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Cost of Living in Korea

By Betsy Burlingame

Last updated on Nov 27, 2021

Summary: What is the cost of living in Korea? Expats, digital nomads and retirees living in Korea talk about the general living costs, the cost of housing and health insurance.

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What is the average cost of housing in Korea?

If you are thinking about moving to Korea, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Definitely pricier! Our villa in Itaewon cost $6,000 a month to be payable a year in advance," explained one expat.

"It's about the same as at home, assuming you're in a big city and downtown or in the financial district. My rent is about 800 USD for the 285 square...which may be a lot for a little, but once you're here you adjust to the space difference pretty easily," said another person in Seoul.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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