Published: Monday, 21th October 2024
The cost of living in South Korea is 2.10 times more expensive as compared to Serbia.
On this page, you will find side-by-side cost comparison between South Korea and Serbia. 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 Serbia.
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Indicators | South Korea | Serbia |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 60,000 RSD (552 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 100,000 RSD (920 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 150,000 RSD (1,380 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 40,000 RSD (368 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 70,000 RSD (644 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 100,000 RSD (920 USD) |
Mortgage Rates Per Month | 3 % | 0.8 % |
Realtor Commission | 1 % | 2 % |
Property Taxes | 0.15 to 0.5 % | 0.4 to 2.0 % |
The average housing cost in South Korea is 1.22 times more expensive than Serbia.
Indicators | South Korea | Serbia |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 500,000 RSD (4,600 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 10,000 RSD (92 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 7,000 RSD (64.40 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 8,000 RSD (73.60 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 5,000 RSD (46 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 66.47% less for Utilities.
The basic home furnishing in South Korea costs 3.07 times less compared to Serbia.
Indicators | South Korea | Serbia |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 8,000 RSD (73.60 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 5,000 RSD (46 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 2,000 RSD (18.40 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 3,000 RSD (27.60 USD) |
The internet and communication costs 59.24% less in South Korea compared to Serbia.
Indicators | South Korea | Serbia |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 200 RSD (1.84 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 130 RSD (1.20 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 40 RSD (0.37 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 80 RSD (0.74 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 150 RSD (1.38 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 400 RSD (3.68 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 300 RSD (2.76 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.44 times more expensive than the cost in Serbia.
If you lived in South Korea, instead of Serbia, you would have to pay 91.26% more for Groceries.
Indicators | South Korea | Serbia |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 150 RSD (1.38 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 120 RSD (1.10 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 130 RSD (1.20 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 100 RSD (0.92 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 80 RSD (0.74 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 150 RSD (1.38 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 100 RSD (0.92 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 250 RSD (2.30 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 2.42 times more for Fruits and Vegetables.
Indicators | South Korea | Serbia |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 1,500 RSD (13.80 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 3,000 RSD (27.60 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 800 RSD (7.36 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 150 RSD (1.38 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 100 RSD (0.92 USD) |
Pizza for One | 20,000 KRW (15 USD) | 1,200 RSD (11.04 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 1,000 RSD (9.20 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 300 RSD (2.76 USD) |
Dining-Out costs 14.94% more in South Korea compared to Serbia.
Indicators | South Korea | Serbia |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 1,200 RSD (11.04 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 300 RSD (2.76 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 200 RSD (1.84 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 250 RSD (2.30 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 800 RSD (7.36 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 1,200 RSD (11.04 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.90 times more for usual hard drinks.
Indicators | South Korea | Serbia |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 4,000 RSD (36.80 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 150 RSD (1.38 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 20,000 RSD (184 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 200 RSD (1.84 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 80 RSD (0.74 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 5,000 RSD (46 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 200 RSD (1.84 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 100 RSD (0.92 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.12 times more for transportation.
Indicators | South Korea | Serbia |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 500,000 RSD (4,600 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 20,000 RSD (184 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 10,000 RSD (92 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 40,000 RSD (368 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 10,000 RSD (92 USD) |
Car Loan Interest Rates | 4 % | 6 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 150 RSD (1.38 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 600 RSD (5.52 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 4.34 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Serbia.
Indicators | South Korea | Serbia |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 2,000 RSD (18.40 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 4,000 RSD (36.80 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 3,000 RSD (27.60 USD) |
Eye Exam | 60,000 KRW (45 USD) | 1,000 RSD (9.20 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 2,500 RSD (23 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 2,000 RSD (18.40 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 2,000 RSD (18.40 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 5,000 RSD (46 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 3,000 RSD (27.60 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 1,500 RSD (13.80 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 1,000 RSD (9.20 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 500 RSD (4.60 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 20,000 RSD (184 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 5,000 RSD (46 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.86 times more for Health and Medical Treatment.
Indicators | South Korea | Serbia |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 15,000 RSD (138 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 4,000 RSD (36.80 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 2,000 RSD (18.40 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 5,000 RSD (46 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 3,000 RSD (27.60 USD) |
Haircuts | 20,000 KRW (15 USD) | 1,000 RSD (9.20 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 3,000 RSD (27.60 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 200 RSD (1.84 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 100 RSD (0.92 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 2.59 times more for Personal Care Items and Treatment.
Indicators | South Korea | Serbia |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 10,000 RSD (92 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 2,000 RSD (18.40 USD) |
Women's Dress | 80,000 KRW (60 USD) | 5,000 RSD (46 USD) |
Summer Dress | 40,000 KRW (30 USD) | 3,000 RSD (27.60 USD) |
Men's Suit | 500,000 KRW (375 USD) | 30,000 RSD (276 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 4,000 RSD (36.80 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 4,000 RSD (36.80 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 7,000 RSD (64.40 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 5,000 RSD (46 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 5,000 RSD (46 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 4,000 RSD (36.80 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 500 RSD (4.60 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 700 RSD (6.44 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 100 RSD (0.92 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 100 RSD (0.92 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 8,000 RSD (73.60 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 3,000 RSD (27.60 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.26 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Serbia |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 2,000 RSD (18.40 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 2,500 RSD (23 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 4,000 RSD (36.80 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 20,000 RSD (184 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 15,000 RSD (138 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 1,000 RSD (9.20 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 8,000 RSD (73.60 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 5,000 RSD (46 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 10,000 RSD (92 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.85 times more for Childcare and kids clothing.
Indicators | South Korea | Serbia |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 25,000 RSD (230 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 50,000 RSD (460 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 60,000 RSD (552 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 70,000 RSD (644 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 80,000 RSD (736 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 100,000 RSD (920 USD) |
After School Activities | 100,000 KRW (75 USD) | 3,000 RSD (27.60 USD) |
Special Education Services | 300,000 KRW (225 USD) | 10,000 RSD (92 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 2,000 RSD (18.40 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 1,000 RSD (9.20 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 500 RSD (4.60 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.82 times more for school and education.
Indicators | South Korea | Serbia |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 300 RSD (2.76 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 500 RSD (4.60 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 800 RSD (7.36 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 1,000 RSD (9.20 USD) |
Gym Membership | 80,000 KRW (60 USD) | 3,000 RSD (27.60 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 2,000 RSD (18.40 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 200 RSD (1.84 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 300 RSD (2.76 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 500 RSD (4.60 USD) |
Bowling | 10,000 KRW (7.50 USD) | 300 RSD (2.76 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 200 RSD (1.84 USD) |
Video Games | 30,000 KRW (22.50 USD) | 3,000 RSD (27.60 USD) |
Streaming Services | 20,000 KRW (15 USD) | 800 RSD (7.36 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 500 RSD (4.60 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 20,000 RSD (184 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 1.32 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Serbia |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 6,000 RSD (55.20 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 4,000 RSD (36.80 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 600 RSD (5.52 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 500 RSD (4.60 USD) |
Music Lessons | 40,000 KRW (30 USD) | 800 RSD (7.36 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 800 RSD (7.36 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 200 RSD (1.84 USD) |
Educational Software | 100,000 KRW (75 USD) | 5,000 RSD (46 USD) |
If you lived in South Korea, instead of Serbia, you would have to pay 2.62 times more for Private Classes.
Indicators | South Korea | Serbia |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 80,000 RSD (736 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 56,000 RSD (515.20 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 1,000 RSD per hour (9.20 USD) |
Average Bonus | 500,000 KRW (375 USD) | 10,000 RSD (92 USD) |
Income Tax Rate | 0 to 10 % | 0 to 20 % |
Social Security Contributions | 5 % | 13 % |
Pension Contributions | 5 % | 12 % |
Cost of Living Index | 60 | 43 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 70,000 RSD (644 USD) |
If you lived in South Korea, you would earn 3.19 times more salary as compared to Serbia.
Indicators | South Korea | Serbia |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 5,000 RSD (46 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 4,000 RSD (36.80 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 3,000 RSD (27.60 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 2,000 RSD (18.40 USD) |
Professional Services cost 1.81 times more in South Korea, as compared to Serbia.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Serbia.
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