Last update: Oct 2026

Cost of Living Comparison Between Icheon and Pangyo

For one person, living is cheaper in Pangyo: $1,467 a month against $1,599 in Icheon, rent and utilities included – about $1,600 less a year. Rent and utilities account for most of the difference.

77

Cost of Living Index in Icheon
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Icheon Living Index
71

Cost of Living Index in Pangyo
Learn more

Pangyo Living Index

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Icheon

🇰🇷 South Korea

$1,599

/mo nomad

Pangyo

🇰🇷 South Korea

$1,467

/mo nomad

Monthly Cost of Living

How much you'll spend in Icheon 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 Icheon and in Pangyo actually costs, broken down by who's living it.

A single person spends $1,599 per month in Icheon vs $1,467 in Pangyo, rent included.

Icheon $1,599
Pangyo $1,467

A couple spends around $2,052 per month in Icheon vs $2,284 in Pangyo, rent included.

Icheon $2,052
Pangyo $2,284

A family of three spends $2,506 per month in Icheon vs $3,102 in Pangyo, rent included.

Icheon $2,506
Pangyo $3,102

Icheon costs about 9% more than Pangyo, and outside of rent the biggest gap is in groceries.

Both Icheon and Pangyo sit above the global median – Icheon by 17%, Pangyo by 8%.

Meal at Budget Restaurant

$6.24 ₩8,328

$7.37 ₩9,827

-15.33%

Three-Course Dinner for Two, Mid-Range

$49.61 ₩66.2K

$35.34 ₩47.1K

40.38%

Fast Food Meal (McDonalds, etc)

$6.65 ₩8,863

$6.76 ₩9,020

-1.63%

Cappuccino

$3.67 ₩4,888

$3.75 ₩5,003

-2.13%

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

$1.33 ₩1,776

$1.55 ₩2,062

-14.19%

Water (0.33 liter bottle)

$1.18 ₩1,569

$0.71 ₩950

66.20%

Local Beer (0.5 liter draught)

$3.86 ₩5,145

$3.58 ₩4,779

7.82%

Imported Beer (0.33 liter bottle)

$4.24 ₩5,648

$4.58 ₩6,108

-7.42%

Milk (1 liter)

$2.29 ₩3,059

$2.22 ₩2,959

3.15%

White Bread (500g)

$3.19 ₩4,254

$3.14 ₩4,188

1.59%

Rice (white) (1kg)

$3.12 ₩4,157

$2.66 ₩3,544

17.29%

Eggs

$2.65 ₩3,539

$2.73 ₩3,642

-2.93%

Local Cheese (1kg)

$11.29 ₩15.1K

$11.04 ₩14.7K

2.26%

Chicken Fillets (1kg)

$10.73 ₩14.3K

$7.74 ₩10.3K

38.63%

Beef Round Steak (1kg)

$25.00 ₩33.3K

$20.46 ₩27.3K

22.19%

Apples (1kg)

$11.46 ₩15.3K

$7.46 ₩9,945

53.62%

Banana (1kg)

$3.59 ₩4,794

$3.31 ₩4,414

8.46%

Oranges (1kg)

$7.97 ₩10.6K

$6.59 ₩8,788

20.94%

Tomato (1kg)

$6.08 ₩8,111

$5.98 ₩7,978

1.67%

Potato (1kg)

$5.89 ₩7,855

$3.60 ₩4,801

63.61%

Onion (1kg)

$3.31 ₩4,408

$2.62 ₩3,495

26.34%

Lettuce (1 head)

$2.84 ₩3,789

$2.73 ₩3,643

4.03%

Water (1.5 liter bottle)

$1.34 ₩1,792

$1.34 ₩1,784

Cigarettes 20 Pack (Marlboro, Camel)

$3.42 ₩4,563

$3.29 ₩4,381

3.95%

Wine (Bottle)

$18.77 ₩25.0K

$18.41 ₩24.6K

1.96%

Local Beer (0.5 liter bottle)

$2.43 ₩3,239

$2.23 ₩2,972

8.97%

Imported Beer (0.33 liter bottle)

$3.45 ₩4,599

$3.41 ₩4,553

1.17%

One-way Ticket (Public Transport)

$1.10 ₩1,472

$1.12 ₩1,492

-1.79%

Public Transport Monthly Pass (Regular Price)

$49.28 ₩65.7K

Taxi Start (Normal Tariff)

$3.52 ₩4,693

Taxi (Normal Tariff) (1km)

$0.74 ₩983

$0.67 ₩890

10.45%

Taxi 1hour Waiting (Normal Tariff)

$17.15 ₩22.9K

$9.26 ₩12.3K

85.21%

Gasoline (1 liter)

$1.42 ₩1,895

$1.35 ₩1,795

5.19%

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

$40.4K ₩53.8M

$29.4K ₩39.2M

37.40%

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

$33.6K ₩44.8M

$33.9K ₩45.2M

-0.83%

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

$205 ₩274.0K

$209 ₩278.4K

-1.56%

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

$36.50 ₩48.7K

$36.82 ₩49.1K

-0.87%

Internet (50+ Mbps, Unlimited Data)

$27.50 ₩36.7K

$21.24 ₩28.3K

29.47%

Gym Membership (Monthly)

$22.67 ₩30.2K

$55.4 ₩73.9K

-59.08%

Tennis Court (1 Hour on Weekend)

$13.90 ₩18.5K

Cinema Ticket

$11.46 ₩15.3K

$11.11 ₩14.8K

3.15%

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

$631 ₩841.0K

$381 ₩507.6K

65.69%

International Primary School, 1 Child (Yearly)

$22.3K ₩29.8M

$21.5K ₩28.7M

3.58%

Jeans (Levis 501 Or Similar)

$107 ₩142.1K

$62.1 ₩82.8K

71.52%

Summer Dress (H&M, Zara, etc)

$64.9 ₩86.5K

$61.4 ₩81.8K

5.67%

Sport Shoes (Adidas, Nike)

$94.2 ₩125.6K

$74.7 ₩99.6K

26.11%

Men's Leather Business Shoes

$127 ₩169.1K

$99.8 ₩133.0K

27.09%

1-bedroom Apartment, City Center (Monthly)

$763 ₩1.0M

$493 ₩657.9K

54.67%

1-bedroom Apartment, Outside City Center (Monthly)

$454 ₩605.3K

$348 ₩464.3K

30.37%

3-bedroom Apartment, City Center (Monthly)

$1,157 ₩1.5M

3-bedroom Apartment, Outside City Center (Monthly)

$742 ₩989.6K

Buy Apartment in City Center (m2)

$7,115 ₩9.5M

Buy Apartment Outside City Center (m2)

$5,495 ₩7.3M

Average Monthly Net Salary (After Tax)

$2,314 ₩3.1M

$5,227 ₩7.0M

-55.72%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.9

4.1

-4.88%

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

Last update for Icheon: October 25, 2026

Last update for Pangyo: October 24, 2026

Monthly budget structure

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

Groceries & Markets

Icheon

$490 30.6%

Pangyo

$420 28.6% 14.4% $70

Accommodation & Living

Icheon

$454 28.4%

Pangyo

$348 23.7% 23.3% $106

Monthly Utilities & Internet

Icheon

$269 16.9%

Pangyo

$267 18.2% 1% $2.7

Clothing & Footwear

Icheon

$177 11%

Pangyo

$134 9.1% 24.1% $43

Eating Out

Icheon

$152 9.5%

Pangyo

$160 10.9% 5.7% $8.7

Sport & Entertainment

Icheon

$46 2.9%

Pangyo

$78 5.3% 70.2% $32

Getting Around

Icheon

$12 * 0.7%

Pangyo

$61 4.1% 422% $49

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

Cost Breakdown

A central one-bedroom costs $763 in Icheon versus $493 in Pangyo. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Pangyo are about 2.3 times higher, 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 $50 in Icheon versus $35 in Pangyo. Monthly groceries follow the same trend: $490 vs $420 – making Pangyo the more affordable choice for daily food spending.

Good to know

🇰🇷 Icheon

🇰🇷 Pangyo

🕒 Local time

10:45 10:45 AM

Same time as Icheon

🌤 Weather

👥 Population

213,059

💱 Currency

South Korean Won KRW ₩

📈 Exchange rate

10,000 KRW = 7.5 USD

10,000 KRW = 6.72 EUR

10,000 KRW = 7.5 USD

10,000 KRW = 6.72 EUR

Exchange rates and currency converter

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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 Pangyo: Cost of Living - Frequently Asked Questions

Yes – Icheon is pricier by about 9%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,398 per month in Icheon and $2,201 in Pangyo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Pangyo, especially for central apartments: a one-bedroom in the center costs $493 there versus $763 in Icheon.

A mid-range dinner for two costs $50 in Icheon and $35 in Pangyo. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 17% more in Icheon, though the gap depends on what you buy.

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

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.