Last update: Oct 2026

Cost of Living Comparison Between Pangyo and Melbourne

For one person, living is cheaper in Pangyo: $1,460 a month against $2,852 in Melbourne, rent and utilities included – about $16,700 less a year. Rent and utilities account for most of the difference.

72

Cost of Living Index in Pangyo
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Pangyo Living Index
137

Cost of Living Index in Melbourne
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Melbourne Living Index

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Pangyo

🇰🇷 South Korea

$1,460

/mo nomad

Melbourne

🇦🇺 Australia

$2,852

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,460 in Pangyo versus $2,852 in Melbourne.

Pangyo $1,460
Melbourne $2,852

Estimated couple costs with rent: $2,303 in Pangyo versus $4,297 in Melbourne.

Pangyo $2,303
Melbourne $4,297

Monthly costs for a family of three with rent: $3,145 in Pangyo versus $5,742 in Melbourne.

Pangyo $3,145
Melbourne $5,742

Living in Pangyo costs roughly 49% less than in Melbourne, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Pangyo 9% above, Melbourne 113% above.

Meal at Budget Restaurant

$7.17 ₩9,612

$17.75 A$25.40

-59.61%

Three-Course Dinner for Two, Mid-Range

$30.05 ₩40.3K

$84.8 A$121

-64.58%

Fast Food Meal (McDonalds, etc)

$6.54 ₩8,768

$12.16 A$17.40

-46.22%

Cappuccino

$4.03 ₩5,394

$3.93 A$5.62

2.54%

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

$1.51 ₩2,023

$3.14 A$4.49

-51.91%

Water (0.33 liter bottle)

$0.71 ₩953

$2.43 A$3.47

-70.78%

Local Beer (0.5 liter draught)

$2.96 ₩3,973

$9.90 A$14.17

-70.10%

Imported Beer (0.33 liter bottle)

$3.98 ₩5,335

$8.29 A$11.86

-51.99%

Milk (1 liter)

$2.30 ₩3,084

$1.55 A$2.21

48.39%

White Bread (500g)

$3.19 ₩4,274

$3.01 A$4.31

5.98%

Rice (white) (1kg)

$2.74 ₩3,674

$2.88 A$4.12

-4.86%

Eggs

$2.69 ₩3,607

$5.44 A$7.79

-50.55%

Local Cheese (1kg)

$10.88 ₩14.6K

$10.59 A$15.16

2.74%

Chicken Fillets (1kg)

$7.91 ₩10.6K

$9.61 A$13.76

-17.69%

Beef Round Steak (1kg)

$21.43 ₩28.7K

$14.99 A$21.46

42.96%

Apples (1kg)

$7.68 ₩10.3K

$4.15 A$5.94

85.06%

Banana (1kg)

$3.62 ₩4,847

$3.05 A$4.37

18.69%

Oranges (1kg)

$7.50 ₩10.1K

$3.30 A$4.72

127.27%

Tomato (1kg)

$6.11 ₩8,182

$4.76 A$6.81

28.36%

Potato (1kg)

$3.62 ₩4,848

$3.04 A$4.34

19.08%

Onion (1kg)

$2.68 ₩3,587

$2.55 A$3.65

5.10%

Lettuce (1 head)

$2.78 ₩3,732

$2.48 A$3.55

12.10%

Water (1.5 liter bottle)

$1.28 ₩1,715

$1.63 A$2.33

-21.47%

Cigarettes 20 Pack (Marlboro, Camel)

$3.45 ₩4,624

$44.07 A$63.1

-92.17%

Wine (Bottle)

$18.84 ₩25.3K

$12.43 A$17.79

51.57%

Local Beer (0.5 liter bottle)

$2.29 ₩3,071

$5.33 A$7.63

-57.04%

Imported Beer (0.33 liter bottle)

$3.46 ₩4,639

$5.16 A$7.38

-32.95%

One-way Ticket (Public Transport)

$1.10 ₩1,476

$3.84 A$5.50

-71.35%

Public Transport Monthly Pass (Regular Price)

$47.53 ₩63.7K

$142 A$203

-66.41%

Taxi Start (Normal Tariff)

$3.36 ₩4,504

$4.40 A$6.29

-23.64%

Taxi (Normal Tariff) (1km)

$0.66 ₩882

$1.40 A$2.01

-52.86%

Taxi 1hour Waiting (Normal Tariff)

$13.05 ₩17.5K

$29.83 A$42.69

-56.25%

Gasoline (1 liter)

$1.41 ₩1,887

$1.46 A$2.09

-3.42%

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

$30.8K ₩41.2M

$28.1K A$40.3K

9.27%

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

$38.4K ₩51.4M

$25.9K A$37.1K

47.98%

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

$199 ₩266.8K

$233 A$333

-14.41%

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

$36.74 ₩49.2K

$27.28 A$39.04

34.68%

Internet (50+ Mbps, Unlimited Data)

$22.15 ₩29.7K

$57.0 A$81.6

-61.17%

Gym Membership (Monthly)

$51.2 ₩68.6K

$52.7 A$75.4

-2.87%

Tennis Court (1 Hour on Weekend)

$11.91 ₩16.0K

$22.62 A$32.37

-47.35%

Cinema Ticket

$11.13 ₩14.9K

$17.10 A$24.48

-34.91%

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

$526 ₩704.4K

$2,373 A$3,397

-77.85%

International Primary School, 1 Child (Yearly)

$21.7K ₩29.0M

$30.5K A$43.6K

-28.87%

Jeans (Levis 501 Or Similar)

$65.7 ₩88.0K

$78.2 A$112

-16.03%

Summer Dress (H&M, Zara, etc)

$64.1 ₩85.9K

$50.5 A$72.2

27.03%

Sport Shoes (Adidas, Nike)

$74.5 ₩99.8K

$121 A$172

-38.18%

Men's Leather Business Shoes

$101 ₩135.3K

$133 A$191

-24.22%

1-bedroom Apartment, City Center (Monthly)

$478 ₩641.1K

$1,713 A$2,451

-72.07%

1-bedroom Apartment, Outside City Center (Monthly)

$361 ₩483.8K

$1,402 A$2,006

-74.25%

3-bedroom Apartment, City Center (Monthly)

$1,182 ₩1.6M

$3,339 A$4,778

-64.60%

3-bedroom Apartment, Outside City Center (Monthly)

$735 ₩985.5K

$2,529 A$3,619

-70.92%

Buy Apartment in City Center (m2)

$7,053 ₩9.5M

$7,018 A$10.0K

0.49%

Buy Apartment Outside City Center (m2)

$5,546 ₩7.4M

$6,767 A$9,685

-18.05%

Average Monthly Net Salary (After Tax)

$5,262 ₩7.1M

$4,228 A$6,051

24.44%

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 Pangyo: October 4, 2026

Last update for Melbourne: October 6, 2026

Monthly budget structure

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

Groceries & Markets

Pangyo

$433 29.3%

Melbourne

$385 13.5% 10.9% $47

Accommodation & Living

Pangyo

$361 24.4%

Melbourne

$1.4K 49.3% 288% $1K

Monthly Utilities & Internet

Pangyo

$258 17.5%

Melbourne

$317 11.1% 22.9% $59

Eating Out

Pangyo

$157 10.6%

Melbourne

$314 11% 100% $157

Clothing & Footwear

Pangyo

$137 9.3%

Melbourne

$172 6.1% 25.3% $35

Sport & Entertainment

Pangyo

$73 5%

Melbourne

$87 3.1% 18.3% $13

Getting Around

Pangyo

$59 4%

Melbourne

$168 5.9% 187% $110

Cost Breakdown

A one-bedroom apartment in the center runs $478 in Pangyo and $1,713 in Melbourne. Housing cost is often the main lever when comparing two cities.

Pangyo pays 24% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $30.00 in Pangyo vs $85.0 in Melbourne. Groceries flip the comparison at $433 vs $385, with Melbourne cheaper for home cooking.

Good to know

🇰🇷 Pangyo

🇦🇺 Melbourne

🕒 Local time

17:14 5:14 PM

19:14 7:14 PM

2 h ahead of Pangyo

🌤 Weather

👥 Population

5,031,195

💱 Currency

South Korean Won KRW ₩

Australian Dollar AUD $

📈 Exchange rate

10,000 KRW = 7.46 USD

10,000 KRW = 6.65 EUR

1 AUD = 0.699 USD

1 AUD = 0.623 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 10, 2026: 1 USD = 1,340 KRW (10,000 KRW = 7.46 USD). 1 EUR = 1,503 KRW (10,000 KRW = 6.65 EUR).

Australian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 AUD (1 AUD = 0.699 USD). 1 EUR = 1.61 AUD (1 AUD = 0.623 EUR).

USD to KRW in detail →

On the map

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Between locations

Pangyo Melbourne 8,560 km ≈ 11 h nonstop flight

From you

Pangyo
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

Pangyo vs Melbourne: Cost of Living - Frequently Asked Questions

Pangyo and Melbourne differ by about 95% in total monthly costs ($1,460 vs $2,852 including rent). Pangyo is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 24% higher in Pangyo, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $478 in Pangyo versus $1,713 in Melbourne. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $526 in Pangyo versus $2,373 in Melbourne. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Shoppers in Melbourne pay roughly 12% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

At $1,460 in Pangyo versus $2,852 in Melbourne, a $1,500 budget is realistic in Pangyo but tight or insufficient in Melbourne. The gap between the two cities makes Pangyo the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Pangyo and Melbourne are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Pangyo gentler on the wallet – expenses run 95% less than in Melbourne. Beyond cost, consider language, visa policies, and how big the international community is in each city.