$8.45 ₩12.5K

$11.04 ₩16.4K

-23.46%

Beef Round Steak (1kg)

$28.07 ₩41.6K

$34.28 ₩50.8K

-18.12%

Apples (1kg)

$8.29 ₩12.3K

$7.79 ₩11.5K

6.42%

Banana (1kg)

$3.24 ₩4,800

$3.58 ₩5,317

-9.50%

Oranges (1kg)

$7.28 ₩10.8K

$5.54 ₩8,215

31.41%

Tomato (1kg)

$5.20 ₩7,711

$6.49 ₩9,625

-19.88%

Potato (1kg)

$5.05 ₩7,492

$3.83 ₩5,684

31.85%

Onion (1kg)

$3.03 ₩4,498

$2.90 ₩4,299

4.48%

Lettuce (1 head)

$2.02 ₩3,003

$2.52 ₩3,744

-19.84%

Water (1.5 liter bottle)

$1.15 ₩1,711

$1.20 ₩1,774

-4.17%

Cigarettes 20 Pack (Marlboro, Camel)

$3.29 ₩4,879

$3.40 ₩5,046

-3.24%

Wine (Bottle)

$16.69 ₩24.8K

$15.23 ₩22.6K

9.59%

Local Beer (0.5 liter bottle)

$1.69 ₩2,514

$2.34 ₩3,472

-27.78%

Imported Beer (0.33 liter bottle)

$3.49 ₩5,178

$3.36 ₩4,978

3.87%

One-way Ticket (Public Transport)

$1.11 ₩1,650

$1.11 ₩1,652

Public Transport Monthly Pass (Regular Price)

$43.63 ₩64.7K

Taxi Start (Normal Tariff)

$3.45 ₩5,121

$2.97 ₩4,403

16.16%

Taxi (Normal Tariff) (1km)

$0.79 ₩1,169

$0.56 ₩834

41.07%

Taxi 1hour Waiting (Normal Tariff)

$16.60 ₩24.6K

$8.63 ₩12.8K

92.35%

Gasoline (1 liter)

$1.17 ₩1,739

$1.11 ₩1,648

5.41%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$27.5K ₩40.7M

$27.4K ₩40.7M

0.12%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$24.7K ₩36.6M

$25.4K ₩37.7M

-2.96%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$187 ₩277.1K

$161 ₩239.5K

15.70%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$49.90 ₩74.0K

$34.75 ₩51.6K

43.60%

Internet (50+ Mbps, Unlimited Data)

$27.20 ₩40.3K

$21.80 ₩32.3K

24.77%

Gym Membership (Monthly)

$52.5 ₩77.9K

$47.36 ₩70.3K

10.87%

Tennis Court (1 Hour on Weekend)

$13.38 ₩19.9K

Cinema Ticket

$11.52 ₩17.1K

$10.97 ₩16.3K

5.01%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$496 ₩736.3K

$415 ₩615.5K

19.63%

International Primary School, 1 Child (Yearly)

$13.9K ₩20.6M

$23.2K ₩34.5M

-40.16%

Jeans (Levis 501 Or Similar)

$103 ₩152.4K

$58.9 ₩87.3K

74.47%

Summer Dress (H&M, Zara, etc)

$66.2 ₩98.2K

$46.99 ₩69.7K

40.86%

Sport Shoes (Adidas, Nike)

$89.1 ₩132.1K

$79.1 ₩117.3K

12.67%

Men's Leather Business Shoes

$119 ₩176.1K

$114 ₩169.7K

3.77%

1-bedroom Apartment, City Center (Monthly)

$516 ₩766.1K

$459 ₩680.7K

12.55%

1-bedroom Apartment, Outside City Center (Monthly)

$313 ₩465.0K

$376 ₩558.0K

-16.67%

3-bedroom Apartment, City Center (Monthly)

$1,022 ₩1.5M

$1,062 ₩1.6M

-3.77%

3-bedroom Apartment, Outside City Center (Monthly)

$670 ₩993.4K

$770 ₩1.1M

-13.07%

Buy Apartment in City Center (m2)

$9,547 ₩14.2M

Buy Apartment Outside City Center (m2)

$7,094 ₩10.5M

Average Monthly Net Salary (After Tax)

$2,452 ₩3.6M

$1,743 ₩2.6M

40.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.22

4.14

1.93%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Busan: April 25, 2026

Last update for Gimcheon: April 27, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $516 in Busan and $459 in Gimcheon. Housing cost is often the main lever when comparing two cities.

Busan pays 41% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $37.00 in Busan vs $55.0 in Gimcheon for a mid-range dinner for two. Groceries echo the gap at $446 vs $487 per month, with Busan cheaper across the board.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Busan vs Gimcheon: Cost of Living - Frequently Asked Questions

Gimcheon wins on cost – living expenses run 1% lower than in Busan. Housing and daily spending are where you'll feel the difference most, making Gimcheon the obvious pick if budget is a priority.

Busan pays 41% more on average, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $516 in Busan versus $459 in Gimcheon. Housing is usually the single largest factor when comparing overall living costs between the two.

Shoppers in Busan pay roughly 9% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,491 per month in Busan versus $1,470 in Gimcheon – a 1% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,470 in Gimcheon versus $1,491 in Busan, a $1,500 budget is realistic in Gimcheon but tight or insufficient in Busan. The gap between the two cities makes Gimcheon the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Busan and Gimcheon are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Gimcheon gentler on the wallet – expenses run 1% less than in Busan. Beyond cost, consider language, visa policies, and how big the international community is in each city.