Published: Monday, 21th October 2024
The cost of living in South Korea is 1.51 times more expensive as compared to Gambia.
On this page, you will find side-by-side cost comparison between South Korea and Gambia. 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 Gambia.
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Indicators | South Korea | Gambia |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 15,000 GMD (225 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 25,000 GMD (375 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 35,000 GMD (525 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 10,000 GMD (150 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 15,000 GMD (225 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 20,000 GMD (300 USD) |
Mortgage Rates Per Month | 3 % | 6 % |
Realtor Commission | 1 % | 5 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 3.17 times more expensive than Gambia.
Indicators | South Korea | Gambia |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 50,000 GMD (750 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 5,000 GMD (75 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 3,000 GMD (45 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 2,500 GMD (37.50 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 3,000 GMD (45 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 71.65% more for Utilities.
The basic home furnishing in South Korea costs 2.00 times more compared to Gambia.
Indicators | South Korea | Gambia |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 4,000 GMD (60 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 2,500 GMD (37.50 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 2,500 GMD (37.50 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 3,500 GMD (52.50 USD) |
The internet and communication costs 64.00% less in South Korea compared to Gambia.
Indicators | South Korea | Gambia |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 150 GMD (2.25 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 100 GMD (1.50 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 50 GMD (0.75 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 50 GMD (0.75 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 120 GMD (1.80 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 300 GMD (4.50 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 400 GMD (6 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.00 times less expensive than the cost in Gambia.
If you lived in South Korea, instead of Gambia, you would have to pay 30.34% more for Groceries.
Indicators | South Korea | Gambia |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 150 GMD (2.25 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 100 GMD (1.50 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 120 GMD (1.80 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 150 GMD (2.25 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 120 GMD (1.80 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 150 GMD (2.25 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 120 GMD (1.80 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 200 GMD (3 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 1.44 times more for Fruits and Vegetables.
Indicators | South Korea | Gambia |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 500 GMD (7.50 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 1,500 GMD (22.50 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 400 GMD (6 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 100 GMD (1.50 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 50 GMD (0.75 USD) |
Pizza for One | 20,000 KRW (15 USD) | 1,000 GMD (15 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 1,500 GMD (22.50 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 400 GMD (6 USD) |
Dining-Out costs 4.13% more in South Korea compared to Gambia.
Indicators | South Korea | Gambia |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 1,500 GMD (22.50 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 300 GMD (4.50 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 150 GMD (2.25 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 200 GMD (3 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 1,000 GMD (15 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 1,500 GMD (22.50 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 1.01 times less for usual hard drinks.
Indicators | South Korea | Gambia |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 1,500 GMD (22.50 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 25 GMD (0.38 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 50,000 GMD (750 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 100 GMD (1.50 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 25 GMD (0.38 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 5,000 GMD (75 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 100 GMD (1.50 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 50 GMD (0.75 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 2.77 times less for transportation.
Indicators | South Korea | Gambia |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 1,500,000 GMD (22,500 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 5,000 GMD (75 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 1,000 GMD (15 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 10,000 GMD (150 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 5,000 GMD (75 USD) |
Car Loan Interest Rates | 4 % | 7 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 80 GMD (1.20 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 300 GMD (4.50 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 1.02 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Gambia.
Indicators | South Korea | Gambia |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 1,500 GMD (22.50 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 3,000 GMD (45 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 2,000 GMD (30 USD) |
Eye Exam | 60,000 KRW (45 USD) | 1,000 GMD (15 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 1,500 GMD (22.50 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 1,000 GMD (15 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 1,000 GMD (15 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 2,500 GMD (37.50 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 5,000 GMD (75 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 500 GMD (7.50 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 500 GMD (7.50 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 200 GMD (3 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 15,000 GMD (225 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 5,000 GMD (75 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 1.51 times more for Health and Medical Treatment.
Indicators | South Korea | Gambia |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 3,000 GMD (45 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 1,500 GMD (22.50 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 500 GMD (7.50 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 800 GMD (12 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 1,000 GMD (15 USD) |
Haircuts | 20,000 KRW (15 USD) | 300 GMD (4.50 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 1,000 GMD (15 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 150 GMD (2.25 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 100 GMD (1.50 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 6.32 times more for Personal Care Items and Treatment.
Indicators | South Korea | Gambia |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 1,500 GMD (22.50 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 300 GMD (4.50 USD) |
Women's Dress | 80,000 KRW (60 USD) | 600 GMD (9 USD) |
Summer Dress | 40,000 KRW (30 USD) | 500 GMD (7.50 USD) |
Men's Suit | 500,000 KRW (375 USD) | 5,000 GMD (75 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 600 GMD (9 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 600 GMD (9 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 1,000 GMD (15 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 1,000 GMD (15 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 800 GMD (12 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 800 GMD (12 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 150 GMD (2.25 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 200 GMD (3 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 50 GMD (0.75 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 60 GMD (0.90 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 800 GMD (12 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 400 GMD (6 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 4.91 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Gambia |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 300 GMD (4.50 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 400 GMD (6 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 600 GMD (9 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 10,000 GMD (150 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 8,000 GMD (120 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 500 GMD (7.50 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 8,000 GMD (120 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 5,000 GMD (75 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 10,000 GMD (150 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 1.79 times more for Childcare and kids clothing.
Indicators | South Korea | Gambia |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 5,000 GMD (75 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 10,000 GMD (150 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 15,000 GMD (225 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 20,000 GMD (300 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 50,000 GMD (750 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 70,000 GMD (1,050 USD) |
After School Activities | 100,000 KRW (75 USD) | 5,000 GMD (75 USD) |
Special Education Services | 300,000 KRW (225 USD) | 5,000 GMD (75 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 2,500 GMD (37.50 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 1,000 GMD (15 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 500 GMD (7.50 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 2.44 times more for school and education.
Indicators | South Korea | Gambia |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 150 GMD (2.25 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 300 GMD (4.50 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 500 GMD (7.50 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 300 GMD (4.50 USD) |
Gym Membership | 80,000 KRW (60 USD) | 500 GMD (7.50 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 400 GMD (6 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 100 GMD (1.50 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 150 GMD (2.25 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 300 GMD (4.50 USD) |
Bowling | 10,000 KRW (7.50 USD) | 200 GMD (3 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 100 GMD (1.50 USD) |
Video Games | 30,000 KRW (22.50 USD) | 1,000 GMD (15 USD) |
Streaming Services | 20,000 KRW (15 USD) | 500 GMD (7.50 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 200 GMD (3 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 3,000 GMD (45 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 3.52 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Gambia |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 2,500 GMD (37.50 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 1,000 GMD (15 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 300 GMD (4.50 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 200 GMD (3 USD) |
Music Lessons | 40,000 KRW (30 USD) | 500 GMD (7.50 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 600 GMD (9 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 100 GMD (1.50 USD) |
Educational Software | 100,000 KRW (75 USD) | 2,000 GMD (30 USD) |
If you lived in South Korea, instead of Gambia, you would have to pay 3.99 times more for Private Classes.
Indicators | South Korea | Gambia |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 25,000 GMD (375 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 20,000 GMD (300 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 333.33 GMD per hour (5 USD) |
Average Bonus | 500,000 KRW (375 USD) | 5,000 GMD (75 USD) |
Income Tax Rate | 0 to 10 % | 0 to 15 % |
Social Security Contributions | 5 % | 4 % |
Pension Contributions | 5 % | 2 % |
Cost of Living Index | 60 | 35 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 100,000 GMD (1,500 USD) |
If you lived in South Korea, you would earn 2.82 times more salary as compared to Gambia.
Indicators | South Korea | Gambia |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 1,000 GMD (15 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 800 GMD (12 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 700 GMD (10.50 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 600 GMD (9 USD) |
Professional Services cost 5.00 times more in South Korea, as compared to Gambia.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Gambia.
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