Last update: Oct 2026

Cost of Living Comparison Between Iksan and Melbourne

For one person, living is cheaper in Iksan: $1,408 a month against $2,821 in Melbourne, rent and utilities included – about $17,000 less a year. Rent and utilities account for most of the difference.

69

Cost of Living Index in Iksan
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Iksan Living Index
138

Cost of Living Index in Melbourne
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Melbourne Living Index

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Iksan

🇰🇷 South Korea

$1,408

/mo nomad

Melbourne

🇦🇺 Australia

$2,821

/mo nomad

Monthly Cost of Living

How much you'll spend in Iksan and in Melbourne

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

A single person spends $1,408 per month in Iksan vs $2,821 in Melbourne, rent included.

Iksan $1,408
Melbourne $2,821

A couple spends around $2,188 per month in Iksan vs $4,235 in Melbourne, rent included.

Iksan $2,188
Melbourne $4,235

A family of three spends $2,968 per month in Iksan vs $5,650 in Melbourne, rent included.

Iksan $2,968
Melbourne $5,650

Iksan is about 50% cheaper than Melbourne, and outside of rent the biggest gap is in eating out.

Both Iksan and Melbourne sit above the global median – Iksan by 4%, Melbourne by 109%.

Meal at Budget Restaurant

$5.91 ₩7,860

$17.43 A$25.08

-66.09%

Three-Course Dinner for Two, Mid-Range

$34.97 ₩46.5K

$84.6 A$122

-58.64%

Fast Food Meal (McDonalds, etc)

$6.88 ₩9,149

$12.46 A$17.92

-44.78%

Cappuccino

$3.75 ₩4,990

$4.11 A$5.91

-8.76%

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

$1.56 ₩2,069

$3.06 A$4.40

-49.02%

Water (0.33 liter bottle)

$0.62 ₩823

$2.52 A$3.62

-75.40%

Local Beer (0.5 liter draught)

$3.42 ₩4,544

$9.80 A$14.10

-65.10%

Imported Beer (0.33 liter bottle)

$4.58 ₩6,086

$8.57 A$12.33

-46.56%

Milk (1 liter)

$2.21 ₩2,934

$1.48 A$2.14

49.32%

White Bread (500g)

$3.18 ₩4,233

$2.94 A$4.23

8.16%

Rice (white) (1kg)

$2.31 ₩3,076

$2.66 A$3.82

-13.16%

Eggs

$3.26 ₩4,334

$5.54 A$7.97

-41.16%

Local Cheese (1kg)

$15.55 ₩20.7K

$10.51 A$15.13

47.95%

Chicken Fillets (1kg)

$7.74 ₩10.3K

$9.65 A$13.89

-19.79%

Beef Round Steak (1kg)

$11.13 ₩14.8K

$15.22 A$21.91

-26.87%

Apples (1kg)

$7.61 ₩10.1K

$3.99 A$5.75

90.73%

Banana (1kg)

$3.20 ₩4,255

$3.02 A$4.34

5.96%

Oranges (1kg)

$7.38 ₩9,806

$3.10 A$4.46

138.06%

Tomato (1kg)

$6.98 ₩9,281

$4.82 A$6.93

44.81%

Potato (1kg)

$3.54 ₩4,710

$3.03 A$4.36

16.83%

Onion (1kg)

$2.47 ₩3,285

$2.44 A$3.52

1.23%

Lettuce (1 head)

$2.08 ₩2,762

$2.46 A$3.54

-15.45%

Water (1.5 liter bottle)

$1.34 ₩1,784

$1.63 A$2.34

-17.79%

Cigarettes 20 Pack (Marlboro, Camel)

$3.35 ₩4,453

$44.07 A$63.4

-92.40%

Wine (Bottle)

$18.88 ₩25.1K

$12.70 A$18.28

48.66%

Local Beer (0.5 liter bottle)

$2.18 ₩2,897

$5.54 A$7.97

-60.65%

Imported Beer (0.33 liter bottle)

$3.54 ₩4,703

$5.23 A$7.52

-32.31%

One-way Ticket (Public Transport)

$1.14 ₩1,519

$3.74 A$5.38

-69.52%

Public Transport Monthly Pass (Regular Price)

$138 A$198

Taxi Start (Normal Tariff)

$3.55 ₩4,717

$4.51 A$6.50

-21.29%

Taxi (Normal Tariff) (1km)

$0.65 ₩870

$1.36 A$1.96

-52.21%

Taxi 1hour Waiting (Normal Tariff)

$13.03 ₩17.3K

$30.45 A$43.81

-57.21%

Gasoline (1 liter)

$1.41 ₩1,875

$1.47 A$2.12

-4.08%

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

$29.8K ₩39.7M

$29.0K A$41.7K

2.90%

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

$35.8K ₩47.6M

$26.5K A$38.1K

35.13%

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

$207 ₩274.6K

$234 A$336

-11.61%

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

$43.18 ₩57.4K

$27.93 A$40.19

54.60%

Internet (50+ Mbps, Unlimited Data)

$21.21 ₩28.2K

$55.7 A$80.2

-61.95%

Gym Membership (Monthly)

$52.4 ₩69.6K

$49.40 A$71.1

5.99%

Tennis Court (1 Hour on Weekend)

$12.04 ₩16.0K

$21.48 A$30.91

-43.95%

Cinema Ticket

$10.98 ₩14.6K

$15.09 A$21.72

-27.24%

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

$295 ₩392.1K

$2,371 A$3,412

-87.56%

International Primary School, 1 Child (Yearly)

$18.0K ₩23.9M

$30.2K A$43.5K

-40.56%

Jeans (Levis 501 Or Similar)

$64.3 ₩85.5K

$80.0 A$115

-19.57%

Summer Dress (H&M, Zara, etc)

$64.0 ₩85.2K

$50.7 A$73.0

26.31%

Sport Shoes (Adidas, Nike)

$74.7 ₩99.3K

$121 A$174

-38.08%

Men's Leather Business Shoes

$101 ₩134.8K

$130 A$188

-22.25%

1-bedroom Apartment, City Center (Monthly)

$481 ₩639.8K

$1,759 A$2,531

-72.64%

1-bedroom Apartment, Outside City Center (Monthly)

$354 ₩470.2K

$1,390 A$2,000

-74.55%

3-bedroom Apartment, City Center (Monthly)

$1,171 ₩1.6M

$3,494 A$5,027

-66.48%

3-bedroom Apartment, Outside City Center (Monthly)

$750 ₩997.1K

$2,493 A$3,588

-69.92%

Buy Apartment in City Center (m2)

$7,071 ₩9.4M

$6,926 A$9,967

2.09%

Buy Apartment Outside City Center (m2)

$5,496 ₩7.3M

$6,445 A$9,274

-14.71%

Average Monthly Net Salary (After Tax)

$1,690 ₩2.2M

$4,383 A$6,307

-61.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.1

5.9

-30.51%

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

Last update for Iksan: October 11, 2026

Last update for Melbourne: October 10, 2026

Monthly budget structure

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

Groceries & Markets

Iksan

$412 29.3%

Melbourne

$384 13.6% 6.9% $28

Accommodation & Living

Iksan

$354 25.1%

Melbourne

$1.4K 49.3% 293% $1K

Monthly Utilities & Internet

Iksan

$271 19.3%

Melbourne

$317 11.3% 17.1% $46

Eating Out

Iksan

$148 10.5%

Melbourne

$315 11.2% 113% $167

Clothing & Footwear

Iksan

$137 9.7%

Melbourne

$172 6.1% 25.4% $35

Sport & Entertainment

Iksan

$74 5.3%

Melbourne

$80 2.8% 7.1% $5.3

Getting Around

Iksan

$11 * 0.8%

Melbourne

$164 5.8% 1338% $152

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

Cost Breakdown

A central one-bedroom costs $481 in Iksan versus $1,759 in Melbourne. 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 159% higher in Melbourne, 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 $35.00 in Iksan versus $85.0 in Melbourne. Groceries tell a different story – $412 in Iksan vs $384 in Melbourne – so Melbourne wins on supermarket bills even if dining out costs more.

Good to know

🇰🇷 Iksan

🇦🇺 Melbourne

🕒 Local time

06:26 6:26 AM

08:26 8:26 AM

2 h ahead of Iksan

🌤 Weather

👥 Population

307,000

5,031,195

💱 Currency

South Korean Won KRW ₩

Australian Dollar AUD $

📈 Exchange rate

10,000 KRW = 7.52 USD

10,000 KRW = 6.69 EUR

1 AUD = 0.695 USD

1 AUD = 0.618 EUR

Exchange rates and currency converter

AUD, USD, EUR to KRW – South Korean Won Converter

🇺🇸 United States Dollar ($)

🇰🇷 South Korean Won (₩)

South Korean Won exchange rates as of October 17, 2026: 1 USD = 1,330 KRW (10,000 KRW = 7.52 USD). 1 EUR = 1,495 KRW (10,000 KRW = 6.69 EUR).

Australian Dollar exchange rates as of October 17, 2026: 1 USD = 1.44 AUD (1 AUD = 0.695 USD). 1 EUR = 1.62 AUD (1 AUD = 0.618 EUR).

USD to KRW in detail →

On the map

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Between locations

Iksan Melbourne 8,410 km ≈ 11 h nonstop flight

From you

Iksan
Melbourne

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

Iksan vs Melbourne: Cost of Living - Frequently Asked Questions

Melbourne costs about 100% more than Iksan, and outside of rent the gap comes mainly from 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 $2,111 per month in Iksan and $4,231 in Melbourne. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Iksan, 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 $35.00 in Iksan and $85.0 in Melbourne. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 7% cheaper in Melbourne – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,000 monthly budget goes further in Iksan, where all-in costs run around $1,408, than in Melbourne at $2,821. In Iksan it covers expenses comfortably, while in Melbourne it requires careful planning or may not stretch far enough.

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