Published: Monday, 21th October 2024
The cost of living in South Korea is 3.83 times more expensive as compared to Mongolia.
On this page, you will find side-by-side cost comparison between South Korea and Mongolia. 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 Mongolia.
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 | Mongolia |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 800,000 MNT (232 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 1,200,000 MNT (348 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 1,600,000 MNT (464 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 500,000 MNT (145 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 800,000 MNT (232 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 1,200,000 MNT (348 USD) |
Mortgage Rates Per Month | 3 % | 1.3 % |
Realtor Commission | 1 % | 2 % |
Property Taxes | 0.15 to 0.5 % | 0.6 % |
The average housing cost in South Korea is 3.32 times more expensive than Mongolia.
Indicators | South Korea | Mongolia |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 3,000,000 MNT (870 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 50,000 MNT (14.50 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 70,000 MNT (20.30 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 30,000 MNT (8.70 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 30,000 MNT (8.70 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 77.29% more for Utilities.
The basic home furnishing in South Korea costs 1.72 times more compared to Mongolia.
Indicators | South Korea | Mongolia |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 40,000 MNT (11.60 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 30,000 MNT (8.70 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 15,000 MNT (4.35 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 20,000 MNT (5.80 USD) |
The internet and communication costs 121.67% more in South Korea compared to Mongolia.
Indicators | South Korea | Mongolia |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 3,000 MNT (0.87 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 1,500 MNT (0.43 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 1,000 MNT (0.29 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 2,000 MNT (0.58 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 4,000 MNT (1.16 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 7,000 MNT (2.03 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 8,000 MNT (2.32 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 3.10 times more expensive than the cost in Mongolia.
If you lived in South Korea, instead of Mongolia, you would have to pay 197.66% more for Groceries.
Indicators | South Korea | Mongolia |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 4,000 MNT (1.16 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 3,000 MNT (0.87 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 3,500 MNT (1.01 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 3,000 MNT (0.87 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 2,000 MNT (0.58 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 4,500 MNT (1.30 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 2,500 MNT (0.72 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 4,000 MNT (1.16 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 3.12 times more for Fruits and Vegetables.
Indicators | South Korea | Mongolia |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 15,000 MNT (4.35 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 40,000 MNT (11.60 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 10,000 MNT (2.90 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 3,000 MNT (0.87 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 1,500 MNT (0.43 USD) |
Pizza for One | 20,000 KRW (15 USD) | 25,000 MNT (7.25 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 20,000 MNT (5.80 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 5,000 MNT (1.45 USD) |
Dining-Out costs 145.64% more in South Korea compared to Mongolia.
Indicators | South Korea | Mongolia |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 25,000 MNT (7.25 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 5,000 MNT (1.45 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 2,500 MNT (0.72 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 3,500 MNT (1.01 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 8,000 MNT (2.32 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 20,000 MNT (5.80 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 3.72 times more for usual hard drinks.
Indicators | South Korea | Mongolia |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 30,000 MNT (8.70 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 1,500 MNT (0.43 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 50,000 MNT (14.50 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 5,000 MNT (1.45 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 1,500 MNT (0.43 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 50,000 MNT (14.50 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 5,000 MNT (1.45 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 2,000 MNT (0.58 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 7.31 times more for transportation.
Indicators | South Korea | Mongolia |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 20,000,000 MNT (5,800 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 50,000 MNT (14.50 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 50,000 MNT (14.50 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 200,000 MNT (58 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 100,000 MNT (29 USD) |
Car Loan Interest Rates | 4 % | 10 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 2,500 MNT (0.72 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 10,000 MNT (2.90 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 3.92 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Mongolia.
Indicators | South Korea | Mongolia |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 30,000 MNT (8.70 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 50,000 MNT (14.50 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 40,000 MNT (11.60 USD) |
Eye Exam | 60,000 KRW (45 USD) | 25,000 MNT (7.25 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 25,000 MNT (7.25 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 20,000 MNT (5.80 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 30,000 MNT (8.70 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 100,000 MNT (29 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 150,000 MNT (43.50 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 10,000 MNT (2.90 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 15,000 MNT (4.35 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 5,000 MNT (1.45 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 60,000 MNT (17.40 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 30,000 MNT (8.70 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 5.26 times more for Health and Medical Treatment.
Indicators | South Korea | Mongolia |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 150,000 MNT (43.50 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 50,000 MNT (14.50 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 15,000 MNT (4.35 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 50,000 MNT (14.50 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 15,000 MNT (4.35 USD) |
Haircuts | 20,000 KRW (15 USD) | 10,000 MNT (2.90 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 30,000 MNT (8.70 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 2,000 MNT (0.58 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 1,000 MNT (0.29 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 8.46 times more for Personal Care Items and Treatment.
Indicators | South Korea | Mongolia |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 80,000 MNT (23.20 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 40,000 MNT (11.60 USD) |
Women's Dress | 80,000 KRW (60 USD) | 60,000 MNT (17.40 USD) |
Summer Dress | 40,000 KRW (30 USD) | 50,000 MNT (14.50 USD) |
Men's Suit | 500,000 KRW (375 USD) | 200,000 MNT (58 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 50,000 MNT (14.50 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 50,000 MNT (14.50 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 70,000 MNT (20.30 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 70,000 MNT (20.30 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 50,000 MNT (14.50 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 50,000 MNT (14.50 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 5,000 MNT (1.45 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 7,000 MNT (2.03 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 2,000 MNT (0.58 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 2,000 MNT (0.58 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 80,000 MNT (23.20 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 40,000 MNT (11.60 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 4.02 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Mongolia |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 30,000 MNT (8.70 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 40,000 MNT (11.60 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 50,000 MNT (14.50 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 200,000 MNT (58 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 150,000 MNT (43.50 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 20,000 MNT (5.80 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 150,000 MNT (43.50 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 50,000 MNT (14.50 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 200,000 MNT (58 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 4.45 times more for Childcare and kids clothing.
Indicators | South Korea | Mongolia |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 250,000 MNT (72.50 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 300,000 MNT (87 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 400,000 MNT (116 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 600,000 MNT (174 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 2,000,000 MNT (580 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 4,000,000 MNT (1,160 USD) |
After School Activities | 100,000 KRW (75 USD) | 50,000 MNT (14.50 USD) |
Special Education Services | 300,000 KRW (225 USD) | 200,000 MNT (58 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 20,000 MNT (5.80 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 10,000 MNT (2.90 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 5,000 MNT (1.45 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 2.96 times more for school and education.
Indicators | South Korea | Mongolia |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 10,000 MNT (2.90 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 20,000 MNT (5.80 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 30,000 MNT (8.70 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 20,000 MNT (5.80 USD) |
Gym Membership | 80,000 KRW (60 USD) | 30,000 MNT (8.70 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 20,000 MNT (5.80 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 5,000 MNT (1.45 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 10,000 MNT (2.90 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 15,000 MNT (4.35 USD) |
Bowling | 10,000 KRW (7.50 USD) | 10,000 MNT (2.90 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 8,000 MNT (2.32 USD) |
Video Games | 30,000 KRW (22.50 USD) | 20,000 MNT (5.80 USD) |
Streaming Services | 20,000 KRW (15 USD) | 15,000 MNT (4.35 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 10,000 MNT (2.90 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 300,000 MNT (87 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 2.68 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Mongolia |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 100,000 MNT (29 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 50,000 MNT (14.50 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 15,000 MNT (4.35 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 10,000 MNT (2.90 USD) |
Music Lessons | 40,000 KRW (30 USD) | 20,000 MNT (5.80 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 20,000 MNT (5.80 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 5,000 MNT (1.45 USD) |
Educational Software | 100,000 KRW (75 USD) | 50,000 MNT (14.50 USD) |
If you lived in South Korea, instead of Mongolia, you would have to pay 5.51 times more for Private Classes.
Indicators | South Korea | Mongolia |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 1,500,000 MNT (435 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 1,000,000 MNT (290 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 16,666.67 MNT per hour (4.83 USD) |
Average Bonus | 500,000 KRW (375 USD) | 300,000 MNT (87 USD) |
Income Tax Rate | 0 to 10 % | 0 to 10 % |
Social Security Contributions | 5 % | 10 % |
Pension Contributions | 5 % | 10 % |
Cost of Living Index | 60 | 40 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 1,200,000 MNT (348 USD) |
If you lived in South Korea, you would earn 5.46 times more salary as compared to Mongolia.
Indicators | South Korea | Mongolia |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 20,000 MNT (5.80 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 15,000 MNT (4.35 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 12,000 MNT (3.48 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 10,000 MNT (2.90 USD) |
Professional Services cost 14.07 times more in South Korea, as compared to Mongolia.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Mongolia.
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