Published: Monday, 21th October 2024
The cost of living in South Korea is 6.03 times more expensive as compared to Ethiopia.
On this page, you will find side-by-side cost comparison between South Korea and Ethiopia. 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 Ethiopia.
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Indicators | South Korea | Ethiopia |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 10,000 ETB (180 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 20,000 ETB (360 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 30,000 ETB (540 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 7,000 ETB (126 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 15,000 ETB (270 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 25,000 ETB (450 USD) |
Mortgage Rates Per Month | 3 % | 6 % |
Realtor Commission | 1 % | 2 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 3.17 times more expensive than Ethiopia.
Indicators | South Korea | Ethiopia |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 50,000 ETB (900 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 1,500 ETB (27 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 1,200 ETB (21.60 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 800 ETB (14.40 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 600 ETB (10.80 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 67.90% more for Utilities.
The basic home furnishing in South Korea costs 1.67 times more compared to Ethiopia.
Indicators | South Korea | Ethiopia |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 1,000 ETB (18 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 300 ETB (5.40 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 500 ETB (9 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 800 ETB (14.40 USD) |
The internet and communication costs 44.23% more in South Korea compared to Ethiopia.
Indicators | South Korea | Ethiopia |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 15 ETB (0.27 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 10 ETB (0.18 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 3 ETB (0.05 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 8 ETB (0.14 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 12 ETB (0.22 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 30 ETB (0.54 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 25 ETB (0.45 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 9.62 times more expensive than the cost in Ethiopia.
If you lived in South Korea, instead of Ethiopia, you would have to pay 1133.82% more for Groceries.
Indicators | South Korea | Ethiopia |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 15 ETB (0.27 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 10 ETB (0.18 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 12 ETB (0.22 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 15 ETB (0.27 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 10 ETB (0.18 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 15 ETB (0.27 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 12 ETB (0.22 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 15 ETB (0.27 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 12.82 times more for Fruits and Vegetables.
Indicators | South Korea | Ethiopia |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 60 ETB (1.08 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 150 ETB (2.70 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 30 ETB (0.54 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 15 ETB (0.27 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 10 ETB (0.18 USD) |
Pizza for One | 20,000 KRW (15 USD) | 150 ETB (2.70 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 100 ETB (1.80 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 50 ETB (0.90 USD) |
Dining-Out costs 737.02% more in South Korea compared to Ethiopia.
Indicators | South Korea | Ethiopia |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 150 ETB (2.70 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 80 ETB (1.44 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 20 ETB (0.36 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 30 ETB (0.54 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 100 ETB (1.80 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 200 ETB (3.60 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 6.61 times more for usual hard drinks.
Indicators | South Korea | Ethiopia |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 200 ETB (3.60 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 15 ETB (0.27 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | 7,500 ETB (135 USD) |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | Yet to Update () |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 30 ETB (0.54 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 10 ETB (0.18 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 1,500 ETB (27 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 20 ETB (0.36 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 10 ETB (0.18 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 1.84 times more for transportation.
Indicators | South Korea | Ethiopia |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 100,000 ETB (1,800 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 2,000 ETB (36 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 500 ETB (9 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 5,000 ETB (90 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 1,000 ETB (18 USD) |
Car Loan Interest Rates | 4 % | 10 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 15 ETB (0.27 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 60 ETB (1.08 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 11.86 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Ethiopia.
Indicators | South Korea | Ethiopia |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 200 ETB (3.60 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 300 ETB (5.40 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 250 ETB (4.50 USD) |
Eye Exam | 60,000 KRW (45 USD) | 150 ETB (2.70 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 200 ETB (3.60 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 80 ETB (1.44 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 150 ETB (2.70 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 300 ETB (5.40 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 800 ETB (14.40 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 50 ETB (0.90 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 100 ETB (1.80 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 50 ETB (0.90 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 1,000 ETB (18 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 500 ETB (9 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 12.11 times more for Health and Medical Treatment.
Indicators | South Korea | Ethiopia |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 1,000 ETB (18 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 500 ETB (9 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 150 ETB (2.70 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 300 ETB (5.40 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 150 ETB (2.70 USD) |
Haircuts | 20,000 KRW (15 USD) | 100 ETB (1.80 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 150 ETB (2.70 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 15 ETB (0.27 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 10 ETB (0.18 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 18.53 times more for Personal Care Items and Treatment.
Indicators | South Korea | Ethiopia |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 2,000 ETB (36 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 600 ETB (10.80 USD) |
Women's Dress | 80,000 KRW (60 USD) | 1,500 ETB (27 USD) |
Summer Dress | 40,000 KRW (30 USD) | 800 ETB (14.40 USD) |
Men's Suit | 500,000 KRW (375 USD) | 8,000 ETB (144 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 1,200 ETB (21.60 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 1,000 ETB (18 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 2,000 ETB (36 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 1,500 ETB (27 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 1,500 ETB (27 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 1,200 ETB (21.60 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 200 ETB (3.60 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 200 ETB (3.60 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 50 ETB (0.90 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 50 ETB (0.90 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 1,500 ETB (27 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 1,000 ETB (18 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 2.42 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Ethiopia |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 600 ETB (10.80 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 800 ETB (14.40 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 1,000 ETB (18 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 3,000 ETB (54 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 2,500 ETB (45 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 400 ETB (7.20 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 1,500 ETB (27 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 500 ETB (9 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 1,000 ETB (18 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 5.64 times more for Childcare and kids clothing.
Indicators | South Korea | Ethiopia |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 2,000 ETB (36 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 10,000 ETB (180 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 12,000 ETB (216 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 15,000 ETB (270 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 25,000 ETB (450 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 35,000 ETB (630 USD) |
After School Activities | 100,000 KRW (75 USD) | 500 ETB (9 USD) |
Special Education Services | 300,000 KRW (225 USD) | 800 ETB (14.40 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 800 ETB (14.40 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 200 ETB (3.60 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 100 ETB (1.80 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 3.69 times more for school and education.
Indicators | South Korea | Ethiopia |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 20 ETB (0.36 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 50 ETB (0.90 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 70 ETB (1.26 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 100 ETB (1.80 USD) |
Gym Membership | 80,000 KRW (60 USD) | 200 ETB (3.60 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 150 ETB (2.70 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 20 ETB (0.36 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 30 ETB (0.54 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 60 ETB (1.08 USD) |
Bowling | 10,000 KRW (7.50 USD) | 30 ETB (0.54 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 20 ETB (0.36 USD) |
Video Games | 30,000 KRW (22.50 USD) | 150 ETB (2.70 USD) |
Streaming Services | 20,000 KRW (15 USD) | 20 ETB (0.36 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 30 ETB (0.54 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 1,000 ETB (18 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 11.58 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Ethiopia |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 500 ETB (9 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 300 ETB (5.40 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 80 ETB (1.44 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 20 ETB (0.36 USD) |
Music Lessons | 40,000 KRW (30 USD) | 40 ETB (0.72 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 50 ETB (0.90 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 20 ETB (0.36 USD) |
Educational Software | 100,000 KRW (75 USD) | 200 ETB (3.60 USD) |
If you lived in South Korea, instead of Ethiopia, you would have to pay 19.80 times more for Private Classes.
Indicators | South Korea | Ethiopia |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 15,000 ETB (270 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 10,000 ETB (180 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 66.67 ETB per hour (1.20 USD) |
Average Bonus | 500,000 KRW (375 USD) | 1,000 ETB (18 USD) |
Income Tax Rate | 0 to 10 % | 0 to 15 % |
Social Security Contributions | 5 % | 7 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 60 | 70 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 12,000 ETB (216 USD) |
If you lived in South Korea, you would earn 9.29 times more salary as compared to Ethiopia.
Indicators | South Korea | Ethiopia |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 300 ETB (5.40 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 250 ETB (4.50 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 200 ETB (3.60 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 250 ETB (4.50 USD) |
Professional Services cost 12.92 times more in South Korea, as compared to Ethiopia.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Ethiopia.
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