Published: Monday, 21th October 2024
The cost of living in South Korea is 4.25 times more expensive as compared to Liberia.
On this page, you will find side-by-side cost comparison between South Korea and Liberia. 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 Liberia.
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Indicators | South Korea | Liberia |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 60,000 LRD (306 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 100,000 LRD (510 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 150,000 LRD (765 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 30,000 LRD (153 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 70,000 LRD (357 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 100,000 LRD (510 USD) |
Mortgage Rates Per Month | 3 % | 1.5 % |
Realtor Commission | 1 % | 5 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 2.26 times more expensive than Liberia.
Indicators | South Korea | Liberia |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 120,000 LRD (612 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 15,000 LRD (76.50 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 10,000 LRD (51 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 12,000 LRD (61.20 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 5,000 LRD (25.50 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 97.89% more for Utilities.
The basic home furnishing in South Korea costs 2.45 times more compared to Liberia.
Indicators | South Korea | Liberia |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 8,000 LRD (40.80 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 3,000 LRD (15.30 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 2,000 LRD (10.20 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 4,000 LRD (20.40 USD) |
The internet and communication costs 22.15% less in South Korea compared to Liberia.
Indicators | South Korea | Liberia |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 300 LRD (1.53 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 250 LRD (1.28 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 150 LRD (0.77 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 200 LRD (1.02 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 600 LRD (3.06 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 1,200 LRD (6.12 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 1,000 LRD (5.10 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.10 times more expensive than the cost in Liberia.
If you lived in South Korea, instead of Liberia, you would have to pay 21.22% more for Groceries.
Indicators | South Korea | Liberia |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 500 LRD (2.55 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 400 LRD (2.04 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 450 LRD (2.30 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 300 LRD (1.53 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 250 LRD (1.28 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 400 LRD (2.04 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 200 LRD (1.02 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 400 LRD (2.04 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 1.62 times more for Fruits and Vegetables.
Indicators | South Korea | Liberia |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 1,000 LRD (5.10 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 5,000 LRD (25.50 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 800 LRD (4.08 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 300 LRD (1.53 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 100 LRD (0.51 USD) |
Pizza for One | 20,000 KRW (15 USD) | 800 LRD (4.08 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 1,200 LRD (6.12 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 600 LRD (3.06 USD) |
Dining-Out costs 70.32% more in South Korea compared to Liberia.
Indicators | South Korea | Liberia |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 1,000 LRD (5.10 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 400 LRD (2.04 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 200 LRD (1.02 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 300 LRD (1.53 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 1,500 LRD (7.65 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 2,500 LRD (12.75 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 2.29 times more for usual hard drinks.
Indicators | South Korea | Liberia |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 3,000 LRD (15.30 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 100 LRD (0.51 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 15,000 LRD (76.50 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 500 LRD (2.55 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 200 LRD (1.02 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 5,000 LRD (25.50 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 50 LRD (0.26 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 30 LRD (0.15 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 2.52 times more for transportation.
Indicators | South Korea | Liberia |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 1,200,000 LRD (6,120 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 1,500 LRD (7.65 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 10,000 LRD (51 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 7,000 LRD (35.70 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 5,000 LRD (25.50 USD) |
Car Loan Interest Rates | 4 % | 10 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 200 LRD (1.02 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 750 LRD (3.83 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | 200 LRD 1.02 USD |
You would have to pay 3.71 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Liberia.
Indicators | South Korea | Liberia |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 5,000 LRD (25.50 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 10,000 LRD (51 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 8,000 LRD (40.80 USD) |
Eye Exam | 60,000 KRW (45 USD) | 3,000 LRD (15.30 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 5,000 LRD (25.50 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 4,000 LRD (20.40 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 3,000 LRD (15.30 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 7,000 LRD (35.70 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 20,000 LRD (102 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 1,000 LRD (5.10 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 2,000 LRD (10.20 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 500 LRD (2.55 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 10,000 LRD (51 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 2,000 LRD (10.20 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 2.19 times more for Health and Medical Treatment.
Indicators | South Korea | Liberia |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 30,000 LRD (153 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 2,000 LRD (10.20 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 1,500 LRD (7.65 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 6,000 LRD (30.60 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 4,000 LRD (20.40 USD) |
Haircuts | 20,000 KRW (15 USD) | 1,000 LRD (5.10 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 1,500 LRD (7.65 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 300 LRD (1.53 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 200 LRD (1.02 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 3.34 times more for Personal Care Items and Treatment.
Indicators | South Korea | Liberia |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 15,000 LRD (76.50 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 3,000 LRD (15.30 USD) |
Women's Dress | 80,000 KRW (60 USD) | 4,000 LRD (20.40 USD) |
Summer Dress | 40,000 KRW (30 USD) | 2,500 LRD (12.75 USD) |
Men's Suit | 500,000 KRW (375 USD) | 20,000 LRD (102 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 4,000 LRD (20.40 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 3,000 LRD (15.30 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 10,000 LRD (51 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 8,000 LRD (40.80 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 6,000 LRD (30.60 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 5,000 LRD (25.50 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 500 LRD (2.55 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 700 LRD (3.57 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 200 LRD (1.02 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 200 LRD (1.02 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 8,000 LRD (40.80 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 5,000 LRD (25.50 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 2.18 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Liberia |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 2,000 LRD (10.20 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 3,000 LRD (15.30 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 5,000 LRD (25.50 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 2,000 LRD (10.20 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 1,800 LRD (9.18 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 1,500 LRD (7.65 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 2,000 LRD (10.20 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 3,000 LRD (15.30 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 4,000 LRD (20.40 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 9.26 times more for Childcare and kids clothing.
Indicators | South Korea | Liberia |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 1,500 LRD (7.65 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 4,000 LRD (20.40 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 5,000 LRD (25.50 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 10,000 LRD (51 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 15,000 LRD (76.50 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 25,000 LRD (127.50 USD) |
After School Activities | 100,000 KRW (75 USD) | 2,000 LRD (10.20 USD) |
Special Education Services | 300,000 KRW (225 USD) | 4,000 LRD (20.40 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 800 LRD (4.08 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 3,000 LRD (15.30 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 1,000 LRD (5.10 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 18.52 times more for school and education.
Indicators | South Korea | Liberia |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 500 LRD (2.55 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 1,000 LRD (5.10 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 2,000 LRD (10.20 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 800 LRD (4.08 USD) |
Gym Membership | 80,000 KRW (60 USD) | 3,000 LRD (15.30 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 1,500 LRD (7.65 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 200 LRD (1.02 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 300 LRD (1.53 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 500 LRD (2.55 USD) |
Bowling | 10,000 KRW (7.50 USD) | 200 LRD (1.02 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 100 LRD (0.51 USD) |
Video Games | 30,000 KRW (22.50 USD) | 2,000 LRD (10.20 USD) |
Streaming Services | 20,000 KRW (15 USD) | 1,000 LRD (5.10 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 500 LRD (2.55 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 3,000 LRD (15.30 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 4.80 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Liberia |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 800 LRD (4.08 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 600 LRD (3.06 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 400 LRD (2.04 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 500 LRD (2.55 USD) |
Music Lessons | 40,000 KRW (30 USD) | 600 LRD (3.06 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 500 LRD (2.55 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 300 LRD (1.53 USD) |
Educational Software | 100,000 KRW (75 USD) | 300 LRD (1.53 USD) |
If you lived in South Korea, instead of Liberia, you would have to pay 21.14 times more for Private Classes.
Indicators | South Korea | Liberia |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 15,000 LRD (76.50 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 12,000 LRD (61.20 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 200 LRD per hour (1.02 USD) |
Average Bonus | 500,000 KRW (375 USD) | 2,000 LRD (10.20 USD) |
Income Tax Rate | 0 to 10 % | 0 to 10 % |
Social Security Contributions | 5 % | 7 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 60 | 45 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 18,000 LRD (91.80 USD) |
If you lived in South Korea, you would earn 26.43 times more salary as compared to Liberia.
Indicators | South Korea | Liberia |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 1,000 LRD (5.10 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 800 LRD (4.08 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 700 LRD (3.57 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 500 LRD (2.55 USD) |
Professional Services cost 15.20 times more in South Korea, as compared to Liberia.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Liberia.
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