Published: Monday, 21th October 2024
The cost of living in South Korea is 3.24 times more expensive as compared to Eritrea.
On this page, you will find side-by-side cost comparison between South Korea and Eritrea. 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 South Korea and Eritrea.
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Indicators | South Korea | Eritrea |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 3,000 ERN (198 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 5,000 ERN (330 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 7,000 ERN (462 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 2,000 ERN (132 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 3,500 ERN (231 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 5,000 ERN (330 USD) |
Mortgage Rates Per Month | 3 % | 6 % |
Realtor Commission | 1 % | 3 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 3.49 times more expensive than Eritrea.
Indicators | South Korea | Eritrea |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 15,000 ERN (990 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 1,000 ERN (66 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 500 ERN (33 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 500 ERN (33 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 500 ERN (33 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 41.56% more for Utilities.
The basic home furnishing in South Korea costs 1.52 times more compared to Eritrea.
Indicators | South Korea | Eritrea |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 2,000 ERN (132 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 1,000 ERN (66 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 500 ERN (33 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 1,500 ERN (99 USD) |
The internet and communication costs 79.55% less in South Korea compared to Eritrea.
Indicators | South Korea | Eritrea |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 100 ERN (6.60 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 50 ERN (3.30 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 10 ERN (0.66 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 30 ERN (1.98 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 60 ERN (3.96 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 200 ERN (13.20 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 150 ERN (9.90 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.76 times less expensive than the cost in Eritrea.
If you lived in South Korea, instead of Eritrea, you would have to pay 42.23% less for Groceries.
Indicators | South Korea | Eritrea |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 100 ERN (6.60 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 50 ERN (3.30 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 60 ERN (3.96 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 40 ERN (2.64 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 30 ERN (1.98 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 70 ERN (4.62 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 40 ERN (2.64 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 100 ERN (6.60 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 1.35 times less for Fruits and Vegetables.
Indicators | South Korea | Eritrea |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 500 ERN (33 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 1,500 ERN (99 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 250 ERN (16.50 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 50 ERN (3.30 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 30 ERN (1.98 USD) |
Pizza for One | 20,000 KRW (15 USD) | 600 ERN (39.60 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 400 ERN (26.40 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 60 ERN (3.96 USD) |
Dining-Out costs 61.95% less in South Korea compared to Eritrea.
Indicators | South Korea | Eritrea |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 500 ERN (33 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 100 ERN (6.60 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 50 ERN (3.30 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 80 ERN (5.28 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 200 ERN (13.20 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 300 ERN (19.80 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 1.18 times less for usual hard drinks.
Indicators | South Korea | Eritrea |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 500 ERN (33 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 20 ERN (1.32 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 3,000 ERN (198 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 50 ERN (3.30 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 20 ERN (1.32 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 1,500 ERN (99 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 50 ERN (3.30 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 20 ERN (1.32 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 1.11 times less for transportation.
Indicators | South Korea | Eritrea |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 80,000 ERN (5,280 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 1,000 ERN (66 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 500 ERN (33 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 2,000 ERN (132 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 500 ERN (33 USD) |
Car Loan Interest Rates | 4 % | 10 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 15 ERN (0.99 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 60 ERN (3.96 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 4.18 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Eritrea.
Indicators | South Korea | Eritrea |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 300 ERN (19.80 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 500 ERN (33 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 400 ERN (26.40 USD) |
Eye Exam | 60,000 KRW (45 USD) | 250 ERN (16.50 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 300 ERN (19.80 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 150 ERN (9.90 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 200 ERN (13.20 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 500 ERN (33 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 1,000 ERN (66 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 100 ERN (6.60 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 200 ERN (13.20 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 100 ERN (6.60 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 2,000 ERN (132 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 500 ERN (33 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 2.10 times more for Health and Medical Treatment.
Indicators | South Korea | Eritrea |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 1,000 ERN (66 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 500 ERN (33 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 150 ERN (9.90 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 300 ERN (19.80 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 200 ERN (13.20 USD) |
Haircuts | 20,000 KRW (15 USD) | 100 ERN (6.60 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 200 ERN (13.20 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 50 ERN (3.30 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 20 ERN (1.32 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 4.76 times more for Personal Care Items and Treatment.
Indicators | South Korea | Eritrea |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 1,000 ERN (66 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 300 ERN (19.80 USD) |
Women's Dress | 80,000 KRW (60 USD) | 600 ERN (39.60 USD) |
Summer Dress | 40,000 KRW (30 USD) | 400 ERN (26.40 USD) |
Men's Suit | 500,000 KRW (375 USD) | 3,000 ERN (198 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 600 ERN (39.60 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 500 ERN (33 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 1,000 ERN (66 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 1,000 ERN (66 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 700 ERN (46.20 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 700 ERN (46.20 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 100 ERN (6.60 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 100 ERN (6.60 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 50 ERN (3.30 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 50 ERN (3.30 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 800 ERN (52.80 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 600 ERN (39.60 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 1.39 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Eritrea |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 300 ERN (19.80 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 400 ERN (26.40 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 500 ERN (33 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 2,000 ERN (132 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 1,500 ERN (99 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 300 ERN (19.80 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 1,500 ERN (99 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 500 ERN (33 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 1,000 ERN (66 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 2.17 times more for Childcare and kids clothing.
Indicators | South Korea | Eritrea |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 1,200 ERN (79.20 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 3,000 ERN (198 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 4,000 ERN (264 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 5,000 ERN (330 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 10,000 ERN (660 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 20,000 ERN (1,320 USD) |
After School Activities | 100,000 KRW (75 USD) | 500 ERN (33 USD) |
Special Education Services | 300,000 KRW (225 USD) | 600 ERN (39.60 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 700 ERN (46.20 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 200 ERN (13.20 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 100 ERN (6.60 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 2.25 times more for school and education.
Indicators | South Korea | Eritrea |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 100 ERN (6.60 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 200 ERN (13.20 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 300 ERN (19.80 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 400 ERN (26.40 USD) |
Gym Membership | 80,000 KRW (60 USD) | 500 ERN (33 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 300 ERN (19.80 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 100 ERN (6.60 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 100 ERN (6.60 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 200 ERN (13.20 USD) |
Bowling | 10,000 KRW (7.50 USD) | 200 ERN (13.20 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 150 ERN (9.90 USD) |
Video Games | 30,000 KRW (22.50 USD) | 1,000 ERN (66 USD) |
Streaming Services | 20,000 KRW (15 USD) | 200 ERN (13.20 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 300 ERN (19.80 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 1,000 ERN (66 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 1.22 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Eritrea |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 500 ERN (33 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 300 ERN (19.80 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 500 ERN (33 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 200 ERN (13.20 USD) |
Music Lessons | 40,000 KRW (30 USD) | 300 ERN (19.80 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 400 ERN (26.40 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 100 ERN (6.60 USD) |
Educational Software | 100,000 KRW (75 USD) | 200 ERN (13.20 USD) |
If you lived in South Korea, instead of Eritrea, you would have to pay 2.61 times more for Private Classes.
Indicators | South Korea | Eritrea |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 5,000 ERN (330 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 3,500 ERN (231 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 33.33 ERN per hour (2.20 USD) |
Average Bonus | 500,000 KRW (375 USD) | 500 ERN (33 USD) |
Income Tax Rate | 0 to 10 % | 0 to 5 % |
Social Security Contributions | 5 % | 8 % |
Pension Contributions | 5 % | 6 % |
Cost of Living Index | 60 | 35 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 4,000 ERN (264 USD) |
If you lived in South Korea, you would earn 7.40 times more salary as compared to Eritrea.
Indicators | South Korea | Eritrea |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 200 ERN (13.20 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 150 ERN (9.90 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 100 ERN (6.60 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 150 ERN (9.90 USD) |
Professional Services cost 5.87 times more in South Korea, as compared to Eritrea.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Eritrea.
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