Cost of living in South Korea in 2026
What it really costs to live in South Korea: rent, groceries, utilities, transport and a realistic monthly budget. Generate a free plan below with a budget tailored to your city and household.
A Big Mac costs about $3.74.
Planning the move itself? See the South Korea relocation guide.
South Korea costs at a glance
Country-wide indicators, each with its source. City-level figures below where available.
Big Mac price
$3.74
The Economist, January 2026
Inflation (annual)
2.1%
World Bank 2025
Currency
KRW
ISO 4217
Frequently asked questions
How much money do I need to live in South Korea?
It depends on the city, whether you rent in the centre, and your lifestyle. Use the figures on this page as a starting point, then generate a free plan above — it estimates a budget for your exact destination city, household size and priorities.
What is the inflation rate in South Korea?
Annual inflation was about 2.1% (World Bank 2025). High or volatile inflation can change rents and grocery prices quickly, so treat older figures with caution.
How current is this cost data?
Prices and taxes were refreshed 7 July 2026; inflation and the Big Mac index 12 July 2026. Every figure on this page shows its source. Always confirm current prices locally before you budget.