Published: Monday, 21th October 2024
The cost of living in South Korea is 1306.45 times more expensive as compared to Venezuela.
On this page, you will find side-by-side cost comparison between South Korea and Venezuela. 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 Venezuela.
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Indicators | South Korea | Venezuela |
---|---|---|
1 BHK Apartment in City Center | 800,000 KRW (600 USD) | 7,838.96 VES (2.35 USD) |
2 BHK Apartment in City Center | 1,500,000 KRW (1,125 USD) | 13,670 VES (4.10 USD) |
3 BHK Apartment in City Center | 2,500,000 KRW (1,875 USD) | 18,800 VES (5.64 USD) |
1 BHK Apartment outside City Center | 500,000 KRW (375 USD) | 5,000 VES (1.50 USD) |
2 BHK Apartment outside City Center | 1,000,000 KRW (750 USD) | 8,500 VES (2.55 USD) |
3 BHK Apartment outside City Center | 1,500,000 KRW (1,125 USD) | 12,000 VES (3.60 USD) |
Mortgage Rates Per Month | 3 % | 4 % |
Realtor Commission | 1 % | 4 % |
Property Taxes | 0.15 to 0.5 % | 0.1 to 0.5 % |
The average housing cost in South Korea is 293.41 times more expensive than Venezuela.
Indicators | South Korea | Venezuela |
---|---|---|
Basic Home Furnishing | 2,000,000 KRW (1,500 USD) | 2,000 VES (0.60 USD) |
Electricity Cost Per Month | 50,000 KRW (37.50 USD) | 100 VES (0.03 USD) |
Heating Cost Per Month | 70,000 KRW (52.50 USD) | 50 VES (0.01 USD) |
Cooling Cost Per Month | 40,000 KRW (30 USD) | 40 VES (0.01 USD) |
Water Supply Cost Per Month | 20,000 KRW (15 USD) | 30 VES (0.01 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 245395.50% more for Utilities.
The basic home furnishing in South Korea costs 2500.00 times more compared to Venezuela.
Indicators | South Korea | Venezuela |
---|---|---|
Standard Wifi Cost Per Month | 30,000 KRW (22.50 USD) | 80 VES (0.02 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 KRW (22.50 USD) | 50 VES (0.01 USD) |
Landline Basic Plan Cost Per Month | 10,000 KRW (7.50 USD) | 30 VES (0.01 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 KRW (15 USD) | 90 VES (0.03 USD) |
The internet and communication costs 89900.00% more in South Korea compared to Venezuela.
Indicators | South Korea | Venezuela |
---|---|---|
Long Grain Rice (1 KG) | 4,000 KRW (3 USD) | 15 VES (0 USD) |
Milk (1 Liter) | 2,000 KRW (1.50 USD) | 10 VES (0 USD) |
Water (1 Liter) | 1,000 KRW (0.75 USD) | 5 VES (0 USD) |
Bread (500 gm) | 2,500 KRW (1.88 USD) | 6 VES (0 USD) |
Eggs (1 Dozen) | 3,000 KRW (2.25 USD) | 12 VES (0 USD) |
Cheese (1 KG) | 8,000 KRW (6 USD) | 25 VES (0.01 USD) |
Chicken Breast (1 KG) | 10,000 KRW (7.50 USD) | 20 VES (0.01 USD) |
In South Korea, the cost of 1 Liter Water and 1 Liter Milk is 500.00 times more expensive than the cost in Venezuela.
If you lived in South Korea, instead of Venezuela, you would have to pay 81889.25% more for Groceries.
Indicators | South Korea | Venezuela |
---|---|---|
Apples (1 KG) | 5,000 KRW (3.75 USD) | 15 VES (0 USD) |
Bananas (1 KG) | 3,000 KRW (2.25 USD) | 10 VES (0 USD) |
Oranges (1 KG) | 4,000 KRW (3 USD) | 12 VES (0 USD) |
Tomatoes (1 KG) | 3,500 KRW (2.63 USD) | 10 VES (0 USD) |
Potatoes (1 KG) | 2,500 KRW (1.88 USD) | 8 VES (0 USD) |
Lemons (1 KG) | 5,000 KRW (3.75 USD) | 15 VES (0 USD) |
Onions (1 KG) | 3,000 KRW (2.25 USD) | 10 VES (0 USD) |
Lentils (1 KG) | 6,000 KRW (4.50 USD) | 15 VES (0 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 842.11 times more for Fruits and Vegetables.
Indicators | South Korea | Venezuela |
---|---|---|
Meal at a Resonable Restaurant | 12,000 KRW (9 USD) | 40 VES (0.01 USD) |
Three-Course Meal for Two | 50,000 KRW (37.50 USD) | 100 VES (0.03 USD) |
Fast Food Combo Meal | 8,000 KRW (6 USD) | 25 VES (0.01 USD) |
Normal Coffee | 4,000 KRW (3 USD) | 10 VES (0 USD) |
Soft Drink | 2,500 KRW (1.88 USD) | 7 VES (0 USD) |
Pizza for One | 20,000 KRW (15 USD) | 60 VES (0.02 USD) |
Take-Out Delivery Meal | 12,000 KRW (9 USD) | 50 VES (0.01 USD) |
Cigarette Pack of 20 | 5,000 KRW (3.75 USD) | 15 VES (0 USD) |
Dining-Out costs 92326.71% more in South Korea compared to Venezuela.
Indicators | South Korea | Venezuela |
---|---|---|
Wine Mid-Range Bottle | 30,000 KRW (22.50 USD) | 50 VES (0.01 USD) |
Glass of Wine | 10,000 KRW (7.50 USD) | 20 VES (0.01 USD) |
Domestic Beer Half Liter | 3,000 KRW (2.25 USD) | 12 VES (0 USD) |
Imported Beer Half Liter | 4,000 KRW (3 USD) | 18 VES (0.01 USD) |
Domestic Alcohol 1 Liter | 15,000 KRW (11.25 USD) | 30 VES (0.01 USD) |
Branded Alcohol 1 Liter | 30,000 KRW (22.50 USD) | 50 VES (0.01 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 1277.78 times more for usual hard drinks.
Indicators | South Korea | Venezuela |
---|---|---|
Monthly Public Transportation Pass | 60,000 KRW (45 USD) | 50 VES (0.01 USD) |
Single Public Transportation Ticket | 1,200 KRW (0.90 USD) | 5 VES (0 USD) |
Single Train Ticket | 70,000 KRW (52.50 USD) | Yet to Update () |
Domestic Airplane Ticket | 200,000 KRW (150 USD) | 300 VES (0.09 USD) |
Taxi Start Fare | 3,000 KRW (2.25 USD) | 20 VES (0.01 USD) |
Taxi Rate Per Kilometer | 1,000 KRW (0.75 USD) | 10 VES (0 USD) |
Car Rental Per Day | 70,000 KRW (52.50 USD) | 60 VES (0.02 USD) |
Parking Fees in City Center Per Hour | 3,000 KRW (2.25 USD) | 20 VES (0.01 USD) |
Parking Fees outside City Center Per Hour | 1,500 KRW (1.13 USD) | 10 VES (0 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 2156.32 times more for transportation.
Indicators | South Korea | Venezuela |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 KRW (22,500 USD) | 30,000 VES (9 USD) |
Vehicle Registration Cost | 200,000 KRW (150 USD) | 300 VES (0.09 USD) |
Driving License Fees | 50,000 KRW (37.50 USD) | 50 VES (0.01 USD) |
Car Insurance Cost | 500,000 KRW (375 USD) | 1,000 VES (0.30 USD) |
Car Maintenance Cost | 150,000 KRW (112.50 USD) | 100 VES (0.03 USD) |
Car Loan Interest Rates | 4 % | 7 % |
Fuel Per Liter | 1,500 KRW (1.13 USD) | 10 VES (0 USD) |
Fuel Per Gallon | 6,000 KRW (4.50 USD) | 40 VES (0.01 USD) |
Average Toll Fees | 5,000 KRW 3.75 USD | Yet to Update |
You would have to pay 2453.37 times more for Vehicle purchase, daily operation and maintenance in South Korea compared to that of Venezuela.
Indicators | South Korea | Venezuela |
---|---|---|
Doctor Visit | 70,000 KRW (52.50 USD) | 60 VES (0.02 USD) |
Specialist Visit | 150,000 KRW (112.50 USD) | 100 VES (0.03 USD) |
Dentist Visit | 80,000 KRW (60 USD) | 50 VES (0.01 USD) |
Eye Exam | 60,000 KRW (45 USD) | 40 VES (0.01 USD) |
Mental Health Counseling | 100,000 KRW (75 USD) | 60 VES (0.02 USD) |
Preventive Health Screening | 80,000 KRW (60 USD) | 30 VES (0.01 USD) |
Physical Therapy | 70,000 KRW (52.50 USD) | 40 VES (0.01 USD) |
Emergency Room Visit | 150,000 KRW (112.50 USD) | 300 VES (0.09 USD) |
Hospital Stay Per Night | 200,000 KRW (150 USD) | 200 VES (0.06 USD) |
Vaccinations | 30,000 KRW (22.50 USD) | 20 VES (0.01 USD) |
Prescription Medication | 20,000 KRW (15 USD) | 30 VES (0.01 USD) |
Over the Counter Medication | 10,000 KRW (7.50 USD) | 15 VES (0 USD) |
Health Insurance Premiums | 150,000 KRW (112.50 USD) | 90 VES (0.03 USD) |
Health Insurance Deductibles | 30,000 KRW (22.50 USD) | 60 VES (0.02 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 2739.73 times more for Health and Medical Treatment.
Indicators | South Korea | Venezuela |
---|---|---|
Cosmetic Procedures | 500,000 KRW (375 USD) | 300 VES (0.09 USD) |
Spa Treatment | 150,000 KRW (112.50 USD) | 120 VES (0.04 USD) |
Manicure Pedicure Cost | 50,000 KRW (37.50 USD) | 50 VES (0.01 USD) |
Optical Glasses Cost | 150,000 KRW (112.50 USD) | 90 VES (0.03 USD) |
Contact Lenses Cost | 100,000 KRW (75 USD) | 70 VES (0.02 USD) |
Haircuts | 20,000 KRW (15 USD) | 30 VES (0.01 USD) |
Hair Coloring | 80,000 KRW (60 USD) | 60 VES (0.02 USD) |
Shampoo Price | 4,000 KRW (3 USD) | 10 VES (0 USD) |
Toothpaste Price | 2,000 KRW (1.50 USD) | 5 VES (0 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 3591.84 times more for Personal Care Items and Treatment.
Indicators | South Korea | Venezuela |
---|---|---|
Pair of Nike Running Shoes | 100,000 KRW (75 USD) | 150 VES (0.04 USD) |
Men's Shirt | 40,000 KRW (30 USD) | 50 VES (0.01 USD) |
Women's Dress | 80,000 KRW (60 USD) | 90 VES (0.03 USD) |
Summer Dress | 40,000 KRW (30 USD) | 70 VES (0.02 USD) |
Men's Suit | 500,000 KRW (375 USD) | 500 VES (0.15 USD) |
Men's Jeans | 60,000 KRW (45 USD) | 70 VES (0.02 USD) |
Women's Jeans | 50,000 KRW (37.50 USD) | 70 VES (0.02 USD) |
Men's Formal Shoes | 120,000 KRW (90 USD) | 120 VES (0.04 USD) |
Women's Formal Shoes | 100,000 KRW (75 USD) | 120 VES (0.04 USD) |
Men's Casual Shoes | 80,000 KRW (60 USD) | 80 VES (0.02 USD) |
Women's Casual Shoes | 60,000 KRW (45 USD) | 80 VES (0.02 USD) |
Underwear For Men | 10,000 KRW (7.50 USD) | 25 VES (0.01 USD) |
Underwear For Women | 10,000 KRW (7.50 USD) | 25 VES (0.01 USD) |
Socks For Men | 5,000 KRW (3.75 USD) | 12 VES (0 USD) |
Socks For Women | 5,000 KRW (3.75 USD) | 12 VES (0 USD) |
Wintercoat for Adults | 100,000 KRW (75 USD) | 150 VES (0.04 USD) |
Sportswear | 50,000 KRW (37.50 USD) | 100 VES (0.03 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 2044.66 times more for Clothing and Footwear for Adults.
Indicators | South Korea | Venezuela |
---|---|---|
Children's Jeans | 30,000 KRW (22.50 USD) | 50 VES (0.01 USD) |
Children's Normal Sneakers | 40,000 KRW (30 USD) | 60 VES (0.02 USD) |
Children's Winter Coat | 60,000 KRW (45 USD) | 90 VES (0.03 USD) |
Daycare for Infant | 300,000 KRW (225 USD) | 300 VES (0.09 USD) |
Daycare for Toddler | 250,000 KRW (187.50 USD) | 250 VES (0.07 USD) |
Childcare for Sick Days | 50,000 KRW (37.50 USD) | 150 VES (0.04 USD) |
Early Childhood Education Programs | 500,000 KRW (375 USD) | 150 VES (0.04 USD) |
Extra Curricular Activities | 100,000 KRW (75 USD) | 120 VES (0.04 USD) |
Summer Camp for Kids | 200,000 KRW (150 USD) | 200 VES (0.06 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 2791.97 times more for Childcare and kids clothing.
Indicators | South Korea | Venezuela |
---|---|---|
PreSchool Fees | 200,000 KRW (150 USD) | 200 VES (0.06 USD) |
Primary School Fees | 500,000 KRW (375 USD) | 500 VES (0.15 USD) |
Secondary School Fees | 700,000 KRW (525 USD) | 600 VES (0.18 USD) |
Private School Fees | 1,000,000 KRW (750 USD) | 1,000 VES (0.30 USD) |
University Tuition Fees | 2,000,000 KRW (1,500 USD) | 2,000 VES (0.60 USD) |
University Private Tuition Fees | 4,000,000 KRW (3,000 USD) | 3,000 VES (0.90 USD) |
After School Activities | 100,000 KRW (75 USD) | 100 VES (0.03 USD) |
Special Education Services | 300,000 KRW (225 USD) | 150 VES (0.04 USD) |
Tutoring | 50,000 KRW (37.50 USD) | 80 VES (0.02 USD) |
Textbooks Cost | 100,000 KRW (75 USD) | 100 VES (0.03 USD) |
School Supplies | 30,000 KRW (22.50 USD) | 50 VES (0.01 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 2885.60 times more for school and education.
Indicators | South Korea | Venezuela |
---|---|---|
Movie Ticket (Single) | 12,000 KRW (9 USD) | 20 VES (0.01 USD) |
Theater Ticket (Single) | 30,000 KRW (22.50 USD) | 40 VES (0.01 USD) |
Concert Ticket (Single) | 70,000 KRW (52.50 USD) | 50 VES (0.01 USD) |
Sports Event Ticket (Single) | 50,000 KRW (37.50 USD) | 45 VES (0.01 USD) |
Gym Membership | 80,000 KRW (60 USD) | 70 VES (0.02 USD) |
Swimming Pool Access | 30,000 KRW (22.50 USD) | 60 VES (0.02 USD) |
Museum Entry Ticket | 5,000 KRW (3.75 USD) | 25 VES (0.01 USD) |
Zoo Entry Ticket | 10,000 KRW (7.50 USD) | 30 VES (0.01 USD) |
Amusement Park Entry Ticket | 20,000 KRW (15 USD) | 50 VES (0.01 USD) |
Bowling | 10,000 KRW (7.50 USD) | 30 VES (0.01 USD) |
Mini Golf | 15,000 KRW (11.25 USD) | 25 VES (0.01 USD) |
Video Games | 30,000 KRW (22.50 USD) | 60 VES (0.02 USD) |
Streaming Services | 20,000 KRW (15 USD) | 30 VES (0.01 USD) |
Outdoor Equipment Rental | 10,000 KRW (7.50 USD) | 50 VES (0.01 USD) |
Theme Park Annual Pass | 150,000 KRW (112.50 USD) | 250 VES (0.07 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 1622.75 times more for entertainment, recreation and fun activities.
Indicators | South Korea | Venezuela |
---|---|---|
Language Classes | 200,000 KRW (150 USD) | 80 VES (0.02 USD) |
Parenting Classes | 150,000 KRW (112.50 USD) | 80 VES (0.02 USD) |
Art Classes | 25,000 KRW (18.75 USD) | 60 VES (0.02 USD) |
Fitness Classes | 20,000 KRW (15 USD) | 35 VES (0.01 USD) |
Music Lessons | 40,000 KRW (30 USD) | 50 VES (0.01 USD) |
Dance Lessons | 30,000 KRW (22.50 USD) | 45 VES (0.01 USD) |
Reading Materials for Classes | 10,000 KRW (7.50 USD) | 35 VES (0.01 USD) |
Educational Software | 100,000 KRW (75 USD) | 60 VES (0.02 USD) |
If you lived in South Korea, instead of Venezuela, you would have to pay 3230.34 times more for Private Classes.
Indicators | South Korea | Venezuela |
---|---|---|
Average Gross Monthly Salary | 3,000,000 KRW (2,250 USD) | 5,000 VES (1.50 USD) |
Average Net Monthly Salary | 2,400,000 KRW (1,800 USD) | 3,500 VES (1.05 USD) |
Minimum Wages | 83,333.33 KRW per hour (62.50 USD) | 66.67 VES per hour (0.02 USD) |
Average Bonus | 500,000 KRW (375 USD) | 500 VES (0.15 USD) |
Income Tax Rate | 0 to 10 % | 0 to 16 % |
Social Security Contributions | 5 % | 7 % |
Pension Contributions | 5 % | 7 % |
Cost of Living Index | 60 | 35 |
Median Household Income | 2,500,000 KRW (1,875 USD) | 4,000 VES (1.20 USD) |
If you lived in South Korea, you would earn 1623.09 times more salary as compared to Venezuela.
Indicators | South Korea | Venezuela |
---|---|---|
Legal Consultation Per Hour Rate | 100,000 KRW (75 USD) | 150 VES (0.04 USD) |
Accounting Services Per Hour Rate | 80,000 KRW (60 USD) | 120 VES (0.04 USD) |
IT Support Services Per Hour Rate | 70,000 KRW (52.50 USD) | 100 VES (0.03 USD) |
Technician Services Per Hour Rate | 60,000 KRW (45 USD) | 80 VES (0.02 USD) |
Professional Services cost 1722.22 times more in South Korea, as compared to Venezuela.
We hope you enjoyed the detailed guide on the cost of living comparsion between South Korea and Venezuela.
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