Published: Monday, 21th October 2024
The cost of living in South Korea is 1.21 times more expensive as compared to Nicaragua.
On this page, you will find side-by-side cost comparison between South Korea and Nicaragua. 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 Nicaragua.
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Indicators | South Korea | Nicaragua |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 12,500 NIO (337.50 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 17,500 NIO (472.50 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 22,750 NIO (614.25 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 8,750 NIO (236.25 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 12,500 NIO (337.50 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 15,750 NIO (425.25 USD) |
Mortgage Rates Per Month | 3 % | 3 % |
Realtor Commission | 1 % | 5 % |
Property Taxes | 0.15 to 0.5 % | Yet to Update |
The average housing cost in South Korea is 2.37 times more expensive than Nicaragua.
Indicators | South Korea | Nicaragua |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 140,000 NIO (3,780 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 2,800 NIO (75.60 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 1,750 NIO (47.25 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 2,100 NIO (56.70 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 1,050 NIO (28.35 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 59.00% less for Utilities.
The basic home furnishing in South Korea costs 2.52 times less compared to Nicaragua.
Indicators | South Korea | Nicaragua |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 1,750 NIO (47.25 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 1,050 NIO (28.35 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 525 NIO (14.18 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 700 NIO (18.90 USD) |
The internet and communication costs 37.89% less in South Korea compared to Nicaragua.
Indicators | South Korea | Nicaragua |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 70 NIO (1.89 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 35 NIO (0.94 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 17.50 NIO (0.47 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 52 NIO (1.40 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 87 NIO (2.35 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 175 NIO (4.72 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 245 NIO (6.62 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.59 times more expensive than the cost in Nicaragua.
If you lived in South Korea, instead of Nicaragua, you would have to pay 24.32% more for Groceries.
Indicators | South Korea | Nicaragua |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 87 NIO (2.35 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 52 NIO (1.40 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 70 NIO (1.89 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 52 NIO (1.40 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 35 NIO (0.94 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 70 NIO (1.89 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 52 NIO (1.40 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 87 NIO (2.35 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.76 times more for Fruits and Vegetables.
Indicators | South Korea | Nicaragua |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 280 NIO (7.56 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 700 NIO (18.90 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 140 NIO (3.78 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 70 NIO (1.89 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 35 NIO (0.94 USD) |
Pizza for One | 20,000 KRW (15 USD) | 280 NIO (7.56 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 280 NIO (7.56 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 175 NIO (4.72 USD) |
Dining-Out costs 60.86% more in South Korea compared to Nicaragua.
Indicators | South Korea | Nicaragua |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 280 NIO (7.56 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 175 NIO (4.72 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 52 NIO (1.40 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 70 NIO (1.89 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 245 NIO (6.62 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 525 NIO (14.18 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.90 times more for usual hard drinks.
Indicators | South Korea | Nicaragua |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 1,050 NIO (28.35 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 35 NIO (0.94 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 4,200 NIO (113.40 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 70 NIO (1.89 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 35 NIO (0.94 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 1,050 NIO (28.35 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 35 NIO (0.94 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 17.50 NIO (0.47 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.75 times more for transportation.
Indicators | South Korea | Nicaragua |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 525,000 NIO (14,175 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 14,000 NIO (378 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 1,400 NIO (37.80 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 1,750 NIO (47.25 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 1,050 NIO (28.35 USD) |
Car Loan Interest Rates | 4 % | 10 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 35 NIO (0.94 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 133 NIO (3.59 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 1.58 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Nicaragua.
Indicators | South Korea | Nicaragua |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 1,050 NIO (28.35 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 2,100 NIO (56.70 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 1,400 NIO (37.80 USD) |
Eye Exam | 60,000 KRW (45 USD) | 700 NIO (18.90 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 1,400 NIO (37.80 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 700 NIO (18.90 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 1,050 NIO (28.35 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 10,500 NIO (283.50 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 4,200 NIO (113.40 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 525 NIO (14.18 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 350 NIO (9.45 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 175 NIO (4.72 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 7,000 NIO (189 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 2,100 NIO (56.70 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.00 times more for Health and Medical Treatment.
Indicators | South Korea | Nicaragua |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 2,800 NIO (75.60 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 1,400 NIO (37.80 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 525 NIO (14.18 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 1,050 NIO (28.35 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 700 NIO (18.90 USD) |
Haircuts | 20,000 KRW (15 USD) | 350 NIO (9.45 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 700 NIO (18.90 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 70 NIO (1.89 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 35 NIO (0.94 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 3.84 times more for Personal Care Items and Treatment.
Indicators | South Korea | Nicaragua |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 5,600 NIO (151.20 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 1,750 NIO (47.25 USD) |
Women's Dress | 80,000 KRW (60 USD) | 2,800 NIO (75.60 USD) |
Summer Dress | 40,000 KRW (30 USD) | 2,100 NIO (56.70 USD) |
Men's Suit | 500,000 KRW (375 USD) | 8,400 NIO (226.80 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 2,100 NIO (56.70 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 2,100 NIO (56.70 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 4,200 NIO (113.40 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 4,200 NIO (113.40 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 2,800 NIO (75.60 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 2,800 NIO (75.60 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 350 NIO (9.45 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 490 NIO (13.23 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 140 NIO (3.78 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 140 NIO (3.78 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 3,500 NIO (94.50 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 2,100 NIO (56.70 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.16 times less for Clothing and Footwear for Adults.
Indicators | South Korea | Nicaragua |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 1,050 NIO (28.35 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 1,750 NIO (47.25 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 2,100 NIO (56.70 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 10,500 NIO (283.50 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 8,400 NIO (226.80 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 1,400 NIO (37.80 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 14,000 NIO (378 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 3,500 NIO (94.50 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 14,000 NIO (378 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.33 times less for Childcare and kids clothing.
Indicators | South Korea | Nicaragua |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 17,500 NIO (472.50 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 35,000 NIO (945 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 42,000 NIO (1,134 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 56,000 NIO (1,512 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 105,000 NIO (2,835 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 140,000 NIO (3,780 USD) |
After School Activities | 100,000 KRW (75 USD) | 3,500 NIO (94.50 USD) |
Special Education Services | 300,000 KRW (225 USD) | 28,000 NIO (756 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 1,750 NIO (47.25 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 7,000 NIO (189 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 2,100 NIO (56.70 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.76 times less for school and education.
Indicators | South Korea | Nicaragua |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 175 NIO (4.72 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 350 NIO (9.45 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 525 NIO (14.18 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 350 NIO (9.45 USD) |
Gym Membership | 80,000 KRW (60 USD) | 700 NIO (18.90 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 350 NIO (9.45 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 175 NIO (4.72 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 350 NIO (9.45 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 525 NIO (14.18 USD) |
Bowling | 10,000 KRW (7.50 USD) | 175 NIO (4.72 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 175 NIO (4.72 USD) |
Video Games | 30,000 KRW (22.50 USD) | 1,050 NIO (28.35 USD) |
Streaming Services | 20,000 KRW (15 USD) | 350 NIO (9.45 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 350 NIO (9.45 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 7,000 NIO (189 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 1.19 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Nicaragua |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 21,000 NIO (567 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 4,200 NIO (113.40 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 525 NIO (14.18 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 350 NIO (9.45 USD) |
Music Lessons | 40,000 KRW (30 USD) | 700 NIO (18.90 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 700 NIO (18.90 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 175 NIO (4.72 USD) |
Educational Software | 100,000 KRW (75 USD) | 5,600 NIO (151.20 USD) |
If you lived in South Korea, instead of Nicaragua, you would have to pay 2.08 times less for Private Classes.
Indicators | South Korea | Nicaragua |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 28,000 NIO (756 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 21,000 NIO (567 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 350 NIO per hour (9.45 USD) |
Average Bonus | 500,000 KRW (375 USD) | 10,500 NIO (283.50 USD) |
Income Tax Rate | 0 to 10 % | 0 to 15 % |
Social Security Contributions | 5 % | 10 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 60 | 35 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 70,000 NIO (1,890 USD) |
If you lived in South Korea, you would earn 1.81 times more salary as compared to Nicaragua.
Indicators | South Korea | Nicaragua |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 1,050 NIO (28.35 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 1,400 NIO (37.80 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 1,400 NIO (37.80 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 1,400 NIO (37.80 USD) |
Professional Services cost 1.64 times more in South Korea, as compared to Nicaragua.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Nicaragua.
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