How Expensive Is South Korea? Learn Before You Book Your Visit

Are you gearing up for a trip to Korea? Well, the very first question that you should ponder upon is “How expensive is Korea?”  Indeed, a very important question. To find the accurate answer we need to consider a few things:

To be very honest, living in Korea is not that cheap. So, while planning a trip to Korea you should try to look for cheaper options to make your trip affordable and comfortable. You should also learn the subtle art of negotiation in Korean language.

From accommodation to transportation, there are so many things that visitors check before landing in a country. If one is tight on budget, he/she will look for cheaper options too. But the point is that there are a few things that we can’t compromise on. For instance, if you are traveling to Korea, you can’t get cheap accommodation. For some reason, residential rents are higher in Korea as compared to other states. However, you can get cheaper transportation options in Korea

Fortunately, you don’t have to worry about anything mentioned above to find out how expensive is Korea. This is because we have already made detailed research, conducted surveys and drawn conclusions for our readers. As our reader, you just need to sit at the back and read this blog carefully to estimate how expensive is Korea

How expensive is Korea  for Covid-19 Tests

As you all know that a deadly pandemic has knocked Korea right in the face. To fight against it we need to take appropriate measures and every country is doing its job.  Before you travel to Korea, please check the travel warning. Find out you can travel; now make sure to get yourself tested.

Most importantly, our main concern is how expensive is Korea. So we must check what if you need to get yourself tested in Korea. How much will it cost you? Is any health insurance covers it? Well, you can avail Korean’s health insurance only if you are residing in the country for longer than six months.

If you are a short-term visitor and get Corona positive, you will have to pay all the expense. The Korean government will cover only these costs:

While the visitor has to pay for the following things

​How Expensive Is Korea In Terms of Local Transport

When it comes to local transportation, Korea offers very cheap options. If you want to visit a city, we suggest you take a subway ride. A single subway right in prominent Korean cities will cost you 1,250 KRW (1 USD). If you want to take a bus ride, it will cost you 1,000–2,400 KRW (0.85–2 USD) depending on what type of bus you take. During the night, a bus ride within a city will cost you 2,400 KRW (2 USD). However, the kids, teenagers and old people can get discounts.

Living Cost in Korea

Obviously, when you are traveling to Korea you need to find a suitable place for your stay. For that, the very first thing that we analyze is the average cost of living in Korea. We find out that if you are staying in Seoul, your average cost of living will be around 652,000 KRW (560 USD) per month. However, this estimate does not include residential rent. If we include the residential rent too, the cost will be about 711,000 KRW (600 USD).

How expensive is Korea When It comes To Food

Undoubtedly, the most obvious and essential need for living is food. So, when you are planning to stay in Korea for a while, let’s check out how expensive is Korea when it comes to food.

Evidently, the meal prices can vary throughout a country but there is the average cost of the meal that helps visitors in estimating the total food expense. The average cost of a meal in Korea is about ₩29,326 per day. In addition to that, the average meal cost when dining out in Korea is around ₩11,730 per person. But keep in mind; they got these results from the surveys that took place before the pandemic. Now, when the Korean economy, like all other economies across the globe, is facing aftershocks of the pandemic, the average cost of a meal may vary.

If you want to enjoy the cheapest food then don’t miss breakfasts in Korea. For somewhat reason, the breakfasts are cheaper than lunch and dinner.

To Sum Up

We hope that our above insights gave you a realistic and honest idea of how much expensive Korea is.  From residency to food, we tried to highlight the necessary expenses. However, if you want to know anything, feel free to write to us.

We hope our blog made you feel better and a little less worried. Wishing you a safe and happy trip!