Last update: Nov 2026

Cost of Living Comparison Between Gimhae and Pangyo

For one person, living is cheaper in Pangyo: $1,458 a month against $1,553 in Gimhae, rent and utilities included – about $1,100 less a year. Other living expenses account for most of the difference.

74

Cost of Living Index in Gimhae
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Gimhae Living Index
71

Cost of Living Index in Pangyo
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Pangyo Living Index

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Gimhae

🇰🇷 South Korea

$1,553

/mo nomad

Pangyo

🇰🇷 South Korea

$1,458

/mo nomad

Monthly Cost of Living

How much you'll spend in Gimhae and in Pangyo

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Gimhae and in Pangyo actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,553 in Gimhae versus $1,458 in Pangyo.

Gimhae $1,553
Pangyo $1,458

Estimated couple costs with rent: $2,462 in Gimhae versus $2,354 in Pangyo.

Gimhae $2,462
Pangyo $2,354

Monthly costs for a family of three with rent: $3,371 in Gimhae versus $3,249 in Pangyo.

Gimhae $3,371
Pangyo $3,249

Living in Gimhae is roughly 7% more expensive than in Pangyo, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Gimhae 15% above, Pangyo 8% above.

Meal at Budget Restaurant

$7.61 ₩10.2K

$6.35 ₩8,499

19.84%

Three-Course Dinner for Two, Mid-Range

$49.21 ₩65.9K

$36.79 ₩49.3K

33.76%

Fast Food Meal (McDonalds, etc)

$6.69 ₩8,960

$7.47 ₩10.0K

-10.44%

Cappuccino

$3.76 ₩5,031

$3.12 ₩4,174

20.51%

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

$1.87 ₩2,507

$1.70 ₩2,273

10.00%

Water (0.33 liter bottle)

$1.39 ₩1,863

$0.78 ₩1,047

78.21%

Local Beer (0.5 liter draught)

$3.76 ₩5,035

$3.25 ₩4,352

15.69%

Imported Beer (0.33 liter bottle)

$4.39 ₩5,875

$3.89 ₩5,209

12.85%

Milk (1 liter)

$2.31 ₩3,098

$2.16 ₩2,893

6.94%

White Bread (500g)

$3.24 ₩4,339

$3.10 ₩4,153

4.52%

Rice (white) (1kg)

$3.05 ₩4,089

$2.64 ₩3,529

15.53%

Eggs

$2.61 ₩3,499

$2.73 ₩3,652

-4.40%

Local Cheese (1kg)

$11.14 ₩14.9K

$11.26 ₩15.1K

-1.07%

Chicken Fillets (1kg)

$10.49 ₩14.0K

$10.21 ₩13.7K

2.74%

Beef Round Steak (1kg)

$24.45 ₩32.7K

$21.25 ₩28.5K

15.06%

Apples (1kg)

$10.94 ₩14.6K

$7.48 ₩10.0K

46.26%

Banana (1kg)

$3.55 ₩4,752

$3.12 ₩4,178

13.78%

Oranges (1kg)

$8.18 ₩11.0K

$5.52 ₩7,391

48.19%

Tomato (1kg)

$5.84 ₩7,817

$6.08 ₩8,136

-3.95%

Potato (1kg)

$6.03 ₩8,070

$3.67 ₩4,915

64.31%

Onion (1kg)

$3.29 ₩4,410

$2.58 ₩3,449

27.52%

Lettuce (1 head)

$2.75 ₩3,681

$2.84 ₩3,805

-3.17%

Water (1.5 liter bottle)

$1.33 ₩1,783

$1.27 ₩1,707

4.72%

Cigarettes 20 Pack (Marlboro, Camel)

$3.26 ₩4,368

$3.37 ₩4,510

-3.26%

Wine (Bottle)

$18.65 ₩25.0K

$13.40 ₩17.9K

39.18%

Local Beer (0.5 liter bottle)

$2.37 ₩3,171

$2.28 ₩3,052

3.95%

Imported Beer (0.33 liter bottle)

$3.53 ₩4,726

$3.50 ₩4,681

0.86%

One-way Ticket (Public Transport)

$1.21 ₩1,619

$1.10 ₩1,470

10.00%

Public Transport Monthly Pass (Regular Price)

$47.96 ₩64.2K

Taxi Start (Normal Tariff)

$3.47 ₩4,648

$3.62 ₩4,850

-4.14%

Taxi (Normal Tariff) (1km)

$0.67 ₩894

$0.66 ₩883

1.52%

Taxi 1hour Waiting (Normal Tariff)

$14.75 ₩19.7K

$8.90 ₩11.9K

65.73%

Gasoline (1 liter)

$1.27 ₩1,705

$1.41 ₩1,886

-9.93%

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

$39.7K ₩53.1M

$28.2K ₩37.8M

40.51%

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

$33.4K ₩44.8M

$34.5K ₩46.2M

-3.12%

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

$195 ₩261.4K

$201 ₩269.6K

-3.01%

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

$36.82 ₩49.3K

$35.81 ₩48.0K

2.82%

Internet (50+ Mbps, Unlimited Data)

$27.09 ₩36.3K

$21.13 ₩28.3K

28.21%

Gym Membership (Monthly)

$46.27 ₩62.0K

$52.3 ₩70.1K

-11.56%

Tennis Court (1 Hour on Weekend)

$15.19 ₩20.3K

$13.94 ₩18.7K

8.97%

Cinema Ticket

$11.94 ₩16.0K

$10.96 ₩14.7K

8.94%

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

$630 ₩843.4K

$446 ₩596.9K

41.28%

International Primary School, 1 Child (Yearly)

$21.8K ₩29.1M

$21.6K ₩28.9M

0.82%

Jeans (Levis 501 Or Similar)

$102 ₩137.0K

$60.5 ₩81.0K

69.17%

Summer Dress (H&M, Zara, etc)

$65.1 ₩87.1K

$57.6 ₩77.1K

12.91%

Sport Shoes (Adidas, Nike)

$93.9 ₩125.7K

$73.1 ₩97.8K

28.51%

Men's Leather Business Shoes

$127 ₩169.7K

$98.1 ₩131.4K

29.15%

1-bedroom Apartment, City Center (Monthly)

$505 ₩675.5K

$491 ₩657.1K

2.81%

1-bedroom Apartment, Outside City Center (Monthly)

$388 ₩519.2K

$372 ₩498.6K

4.12%

3-bedroom Apartment, City Center (Monthly)

$1,203 ₩1.6M

$1,240 ₩1.7M

-3.03%

3-bedroom Apartment, Outside City Center (Monthly)

$801 ₩1.1M

$936 ₩1.3M

-14.40%

Buy Apartment in City Center (m2)

$7,801 ₩10.4M

$6,805 ₩9.1M

14.63%

Buy Apartment Outside City Center (m2)

$5,673 ₩7.6M

$5,450 ₩7.3M

4.09%

Average Monthly Net Salary (After Tax)

$2,533 ₩3.4M

$5,113 ₩6.8M

-50.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.22

4.1

2.93%

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

Last update for Gimhae: November 3, 2026

Last update for Pangyo: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Gimhae

$483 31.1%

Pangyo

$419 28.8% 13.2% $64

Accommodation & Living

Gimhae

$388 25%

Pangyo

$372 25.5% 4% $15

Monthly Utilities & Internet

Gimhae

$259 16.7%

Pangyo

$258 17.7% 0.3% $0.9

Clothing & Footwear

Gimhae

$175 11.2%

Pangyo

$130 8.9% 25.4% $44

Eating Out

Gimhae

$167 10.7%

Pangyo

$145 9.9% 13.3% $22

Sport & Entertainment

Gimhae

$70 4.5%

Pangyo

$74 5.1% 5.9% $4.1

Getting Around

Gimhae

$12 * 0.8%

Pangyo

$59 4.1% 409% $48

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $505 in Gimhae and $491 in Pangyo. Housing cost is often the main lever when comparing two cities.

Pangyo pays about 2 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $49 in Gimhae vs $37 in Pangyo for a mid-range dinner for two. Groceries echo the gap at $483 vs $419 per month, with Pangyo cheaper across the board.

Good to know

🇰🇷 Gimhae

🇰🇷 Pangyo

🕒 Local time

13:32 1:32 PM

Same time as Gimhae

🌤 Weather

👥 Population

532,132

💱 Currency

South Korean Won KRW ₩

📈 Exchange rate

10,000 KRW = 7.47 USD

10,000 KRW = 6.63 EUR

10,000 KRW = 7.47 USD

10,000 KRW = 6.63 EUR

Exchange rates and currency converter

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Gimhae Pangyo 290 km

From you

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Distances are measured in a straight line. Your location is detected approximately.

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

Gimhae vs Pangyo: Cost of Living - Frequently Asked Questions

Pangyo wins on cost – living expenses run 6% lower than in Gimhae. Housing and daily spending are where you’ll feel the difference most, making Pangyo the obvious pick if budget is a priority.

On paper, salaries run 50% lower in Gimhae. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $505 in Gimhae versus $491 in Pangyo. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $630 in Gimhae versus $446 in Pangyo. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Pangyo – a meal for two runs $37 versus $49 in Gimhae. If you eat out regularly, this makes a real dent in your monthly spending.

For families, Pangyo is more practical. Housing and childcare are both notably cheaper than in Gimhae, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Gimhae and Pangyo are both considered safe, so it’s unlikely to be the deciding factor between them.