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Cost of living by city › Asia › South Korea

South Korea Cost of Living 2026

🇰🇷 3 cities in South Korea, sorted by daily travel budget. Not the exchange rate — how cheap it feels on your own income, and where a price becomes a rip-off. Updated September 2026

Average per day
$154
mid-range room included
Cheapest city
Busan
$137 a day
Average per month
$2,416
rental + living
See it on your own income

Cities in South Korea compared

CityPer dayPer monthLocal mealCoffee
🇰🇷 BusanBig city · coast$137$2,048₩9,000₩4,500
🇰🇷 JejuResort$161$2,314₩11,000₩5,500
🇰🇷 SeoulBig city$165$2,887₩10,000₩5,000

Per day = one mid-range night + three meals, a coffee and two taxi rides. Open a city for item-by-item prices, rip-off thresholds and live traveler reports.

FAQ

How much is a daily travel budget in South Korea?

With a mid-range room, between $137 and $165 a day depending on the city — about $154 on average. Hostels and local eateries cut that by 30% or more.

How much does a month in South Korea cost?

Short-term rental plus living costs runs $2,048–$2,887 by city, about $2,416 on average.

Which city in South Korea is cheapest?

By daily budget, Busan ($137/day) is the cheapest and Seoul ($165/day) the most expensive.

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