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

Monthly Cost of Living

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

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

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

Icheon is about 5% cheaper than Georgetown, driven mainly by Eating Out.

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

Meal at Budget Restaurant

$6.13 ₩8,333

$17.79 GYD 3,699

-65.54%

Three-Course Dinner for Two, Mid-Range

$47.96 ₩65.2K

$70.6 GYD 14.7K

-32.09%

Fast Food Meal (McDonalds, etc)

$6.69 ₩9,096

$9.56 GYD 1,988

-30.02%

Cappuccino

$3.65 ₩4,960

$5.74 GYD 1,194

-36.41%

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

$1.24 ₩1,689

$1.22 GYD 254

1.64%

Water (0.33 liter bottle)

$1.20 ₩1,632

$0.62 GYD 128

93.55%

Local Beer (0.5 liter draught)

$3.72 ₩5,058

$1.88 GYD 391

97.87%

Imported Beer (0.33 liter bottle)

$4.22 ₩5,741

$3.43 GYD 713

23.03%

Milk (1 liter)

$2.32 ₩3,151

$3.31 GYD 688

-29.91%

White Bread (500g)

$3.15 ₩4,279

$2.14 GYD 444

47.20%

Rice (white) (1kg)

$3.14 ₩4,269

$2.00 GYD 415

57.00%

Eggs

$2.54 ₩3,446

$4.18 GYD 869

-39.23%

Local Cheese (1kg)

$10.97 ₩14.9K

$15.60 GYD 3,245

-29.68%

Chicken Fillets (1kg)

$10.11 ₩13.7K

$7.14 GYD 1,485

41.60%

Beef Round Steak (1kg)

$24.73 ₩33.6K

$9.13 GYD 1,899

170.87%

Apples (1kg)

$11.13 ₩15.1K

$8.09 GYD 1,682

37.58%

Banana (1kg)

$3.46 ₩4,707

$3.94 GYD 820

-12.18%

Oranges (1kg)

$8.15 ₩11.1K

$3.95 GYD 821

106.33%

Tomato (1kg)

$5.74 ₩7,808

$7.00 GYD 1,457

-18.00%

Potato (1kg)

$5.91 ₩8,030

$2.44 GYD 508

142.21%

Onion (1kg)

$3.27 ₩4,439

$3.10 GYD 645

5.48%

Lettuce (1 head)

$2.80 ₩3,809

$3.04 GYD 632

-7.89%

Water (1.5 liter bottle)

$1.30 ₩1,770

$1.68 GYD 349

-22.62%

Cigarettes 20 Pack (Marlboro, Camel)

$3.31 ₩4,502

$3.42 GYD 712

-3.22%

Wine (Bottle)

$18.14 ₩24.7K

$16.81 GYD 3,496

7.91%

Local Beer (0.5 liter bottle)

$2.31 ₩3,142

$1.84 GYD 383

25.54%

Imported Beer (0.33 liter bottle)

$3.30 ₩4,491

$2.62 GYD 546

25.95%

One-way Ticket (Public Transport)

$1.13 ₩1,539

$0.55 GYD 115

105.45%

Public Transport Monthly Pass (Regular Price)

$61.0 GYD 12.7K

Taxi Start (Normal Tariff)

$3.49 ₩4,739

$4.36 GYD 906

-19.95%

Taxi (Normal Tariff) (1km)

$0.74 ₩1,012

$2.33 GYD 484

-68.24%

Taxi 1hour Waiting (Normal Tariff)

$16.52 ₩22.5K

$11.98 GYD 2,491

37.90%

Gasoline (1 liter)

$1.32 ₩1,788

$1.02 GYD 212

29.41%

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

$28.6K ₩38.8M

$27.6K GYD 5.7M

3.36%

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

$33.2K ₩45.2M

$22.8K GYD 4.7M

45.78%

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

$196 ₩266.5K

$122 GYD 25.4K

60.75%

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

$36.30 ₩49.3K

$21.33 GYD 4,435

70.18%

Internet (50+ Mbps, Unlimited Data)

$26.83 ₩36.5K

$43.92 GYD 9,133

-38.91%

Gym Membership (Monthly)

$21.63 ₩29.4K

$38.59 GYD 8,026

-43.95%

Tennis Court (1 Hour on Weekend)

$15.11 GYD 3,142

Cinema Ticket

$10.84 ₩14.7K

$6.34 GYD 1,319

70.98%

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

$618 ₩839.9K

$1,015 GYD 211.2K

-39.14%

International Primary School, 1 Child (Yearly)

$21.3K ₩28.9M

$19.0K GYD 4.0M

11.75%

Jeans (Levis 501 Or Similar)

$101 ₩137.0K

$37.78 GYD 7,858

166.70%

Summer Dress (H&M, Zara, etc)

$63.6 ₩86.4K

$41.31 GYD 8,591

53.84%

Sport Shoes (Adidas, Nike)

$90.8 ₩123.5K

$136 GYD 28.3K

-33.37%

Men's Leather Business Shoes

$123 ₩167.8K

$86.5 GYD 18.0K

42.71%

1-bedroom Apartment, City Center (Monthly)

$726 ₩986.8K

$954 GYD 198.4K

-23.91%

1-bedroom Apartment, Outside City Center (Monthly)

$437 ₩593.8K

$514 GYD 106.9K

-15.03%

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)

$2,262 ₩3.1M

$515 GYD 107.2K

339.05%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.9

6.94

-43.80%

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

Last update for Icheon: August 30, 2026

Last update for Georgetown: August 29, 2026

Cost Breakdown

A central one-bedroom costs $726 in Icheon versus $954 in Georgetown. 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 $48.00 in Icheon versus $71.0 in Georgetown. Groceries tell a different story – $478 in Icheon vs $398 in Georgetown – 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

Icheon vs Georgetown: 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 $2,333 per month in Icheon and $2,455 in Georgetown. 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 $48.00 in Icheon and $71.0 in Georgetown. 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.