Published: Monday, 21th October 2024
The cost of living in Mexico is 1.09 times less expensive as compared to South Korea.
On this page, you will find side-by-side cost comparison between Mexico and South Korea. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Mexico and South Korea.
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Indicators | Mexico | South Korea |
---|---|---|
1 BHK Apartment in City Center | 15,000 MXN (840 USD) | 800,000 KRW (600 USD) |
2 BHK Apartment in City Center | 25,000 MXN (1,400 USD) | 1,500,000 KRW (1,125 USD) |
3 BHK Apartment in City Center | 35,000 MXN (1,960 USD) | 2,500,000 KRW (1,875 USD) |
1 BHK Apartment outside City Center | 8,000 MXN (448 USD) | 500,000 KRW (375 USD) |
2 BHK Apartment outside City Center | 12,000 MXN (672 USD) | 1,000,000 KRW (750 USD) |
3 BHK Apartment outside City Center | 16,000 MXN (896 USD) | 1,500,000 KRW (1,125 USD) |
Mortgage Rates Per Month | 2.5 % | 3 % |
Realtor Commission | 5 % | 1 % |
Property Taxes | 0.1 to 1.2 % | 0.15 to 0.5 % |
The average housing cost in Mexico is 1.11 times more expensive than South Korea.
Indicators | Mexico | South Korea |
---|---|---|
Basic Home Furnishing | 20,000 MXN (1,120 USD) | 2,000,000 KRW (1,500 USD) |
Electricity Cost Per Month | 800 MXN (44.80 USD) | 50,000 KRW (37.50 USD) |
Heating Cost Per Month | 500 MXN (28 USD) | 70,000 KRW (52.50 USD) |
Cooling Cost Per Month | 400 MXN (22.40 USD) | 40,000 KRW (30 USD) |
Water Supply Cost Per Month | 400 MXN (22.40 USD) | 20,000 KRW (15 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 24.31% less for Utilities.
The basic home furnishing in Mexico costs 1.34 times less compared to South Korea.
Indicators | Mexico | South Korea |
---|---|---|
Standard Wifi Cost Per Month | 600 MXN (33.60 USD) | 30,000 KRW (22.50 USD) |
Mobile Phone Basic Plan Cost Per Month | 300 MXN (16.80 USD) | 30,000 KRW (22.50 USD) |
Landline Basic Plan Cost Per Month | 200 MXN (11.20 USD) | 10,000 KRW (7.50 USD) |
Cable TV Basic Plan Cost Per Month | 500 MXN (28 USD) | 20,000 KRW (15 USD) |
The internet and communication costs 32.74% more in Mexico compared to South Korea.
Indicators | Mexico | South Korea |
---|---|---|
Long Grain Rice (1 KG) | 30 MXN (1.68 USD) | 4,000 KRW (3 USD) |
Milk (1 Liter) | 20 MXN (1.12 USD) | 2,000 KRW (1.50 USD) |
Water (1 Liter) | 10 MXN (0.56 USD) | 1,000 KRW (0.75 USD) |
Bread (500 gm) | 25 MXN (1.40 USD) | 2,500 KRW (1.88 USD) |
Eggs (1 Dozen) | 35 MXN (1.96 USD) | 3,000 KRW (2.25 USD) |
Cheese (1 KG) | 100 MXN (5.60 USD) | 8,000 KRW (6 USD) |
Chicken Breast (1 KG) | 80 MXN (4.48 USD) | 10,000 KRW (7.50 USD) |
In Mexico, the cost of 1 Liter Water and 1 Liter Milk is 1.34 times less expensive than the cost in South Korea.
If you lived in Mexico, instead of South Korea, you would have to pay 26.56% less for Groceries.
Indicators | Mexico | South Korea |
---|---|---|
Apples (1 KG) | 35 MXN (1.96 USD) | 5,000 KRW (3.75 USD) |
Bananas (1 KG) | 20 MXN (1.12 USD) | 3,000 KRW (2.25 USD) |
Oranges (1 KG) | 25 MXN (1.40 USD) | 4,000 KRW (3 USD) |
Tomatoes (1 KG) | 30 MXN (1.68 USD) | 3,500 KRW (2.63 USD) |
Potatoes (1 KG) | 20 MXN (1.12 USD) | 2,500 KRW (1.88 USD) |
Lemons (1 KG) | 35 MXN (1.96 USD) | 5,000 KRW (3.75 USD) |
Onions (1 KG) | 20 MXN (1.12 USD) | 3,000 KRW (2.25 USD) |
Lentils (1 KG) | 40 MXN (2.24 USD) | 6,000 KRW (4.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.90 times less for Fruits and Vegetables.
Indicators | Mexico | South Korea |
---|---|---|
Meal at a Resonable Restaurant | 150 MXN (8.40 USD) | 12,000 KRW (9 USD) |
Three-Course Meal for Two | 600 MXN (33.60 USD) | 50,000 KRW (37.50 USD) |
Fast Food Combo Meal | 80 MXN (4.48 USD) | 8,000 KRW (6 USD) |
Normal Coffee | 30 MXN (1.68 USD) | 4,000 KRW (3 USD) |
Soft Drink | 15 MXN (0.84 USD) | 2,500 KRW (1.88 USD) |
Pizza for One | 150 MXN (8.40 USD) | 20,000 KRW (15 USD) |
Take-Out Delivery Meal | 150 MXN (8.40 USD) | 12,000 KRW (9 USD) |
Cigarette Pack of 20 | 60 MXN (3.36 USD) | 5,000 KRW (3.75 USD) |
Dining-Out costs 18.75% less in Mexico compared to South Korea.
Indicators | Mexico | South Korea |
---|---|---|
Wine Mid-Range Bottle | 200 MXN (11.20 USD) | 30,000 KRW (22.50 USD) |
Glass of Wine | 80 MXN (4.48 USD) | 10,000 KRW (7.50 USD) |
Domestic Beer Half Liter | 20 MXN (1.12 USD) | 3,000 KRW (2.25 USD) |
Imported Beer Half Liter | 35 MXN (1.96 USD) | 4,000 KRW (3 USD) |
Domestic Alcohol 1 Liter | 200 MXN (11.20 USD) | 15,000 KRW (11.25 USD) |
Branded Alcohol 1 Liter | 400 MXN (22.40 USD) | 30,000 KRW (22.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.32 times less for usual hard drinks.
Indicators | Mexico | South Korea |
---|---|---|
Monthly Public Transportation Pass | 800 MXN (44.80 USD) | 60,000 KRW (45 USD) |
Single Public Transportation Ticket | 10 MXN (0.56 USD) | 1,200 KRW (0.90 USD) |
Single Train Ticket | Yet to Update () | 70,000 KRW (52.50 USD) |
Domestic Airplane Ticket | 2,000 MXN (112 USD) | 200,000 KRW (150 USD) |
Taxi Start Fare | 30 MXN (1.68 USD) | 3,000 KRW (2.25 USD) |
Taxi Rate Per Kilometer | 8 MXN (0.45 USD) | 1,000 KRW (0.75 USD) |
Car Rental Per Day | 600 MXN (33.60 USD) | 70,000 KRW (52.50 USD) |
Parking Fees in City Center Per Hour | 20 MXN (1.12 USD) | 3,000 KRW (2.25 USD) |
Parking Fees outside City Center Per Hour | 10 MXN (0.56 USD) | 1,500 KRW (1.13 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.58 times less for transportation.
Indicators | Mexico | South Korea |
---|---|---|
Reasonable Vehicle Purchase Cost | 250,000 MXN (14,000 USD) | 30,000,000 KRW (22,500 USD) |
Vehicle Registration Cost | 2,000 MXN (112 USD) | 200,000 KRW (150 USD) |
Driving License Fees | 1,000 MXN (56 USD) | 50,000 KRW (37.50 USD) |
Car Insurance Cost | 4,000 MXN (224 USD) | 500,000 KRW (375 USD) |
Car Maintenance Cost | 2,000 MXN (112 USD) | 150,000 KRW (112.50 USD) |
Car Loan Interest Rates | 10 % | 4 % |
Fuel Per Liter | 25 MXN (1.40 USD) | 1,500 KRW (1.13 USD) |
Fuel Per Gallon | 100 MXN (5.60 USD) | 6,000 KRW (4.50 USD) |
Average Toll Fees | Yet to Update | 5,000 KRW 3.75 USD |
You would have to pay 1.60 times less for Vehicle purchase, daily operation and maintenance in Mexico compared to that of South Korea.
Indicators | Mexico | South Korea |
---|---|---|
Doctor Visit | 500 MXN (28 USD) | 70,000 KRW (52.50 USD) |
Specialist Visit | 1,000 MXN (56 USD) | 150,000 KRW (112.50 USD) |
Dentist Visit | 800 MXN (44.80 USD) | 80,000 KRW (60 USD) |
Eye Exam | 400 MXN (22.40 USD) | 60,000 KRW (45 USD) |
Mental Health Counseling | 1,500 MXN (84 USD) | 100,000 KRW (75 USD) |
Preventive Health Screening | 600 MXN (33.60 USD) | 80,000 KRW (60 USD) |
Physical Therapy | 1,000 MXN (56 USD) | 70,000 KRW (52.50 USD) |
Emergency Room Visit | 3,000 MXN (168 USD) | 150,000 KRW (112.50 USD) |
Hospital Stay Per Night | 4,000 MXN (224 USD) | 200,000 KRW (150 USD) |
Vaccinations | 500 MXN (28 USD) | 30,000 KRW (22.50 USD) |
Prescription Medication | 200 MXN (11.20 USD) | 20,000 KRW (15 USD) |
Over the Counter Medication | 100 MXN (5.60 USD) | 10,000 KRW (7.50 USD) |
Health Insurance Premiums | 2,000 MXN (112 USD) | 150,000 KRW (112.50 USD) |
Health Insurance Deductibles | 800 MXN (44.80 USD) | 30,000 KRW (22.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.02 times more for Health and Medical Treatment.
Indicators | Mexico | South Korea |
---|---|---|
Cosmetic Procedures | 4,000 MXN (224 USD) | 500,000 KRW (375 USD) |
Spa Treatment | 1,500 MXN (84 USD) | 150,000 KRW (112.50 USD) |
Manicure Pedicure Cost | 500 MXN (28 USD) | 50,000 KRW (37.50 USD) |
Optical Glasses Cost | 800 MXN (44.80 USD) | 150,000 KRW (112.50 USD) |
Contact Lenses Cost | 400 MXN (22.40 USD) | 100,000 KRW (75 USD) |
Haircuts | 150 MXN (8.40 USD) | 20,000 KRW (15 USD) |
Hair Coloring | 500 MXN (28 USD) | 80,000 KRW (60 USD) |
Shampoo Price | 60 MXN (3.36 USD) | 4,000 KRW (3 USD) |
Toothpaste Price | 25 MXN (1.40 USD) | 2,000 KRW (1.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.78 times less for Personal Care Items and Treatment.
Indicators | Mexico | South Korea |
---|---|---|
Pair of Nike Running Shoes | 3,000 MXN (168 USD) | 100,000 KRW (75 USD) |
Men's Shirt | 800 MXN (44.80 USD) | 40,000 KRW (30 USD) |
Women's Dress | 1,500 MXN (84 USD) | 80,000 KRW (60 USD) |
Summer Dress | 1,200 MXN (67.20 USD) | 40,000 KRW (30 USD) |
Men's Suit | 6,000 MXN (336 USD) | 500,000 KRW (375 USD) |
Men's Jeans | 1,500 MXN (84 USD) | 60,000 KRW (45 USD) |
Women's Jeans | 1,500 MXN (84 USD) | 50,000 KRW (37.50 USD) |
Men's Formal Shoes | 3,000 MXN (168 USD) | 120,000 KRW (90 USD) |
Women's Formal Shoes | 3,000 MXN (168 USD) | 100,000 KRW (75 USD) |
Men's Casual Shoes | 2,000 MXN (112 USD) | 80,000 KRW (60 USD) |
Women's Casual Shoes | 2,000 MXN (112 USD) | 60,000 KRW (45 USD) |
Underwear For Men | 200 MXN (11.20 USD) | 10,000 KRW (7.50 USD) |
Underwear For Women | 250 MXN (14 USD) | 10,000 KRW (7.50 USD) |
Socks For Men | 100 MXN (5.60 USD) | 5,000 KRW (3.75 USD) |
Socks For Women | 100 MXN (5.60 USD) | 5,000 KRW (3.75 USD) |
Wintercoat for Adults | 3,000 MXN (168 USD) | 100,000 KRW (75 USD) |
Sportswear | 1,500 MXN (84 USD) | 50,000 KRW (37.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.62 times more for Clothing and Footwear for Adults.
Indicators | Mexico | South Korea |
---|---|---|
Children's Jeans | 1,000 MXN (56 USD) | 30,000 KRW (22.50 USD) |
Children's Normal Sneakers | 1,200 MXN (67.20 USD) | 40,000 KRW (30 USD) |
Children's Winter Coat | 1,500 MXN (84 USD) | 60,000 KRW (45 USD) |
Daycare for Infant | 4,000 MXN (224 USD) | 300,000 KRW (225 USD) |
Daycare for Toddler | 3,500 MXN (196 USD) | 250,000 KRW (187.50 USD) |
Childcare for Sick Days | 800 MXN (44.80 USD) | 50,000 KRW (37.50 USD) |
Early Childhood Education Programs | 3,000 MXN (168 USD) | 500,000 KRW (375 USD) |
Extra Curricular Activities | 2,000 MXN (112 USD) | 100,000 KRW (75 USD) |
Summer Camp for Kids | 5,000 MXN (280 USD) | 200,000 KRW (150 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.07 times more for Childcare and kids clothing.
Indicators | Mexico | South Korea |
---|---|---|
PreSchool Fees | 5,000 MXN (280 USD) | 200,000 KRW (150 USD) |
Primary School Fees | 8,000 MXN (448 USD) | 500,000 KRW (375 USD) |
Secondary School Fees | 12,000 MXN (672 USD) | 700,000 KRW (525 USD) |
Private School Fees | 20,000 MXN (1,120 USD) | 1,000,000 KRW (750 USD) |
University Tuition Fees | 60,000 MXN (3,360 USD) | 2,000,000 KRW (1,500 USD) |
University Private Tuition Fees | 120,000 MXN (6,720 USD) | 4,000,000 KRW (3,000 USD) |
After School Activities | 2,000 MXN (112 USD) | 100,000 KRW (75 USD) |
Special Education Services | 2,500 MXN (140 USD) | 300,000 KRW (225 USD) |
Tutoring | 1,000 MXN (56 USD) | 50,000 KRW (37.50 USD) |
Textbooks Cost | 600 MXN (33.60 USD) | 100,000 KRW (75 USD) |
School Supplies | 300 MXN (16.80 USD) | 30,000 KRW (22.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.92 times more for school and education.
Indicators | Mexico | South Korea |
---|---|---|
Movie Ticket (Single) | 100 MXN (5.60 USD) | 12,000 KRW (9 USD) |
Theater Ticket (Single) | 300 MXN (16.80 USD) | 30,000 KRW (22.50 USD) |
Concert Ticket (Single) | 500 MXN (28 USD) | 70,000 KRW (52.50 USD) |
Sports Event Ticket (Single) | 500 MXN (28 USD) | 50,000 KRW (37.50 USD) |
Gym Membership | 600 MXN (33.60 USD) | 80,000 KRW (60 USD) |
Swimming Pool Access | 300 MXN (16.80 USD) | 30,000 KRW (22.50 USD) |
Museum Entry Ticket | 100 MXN (5.60 USD) | 5,000 KRW (3.75 USD) |
Zoo Entry Ticket | 150 MXN (8.40 USD) | 10,000 KRW (7.50 USD) |
Amusement Park Entry Ticket | 300 MXN (16.80 USD) | 20,000 KRW (15 USD) |
Bowling | 150 MXN (8.40 USD) | 10,000 KRW (7.50 USD) |
Mini Golf | 100 MXN (5.60 USD) | 15,000 KRW (11.25 USD) |
Video Games | 1,000 MXN (56 USD) | 30,000 KRW (22.50 USD) |
Streaming Services | 150 MXN (8.40 USD) | 20,000 KRW (15 USD) |
Outdoor Equipment Rental | 300 MXN (16.80 USD) | 10,000 KRW (7.50 USD) |
Theme Park Annual Pass | 6,000 MXN (336 USD) | 150,000 KRW (112.50 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.45 times more for entertainment, recreation and fun activities.
Indicators | Mexico | South Korea |
---|---|---|
Language Classes | 1,500 MXN (84 USD) | 200,000 KRW (150 USD) |
Parenting Classes | 1,000 MXN (56 USD) | 150,000 KRW (112.50 USD) |
Art Classes | 600 MXN (33.60 USD) | 25,000 KRW (18.75 USD) |
Fitness Classes | 300 MXN (16.80 USD) | 20,000 KRW (15 USD) |
Music Lessons | 500 MXN (28 USD) | 40,000 KRW (30 USD) |
Dance Lessons | 500 MXN (28 USD) | 30,000 KRW (22.50 USD) |
Reading Materials for Classes | 200 MXN (11.20 USD) | 10,000 KRW (7.50 USD) |
Educational Software | 1,000 MXN (56 USD) | 100,000 KRW (75 USD) |
If you lived in Mexico, instead of South Korea, you would have to pay 1.38 times less for Private Classes.
Indicators | Mexico | South Korea |
---|---|---|
Average Gross Monthly Salary | 20,000 MXN (1,120 USD) | 3,000,000 KRW (2,250 USD) |
Average Net Monthly Salary | 15,000 MXN (840 USD) | 2,400,000 KRW (1,800 USD) |
Minimum Wages | 200 MXN per hour (11.20 USD) | 83,333.33 KRW per hour (62.50 USD) |
Average Bonus | 10,000 MXN (560 USD) | 500,000 KRW (375 USD) |
Income Tax Rate | 0 to 16 % | 0 to 10 % |
Social Security Contributions | 10 % | 5 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 45 | 60 |
Median Household Income | 60,000 MXN (3,360 USD) | 2,500,000 KRW (1,875 USD) |
If you lived in Mexico, you would earn 1.08 times less salary as compared to South Korea.
Indicators | Mexico | South Korea |
---|---|---|
Legal Consultation Per Hour Rate | 1,000 MXN (56 USD) | 100,000 KRW (75 USD) |
Accounting Services Per Hour Rate | 800 MXN (44.80 USD) | 80,000 KRW (60 USD) |
IT Support Services Per Hour Rate | 700 MXN (39.20 USD) | 70,000 KRW (52.50 USD) |
Technician Services Per Hour Rate | 600 MXN (33.60 USD) | 60,000 KRW (45 USD) |
Professional Services cost 1.34 times less in Mexico, as compared to South Korea.
We hope you enjoyed the detailed guide on the cost of living comparsion between Mexico and South Korea.
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