Published: Monday, 21th October 2024
The cost of living in Sri Lanka is 4.16 times less expensive as compared to South Korea.
On this page, you will find side-by-side cost comparison between Sri Lanka and South Korea. 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 Sri Lanka and South Korea.
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Indicators | Sri Lanka | South Korea |
---|---|---|
1 BHK Apartment in City Center | 60,000 LKR (186 USD) | 800,000 KRW (600 USD) |
2 BHK Apartment in City Center | 90,000 LKR (279 USD) | 1,500,000 KRW (1,125 USD) |
3 BHK Apartment in City Center | 120,000 LKR (372 USD) | 2,500,000 KRW (1,875 USD) |
1 BHK Apartment outside City Center | 30,000 LKR (93 USD) | 500,000 KRW (375 USD) |
2 BHK Apartment outside City Center | 45,000 LKR (139.50 USD) | 1,000,000 KRW (750 USD) |
3 BHK Apartment outside City Center | 60,000 LKR (186 USD) | 1,500,000 KRW (1,125 USD) |
Mortgage Rates Per Month | 7.5 % | 3 % |
Realtor Commission | 1 % | 1 % |
Property Taxes | 0.2 to 0.4 % | 0.15 to 0.5 % |
The average housing cost in Sri Lanka is 4.46 times less expensive than South Korea.
Indicators | Sri Lanka | South Korea |
---|---|---|
Basic Home Furnishing | 200,000 LKR (620 USD) | 2,000,000 KRW (1,500 USD) |
Electricity Cost Per Month | 5,000 LKR (15.50 USD) | 50,000 KRW (37.50 USD) |
Heating Cost Per Month | 3,000 LKR (9.30 USD) | 70,000 KRW (52.50 USD) |
Cooling Cost Per Month | 3,500 LKR (10.85 USD) | 40,000 KRW (30 USD) |
Water Supply Cost Per Month | 1,500 LKR (4.65 USD) | 20,000 KRW (15 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 59.61% less for Utilities.
The basic home furnishing in Sri Lanka costs 2.42 times less compared to South Korea.
Indicators | Sri Lanka | South Korea |
---|---|---|
Standard Wifi Cost Per Month | 2,500 LKR (7.75 USD) | 30,000 KRW (22.50 USD) |
Mobile Phone Basic Plan Cost Per Month | 1,500 LKR (4.65 USD) | 30,000 KRW (22.50 USD) |
Landline Basic Plan Cost Per Month | 1,000 LKR (3.10 USD) | 10,000 KRW (7.50 USD) |
Cable TV Basic Plan Cost Per Month | 2,000 LKR (6.20 USD) | 20,000 KRW (15 USD) |
The internet and communication costs 67.85% less in Sri Lanka compared to South Korea.
Indicators | Sri Lanka | South Korea |
---|---|---|
Long Grain Rice (1 KG) | 250 LKR (0.78 USD) | 4,000 KRW (3 USD) |
Milk (1 Liter) | 200 LKR (0.62 USD) | 2,000 KRW (1.50 USD) |
Water (1 Liter) | 50 LKR (0.15 USD) | 1,000 KRW (0.75 USD) |
Bread (500 gm) | 150 LKR (0.46 USD) | 2,500 KRW (1.88 USD) |
Eggs (1 Dozen) | 400 LKR (1.24 USD) | 3,000 KRW (2.25 USD) |
Cheese (1 KG) | 1,000 LKR (3.10 USD) | 8,000 KRW (6 USD) |
Chicken Breast (1 KG) | 1,200 LKR (3.72 USD) | 10,000 KRW (7.50 USD) |
In Sri Lanka, the cost of 1 Liter Water and 1 Liter Milk is 2.90 times less expensive than the cost in South Korea.
If you lived in Sri Lanka, instead of South Korea, you would have to pay 55.96% less for Groceries.
Indicators | Sri Lanka | South Korea |
---|---|---|
Apples (1 KG) | 500 LKR (1.55 USD) | 5,000 KRW (3.75 USD) |
Bananas (1 KG) | 150 LKR (0.46 USD) | 3,000 KRW (2.25 USD) |
Oranges (1 KG) | 300 LKR (0.93 USD) | 4,000 KRW (3 USD) |
Tomatoes (1 KG) | 200 LKR (0.62 USD) | 3,500 KRW (2.63 USD) |
Potatoes (1 KG) | 150 LKR (0.46 USD) | 2,500 KRW (1.88 USD) |
Lemons (1 KG) | 400 LKR (1.24 USD) | 5,000 KRW (3.75 USD) |
Onions (1 KG) | 200 LKR (0.62 USD) | 3,000 KRW (2.25 USD) |
Lentils (1 KG) | 300 LKR (0.93 USD) | 6,000 KRW (4.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 3.52 times less for Fruits and Vegetables.
Indicators | Sri Lanka | South Korea |
---|---|---|
Meal at a Resonable Restaurant | 1,500 LKR (4.65 USD) | 12,000 KRW (9 USD) |
Three-Course Meal for Two | 4,500 LKR (13.95 USD) | 50,000 KRW (37.50 USD) |
Fast Food Combo Meal | 700 LKR (2.17 USD) | 8,000 KRW (6 USD) |
Normal Coffee | 300 LKR (0.93 USD) | 4,000 KRW (3 USD) |
Soft Drink | 150 LKR (0.46 USD) | 2,500 KRW (1.88 USD) |
Pizza for One | 1,200 LKR (3.72 USD) | 20,000 KRW (15 USD) |
Take-Out Delivery Meal | 1,200 LKR (3.72 USD) | 12,000 KRW (9 USD) |
Cigarette Pack of 20 | 500 LKR (1.55 USD) | 5,000 KRW (3.75 USD) |
Dining-Out costs 63.40% less in Sri Lanka compared to South Korea.
Indicators | Sri Lanka | South Korea |
---|---|---|
Wine Mid-Range Bottle | 2,500 LKR (7.75 USD) | 30,000 KRW (22.50 USD) |
Glass of Wine | 1,000 LKR (3.10 USD) | 10,000 KRW (7.50 USD) |
Domestic Beer Half Liter | 250 LKR (0.78 USD) | 3,000 KRW (2.25 USD) |
Imported Beer Half Liter | 500 LKR (1.55 USD) | 4,000 KRW (3 USD) |
Domestic Alcohol 1 Liter | 1,000 LKR (3.10 USD) | 15,000 KRW (11.25 USD) |
Branded Alcohol 1 Liter | 2,000 LKR (6.20 USD) | 30,000 KRW (22.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 3.07 times less for usual hard drinks.
Indicators | Sri Lanka | South Korea |
---|---|---|
Monthly Public Transportation Pass | 2,000 LKR (6.20 USD) | 60,000 KRW (45 USD) |
Single Public Transportation Ticket | 100 LKR (0.31 USD) | 1,200 KRW (0.90 USD) |
Single Train Ticket | Yet to Update () | 70,000 KRW (52.50 USD) |
Domestic Airplane Ticket | 15,000 LKR (46.50 USD) | 200,000 KRW (150 USD) |
Taxi Start Fare | 300 LKR (0.93 USD) | 3,000 KRW (2.25 USD) |
Taxi Rate Per Kilometer | 100 LKR (0.31 USD) | 1,000 KRW (0.75 USD) |
Car Rental Per Day | 4,000 LKR (12.40 USD) | 70,000 KRW (52.50 USD) |
Parking Fees in City Center Per Hour | 100 LKR (0.31 USD) | 3,000 KRW (2.25 USD) |
Parking Fees outside City Center Per Hour | 50 LKR (0.15 USD) | 1,500 KRW (1.13 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 4.58 times less for transportation.
Indicators | Sri Lanka | South Korea |
---|---|---|
Reasonable Vehicle Purchase Cost | 2,000,000 LKR (6,200 USD) | 30,000,000 KRW (22,500 USD) |
Vehicle Registration Cost | 10,000 LKR (31 USD) | 200,000 KRW (150 USD) |
Driving License Fees | 2,000 LKR (6.20 USD) | 50,000 KRW (37.50 USD) |
Car Insurance Cost | 20,000 LKR (62 USD) | 500,000 KRW (375 USD) |
Car Maintenance Cost | 5,000 LKR (15.50 USD) | 150,000 KRW (112.50 USD) |
Car Loan Interest Rates | 9 % | 4 % |
Fuel Per Liter | 250 LKR (0.78 USD) | 1,500 KRW (1.13 USD) |
Fuel Per Gallon | 950 LKR (2.94 USD) | 6,000 KRW (4.50 USD) |
Average Toll Fees | Yet to Update | 5,000 KRW 3.75 USD |
You would have to pay 3.67 times less for Vehicle purchase, daily operation and maintenance in Sri Lanka compared to that of South Korea.
Indicators | Sri Lanka | South Korea |
---|---|---|
Doctor Visit | 3,000 LKR (9.30 USD) | 70,000 KRW (52.50 USD) |
Specialist Visit | 5,000 LKR (15.50 USD) | 150,000 KRW (112.50 USD) |
Dentist Visit | 4,000 LKR (12.40 USD) | 80,000 KRW (60 USD) |
Eye Exam | 2,500 LKR (7.75 USD) | 60,000 KRW (45 USD) |
Mental Health Counseling | 4,000 LKR (12.40 USD) | 100,000 KRW (75 USD) |
Preventive Health Screening | 2,000 LKR (6.20 USD) | 80,000 KRW (60 USD) |
Physical Therapy | 3,000 LKR (9.30 USD) | 70,000 KRW (52.50 USD) |
Emergency Room Visit | 10,000 LKR (31 USD) | 150,000 KRW (112.50 USD) |
Hospital Stay Per Night | 15,000 LKR (46.50 USD) | 200,000 KRW (150 USD) |
Vaccinations | 1,000 LKR (3.10 USD) | 30,000 KRW (22.50 USD) |
Prescription Medication | 1,500 LKR (4.65 USD) | 20,000 KRW (15 USD) |
Over the Counter Medication | 1,000 LKR (3.10 USD) | 10,000 KRW (7.50 USD) |
Health Insurance Premiums | 10,000 LKR (31 USD) | 150,000 KRW (112.50 USD) |
Health Insurance Deductibles | 20,000 LKR (62 USD) | 30,000 KRW (22.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 3.54 times less for Health and Medical Treatment.
Indicators | Sri Lanka | South Korea |
---|---|---|
Cosmetic Procedures | 20,000 LKR (62 USD) | 500,000 KRW (375 USD) |
Spa Treatment | 5,000 LKR (15.50 USD) | 150,000 KRW (112.50 USD) |
Manicure Pedicure Cost | 1,500 LKR (4.65 USD) | 50,000 KRW (37.50 USD) |
Optical Glasses Cost | 5,000 LKR (15.50 USD) | 150,000 KRW (112.50 USD) |
Contact Lenses Cost | 3,000 LKR (9.30 USD) | 100,000 KRW (75 USD) |
Haircuts | 1,000 LKR (3.10 USD) | 20,000 KRW (15 USD) |
Hair Coloring | 3,000 LKR (9.30 USD) | 80,000 KRW (60 USD) |
Shampoo Price | 400 LKR (1.24 USD) | 4,000 KRW (3 USD) |
Toothpaste Price | 150 LKR (0.46 USD) | 2,000 KRW (1.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 6.54 times less for Personal Care Items and Treatment.
Indicators | Sri Lanka | South Korea |
---|---|---|
Pair of Nike Running Shoes | 15,000 LKR (46.50 USD) | 100,000 KRW (75 USD) |
Men's Shirt | 3,000 LKR (9.30 USD) | 40,000 KRW (30 USD) |
Women's Dress | 6,000 LKR (18.60 USD) | 80,000 KRW (60 USD) |
Summer Dress | 4,000 LKR (12.40 USD) | 40,000 KRW (30 USD) |
Men's Suit | 25,000 LKR (77.50 USD) | 500,000 KRW (375 USD) |
Men's Jeans | 4,000 LKR (12.40 USD) | 60,000 KRW (45 USD) |
Women's Jeans | 4,000 LKR (12.40 USD) | 50,000 KRW (37.50 USD) |
Men's Formal Shoes | 6,000 LKR (18.60 USD) | 120,000 KRW (90 USD) |
Women's Formal Shoes | 6,000 LKR (18.60 USD) | 100,000 KRW (75 USD) |
Men's Casual Shoes | 5,000 LKR (15.50 USD) | 80,000 KRW (60 USD) |
Women's Casual Shoes | 5,000 LKR (15.50 USD) | 60,000 KRW (45 USD) |
Underwear For Men | 500 LKR (1.55 USD) | 10,000 KRW (7.50 USD) |
Underwear For Women | 500 LKR (1.55 USD) | 10,000 KRW (7.50 USD) |
Socks For Men | 300 LKR (0.93 USD) | 5,000 KRW (3.75 USD) |
Socks For Women | 300 LKR (0.93 USD) | 5,000 KRW (3.75 USD) |
Wintercoat for Adults | 8,000 LKR (24.80 USD) | 100,000 KRW (75 USD) |
Sportswear | 5,000 LKR (15.50 USD) | 50,000 KRW (37.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 3.50 times less for Clothing and Footwear for Adults.
Indicators | Sri Lanka | South Korea |
---|---|---|
Children's Jeans | 2,500 LKR (7.75 USD) | 30,000 KRW (22.50 USD) |
Children's Normal Sneakers | 3,500 LKR (10.85 USD) | 40,000 KRW (30 USD) |
Children's Winter Coat | 4,000 LKR (12.40 USD) | 60,000 KRW (45 USD) |
Daycare for Infant | 20,000 LKR (62 USD) | 300,000 KRW (225 USD) |
Daycare for Toddler | 25,000 LKR (77.50 USD) | 250,000 KRW (187.50 USD) |
Childcare for Sick Days | 2,000 LKR (6.20 USD) | 50,000 KRW (37.50 USD) |
Early Childhood Education Programs | 20,000 LKR (62 USD) | 500,000 KRW (375 USD) |
Extra Curricular Activities | 5,000 LKR (15.50 USD) | 100,000 KRW (75 USD) |
Summer Camp for Kids | 10,000 LKR (31 USD) | 200,000 KRW (150 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 4.02 times less for Childcare and kids clothing.
Indicators | Sri Lanka | South Korea |
---|---|---|
PreSchool Fees | 30,000 LKR (93 USD) | 200,000 KRW (150 USD) |
Primary School Fees | 50,000 LKR (155 USD) | 500,000 KRW (375 USD) |
Secondary School Fees | 60,000 LKR (186 USD) | 700,000 KRW (525 USD) |
Private School Fees | 80,000 LKR (248 USD) | 1,000,000 KRW (750 USD) |
University Tuition Fees | 150,000 LKR (465 USD) | 2,000,000 KRW (1,500 USD) |
University Private Tuition Fees | 300,000 LKR (930 USD) | 4,000,000 KRW (3,000 USD) |
After School Activities | 5,000 LKR (15.50 USD) | 100,000 KRW (75 USD) |
Special Education Services | 15,000 LKR (46.50 USD) | 300,000 KRW (225 USD) |
Tutoring | 2,000 LKR (6.20 USD) | 50,000 KRW (37.50 USD) |
Textbooks Cost | 4,000 LKR (12.40 USD) | 100,000 KRW (75 USD) |
School Supplies | 2,000 LKR (6.20 USD) | 30,000 KRW (22.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 3.11 times less for school and education.
Indicators | Sri Lanka | South Korea |
---|---|---|
Movie Ticket (Single) | 800 LKR (2.48 USD) | 12,000 KRW (9 USD) |
Theater Ticket (Single) | 1,200 LKR (3.72 USD) | 30,000 KRW (22.50 USD) |
Concert Ticket (Single) | 2,000 LKR (6.20 USD) | 70,000 KRW (52.50 USD) |
Sports Event Ticket (Single) | 1,500 LKR (4.65 USD) | 50,000 KRW (37.50 USD) |
Gym Membership | 2,000 LKR (6.20 USD) | 80,000 KRW (60 USD) |
Swimming Pool Access | 1,500 LKR (4.65 USD) | 30,000 KRW (22.50 USD) |
Museum Entry Ticket | 500 LKR (1.55 USD) | 5,000 KRW (3.75 USD) |
Zoo Entry Ticket | 800 LKR (2.48 USD) | 10,000 KRW (7.50 USD) |
Amusement Park Entry Ticket | 1,000 LKR (3.10 USD) | 20,000 KRW (15 USD) |
Bowling | 800 LKR (2.48 USD) | 10,000 KRW (7.50 USD) |
Mini Golf | 1,000 LKR (3.10 USD) | 15,000 KRW (11.25 USD) |
Video Games | 2,000 LKR (6.20 USD) | 30,000 KRW (22.50 USD) |
Streaming Services | 500 LKR (1.55 USD) | 20,000 KRW (15 USD) |
Outdoor Equipment Rental | 1,000 LKR (3.10 USD) | 10,000 KRW (7.50 USD) |
Theme Park Annual Pass | 10,000 LKR (31 USD) | 150,000 KRW (112.50 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 4.93 times less for entertainment, recreation and fun activities.
Indicators | Sri Lanka | South Korea |
---|---|---|
Language Classes | 10,000 LKR (31 USD) | 200,000 KRW (150 USD) |
Parenting Classes | 2,000 LKR (6.20 USD) | 150,000 KRW (112.50 USD) |
Art Classes | 1,500 LKR (4.65 USD) | 25,000 KRW (18.75 USD) |
Fitness Classes | 1,500 LKR (4.65 USD) | 20,000 KRW (15 USD) |
Music Lessons | 2,000 LKR (6.20 USD) | 40,000 KRW (30 USD) |
Dance Lessons | 1,500 LKR (4.65 USD) | 30,000 KRW (22.50 USD) |
Reading Materials for Classes | 500 LKR (1.55 USD) | 10,000 KRW (7.50 USD) |
Educational Software | 5,000 LKR (15.50 USD) | 100,000 KRW (75 USD) |
If you lived in Sri Lanka, instead of South Korea, you would have to pay 5.80 times less for Private Classes.
Indicators | Sri Lanka | South Korea |
---|---|---|
Average Gross Monthly Salary | 60,000 LKR (186 USD) | 3,000,000 KRW (2,250 USD) |
Average Net Monthly Salary | 45,000 LKR (139.50 USD) | 2,400,000 KRW (1,800 USD) |
Minimum Wages | 666.67 LKR per hour (2.07 USD) | 83,333.33 KRW per hour (62.50 USD) |
Average Bonus | 10,000 LKR (31 USD) | 500,000 KRW (375 USD) |
Income Tax Rate | 0 to 15 % | 0 to 10 % |
Social Security Contributions | 5 % | 5 % |
Pension Contributions | 3 % | 5 % |
Cost of Living Index | 30 | 60 |
Median Household Income | 50,000 LKR (155 USD) | 2,500,000 KRW (1,875 USD) |
If you lived in Sri Lanka, you would earn 12.39 times less salary as compared to South Korea.
Indicators | Sri Lanka | South Korea |
---|---|---|
Legal Consultation Per Hour Rate | 5,000 LKR (15.50 USD) | 100,000 KRW (75 USD) |
Accounting Services Per Hour Rate | 4,000 LKR (12.40 USD) | 80,000 KRW (60 USD) |
IT Support Services Per Hour Rate | 3,000 LKR (9.30 USD) | 70,000 KRW (52.50 USD) |
Technician Services Per Hour Rate | 2,500 LKR (7.75 USD) | 60,000 KRW (45 USD) |
Professional Services cost 5.17 times less in Sri Lanka, as compared to South Korea.
We hope you enjoyed the detailed guide on the cost of living comparsion between Sri Lanka and South Korea.
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