Cost of Living Comparison Between Georgetown and Icheon Cost of Living Comparison Between Georgetown and Icheon

Monthly Cost of Living

A single person spends $1,637 per month in Georgetown vs $1,555 in Icheon, rent included.

A couple spends around $2,760 per month in Georgetown vs $1,990 in Icheon, rent included.

A family of three spends $3,884 per month in Georgetown vs $2,426 in Icheon, rent included.

Georgetown costs about 5% more than Icheon, driven mainly by Eating Out.

Both Georgetown and Icheon sit above the global median – Georgetown by 19%, Icheon by 13%.

Meal at Budget Restaurant

$17.79 GYD 3,699

$6.13 ₩8,333

190.21%

Three-Course Dinner for Two, Mid-Range

$70.6 GYD 14.7K

$47.96 ₩65.2K

47.25%

Fast Food Meal (McDonalds, etc)

$9.56 GYD 1,988

$6.69 ₩9,096

42.90%

Cappuccino

$5.74 GYD 1,194

$3.65 ₩4,960

57.26%

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

$1.22 GYD 254

$1.24 ₩1,689

-1.61%

Water (0.33 liter bottle)

$0.62 GYD 128

$1.20 ₩1,632

-48.33%

Local Beer (0.5 liter draught)

$1.88 GYD 391

$3.72 ₩5,058

-49.46%

Imported Beer (0.33 liter bottle)

$3.43 GYD 713

$4.22 ₩5,741

-18.72%

Milk (1 liter)

$3.31 GYD 688

$2.32 ₩3,151

42.67%

White Bread (500g)

$2.14 GYD 444

$3.15 ₩4,279

-32.06%

Rice (white) (1kg)

$2.00 GYD 415

$3.14 ₩4,269

-36.31%

Eggs

$4.18 GYD 869

$2.54 ₩3,446

64.57%

Local Cheese (1kg)

$15.60 GYD 3,245

$10.97 ₩14.9K

42.21%

Chicken Fillets (1kg)

$7.14 GYD 1,485

$10.11 ₩13.7K

-29.38%

Beef Round Steak (1kg)

$9.13 GYD 1,899

$24.73 ₩33.6K

-63.08%

Apples (1kg)

$8.09 GYD 1,682

$11.13 ₩15.1K

-27.31%

Banana (1kg)

$3.94 GYD 820

$3.46 ₩4,707

13.87%

Oranges (1kg)

$3.95 GYD 821

$8.15 ₩11.1K

-51.53%

Tomato (1kg)

$7.00 GYD 1,457

$5.74 ₩7,808

21.95%

Potato (1kg)

$2.44 GYD 508

$5.91 ₩8,030

-58.71%

Onion (1kg)

$3.10 GYD 645

$3.27 ₩4,439

-5.20%

Lettuce (1 head)

$3.04 GYD 632

$2.80 ₩3,809

8.57%

Water (1.5 liter bottle)

$1.68 GYD 349

$1.30 ₩1,770

29.23%

Cigarettes 20 Pack (Marlboro, Camel)

$3.42 GYD 712

$3.31 ₩4,502

3.32%

Wine (Bottle)

$16.81 GYD 3,496

$18.14 ₩24.7K

-7.33%

Local Beer (0.5 liter bottle)

$1.84 GYD 383

$2.31 ₩3,142

-20.35%

Imported Beer (0.33 liter bottle)

$2.62 GYD 546

$3.30 ₩4,491

-20.61%

One-way Ticket (Public Transport)

$0.55 GYD 115

$1.13 ₩1,539

-51.33%

Public Transport Monthly Pass (Regular Price)

$61.0 GYD 12.7K

Taxi Start (Normal Tariff)

$4.36 GYD 906

$3.49 ₩4,739

24.93%

Taxi (Normal Tariff) (1km)

$2.33 GYD 484

$0.74 ₩1,012

214.86%

Taxi 1hour Waiting (Normal Tariff)

$11.98 GYD 2,491

$16.52 ₩22.5K

-27.48%

Gasoline (1 liter)

$1.02 GYD 212

$1.32 ₩1,788

-22.73%

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

$27.6K GYD 5.7M

$28.6K ₩38.8M

-3.25%

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

$22.8K GYD 4.7M

$33.2K ₩45.2M

-31.40%

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

$122 GYD 25.4K

$196 ₩266.5K

-37.79%

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

$21.33 GYD 4,435

$36.30 ₩49.3K

-41.24%

Internet (50+ Mbps, Unlimited Data)

$43.92 GYD 9,133

$26.83 ₩36.5K

63.70%

Gym Membership (Monthly)

$38.59 GYD 8,026

$21.63 ₩29.4K

78.41%

Tennis Court (1 Hour on Weekend)

$15.11 GYD 3,142

Cinema Ticket

$6.34 GYD 1,319

$10.84 ₩14.7K

-41.51%

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

$1,015 GYD 211.2K

$618 ₩839.9K

64.32%

International Primary School, 1 Child (Yearly)

$19.0K GYD 4.0M

$21.3K ₩28.9M

-10.51%

Jeans (Levis 501 Or Similar)

$37.78 GYD 7,858

$101 ₩137.0K

-62.50%

Summer Dress (H&M, Zara, etc)

$41.31 GYD 8,591

$63.6 ₩86.4K

-35.00%

Sport Shoes (Adidas, Nike)

$136 GYD 28.3K

$90.8 ₩123.5K

50.08%

Men's Leather Business Shoes

$86.5 GYD 18.0K

$123 ₩167.8K

-29.93%

1-bedroom Apartment, City Center (Monthly)

$954 GYD 198.4K

$726 ₩986.8K

31.42%

1-bedroom Apartment, Outside City Center (Monthly)

$514 GYD 106.9K

$437 ₩593.8K

17.69%

3-bedroom Apartment, City Center (Monthly)

$3,290 GYD 684.2K

3-bedroom Apartment, Outside City Center (Monthly)

$1,312 GYD 272.8K

Buy Apartment in City Center (m2)

$3,628 GYD 754.6K

Buy Apartment Outside City Center (m2)

$1,559 GYD 324.2K

Average Monthly Net Salary (After Tax)

$515 GYD 107.2K

$2,262 ₩3.1M

-77.22%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.94

3.9

77.95%

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

Last update for Georgetown: August 29, 2026

Last update for Icheon: August 30, 2026

Cost Breakdown

A central one-bedroom costs $954 in Georgetown versus $726 in Icheon. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 339% higher in Icheon, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $71.0 in Georgetown versus $48.00 in Icheon. Groceries tell a different story – $398 in Georgetown vs $478 in Icheon – so Georgetown wins on supermarket bills even if dining out costs more.

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

Georgetown vs Icheon: Cost of Living - Frequently Asked Questions

Georgetown costs about 5% more than Icheon, with the gap driven mainly by Eating Out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,455 per month in Georgetown and $2,333 in Icheon. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Icheon, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $71.0 in Georgetown and $48.00 in Icheon. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 20% cheaper in Georgetown – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Icheon, where all-in costs run around $1,555, than in Georgetown at $1,637. In Icheon it covers expenses comfortably, while in Georgetown it requires careful planning or may not stretch far enough.

Families tend to lean toward Icheon – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Icheon. If higher salaries, better infrastructure, or specific career opportunities are the priority, Georgetown makes more sense. Both are solid long-term options with distinct trade-offs.