Published: Monday, 21th October 2024
The cost of living in South Korea is 5.47 times more expensive as compared to Madagascar.
On this page, you will find side-by-side cost comparison between South Korea and Madagascar. 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 Madagascar.
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Indicators | South Korea | Madagascar |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 350,000 MGA (80.50 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 500,000 MGA (115 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 750,000 MGA (172.50 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 150,000 MGA (34.50 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 250,000 MGA (57.50 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 400,000 MGA (92 USD) |
Mortgage Rates Per Month | 3 % | 2 % |
Realtor Commission | 1 % | 3 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 10.33 times more expensive than Madagascar.
Indicators | South Korea | Madagascar |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 2,000,000 MGA (460 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 50,000 MGA (11.50 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 25,000 MGA (5.75 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 20,000 MGA (4.60 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 20,000 MGA (4.60 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 236.11% more for Utilities.
The basic home furnishing in South Korea costs 3.26 times more compared to Madagascar.
Indicators | South Korea | Madagascar |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 30,000 MGA (6.90 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 20,000 MGA (4.60 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 15,000 MGA (3.45 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 25,000 MGA (5.75 USD) |
The internet and communication costs 226.09% more in South Korea compared to Madagascar.
Indicators | South Korea | Madagascar |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 5,000 MGA (1.15 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 2,500 MGA (0.58 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 1,500 MGA (0.35 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 2,000 MGA (0.46 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 4,000 MGA (0.92 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 20,000 MGA (4.60 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 12,000 MGA (2.76 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 2.45 times more expensive than the cost in Madagascar.
If you lived in South Korea, instead of Madagascar, you would have to pay 111.61% more for Groceries.
Indicators | South Korea | Madagascar |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 5,000 MGA (1.15 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 3,000 MGA (0.69 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 4,000 MGA (0.92 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 3,500 MGA (0.81 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 3,000 MGA (0.69 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 5,000 MGA (1.15 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 4,000 MGA (0.92 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 5,000 MGA (1.15 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 3.21 times more for Fruits and Vegetables.
Indicators | South Korea | Madagascar |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 20,000 MGA (4.60 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 70,000 MGA (16.10 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 12,000 MGA (2.76 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 3,000 MGA (0.69 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 2,500 MGA (0.58 USD) |
Pizza for One | 20,000 KRW (15 USD) | 20,000 MGA (4.60 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 25,000 MGA (5.75 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 12,000 MGA (2.76 USD) |
Dining-Out costs 124.99% more in South Korea compared to Madagascar.
Indicators | South Korea | Madagascar |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 25,000 MGA (5.75 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 7,000 MGA (1.61 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 3,500 MGA (0.81 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 5,000 MGA (1.15 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 40,000 MGA (9.20 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 60,000 MGA (13.80 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 2.14 times more for usual hard drinks.
Indicators | South Korea | Madagascar |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 50,000 MGA (11.50 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 1,000 MGA (0.23 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | 30,000 MGA (6.90 USD) |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 150,000 MGA (34.50 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 3,000 MGA (0.69 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 2,000 MGA (0.46 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 80,000 MGA (18.40 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 2,000 MGA (0.46 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 1,000 MGA (0.23 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 4.19 times more for transportation.
Indicators | South Korea | Madagascar |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 20,000,000 MGA (4,600 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 300,000 MGA (69 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 70,000 MGA (16.10 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 500,000 MGA (115 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 200,000 MGA (46 USD) |
Car Loan Interest Rates | 4 % | 12 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 3,500 MGA (0.81 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 13,000 MGA (2.99 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 4.78 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Madagascar.
Indicators | South Korea | Madagascar |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 40,000 MGA (9.20 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 80,000 MGA (18.40 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 60,000 MGA (13.80 USD) |
Eye Exam | 60,000 KRW (45 USD) | 30,000 MGA (6.90 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 60,000 MGA (13.80 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 40,000 MGA (9.20 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 50,000 MGA (11.50 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 150,000 MGA (34.50 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 200,000 MGA (46 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 30,000 MGA (6.90 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 15,000 MGA (3.45 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 10,000 MGA (2.30 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 100,000 MGA (23 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 30,000 MGA (6.90 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 4.37 times more for Health and Medical Treatment.
Indicators | South Korea | Madagascar |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 800,000 MGA (184 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 70,000 MGA (16.10 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 40,000 MGA (9.20 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 150,000 MGA (34.50 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 100,000 MGA (23 USD) |
Haircuts | 20,000 KRW (15 USD) | 20,000 MGA (4.60 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 40,000 MGA (9.20 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 4,000 MGA (0.92 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 2,000 MGA (0.46 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 2.81 times more for Personal Care Items and Treatment.
Indicators | South Korea | Madagascar |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 120,000 MGA (27.60 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 60,000 MGA (13.80 USD) |
Women's Dress | 80,000 KRW (60 USD) | 100,000 MGA (23 USD) |
Summer Dress | 40,000 KRW (30 USD) | 70,000 MGA (16.10 USD) |
Men's Suit | 500,000 KRW (375 USD) | 300,000 MGA (69 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 80,000 MGA (18.40 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 70,000 MGA (16.10 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 120,000 MGA (27.60 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 100,000 MGA (23 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 90,000 MGA (20.70 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 80,000 MGA (18.40 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 20,000 MGA (4.60 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 25,000 MGA (5.75 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 8,000 MGA (1.84 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 8,000 MGA (1.84 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 150,000 MGA (34.50 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 80,000 MGA (18.40 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 3.10 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Madagascar |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 40,000 MGA (9.20 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 50,000 MGA (11.50 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 80,000 MGA (18.40 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 100,000 MGA (23 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 90,000 MGA (20.70 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 40,000 MGA (9.20 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 80,000 MGA (18.40 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 50,000 MGA (11.50 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 150,000 MGA (34.50 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 7.34 times more for Childcare and kids clothing.
Indicators | South Korea | Madagascar |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 120,000 MGA (27.60 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 300,000 MGA (69 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 400,000 MGA (92 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 800,000 MGA (184 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 1,500,000 MGA (345 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 2,000,000 MGA (460 USD) |
After School Activities | 100,000 KRW (75 USD) | 50,000 MGA (11.50 USD) |
Special Education Services | 300,000 KRW (225 USD) | 100,000 MGA (23 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 40,000 MGA (9.20 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 50,000 MGA (11.50 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 30,000 MGA (6.90 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 5.43 times more for school and education.
Indicators | South Korea | Madagascar |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 8,000 MGA (1.84 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 15,000 MGA (3.45 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 20,000 MGA (4.60 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 30,000 MGA (6.90 USD) |
Gym Membership | 80,000 KRW (60 USD) | 50,000 MGA (11.50 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 20,000 MGA (4.60 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 4,000 MGA (0.92 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 5,000 MGA (1.15 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 15,000 MGA (3.45 USD) |
Bowling | 10,000 KRW (7.50 USD) | 20,000 MGA (4.60 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 15,000 MGA (3.45 USD) |
Video Games | 30,000 KRW (22.50 USD) | 80,000 MGA (18.40 USD) |
Streaming Services | 20,000 KRW (15 USD) | 20,000 MGA (4.60 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 15,000 MGA (3.45 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 200,000 MGA (46 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 3.42 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Madagascar |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 40,000 MGA (9.20 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 30,000 MGA (6.90 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 50,000 MGA (11.50 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 30,000 MGA (6.90 USD) |
Music Lessons | 40,000 KRW (30 USD) | 40,000 MGA (9.20 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 30,000 MGA (6.90 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 7,000 MGA (1.61 USD) |
Educational Software | 100,000 KRW (75 USD) | 60,000 MGA (13.80 USD) |
If you lived in South Korea, instead of Madagascar, you would have to pay 6.53 times more for Private Classes.
Indicators | South Korea | Madagascar |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 1,000,000 MGA (230 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 800,000 MGA (184 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 13,333.33 MGA per hour (3.07 USD) |
Average Bonus | 500,000 KRW (375 USD) | 150,000 MGA (34.50 USD) |
Income Tax Rate | 0 to 10 % | 0 to 20 % |
Social Security Contributions | 5 % | 5 % |
Pension Contributions | 5 % | 7 % |
Cost of Living Index | 60 | 50 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 1,200,000 MGA (276 USD) |
If you lived in South Korea, you would earn 8.74 times more salary as compared to Madagascar.
Indicators | South Korea | Madagascar |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 50,000 MGA (11.50 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 60,000 MGA (13.80 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 40,000 MGA (9.20 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 45,000 MGA (10.35 USD) |
Professional Services cost 5.18 times more in South Korea, as compared to Madagascar.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Madagascar.
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