Last update: Oct 2026

Cost of Living Comparison Between Pangyo and Icheon

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.

71

Cost of Living Index in Pangyo
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Pangyo Living Index
77

Cost of Living Index in Icheon
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Icheon Living Index

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Pangyo

🇰🇷 South Korea

$1,467

/mo nomad

Icheon

🇰🇷 South Korea

$1,599

/mo nomad

Monthly Cost of Living

How much you'll spend in Pangyo and in Icheon

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

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

Pangyo $1,467
Icheon $1,599

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

Pangyo $2,284
Icheon $2,052

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

Pangyo $3,102
Icheon $2,506

Pangyo is about 8% cheaper than Icheon, and outside of rent the biggest gap is in groceries.

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

Meal at Budget Restaurant

$7.37 ₩9,827

$6.24 ₩8,328

18.11%

Three-Course Dinner for Two, Mid-Range

$35.34 ₩47.1K

$49.61 ₩66.2K

-28.76%

Fast Food Meal (McDonalds, etc)

$6.76 ₩9,020

$6.65 ₩8,863

1.65%

Cappuccino

$3.75 ₩5,003

$3.67 ₩4,888

2.18%

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

$1.55 ₩2,062

$1.33 ₩1,776

16.54%

Water (0.33 liter bottle)

$0.71 ₩950

$1.18 ₩1,569

-39.83%

Local Beer (0.5 liter draught)

$3.58 ₩4,779

$3.86 ₩5,145

-7.25%

Imported Beer (0.33 liter bottle)

$4.58 ₩6,108

$4.24 ₩5,648

8.02%

Milk (1 liter)

$2.22 ₩2,959

$2.29 ₩3,059

-3.06%

White Bread (500g)

$3.14 ₩4,188

$3.19 ₩4,254

-1.57%

Rice (white) (1kg)

$2.66 ₩3,544

$3.12 ₩4,157

-14.74%

Eggs

$2.73 ₩3,642

$2.65 ₩3,539

3.02%

Local Cheese (1kg)

$11.04 ₩14.7K

$11.29 ₩15.1K

-2.21%

Chicken Fillets (1kg)

$7.74 ₩10.3K

$10.73 ₩14.3K

-27.87%

Beef Round Steak (1kg)

$20.46 ₩27.3K

$25.00 ₩33.3K

-18.16%

Apples (1kg)

$7.46 ₩9,945

$11.46 ₩15.3K

-34.90%

Banana (1kg)

$3.31 ₩4,414

$3.59 ₩4,794

-7.80%

Oranges (1kg)

$6.59 ₩8,788

$7.97 ₩10.6K

-17.31%

Tomato (1kg)

$5.98 ₩7,978

$6.08 ₩8,111

-1.64%

Potato (1kg)

$3.60 ₩4,801

$5.89 ₩7,855

-38.88%

Onion (1kg)

$2.62 ₩3,495

$3.31 ₩4,408

-20.85%

Lettuce (1 head)

$2.73 ₩3,643

$2.84 ₩3,789

-3.87%

Water (1.5 liter bottle)

$1.34 ₩1,784

$1.34 ₩1,792

Cigarettes 20 Pack (Marlboro, Camel)

$3.29 ₩4,381

$3.42 ₩4,563

-3.80%

Wine (Bottle)

$18.41 ₩24.6K

$18.77 ₩25.0K

-1.92%

Local Beer (0.5 liter bottle)

$2.23 ₩2,972

$2.43 ₩3,239

-8.23%

Imported Beer (0.33 liter bottle)

$3.41 ₩4,553

$3.45 ₩4,599

-1.16%

One-way Ticket (Public Transport)

$1.12 ₩1,492

$1.10 ₩1,472

1.82%

Public Transport Monthly Pass (Regular Price)

$49.28 ₩65.7K

Taxi Start (Normal Tariff)

$3.52 ₩4,693

Taxi (Normal Tariff) (1km)

$0.67 ₩890

$0.74 ₩983

-9.46%

Taxi 1hour Waiting (Normal Tariff)

$9.26 ₩12.3K

$17.15 ₩22.9K

-46.01%

Gasoline (1 liter)

$1.35 ₩1,795

$1.42 ₩1,895

-4.93%

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

$29.4K ₩39.2M

$40.4K ₩53.8M

-27.22%

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

$33.9K ₩45.2M

$33.6K ₩44.8M

0.84%

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

$209 ₩278.4K

$205 ₩274.0K

1.59%

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

$36.82 ₩49.1K

$36.50 ₩48.7K

0.88%

Internet (50+ Mbps, Unlimited Data)

$21.24 ₩28.3K

$27.50 ₩36.7K

-22.76%

Gym Membership (Monthly)

$55.4 ₩73.9K

$22.67 ₩30.2K

144.38%

Tennis Court (1 Hour on Weekend)

$13.90 ₩18.5K

Cinema Ticket

$11.11 ₩14.8K

$11.46 ₩15.3K

-3.05%

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

$381 ₩507.6K

$631 ₩841.0K

-39.65%

International Primary School, 1 Child (Yearly)

$21.5K ₩28.7M

$22.3K ₩29.8M

-3.46%

Jeans (Levis 501 Or Similar)

$62.1 ₩82.8K

$107 ₩142.1K

-41.70%

Summer Dress (H&M, Zara, etc)

$61.4 ₩81.8K

$64.9 ₩86.5K

-5.37%

Sport Shoes (Adidas, Nike)

$74.7 ₩99.6K

$94.2 ₩125.6K

-20.71%

Men's Leather Business Shoes

$99.8 ₩133.0K

$127 ₩169.1K

-21.32%

1-bedroom Apartment, City Center (Monthly)

$493 ₩657.9K

$763 ₩1.0M

-35.35%

1-bedroom Apartment, Outside City Center (Monthly)

$348 ₩464.3K

$454 ₩605.3K

-23.30%

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)

$5,227 ₩7.0M

$2,314 ₩3.1M

125.83%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.1

3.9

5.13%

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

Last update for Pangyo: October 24, 2026

Last update for Icheon: October 25, 2026

Monthly budget structure

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

Groceries & Markets

Pangyo

$420 28.6%

Icheon

$490 30.6% 16.8% $70

Accommodation & Living

Pangyo

$348 23.7%

Icheon

$454 28.4% 30.4% $106

Monthly Utilities & Internet

Pangyo

$267 18.2%

Icheon

$269 16.9% 1% $2.7

Eating Out

Pangyo

$160 10.9%

Icheon

$152 9.5% 5.4% $8.7

Clothing & Footwear

Pangyo

$134 9.1%

Icheon

$177 11% 31.7% $43

Sport & Entertainment

Pangyo

$78 5.3%

Icheon

$46 2.9% 41.3% $32

Getting Around

Pangyo

$61 4.1%

Icheon

$12 * 0.7% 80.8% $49

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

Cost Breakdown

A central one-bedroom costs $493 in Pangyo versus $763 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 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 $35 in Pangyo versus $50 in Icheon. Monthly groceries follow the same trend: $420 vs $490 – making Pangyo the more affordable choice for daily food spending.

Good to know

🇰🇷 Pangyo

🇰🇷 Icheon

🕒 Local time

11:32 11:32 AM

Same time as Pangyo

🌤 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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Pangyo Icheon 33 km

From you

Pangyo
Icheon

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

Pangyo vs Icheon: 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 $2,201 per month in Pangyo and $2,398 in Icheon. 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 $35 in Pangyo and $50 in Icheon. 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.