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

Monthly Cost of Living

A single person spends $1,317 per month in Georgetown vs $1,436 in Icheon, rent included.

A couple spends around $2,386 per month in Georgetown vs $2,262 in Icheon, rent included.

A family of three spends $3,456 per month in Georgetown vs $3,088 in Icheon, rent included.

Georgetown is about 8% cheaper than Icheon, driven mainly by Groceries & Markets.

Georgetown sits 1% below the global median, while Icheon is 7% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$12.09 GYD 2,515

$6.30 ₩9,367

91.90%

Three-Course Dinner for Two, Mid-Range

$70.6 GYD 14.7K

$36.80 ₩54.7K

91.77%

Fast Food Meal (McDonalds, etc)

$8.51 GYD 1,770

$6.22 ₩9,252

36.82%

Cappuccino

$5.08 GYD 1,057

$4.19 ₩6,231

21.24%

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

$1.18 GYD 246

$1.27 ₩1,890

-7.09%

Water (0.33 liter bottle)

$0.66 GYD 136

$1.15 ₩1,715

-42.61%

Local Beer (0.5 liter draught)

$2.00 GYD 417

$3.58 ₩5,325

-44.13%

Imported Beer (0.33 liter bottle)

$2.39 GYD 497

$5.75 ₩8,547

-58.43%

Milk (1 liter)

$3.33 GYD 692

$2.26 ₩3,356

47.35%

White Bread (500g)

$2.03 GYD 423

$3.62 ₩5,392

-43.92%

Rice (white) (1kg)

$1.98 GYD 411

$3.07 ₩4,561

-35.50%

Eggs

$3.99 GYD 830

$2.91 ₩4,330

37.11%

Local Cheese (1kg)

$14.02 GYD 2,916

$10.55 ₩15.7K

32.89%

Chicken Fillets (1kg)

$6.26 GYD 1,302

$8.39 ₩12.5K

-25.39%

Beef Round Steak (1kg)

$9.40 GYD 1,955

$27.86 ₩41.4K

-66.26%

Apples (1kg)

$9.65 GYD 2,006

$8.26 ₩12.3K

16.83%

Banana (1kg)

$2.56 GYD 533

$3.27 ₩4,858

-21.71%

Oranges (1kg)

$3.26 GYD 677

$7.56 ₩11.2K

-56.88%

Tomato (1kg)

$6.51 GYD 1,353

$5.24 ₩7,798

24.24%

Potato (1kg)

$2.50 GYD 519

$5.23 ₩7,784

-52.20%

Onion (1kg)

$2.91 GYD 605

$2.92 ₩4,348

-0.34%

Lettuce (1 head)

$2.26 GYD 470

$2.01 ₩2,994

12.44%

Water (1.5 liter bottle)

$1.45 GYD 301

$1.15 ₩1,706

26.09%

Cigarettes 20 Pack (Marlboro, Camel)

$2.71 GYD 564

$3.21 ₩4,778

-15.58%

Wine (Bottle)

$17.04 GYD 3,544

$16.54 ₩24.6K

3.02%

Local Beer (0.5 liter bottle)

$1.69 GYD 352

$1.75 ₩2,603

-3.43%

Imported Beer (0.33 liter bottle)

$2.54 GYD 529

$3.30 ₩4,912

-23.03%

One-way Ticket (Public Transport)

$0.59 GYD 123

$1.09 ₩1,621

-45.87%

Public Transport Monthly Pass (Regular Price)

$28.90 GYD 6,010

Taxi Start (Normal Tariff)

$3.12 GYD 650

$3.47 ₩5,161

-10.09%

Taxi (Normal Tariff) (1km)

$3.27 GYD 680

$0.86 ₩1,277

280.23%

Taxi 1hour Waiting (Normal Tariff)

$11.88 GYD 2,470

$16.36 ₩24.3K

-27.38%

Gasoline (1 liter)

$1.00 GYD 208

$1.21 ₩1,802

-17.36%

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

$22.6K GYD 4.7M

$27.6K ₩41.1M

-18.34%

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

$17.7K GYD 3.7M

$24.9K ₩37.0M

-28.88%

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

$91.3 GYD 19.0K

$190 ₩282.1K

-51.88%

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

$26.96 GYD 5,607

$51.2 ₩76.1K

-47.30%

Internet (50+ Mbps, Unlimited Data)

$51.8 GYD 10.8K

$27.38 ₩40.7K

89.12%

Gym Membership (Monthly)

$39.09 GYD 8,129

$22.40 ₩33.3K

74.51%

Cinema Ticket

$6.88 GYD 1,431

$11.22 ₩16.7K

-38.68%

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

$1,016 GYD 211.4K

$490 ₩729.1K

107.33%

International Primary School, 1 Child (Yearly)

$22.9K GYD 4.8M

$14.0K ₩20.8M

64.15%

Jeans (Levis 501 Or Similar)

$33.82 GYD 7,034

$104 ₩155.3K

-67.61%

Summer Dress (H&M, Zara, etc)

$53.2 GYD 11.1K

$47.18 ₩70.2K

12.84%

Sport Shoes (Adidas, Nike)

$130 GYD 27.0K

$88.7 ₩131.9K

46.12%

Men's Leather Business Shoes

$75.4 GYD 15.7K

$119 ₩176.8K

-36.53%

1-bedroom Apartment, City Center (Monthly)

$783 GYD 162.7K

$732 ₩1.1M

6.96%

1-bedroom Apartment, Outside City Center (Monthly)

$323 GYD 67.2K

$370 ₩550.5K

-12.68%

3-bedroom Apartment, City Center (Monthly)

$2,442 GYD 507.8K

$1,050 ₩1.6M

132.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,146 GYD 238.3K

$776 ₩1.2M

47.71%

Buy Apartment in City Center (m2)

$3,584 GYD 745.4K

Buy Apartment Outside City Center (m2)

$1,551 GYD 322.6K

Average Monthly Net Salary (After Tax)

$514 GYD 107.0K

$2,035 ₩3.0M

-74.73%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.5

3.9

92.31%

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

Last update for Georgetown: July 11, 2026

Last update for Icheon: July 14, 2026

Cost Breakdown

A central one-bedroom costs $783 in Georgetown versus $732 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 296% higher in Icheon, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $71.0 in Georgetown versus $37.00 in Icheon. Groceries tell a different story – $376 in Georgetown vs $449 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

Icheon costs about 9% more than Georgetown, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,975 per month in Georgetown and $2,154 in Icheon. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Georgetown, 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 $37.00 in Icheon. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 20% more in Icheon, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Georgetown, where all-in costs run around $1,317, than in Icheon at $1,436. In Georgetown it covers expenses comfortably, while in Icheon it requires careful planning or may not stretch far enough.

Families tend to lean toward Georgetown – 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 Georgetown. If higher salaries, better infrastructure, or specific career opportunities are the priority, Icheon makes more sense. Both are solid long-term options with distinct trade-offs.