Published: Monday, 21th October 2024
The cost of living in South Korea is 1.63 times more expensive as compared to Maldives.
On this page, you will find side-by-side cost comparison between South Korea and Maldives. 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 Maldives.
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Indicators | South Korea | Maldives |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 10,000 MVR (650 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 20,000 MVR (1,300 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 30,000 MVR (1,950 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 6,000 MVR (390 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 12,000 MVR (780 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 18,000 MVR (1,170 USD) |
Mortgage Rates Per Month | 3 % | 12 % |
Realtor Commission | 1 % | 2 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 1.07 times less expensive than Maldives.
Indicators | South Korea | Maldives |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 20,000 MVR (1,300 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 800 MVR (52 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 300 MVR (19.50 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 250 MVR (16.25 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 300 MVR (19.50 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 16.18% more for Utilities.
The basic home furnishing in South Korea costs 1.15 times more compared to Maldives.
Indicators | South Korea | Maldives |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 300 MVR (19.50 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 200 MVR (13 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 100 MVR (6.50 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 300 MVR (19.50 USD) |
The internet and communication costs 15.38% more in South Korea compared to Maldives.
Indicators | South Korea | Maldives |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 20 MVR (1.30 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 15 MVR (0.98 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 2 MVR (0.13 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 10 MVR (0.65 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 25 MVR (1.63 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 60 MVR (3.90 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 50 MVR (3.25 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 2.04 times more expensive than the cost in Maldives.
If you lived in South Korea, instead of Maldives, you would have to pay 93.36% more for Groceries.
Indicators | South Korea | Maldives |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 25 MVR (1.63 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 15 MVR (0.98 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 20 MVR (1.30 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 15 MVR (0.98 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 10 MVR (0.65 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 25 MVR (1.63 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 15 MVR (0.98 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 20 MVR (1.30 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 2.55 times more for Fruits and Vegetables.
Indicators | South Korea | Maldives |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 60 MVR (3.90 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 200 MVR (13 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 50 MVR (3.25 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 25 MVR (1.63 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 10 MVR (0.65 USD) |
Pizza for One | 20,000 KRW (15 USD) | 80 MVR (5.20 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 80 MVR (5.20 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 50 MVR (3.25 USD) |
Dining-Out costs 135.97% more in South Korea compared to Maldives.
Indicators | South Korea | Maldives |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 150 MVR (9.75 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 50 MVR (3.25 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 20 MVR (1.30 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 40 MVR (2.60 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 100 MVR (6.50 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 200 MVR (13 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 1.90 times more for usual hard drinks.
Indicators | South Korea | Maldives |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 300 MVR (19.50 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 10 MVR (0.65 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 1,500 MVR (97.50 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 30 MVR (1.95 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 10 MVR (0.65 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 200 MVR (13 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 20 MVR (1.30 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 10 MVR (0.65 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 2.27 times more for transportation.
Indicators | South Korea | Maldives |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 100,000 MVR (6,500 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 1,000 MVR (65 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 500 MVR (32.50 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 5,000 MVR (325 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 3,000 MVR (195 USD) |
Car Loan Interest Rates | 4 % | 6 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 20 MVR (1.30 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 80 MVR (5.20 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 3.25 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Maldives.
Indicators | South Korea | Maldives |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 300 MVR (19.50 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 500 MVR (32.50 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 400 MVR (26 USD) |
Eye Exam | 60,000 KRW (45 USD) | 200 MVR (13 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 500 MVR (32.50 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 400 MVR (26 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 500 MVR (32.50 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 1,000 MVR (65 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 2,000 MVR (130 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 300 MVR (19.50 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 150 MVR (9.75 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 50 MVR (3.25 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 800 MVR (52 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 300 MVR (19.50 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 1.87 times more for Health and Medical Treatment.
Indicators | South Korea | Maldives |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 2,000 MVR (130 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 500 MVR (32.50 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 150 MVR (9.75 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 800 MVR (52 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 300 MVR (19.50 USD) |
Haircuts | 20,000 KRW (15 USD) | 100 MVR (6.50 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 400 MVR (26 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 30 MVR (1.95 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 15 MVR (0.98 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 2.84 times more for Personal Care Items and Treatment.
Indicators | South Korea | Maldives |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 800 MVR (52 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 200 MVR (13 USD) |
Women's Dress | 80,000 KRW (60 USD) | 400 MVR (26 USD) |
Summer Dress | 40,000 KRW (30 USD) | 300 MVR (19.50 USD) |
Men's Suit | 500,000 KRW (375 USD) | 1,000 MVR (65 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 400 MVR (26 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 400 MVR (26 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 400 MVR (26 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 400 MVR (26 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 300 MVR (19.50 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 300 MVR (19.50 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 50 MVR (3.25 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 60 MVR (3.90 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 20 MVR (1.30 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 20 MVR (1.30 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 800 MVR (52 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 400 MVR (26 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 2.60 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Maldives |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 200 MVR (13 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 300 MVR (19.50 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 400 MVR (26 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 2,000 MVR (130 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 1,800 MVR (117 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 800 MVR (52 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 1,500 MVR (97.50 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 1,500 MVR (97.50 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 3,000 MVR (195 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 1.54 times more for Childcare and kids clothing.
Indicators | South Korea | Maldives |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 3,000 MVR (195 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 6,000 MVR (390 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 10,000 MVR (650 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 15,000 MVR (975 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 50,000 MVR (3,250 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 80,000 MVR (5,200 USD) |
After School Activities | 100,000 KRW (75 USD) | 1,500 MVR (97.50 USD) |
Special Education Services | 300,000 KRW (225 USD) | 2,000 MVR (130 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 800 MVR (52 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 500 MVR (32.50 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 300 MVR (19.50 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 1.63 times less for school and education.
Indicators | South Korea | Maldives |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 150 MVR (9.75 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 250 MVR (16.25 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 300 MVR (19.50 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 500 MVR (32.50 USD) |
Gym Membership | 80,000 KRW (60 USD) | 300 MVR (19.50 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 200 MVR (13 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 50 MVR (3.25 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 100 MVR (6.50 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 200 MVR (13 USD) |
Bowling | 10,000 KRW (7.50 USD) | 80 MVR (5.20 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 60 MVR (3.90 USD) |
Video Games | 30,000 KRW (22.50 USD) | 500 MVR (32.50 USD) |
Streaming Services | 20,000 KRW (15 USD) | 100 MVR (6.50 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 100 MVR (6.50 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 2,000 MVR (130 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 1.28 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Maldives |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 1,200 MVR (78 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 800 MVR (52 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 400 MVR (26 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 150 MVR (9.75 USD) |
Music Lessons | 40,000 KRW (30 USD) | 300 MVR (19.50 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 300 MVR (19.50 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 100 MVR (6.50 USD) |
Educational Software | 100,000 KRW (75 USD) | 1,000 MVR (65 USD) |
If you lived in South Korea, instead of Maldives, you would have to pay 1.56 times more for Private Classes.
Indicators | South Korea | Maldives |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 15,000 MVR (975 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 12,000 MVR (780 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 133.33 MVR per hour (8.67 USD) |
Average Bonus | 500,000 KRW (375 USD) | 1,000 MVR (65 USD) |
Income Tax Rate | 0 to 10 % | 0 to 6 % |
Social Security Contributions | 5 % | 8 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 60 | 70 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 10,000 MVR (650 USD) |
If you lived in South Korea, you would earn 2.57 times more salary as compared to Maldives.
Indicators | South Korea | Maldives |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 800 MVR (52 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 600 MVR (39 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 500 MVR (32.50 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 600 MVR (39 USD) |
Professional Services cost 1.43 times more in South Korea, as compared to Maldives.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Maldives.
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