Published: Monday, 21th October 2024
The cost of living in South Korea is 4.16 times more expensive as compared to Sri Lanka.
On this page, you will find side-by-side cost comparison between South Korea and Sri Lanka. 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 Sri Lanka.
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 Indicators  | South Korea  | Sri Lanka  |
|---|---|---|
1 BHK Apartment in City Center  | 800,000 KRW (600 USD) | 60,000 LKR (186 USD) |
2 BHK Apartment in City Center  | 1,500,000 KRW (1,125 USD) | 90,000 LKR (279 USD) |
3 BHK Apartment in City Center  | 2,500,000 KRW (1,875 USD) | 120,000 LKR (372 USD) |
1 BHK Apartment outside City Center  | 500,000 KRW (375 USD) | 30,000 LKR (93 USD) |
2 BHK Apartment outside City Center  | 1,000,000 KRW (750 USD) | 45,000 LKR (139.50 USD) |
3 BHK Apartment outside City Center  | 1,500,000 KRW (1,125 USD) | 60,000 LKR (186 USD) |
Mortgage Rates Per Month  | 3 % | 7.5 % |
Realtor Commission  | 1 % | 1 % |
Property Taxes  | 0.15 to 0.5 % | 0.2 to 0.4 % |
The average housing cost in South Korea is 4.46 times more expensive than Sri Lanka.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Basic Home Furnishing  | 2,000,000 KRW (1,500 USD) | 200,000 LKR (620 USD) |
Electricity Cost Per Month  | 50,000 KRW (37.50 USD) | 5,000 LKR (15.50 USD) |
Heating Cost Per Month  | 70,000 KRW (52.50 USD) | 3,000 LKR (9.30 USD) |
Cooling Cost Per Month  | 40,000 KRW (30 USD) | 3,500 LKR (10.85 USD) |
Water Supply Cost Per Month  | 20,000 KRW (15 USD) | 1,500 LKR (4.65 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 147.61% more for Utilities.
The basic home furnishing in South Korea costs 2.42 times more compared to Sri Lanka.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Standard Wifi Cost Per Month  | 30,000 KRW (22.50 USD) | 2,500 LKR (7.75 USD) |
Mobile Phone Basic Plan Cost Per Month  | 30,000 KRW (22.50 USD) | 1,500 LKR (4.65 USD) |
Landline Basic Plan Cost Per Month  | 10,000 KRW (7.50 USD) | 1,000 LKR (3.10 USD) |
Cable TV Basic Plan Cost Per Month  | 20,000 KRW (15 USD) | 2,000 LKR (6.20 USD) |
The internet and communication costs 211.06% more in South Korea compared to Sri Lanka.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Long Grain Rice (1 KG)  | 4,000 KRW (3 USD) | 250 LKR (0.78 USD) |
Milk (1 Liter)  | 2,000 KRW (1.50 USD) | 200 LKR (0.62 USD) |
Water (1 Liter)  | 1,000 KRW (0.75 USD) | 50 LKR (0.15 USD) |
Bread (500 gm)  | 2,500 KRW (1.88 USD) | 150 LKR (0.46 USD) |
Eggs (1 Dozen)  | 3,000 KRW (2.25 USD) | 400 LKR (1.24 USD) |
Cheese (1 KG)  | 8,000 KRW (6 USD) | 1,000 LKR (3.10 USD) |
Chicken Breast (1 KG)  | 10,000 KRW (7.50 USD) | 1,200 LKR (3.72 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 2.90 times more expensive than the cost in Sri Lanka.
If you lived in South Korea, instead of Sri Lanka, you would have to pay 127.05% more for Groceries.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Apples (1 KG)  | 5,000 KRW (3.75 USD) | 500 LKR (1.55 USD) |
Bananas (1 KG)  | 3,000 KRW (2.25 USD) | 150 LKR (0.46 USD) |
Oranges (1 KG)  | 4,000 KRW (3 USD) | 300 LKR (0.93 USD) |
Tomatoes (1 KG)  | 3,500 KRW (2.63 USD) | 200 LKR (0.62 USD) |
Potatoes (1 KG)  | 2,500 KRW (1.88 USD) | 150 LKR (0.46 USD) |
Lemons (1 KG)  | 5,000 KRW (3.75 USD) | 400 LKR (1.24 USD) |
Onions (1 KG)  | 3,000 KRW (2.25 USD) | 200 LKR (0.62 USD) |
Lentils (1 KG)  | 6,000 KRW (4.50 USD) | 300 LKR (0.93 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 3.52 times more for Fruits and Vegetables.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Meal at a Resonable Restaurant  | 12,000 KRW (9 USD) | 1,500 LKR (4.65 USD) |
Three-Course Meal for Two  | 50,000 KRW (37.50 USD) | 4,500 LKR (13.95 USD) |
Fast Food Combo Meal  | 8,000 KRW (6 USD) | 700 LKR (2.17 USD) |
Normal Coffee  | 4,000 KRW (3 USD) | 300 LKR (0.93 USD) |
Soft Drink  | 2,500 KRW (1.88 USD) | 150 LKR (0.46 USD) |
Pizza for One  | 20,000 KRW (15 USD) | 1,200 LKR (3.72 USD) |
Take-Out Delivery Meal  | 12,000 KRW (9 USD) | 1,200 LKR (3.72 USD) |
Cigarette Pack of 20  | 5,000 KRW (3.75 USD) | 500 LKR (1.55 USD) |
Dining-Out costs 173.23% more in South Korea compared to Sri Lanka.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Wine Mid-Range Bottle  | 30,000 KRW (22.50 USD) | 2,500 LKR (7.75 USD) |
Glass of Wine  | 10,000 KRW (7.50 USD) | 1,000 LKR (3.10 USD) |
Domestic Beer Half Liter  | 3,000 KRW (2.25 USD) | 250 LKR (0.78 USD) |
Imported Beer Half Liter  | 4,000 KRW (3 USD) | 500 LKR (1.55 USD) |
Domestic Alcohol 1 Liter  | 15,000 KRW (11.25 USD) | 1,000 LKR (3.10 USD) |
Branded Alcohol 1 Liter  | 30,000 KRW (22.50 USD) | 2,000 LKR (6.20 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 3.07 times more for usual hard drinks.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Monthly Public Transportation Pass  | 60,000 KRW (45 USD) | 2,000 LKR (6.20 USD) |
Single Public Transportation Ticket  | 1,200 KRW (0.90 USD) | 100 LKR (0.31 USD) |
Single Train Ticket  | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket  | 200,000 KRW (150 USD) | 15,000 LKR (46.50 USD) |
Taxi Start Fare  | 3,000 KRW (2.25 USD) | 300 LKR (0.93 USD) |
Taxi Rate Per Kilometer  | 1,000 KRW (0.75 USD) | 100 LKR (0.31 USD) |
Car Rental Per Day  | 70,000 KRW (52.50 USD) | 4,000 LKR (12.40 USD) |
Parking Fees in City Center Per Hour  | 3,000 KRW (2.25 USD) | 100 LKR (0.31 USD) |
Parking Fees outside City Center Per Hour  | 1,500 KRW (1.13 USD) | 50 LKR (0.15 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 4.58 times more for transportation.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 30,000,000 KRW (22,500 USD) | 2,000,000 LKR (6,200 USD) |
Vehicle Registration Cost  | 200,000 KRW (150 USD) | 10,000 LKR (31 USD) |
Driving License Fees  | 50,000 KRW (37.50 USD) | 2,000 LKR (6.20 USD) |
Car Insurance Cost  | 500,000 KRW (375 USD) | 20,000 LKR (62 USD) |
Car Maintenance Cost  | 150,000 KRW (112.50 USD) | 5,000 LKR (15.50 USD) |
Car Loan Interest Rates  | 4 % | 9 % |
Fuel Per Liter  | 1,500 KRW (1.13 USD) | 250 LKR (0.78 USD) |
Fuel Per Gallon  | 6,000 KRW (4.50 USD) | 950 LKR (2.94 USD) |
Average Toll Fees  | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 3.67 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Sri Lanka.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Doctor Visit  | 70,000 KRW (52.50 USD) | 3,000 LKR (9.30 USD) |
Specialist Visit  | 150,000 KRW (112.50 USD) | 5,000 LKR (15.50 USD) |
Dentist Visit  | 80,000 KRW (60 USD) | 4,000 LKR (12.40 USD) |
Eye Exam  | 60,000 KRW (45 USD) | 2,500 LKR (7.75 USD) |
Mental Health Counseling  | 100,000 KRW (75 USD) | 4,000 LKR (12.40 USD) |
Preventive Health Screening  | 80,000 KRW (60 USD) | 2,000 LKR (6.20 USD) |
Physical Therapy  | 70,000 KRW (52.50 USD) | 3,000 LKR (9.30 USD) |
Emergency Room Visit  | 150,000 KRW (112.50 USD) | 10,000 LKR (31 USD) |
Hospital Stay Per Night  | 200,000 KRW (150 USD) | 15,000 LKR (46.50 USD) |
Vaccinations  | 30,000 KRW (22.50 USD) | 1,000 LKR (3.10 USD) |
Prescription Medication  | 20,000 KRW (15 USD) | 1,500 LKR (4.65 USD) |
Over the Counter Medication  | 10,000 KRW (7.50 USD) | 1,000 LKR (3.10 USD) |
Health Insurance Premiums  | 150,000 KRW (112.50 USD) | 10,000 LKR (31 USD) |
Health Insurance Deductibles  | 30,000 KRW (22.50 USD) | 20,000 LKR (62 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 3.54 times more for Health and Medical Treatment.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Cosmetic Procedures  | 500,000 KRW (375 USD) | 20,000 LKR (62 USD) |
Spa Treatment  | 150,000 KRW (112.50 USD) | 5,000 LKR (15.50 USD) |
Manicure Pedicure Cost  | 50,000 KRW (37.50 USD) | 1,500 LKR (4.65 USD) |
Optical Glasses Cost  | 150,000 KRW (112.50 USD) | 5,000 LKR (15.50 USD) |
Contact Lenses Cost  | 100,000 KRW (75 USD) | 3,000 LKR (9.30 USD) |
Haircuts  | 20,000 KRW (15 USD) | 1,000 LKR (3.10 USD) |
Hair Coloring  | 80,000 KRW (60 USD) | 3,000 LKR (9.30 USD) |
Shampoo Price  | 4,000 KRW (3 USD) | 400 LKR (1.24 USD) |
Toothpaste Price  | 2,000 KRW (1.50 USD) | 150 LKR (0.46 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 6.54 times more for Personal Care Items and Treatment.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Pair of Nike Running Shoes  | 100,000 KRW (75 USD) | 15,000 LKR (46.50 USD) |
Men's Shirt  | 40,000 KRW (30 USD) | 3,000 LKR (9.30 USD) |
Women's Dress  | 80,000 KRW (60 USD) | 6,000 LKR (18.60 USD) |
Summer Dress  | 40,000 KRW (30 USD) | 4,000 LKR (12.40 USD) |
Men's Suit  | 500,000 KRW (375 USD) | 25,000 LKR (77.50 USD) |
Men's Jeans  | 60,000 KRW (45 USD) | 4,000 LKR (12.40 USD) |
Women's Jeans  | 50,000 KRW (37.50 USD) | 4,000 LKR (12.40 USD) |
Men's Formal Shoes  | 120,000 KRW (90 USD) | 6,000 LKR (18.60 USD) |
Women's Formal Shoes  | 100,000 KRW (75 USD) | 6,000 LKR (18.60 USD) |
Men's Casual Shoes  | 80,000 KRW (60 USD) | 5,000 LKR (15.50 USD) |
Women's Casual Shoes  | 60,000 KRW (45 USD) | 5,000 LKR (15.50 USD) |
Underwear For Men  | 10,000 KRW (7.50 USD) | 500 LKR (1.55 USD) |
Underwear For Women  | 10,000 KRW (7.50 USD) | 500 LKR (1.55 USD) |
Socks For Men  | 5,000 KRW (3.75 USD) | 300 LKR (0.93 USD) |
Socks For Women  | 5,000 KRW (3.75 USD) | 300 LKR (0.93 USD) |
Wintercoat for Adults  | 100,000 KRW (75 USD) | 8,000 LKR (24.80 USD) |
Sportswear  | 50,000 KRW (37.50 USD) | 5,000 LKR (15.50 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 3.50 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Children's Jeans  | 30,000 KRW (22.50 USD) | 2,500 LKR (7.75 USD) |
Children's Normal Sneakers  | 40,000 KRW (30 USD) | 3,500 LKR (10.85 USD) |
Children's Winter Coat  | 60,000 KRW (45 USD) | 4,000 LKR (12.40 USD) |
Daycare for Infant  | 300,000 KRW (225 USD) | 20,000 LKR (62 USD) |
Daycare for Toddler  | 250,000 KRW (187.50 USD) | 25,000 LKR (77.50 USD) |
Childcare for Sick Days  | 50,000 KRW (37.50 USD) | 2,000 LKR (6.20 USD) |
Early Childhood Education Programs  | 500,000 KRW (375 USD) | 20,000 LKR (62 USD) |
Extra Curricular Activities  | 100,000 KRW (75 USD) | 5,000 LKR (15.50 USD) |
Summer Camp for Kids  | 200,000 KRW (150 USD) | 10,000 LKR (31 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 4.02 times more for Childcare and kids clothing.
Indicators | South Korea | Sri Lanka |
|---|---|---|
PreSchool Fees  | 200,000 KRW (150 USD) | 30,000 LKR (93 USD) |
Primary School Fees  | 500,000 KRW (375 USD) | 50,000 LKR (155 USD) |
Secondary School Fees  | 700,000 KRW (525 USD) | 60,000 LKR (186 USD) |
Private School Fees  | 1,000,000 KRW (750 USD) | 80,000 LKR (248 USD) |
University Tuition Fees  | 2,000,000 KRW (1,500 USD) | 150,000 LKR (465 USD) |
University Private Tuition Fees  | 4,000,000 KRW (3,000 USD) | 300,000 LKR (930 USD) |
After School Activities  | 100,000 KRW (75 USD) | 5,000 LKR (15.50 USD) |
Special Education Services  | 300,000 KRW (225 USD) | 15,000 LKR (46.50 USD) |
Tutoring  | 50,000 KRW (37.50 USD) | 2,000 LKR (6.20 USD) |
Textbooks Cost  | 100,000 KRW (75 USD) | 4,000 LKR (12.40 USD) |
School Supplies  | 30,000 KRW (22.50 USD) | 2,000 LKR (6.20 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 3.11 times more for school and education.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Movie Ticket (Single)  | 12,000 KRW (9 USD) | 800 LKR (2.48 USD) |
Theater Ticket (Single)  | 30,000 KRW (22.50 USD) | 1,200 LKR (3.72 USD) |
Concert Ticket (Single)  | 70,000 KRW (52.50 USD) | 2,000 LKR (6.20 USD) |
Sports Event Ticket (Single)  | 50,000 KRW (37.50 USD) | 1,500 LKR (4.65 USD) |
Gym Membership  | 80,000 KRW (60 USD) | 2,000 LKR (6.20 USD) |
Swimming Pool Access  | 30,000 KRW (22.50 USD) | 1,500 LKR (4.65 USD) |
Museum Entry Ticket  | 5,000 KRW (3.75 USD) | 500 LKR (1.55 USD) |
Zoo Entry Ticket  | 10,000 KRW (7.50 USD) | 800 LKR (2.48 USD) |
Amusement Park Entry Ticket  | 20,000 KRW (15 USD) | 1,000 LKR (3.10 USD) |
Bowling  | 10,000 KRW (7.50 USD) | 800 LKR (2.48 USD) |
Mini Golf  | 15,000 KRW (11.25 USD) | 1,000 LKR (3.10 USD) |
Video Games  | 30,000 KRW (22.50 USD) | 2,000 LKR (6.20 USD) |
Streaming Services  | 20,000 KRW (15 USD) | 500 LKR (1.55 USD) |
Outdoor Equipment Rental  | 10,000 KRW (7.50 USD) | 1,000 LKR (3.10 USD) |
Theme Park Annual Pass  | 150,000 KRW (112.50 USD) | 10,000 LKR (31 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 4.93 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Language Classes  | 200,000 KRW (150 USD) | 10,000 LKR (31 USD) |
Parenting Classes  | 150,000 KRW (112.50 USD) | 2,000 LKR (6.20 USD) |
Art Classes  | 25,000 KRW (18.75 USD) | 1,500 LKR (4.65 USD) |
Fitness Classes  | 20,000 KRW (15 USD) | 1,500 LKR (4.65 USD) |
Music Lessons  | 40,000 KRW (30 USD) | 2,000 LKR (6.20 USD) |
Dance Lessons  | 30,000 KRW (22.50 USD) | 1,500 LKR (4.65 USD) |
Reading Materials for Classes  | 10,000 KRW (7.50 USD) | 500 LKR (1.55 USD) |
Educational Software  | 100,000 KRW (75 USD) | 5,000 LKR (15.50 USD) |
If you lived in South Korea, instead of Sri Lanka, you would have to pay 5.80 times more for Private Classes.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Average Gross Monthly Salary  | 3,000,000 KRW (2,250 USD) | 60,000 LKR (186 USD) |
Average Net Monthly Salary  | 2,400,000 KRW (1,800 USD) | 45,000 LKR (139.50 USD) |
Minimum Wages  | 83,333.33 KRW per hour (62.50 USD) | 666.67 LKR per hour (2.07 USD) |
Average Bonus  | 500,000 KRW (375 USD) | 10,000 LKR (31 USD) |
Income Tax Rate  | 0 to 10 % | 0 to 15 % |
Social Security Contributions  | 5 % | 5 % |
Pension Contributions  | 5 % | 3 % |
Cost of Living Index  | 60 | 30 |
Median Household Income  | 2,500,000 KRW (1,875 USD) | 50,000 LKR (155 USD) |
If you lived in South Korea, you would earn 12.39 times more salary as compared to Sri Lanka.
Indicators | South Korea | Sri Lanka |
|---|---|---|
Legal Consultation Per Hour Rate  | 100,000 KRW (75 USD) | 5,000 LKR (15.50 USD) |
Accounting Services Per Hour Rate  | 80,000 KRW (60 USD) | 4,000 LKR (12.40 USD) |
IT Support Services Per Hour Rate  | 70,000 KRW (52.50 USD) | 3,000 LKR (9.30 USD) |
Technician Services Per Hour Rate  | 60,000 KRW (45 USD) | 2,500 LKR (7.75 USD) |
Professional Services cost 5.17 times more in South Korea, as compared to Sri Lanka.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Sri Lanka.
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