Published: Monday, 21th October 2024
The cost of living in South Korea is 1.27 times more expensive as compared to Malawi.
On this page, you will find side-by-side cost comparison between South Korea and Malawi. 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 Malawi.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
Indicators | South Korea | Malawi |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 400,000 MWK (356 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 700,000 MWK (623 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 1,200,000 MWK (1,068 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 150,000 MWK (133.50 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 300,000 MWK (267 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 500,000 MWK (445 USD) |
Mortgage Rates Per Month | 3 % | 1.5 % |
Realtor Commission | 1 % | 3 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 1.95 times more expensive than Malawi.
Indicators | South Korea | Malawi |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 2,000,000 MWK (1,780 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 40,000 MWK (35.60 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 20,000 MWK (17.80 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 15,000 MWK (13.35 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 15,000 MWK (13.35 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 12.10% less for Utilities.
The basic home furnishing in South Korea costs 1.19 times less compared to Malawi.
Indicators | South Korea | Malawi |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 25,000 MWK (22.25 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 15,000 MWK (13.35 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 10,000 MWK (8.90 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 20,000 MWK (17.80 USD) |
The internet and communication costs 8.35% more in South Korea compared to Malawi.
Indicators | South Korea | Malawi |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 3,000 MWK (2.67 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 1,500 MWK (1.33 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 1,000 MWK (0.89 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 1,000 MWK (0.89 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 2,000 MWK (1.78 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 12,000 MWK (10.68 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 10,000 MWK (8.90 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.01 times more expensive than the cost in Malawi.
If you lived in South Korea, instead of Malawi, you would have to pay 15.73% less for Groceries.
Indicators | South Korea | Malawi |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 4,000 MWK (3.56 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 2,500 MWK (2.23 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 3,000 MWK (2.67 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 2,500 MWK (2.23 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 2,000 MWK (1.78 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 3,500 MWK (3.11 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 2,500 MWK (2.23 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 3,500 MWK (3.11 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.15 times more for Fruits and Vegetables.
Indicators | South Korea | Malawi |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 10,000 MWK (8.90 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 35,000 MWK (31.15 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 8,000 MWK (7.12 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 1,500 MWK (1.33 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 1,000 MWK (0.89 USD) |
Pizza for One | 20,000 KRW (15 USD) | 15,000 MWK (13.35 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 20,000 MWK (17.80 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 6,000 MWK (5.34 USD) |
Dining-Out costs 0.88% less in South Korea compared to Malawi.
Indicators | South Korea | Malawi |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 15,000 MWK (13.35 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 5,000 MWK (4.45 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 2,000 MWK (1.78 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 3,000 MWK (2.67 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 20,000 MWK (17.80 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 30,000 MWK (26.70 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.03 times more for usual hard drinks.
Indicators | South Korea | Malawi |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 30,000 MWK (26.70 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 500 MWK (0.44 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 200,000 MWK (178 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 1,500 MWK (1.33 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 800 MWK (0.71 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 50,000 MWK (44.50 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 1,000 MWK (0.89 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 500 MWK (0.44 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.21 times more for transportation.
Indicators | South Korea | Malawi |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 30,000,000 MWK (26,700 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 100,000 MWK (89 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 50,000 MWK (44.50 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 200,000 MWK (178 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 100,000 MWK (89 USD) |
Car Loan Interest Rates | 4 % | 15 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 1,500 MWK (1.33 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 6,000 MWK (5.34 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 1.17 times less for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Malawi.
Indicators | South Korea | Malawi |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 30,000 MWK (26.70 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 60,000 MWK (53.40 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 40,000 MWK (35.60 USD) |
Eye Exam | 60,000 KRW (45 USD) | 20,000 MWK (17.80 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 50,000 MWK (44.50 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 25,000 MWK (22.25 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 40,000 MWK (35.60 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 100,000 MWK (89 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 150,000 MWK (133.50 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 20,000 MWK (17.80 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 10,000 MWK (8.90 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 5,000 MWK (4.45 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 80,000 MWK (71.20 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 20,000 MWK (17.80 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.56 times more for Health and Medical Treatment.
Indicators | South Korea | Malawi |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 700,000 MWK (623 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 50,000 MWK (44.50 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 30,000 MWK (26.70 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 100,000 MWK (89 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 70,000 MWK (62.30 USD) |
Haircuts | 20,000 KRW (15 USD) | 15,000 MWK (13.35 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 30,000 MWK (26.70 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 2,500 MWK (2.23 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 1,000 MWK (0.89 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.12 times less for Personal Care Items and Treatment.
Indicators | South Korea | Malawi |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 100,000 MWK (89 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 50,000 MWK (44.50 USD) |
Women's Dress | 80,000 KRW (60 USD) | 80,000 MWK (71.20 USD) |
Summer Dress | 40,000 KRW (30 USD) | 50,000 MWK (44.50 USD) |
Men's Suit | 500,000 KRW (375 USD) | 250,000 MWK (222.50 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 60,000 MWK (53.40 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 50,000 MWK (44.50 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 90,000 MWK (80.10 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 80,000 MWK (71.20 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 70,000 MWK (62.30 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 60,000 MWK (53.40 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 15,000 MWK (13.35 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 20,000 MWK (17.80 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 5,000 MWK (4.45 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 5,000 MWK (4.45 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 100,000 MWK (89 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 60,000 MWK (53.40 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.04 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Malawi |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 30,000 MWK (26.70 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 40,000 MWK (35.60 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 60,000 MWK (53.40 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 70,000 MWK (62.30 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 60,000 MWK (53.40 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 20,000 MWK (17.80 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 50,000 MWK (44.50 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 25,000 MWK (22.25 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 100,000 MWK (89 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 2.83 times more for Childcare and kids clothing.
Indicators | South Korea | Malawi |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 90,000 MWK (80.10 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 200,000 MWK (178 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 300,000 MWK (267 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 600,000 MWK (534 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 1,200,000 MWK (1,068 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 1,500,000 MWK (1,335 USD) |
After School Activities | 100,000 KRW (75 USD) | 25,000 MWK (22.25 USD) |
Special Education Services | 300,000 KRW (225 USD) | 50,000 MWK (44.50 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 20,000 MWK (17.80 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 25,000 MWK (22.25 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 15,000 MWK (13.35 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.88 times more for school and education.
Indicators | South Korea | Malawi |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 2,000 MWK (1.78 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 5,000 MWK (4.45 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 10,000 MWK (8.90 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 15,000 MWK (13.35 USD) |
Gym Membership | 80,000 KRW (60 USD) | 30,000 MWK (26.70 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 10,000 MWK (8.90 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 2,000 MWK (1.78 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 3,000 MWK (2.67 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 10,000 MWK (8.90 USD) |
Bowling | 10,000 KRW (7.50 USD) | 15,000 MWK (13.35 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 10,000 MWK (8.90 USD) |
Video Games | 30,000 KRW (22.50 USD) | 60,000 MWK (53.40 USD) |
Streaming Services | 20,000 KRW (15 USD) | 15,000 MWK (13.35 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 10,000 MWK (8.90 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 150,000 MWK (133.50 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 1.32 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Malawi |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 30,000 MWK (26.70 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 20,000 MWK (17.80 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 35,000 MWK (31.15 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 20,000 MWK (17.80 USD) |
Music Lessons | 40,000 KRW (30 USD) | 30,000 MWK (26.70 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 25,000 MWK (22.25 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 5,000 MWK (4.45 USD) |
Educational Software | 100,000 KRW (75 USD) | 50,000 MWK (44.50 USD) |
If you lived in South Korea, instead of Malawi, you would have to pay 2.25 times more for Private Classes.
Indicators | South Korea | Malawi |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 300,000 MWK (267 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 200,000 MWK (178 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 1,666.67 MWK per hour (1.48 USD) |
Average Bonus | 500,000 KRW (375 USD) | 20,000 MWK (17.80 USD) |
Income Tax Rate | 0 to 10 % | 0 to 16.5 % |
Social Security Contributions | 5 % | 5 % |
Pension Contributions | 5 % | 10 % |
Cost of Living Index | 60 | 45 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 250,000 MWK (222.50 USD) |
If you lived in South Korea, you would earn 9.26 times more salary as compared to Malawi.
Indicators | South Korea | Malawi |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 50,000 MWK (44.50 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 60,000 MWK (53.40 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 40,000 MWK (35.60 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 45,000 MWK (40.05 USD) |
Professional Services cost 1.34 times more in South Korea, as compared to Malawi.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Malawi.
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