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 $1,484 in Icheon, rent included.

A couple spends around $2,426 per month in Georgetown vs $2,309 in Icheon, rent included.

A family of three spends $3,535 per month in Georgetown vs $3,134 in Icheon, rent included.

Georgetown is about 11% cheaper than Icheon, driven mainly by Groceries & Markets.

Georgetown sits 2% below the global median, while Icheon is 11% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.78 GYD 2,449

$6.14 ₩9,309

91.86%

Three-Course Dinner for Two, Mid-Range

$72.5 GYD 15.1K

$37.09 ₩56.2K

95.36%

Fast Food Meal (McDonalds, etc)

$8.59 GYD 1,786

$6.19 ₩9,375

38.77%

Cappuccino

$5.16 GYD 1,073

$4.16 ₩6,305

24.04%

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

$1.19 GYD 247

$1.26 ₩1,916

-5.56%

Water (0.33 liter bottle)

$0.65 GYD 135

$1.19 ₩1,808

-45.38%

Local Beer (0.5 liter draught)

$2.06 GYD 428

$3.57 ₩5,404

-42.30%

Imported Beer (0.33 liter bottle)

$2.35 GYD 488

$5.92 ₩8,965

-60.30%

Milk (1 liter)

$3.36 GYD 699

$2.29 ₩3,467

46.72%

White Bread (500g)

$2.14 GYD 445

$3.47 ₩5,264

-38.33%

Rice (white) (1kg)

$1.89 GYD 393

$3.10 ₩4,699

-39.03%

Eggs

$4.00 GYD 831

$2.92 ₩4,429

36.99%

Local Cheese (1kg)

$13.94 GYD 2,898

$10.37 ₩15.7K

34.43%

Chicken Fillets (1kg)

$6.17 GYD 1,283

$8.34 ₩12.6K

-26.02%

Beef Round Steak (1kg)

$9.42 GYD 1,958

$28.00 ₩42.4K

-66.36%

Apples (1kg)

$9.36 GYD 1,947

$8.30 ₩12.6K

12.77%

Banana (1kg)

$2.60 GYD 541

$3.24 ₩4,912

-19.75%

Oranges (1kg)

$3.23 GYD 671

$7.46 ₩11.3K

-56.70%

Tomato (1kg)

$6.26 GYD 1,301

$5.37 ₩8,138

16.57%

Potato (1kg)

$2.40 GYD 498

$5.22 ₩7,915

-54.02%

Onion (1kg)

$3.01 GYD 627

$2.96 ₩4,492

1.69%

Lettuce (1 head)

$2.29 GYD 475

$2.09 ₩3,165

9.57%

Water (1.5 liter bottle)

$1.44 GYD 300

$1.15 ₩1,750

25.22%

Cigarettes 20 Pack (Marlboro, Camel)

$2.57 GYD 535

$3.33 ₩5,043

-22.82%

Wine (Bottle)

$17.05 GYD 3,544

$16.87 ₩25.6K

1.07%

Local Beer (0.5 liter bottle)

$1.75 GYD 363

$1.75 ₩2,648

Imported Beer (0.33 liter bottle)

$2.45 GYD 509

$3.30 ₩5,005

-25.76%

One-way Ticket (Public Transport)

$0.61 GYD 126

$1.07 ₩1,617

-42.99%

Public Transport Monthly Pass (Regular Price)

$29.07 GYD 6,043

Taxi Start (Normal Tariff)

$3.20 GYD 664

$3.58 ₩5,423

-10.61%

Taxi (Normal Tariff) (1km)

$3.29 GYD 684

$0.79 ₩1,200

316.46%

Taxi 1hour Waiting (Normal Tariff)

$12.07 GYD 2,509

$16.71 ₩25.3K

-27.77%

Gasoline (1 liter)

$1.04 GYD 216

$1.22 ₩1,850

-14.75%

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

$22.0K GYD 4.6M

$27.7K ₩42.0M

-20.59%

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

$17.3K GYD 3.6M

$24.7K ₩37.4M

-29.91%

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

$90.5 GYD 18.8K

$188 ₩285.4K

-51.95%

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

$27.39 GYD 5,695

$49.55 ₩75.1K

-44.72%

Internet (50+ Mbps, Unlimited Data)

$51.1 GYD 10.6K

$27.49 ₩41.7K

86.03%

Gym Membership (Monthly)

$39.07 GYD 8,122

$22.22 ₩33.7K

75.83%

Cinema Ticket

$6.55 GYD 1,362

$11.20 ₩17.0K

-41.52%

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

$1,023 GYD 212.6K

$492 ₩745.9K

107.79%

International Primary School, 1 Child (Yearly)

$22.9K GYD 4.8M

$13.9K ₩21.0M

64.90%

Jeans (Levis 501 Or Similar)

$34.88 GYD 7,251

$104 ₩157.7K

-66.49%

Summer Dress (H&M, Zara, etc)

$52.0 GYD 10.8K

$48.20 ₩73.0K

7.90%

Sport Shoes (Adidas, Nike)

$130 GYD 27.1K

$86.6 ₩131.2K

50.57%

Men's Leather Business Shoes

$77.7 GYD 16.2K

$118 ₩178.7K

-34.11%

1-bedroom Apartment, City Center (Monthly)

$793 GYD 164.8K

$739 ₩1.1M

7.23%

1-bedroom Apartment, Outside City Center (Monthly)

$315 GYD 65.6K

$377 ₩570.5K

-16.24%

3-bedroom Apartment, City Center (Monthly)

$2,481 GYD 515.8K

$1,072 ₩1.6M

131.42%

3-bedroom Apartment, Outside City Center (Monthly)

$1,191 GYD 247.6K

$776 ₩1.2M

53.52%

Buy Apartment in City Center (m2)

$3,505 GYD 728.7K

$10.5K ₩15.9M

-66.51%

Buy Apartment Outside City Center (m2)

$1,573 GYD 327.0K

$5,848 ₩8.9M

-73.10%

Average Monthly Net Salary (After Tax)

$517 GYD 107.4K

$2,068 ₩3.1M

-75.02%

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: June 1, 2026

Last update for Icheon: June 1, 2026

Cost Breakdown

A central one-bedroom costs $793 in Georgetown versus $739 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 300% 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 $72.0 in Georgetown versus $37.00 in Icheon. Groceries tell a different story – $373 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 13% 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 $1,976 per month in Georgetown and $2,226 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 $72.0 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 $1,484. 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.