Published: Monday, 21th October 2024
The cost of living in South Korea is 1.01 times more expensive as compared to Taiwan.
On this page, you will find side-by-side cost comparison between South Korea and Taiwan. 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 Taiwan.
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Indicators | South Korea | Taiwan |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 30,000 TWD (930 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 50,000 TWD (1,550 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 70,000 TWD (2,170 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 20,000 TWD (620 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 35,000 TWD (1,085 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 50,000 TWD (1,550 USD) |
Mortgage Rates Per Month | 3 % | 1.5 % |
Realtor Commission | 1 % | 1 % |
Property Taxes | 0.15 to 0.5 % | 1.4 % |
The average housing cost in South Korea is 1.35 times less expensive than Taiwan.
Indicators | South Korea | Taiwan |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 100,000 TWD (3,100 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 2,000 TWD (62 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 1,500 TWD (46.50 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 1,500 TWD (46.50 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 500 TWD (15.50 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 50.01% less for Utilities.
The basic home furnishing in South Korea costs 2.07 times less compared to Taiwan.
Indicators | South Korea | Taiwan |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 1,200 TWD (37.20 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 500 TWD (15.50 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 300 TWD (9.30 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 1,000 TWD (31 USD) |
The internet and communication costs 27.42% less in South Korea compared to Taiwan.
Indicators | South Korea | Taiwan |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 60 TWD (1.86 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 70 TWD (2.17 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 20 TWD (0.62 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 35 TWD (1.08 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 90 TWD (2.79 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 300 TWD (9.30 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 200 TWD (6.20 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 1.24 times less expensive than the cost in Taiwan.
If you lived in South Korea, instead of Taiwan, you would have to pay 4.79% less for Groceries.
Indicators | South Korea | Taiwan |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 100 TWD (3.10 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 50 TWD (1.55 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 80 TWD (2.48 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 60 TWD (1.86 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 40 TWD (1.24 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 120 TWD (3.72 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 50 TWD (1.55 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 80 TWD (2.48 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.33 times more for Fruits and Vegetables.
Indicators | South Korea | Taiwan |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 200 TWD (6.20 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 800 TWD (24.80 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 150 TWD (4.65 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 100 TWD (3.10 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 50 TWD (1.55 USD) |
Pizza for One | 20,000 KRW (15 USD) | 300 TWD (9.30 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 250 TWD (7.75 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 150 TWD (4.65 USD) |
Dining-Out costs 37.30% more in South Korea compared to Taiwan.
Indicators | South Korea | Taiwan |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 1,000 TWD (31 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 200 TWD (6.20 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 80 TWD (2.48 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 120 TWD (3.72 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 800 TWD (24.80 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 1,200 TWD (37.20 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.53 times less for usual hard drinks.
Indicators | South Korea | Taiwan |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 1,200 TWD (37.20 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 30 TWD (0.93 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 5,000 TWD (155 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 80 TWD (2.48 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 20 TWD (0.62 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 2,000 TWD (62 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 100 TWD (3.10 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 50 TWD (1.55 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.17 times more for transportation.
Indicators | South Korea | Taiwan |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 500,000 TWD (15,500 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 10,000 TWD (310 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 1,000 TWD (31 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 15,000 TWD (465 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 3,000 TWD (93 USD) |
Car Loan Interest Rates | 4 % | 2.5 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 35 TWD (1.08 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 150 TWD (4.65 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 1.41 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Taiwan.
Indicators | South Korea | Taiwan |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 1,000 TWD (31 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 1,500 TWD (46.50 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 1,200 TWD (37.20 USD) |
Eye Exam | 60,000 KRW (45 USD) | 800 TWD (24.80 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 1,500 TWD (46.50 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 800 TWD (24.80 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 1,000 TWD (31 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 2,000 TWD (62 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 5,000 TWD (155 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 500 TWD (15.50 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 300 TWD (9.30 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 150 TWD (4.65 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 5,000 TWD (155 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 10,000 TWD (310 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.06 times less for Health and Medical Treatment.
Indicators | South Korea | Taiwan |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 10,000 TWD (310 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 3,000 TWD (93 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 1,000 TWD (31 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 1,000 TWD (31 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 800 TWD (24.80 USD) |
Haircuts | 20,000 KRW (15 USD) | 500 TWD (15.50 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 2,000 TWD (62 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 100 TWD (3.10 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 50 TWD (1.55 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.38 times more for Personal Care Items and Treatment.
Indicators | South Korea | Taiwan |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 3,000 TWD (93 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 800 TWD (24.80 USD) |
Women's Dress | 80,000 KRW (60 USD) | 1,500 TWD (46.50 USD) |
Summer Dress | 40,000 KRW (30 USD) | 800 TWD (24.80 USD) |
Men's Suit | 500,000 KRW (375 USD) | 10,000 TWD (310 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 1,500 TWD (46.50 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 1,200 TWD (37.20 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 1,500 TWD (46.50 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 1,500 TWD (46.50 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 1,200 TWD (37.20 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 1,200 TWD (37.20 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 200 TWD (6.20 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 200 TWD (6.20 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 50 TWD (1.55 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 50 TWD (1.55 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 2,000 TWD (62 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 1,000 TWD (31 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.23 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Taiwan |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 800 TWD (24.80 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 1,000 TWD (31 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 1,500 TWD (46.50 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 10,000 TWD (310 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 8,000 TWD (248 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 800 TWD (24.80 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 6,000 TWD (186 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 1,000 TWD (31 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 3,000 TWD (93 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.15 times more for Childcare and kids clothing.
Indicators | South Korea | Taiwan |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 12,000 TWD (372 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 20,000 TWD (620 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 25,000 TWD (775 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 50,000 TWD (1,550 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 120,000 TWD (3,720 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 200,000 TWD (6,200 USD) |
After School Activities | 100,000 KRW (75 USD) | 1,000 TWD (31 USD) |
Special Education Services | 300,000 KRW (225 USD) | 2,000 TWD (62 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 800 TWD (24.80 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 1,000 TWD (31 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 500 TWD (15.50 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.99 times less for school and education.
Indicators | South Korea | Taiwan |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 300 TWD (9.30 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 600 TWD (18.60 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 800 TWD (24.80 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 600 TWD (18.60 USD) |
Gym Membership | 80,000 KRW (60 USD) | 2,000 TWD (62 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 1,500 TWD (46.50 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 200 TWD (6.20 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 300 TWD (9.30 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 800 TWD (24.80 USD) |
Bowling | 10,000 KRW (7.50 USD) | 300 TWD (9.30 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 400 TWD (12.40 USD) |
Video Games | 30,000 KRW (22.50 USD) | 1,500 TWD (46.50 USD) |
Streaming Services | 20,000 KRW (15 USD) | 200 TWD (6.20 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 1,000 TWD (31 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 5,000 TWD (155 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 1.18 times less for entertainment, recreation and fun activities.
Indicators | South Korea | Taiwan |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 1,000 TWD (31 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 800 TWD (24.80 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 600 TWD (18.60 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 500 TWD (15.50 USD) |
Music Lessons | 40,000 KRW (30 USD) | 1,000 TWD (31 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 800 TWD (24.80 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 300 TWD (9.30 USD) |
Educational Software | 100,000 KRW (75 USD) | 500 TWD (15.50 USD) |
If you lived in South Korea, instead of Taiwan, you would have to pay 2.53 times more for Private Classes.
Indicators | South Korea | Taiwan |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 50,000 TWD (1,550 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 35,000 TWD (1,085 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 933.33 TWD per hour (28.93 USD) |
Average Bonus | 500,000 KRW (375 USD) | 5,000 TWD (155 USD) |
Income Tax Rate | 0 to 10 % | 0 to 5 % |
Social Security Contributions | 5 % | 6 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 60 | 70 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 45,000 TWD (1,395 USD) |
If you lived in South Korea, you would earn 1.51 times more salary as compared to Taiwan.
Indicators | South Korea | Taiwan |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 2,000 TWD (62 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 1,800 TWD (55.80 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 1,500 TWD (46.50 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 1,200 TWD (37.20 USD) |
Professional Services cost 1.15 times more in South Korea, as compared to Taiwan.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Taiwan.
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