Published: Monday, 21th October 2024
The cost of living in Trinidad and Tobago is 1.58 times less expensive as compared to South Korea.
On this page, you will find side-by-side cost comparison between Trinidad and Tobago 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 Trinidad and Tobago and South Korea.
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Indicators | Trinidad and Tobago | South Korea |
---|---|---|
1 BHK Apartment in City Center | 3,500 TTD (514.50 USD) | 800,000 KRW (600 USD) |
2 BHK Apartment in City Center | 5,500 TTD (808.50 USD) | 1,500,000 KRW (1,125 USD) |
3 BHK Apartment in City Center | 8,000 TTD (1,176 USD) | 2,500,000 KRW (1,875 USD) |
1 BHK Apartment outside City Center | 2,500 TTD (367.50 USD) | 500,000 KRW (375 USD) |
2 BHK Apartment outside City Center | 4,000 TTD (588 USD) | 1,000,000 KRW (750 USD) |
3 BHK Apartment outside City Center | 6,000 TTD (882 USD) | 1,500,000 KRW (1,125 USD) |
Mortgage Rates Per Month | 6 % | 3 % |
Realtor Commission | 3 % | 1 % |
Property Taxes | 0.5 to 3.0 % | 0.15 to 0.5 % |
The average housing cost in Trinidad and Tobago is 1.36 times less expensive than South Korea.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Basic Home Furnishing | 20,000 TTD (2,940 USD) | 2,000,000 KRW (1,500 USD) |
Electricity Cost Per Month | 200 TTD (29.40 USD) | 50,000 KRW (37.50 USD) |
Heating Cost Per Month | 150 TTD (22.05 USD) | 70,000 KRW (52.50 USD) |
Cooling Cost Per Month | 200 TTD (29.40 USD) | 40,000 KRW (30 USD) |
Water Supply Cost Per Month | 100 TTD (14.70 USD) | 20,000 KRW (15 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 85.66% more for Utilities.
The basic home furnishing in Trinidad and Tobago costs 1.96 times more compared to South Korea.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Standard Wifi Cost Per Month | 150 TTD (22.05 USD) | 30,000 KRW (22.50 USD) |
Mobile Phone Basic Plan Cost Per Month | 80 TTD (11.76 USD) | 30,000 KRW (22.50 USD) |
Landline Basic Plan Cost Per Month | 50 TTD (7.35 USD) | 10,000 KRW (7.50 USD) |
Cable TV Basic Plan Cost Per Month | 200 TTD (29.40 USD) | 20,000 KRW (15 USD) |
The internet and communication costs 4.53% more in Trinidad and Tobago compared to South Korea.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Long Grain Rice (1 KG) | 12 TTD (1.76 USD) | 4,000 KRW (3 USD) |
Milk (1 Liter) | 10 TTD (1.47 USD) | 2,000 KRW (1.50 USD) |
Water (1 Liter) | 2 TTD (0.29 USD) | 1,000 KRW (0.75 USD) |
Bread (500 gm) | 6 TTD (0.88 USD) | 2,500 KRW (1.88 USD) |
Eggs (1 Dozen) | 20 TTD (2.94 USD) | 3,000 KRW (2.25 USD) |
Cheese (1 KG) | 40 TTD (5.88 USD) | 8,000 KRW (6 USD) |
Chicken Breast (1 KG) | 35 TTD (5.14 USD) | 10,000 KRW (7.50 USD) |
In Trinidad and Tobago, the cost of 1 Liter Water and 1 Liter Milk is 1.28 times less expensive than the cost in South Korea.
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 19.67% less for Groceries.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Apples (1 KG) | 15 TTD (2.21 USD) | 5,000 KRW (3.75 USD) |
Bananas (1 KG) | 10 TTD (1.47 USD) | 3,000 KRW (2.25 USD) |
Oranges (1 KG) | 12 TTD (1.76 USD) | 4,000 KRW (3 USD) |
Tomatoes (1 KG) | 8 TTD (1.18 USD) | 3,500 KRW (2.63 USD) |
Potatoes (1 KG) | 10 TTD (1.47 USD) | 2,500 KRW (1.88 USD) |
Lemons (1 KG) | 15 TTD (2.21 USD) | 5,000 KRW (3.75 USD) |
Onions (1 KG) | 12 TTD (1.76 USD) | 3,000 KRW (2.25 USD) |
Lentils (1 KG) | 15 TTD (2.21 USD) | 6,000 KRW (4.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.68 times less for Fruits and Vegetables.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Meal at a Resonable Restaurant | 80 TTD (11.76 USD) | 12,000 KRW (9 USD) |
Three-Course Meal for Two | 300 TTD (44.10 USD) | 50,000 KRW (37.50 USD) |
Fast Food Combo Meal | 40 TTD (5.88 USD) | 8,000 KRW (6 USD) |
Normal Coffee | 15 TTD (2.21 USD) | 4,000 KRW (3 USD) |
Soft Drink | 8 TTD (1.18 USD) | 2,500 KRW (1.88 USD) |
Pizza for One | 60 TTD (8.82 USD) | 20,000 KRW (15 USD) |
Take-Out Delivery Meal | 50 TTD (7.35 USD) | 12,000 KRW (9 USD) |
Cigarette Pack of 20 | 25 TTD (3.67 USD) | 5,000 KRW (3.75 USD) |
Dining-Out costs 0.19% less in Trinidad and Tobago compared to South Korea.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Wine Mid-Range Bottle | 120 TTD (17.64 USD) | 30,000 KRW (22.50 USD) |
Glass of Wine | 30 TTD (4.41 USD) | 10,000 KRW (7.50 USD) |
Domestic Beer Half Liter | 15 TTD (2.21 USD) | 3,000 KRW (2.25 USD) |
Imported Beer Half Liter | 25 TTD (3.67 USD) | 4,000 KRW (3 USD) |
Domestic Alcohol 1 Liter | 60 TTD (8.82 USD) | 15,000 KRW (11.25 USD) |
Branded Alcohol 1 Liter | 100 TTD (14.70 USD) | 30,000 KRW (22.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.34 times less for usual hard drinks.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Monthly Public Transportation Pass | 300 TTD (44.10 USD) | 60,000 KRW (45 USD) |
Single Public Transportation Ticket | 5 TTD (0.73 USD) | 1,200 KRW (0.90 USD) |
Single Train Ticket | Yet to Update () | 70,000 KRW (52.50 USD) |
Domestic Airplane Ticket | 500 TTD (73.50 USD) | 200,000 KRW (150 USD) |
Taxi Start Fare | 20 TTD (2.94 USD) | 3,000 KRW (2.25 USD) |
Taxi Rate Per Kilometer | 10 TTD (1.47 USD) | 1,000 KRW (0.75 USD) |
Car Rental Per Day | 200 TTD (29.40 USD) | 70,000 KRW (52.50 USD) |
Parking Fees in City Center Per Hour | 20 TTD (2.94 USD) | 3,000 KRW (2.25 USD) |
Parking Fees outside City Center Per Hour | 10 TTD (1.47 USD) | 1,500 KRW (1.13 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.96 times less for transportation.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Reasonable Vehicle Purchase Cost | 100,000 TTD (14,700 USD) | 30,000,000 KRW (22,500 USD) |
Vehicle Registration Cost | 200 TTD (29.40 USD) | 200,000 KRW (150 USD) |
Driving License Fees | 200 TTD (29.40 USD) | 50,000 KRW (37.50 USD) |
Car Insurance Cost | 1,200 TTD (176.40 USD) | 500,000 KRW (375 USD) |
Car Maintenance Cost | 400 TTD (58.80 USD) | 150,000 KRW (112.50 USD) |
Car Loan Interest Rates | 7 % | 4 % |
Fuel Per Liter | 7 TTD (1.03 USD) | 1,500 KRW (1.13 USD) |
Fuel Per Gallon | 30 TTD (4.41 USD) | 6,000 KRW (4.50 USD) |
Average Toll Fees | Yet to Update | 5,000 KRW 3.75 USD |
You would have to pay 1.55 times less for Vehicle purchase, daily operation and maintenance in Trinidad and Tobago compared to that of South Korea.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Doctor Visit | 150 TTD (22.05 USD) | 70,000 KRW (52.50 USD) |
Specialist Visit | 300 TTD (44.10 USD) | 150,000 KRW (112.50 USD) |
Dentist Visit | 200 TTD (29.40 USD) | 80,000 KRW (60 USD) |
Eye Exam | 50 TTD (7.35 USD) | 60,000 KRW (45 USD) |
Mental Health Counseling | 200 TTD (29.40 USD) | 100,000 KRW (75 USD) |
Preventive Health Screening | 50 TTD (7.35 USD) | 80,000 KRW (60 USD) |
Physical Therapy | 150 TTD (22.05 USD) | 70,000 KRW (52.50 USD) |
Emergency Room Visit | 300 TTD (44.10 USD) | 150,000 KRW (112.50 USD) |
Hospital Stay Per Night | 800 TTD (117.60 USD) | 200,000 KRW (150 USD) |
Vaccinations | 20 TTD (2.94 USD) | 30,000 KRW (22.50 USD) |
Prescription Medication | 20 TTD (2.94 USD) | 20,000 KRW (15 USD) |
Over the Counter Medication | 10 TTD (1.47 USD) | 10,000 KRW (7.50 USD) |
Health Insurance Premiums | 500 TTD (73.50 USD) | 150,000 KRW (112.50 USD) |
Health Insurance Deductibles | 1,000 TTD (147 USD) | 30,000 KRW (22.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.63 times less for Health and Medical Treatment.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Cosmetic Procedures | 1,000 TTD (147 USD) | 500,000 KRW (375 USD) |
Spa Treatment | 300 TTD (44.10 USD) | 150,000 KRW (112.50 USD) |
Manicure Pedicure Cost | 100 TTD (14.70 USD) | 50,000 KRW (37.50 USD) |
Optical Glasses Cost | 200 TTD (29.40 USD) | 150,000 KRW (112.50 USD) |
Contact Lenses Cost | 100 TTD (14.70 USD) | 100,000 KRW (75 USD) |
Haircuts | 50 TTD (7.35 USD) | 20,000 KRW (15 USD) |
Hair Coloring | 150 TTD (22.05 USD) | 80,000 KRW (60 USD) |
Shampoo Price | 15 TTD (2.21 USD) | 4,000 KRW (3 USD) |
Toothpaste Price | 5 TTD (0.73 USD) | 2,000 KRW (1.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 2.81 times less for Personal Care Items and Treatment.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Pair of Nike Running Shoes | 600 TTD (88.20 USD) | 100,000 KRW (75 USD) |
Men's Shirt | 150 TTD (22.05 USD) | 40,000 KRW (30 USD) |
Women's Dress | 200 TTD (29.40 USD) | 80,000 KRW (60 USD) |
Summer Dress | 100 TTD (14.70 USD) | 40,000 KRW (30 USD) |
Men's Suit | 1,000 TTD (147 USD) | 500,000 KRW (375 USD) |
Men's Jeans | 200 TTD (29.40 USD) | 60,000 KRW (45 USD) |
Women's Jeans | 150 TTD (22.05 USD) | 50,000 KRW (37.50 USD) |
Men's Formal Shoes | 200 TTD (29.40 USD) | 120,000 KRW (90 USD) |
Women's Formal Shoes | 200 TTD (29.40 USD) | 100,000 KRW (75 USD) |
Men's Casual Shoes | 150 TTD (22.05 USD) | 80,000 KRW (60 USD) |
Women's Casual Shoes | 150 TTD (22.05 USD) | 60,000 KRW (45 USD) |
Underwear For Men | 20 TTD (2.94 USD) | 10,000 KRW (7.50 USD) |
Underwear For Women | 20 TTD (2.94 USD) | 10,000 KRW (7.50 USD) |
Socks For Men | 10 TTD (1.47 USD) | 5,000 KRW (3.75 USD) |
Socks For Women | 10 TTD (1.47 USD) | 5,000 KRW (3.75 USD) |
Wintercoat for Adults | 200 TTD (29.40 USD) | 100,000 KRW (75 USD) |
Sportswear | 100 TTD (14.70 USD) | 50,000 KRW (37.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 2.08 times less for Clothing and Footwear for Adults.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Children's Jeans | 50 TTD (7.35 USD) | 30,000 KRW (22.50 USD) |
Children's Normal Sneakers | 75 TTD (11.02 USD) | 40,000 KRW (30 USD) |
Children's Winter Coat | 100 TTD (14.70 USD) | 60,000 KRW (45 USD) |
Daycare for Infant | 1,000 TTD (147 USD) | 300,000 KRW (225 USD) |
Daycare for Toddler | 800 TTD (117.60 USD) | 250,000 KRW (187.50 USD) |
Childcare for Sick Days | 200 TTD (29.40 USD) | 50,000 KRW (37.50 USD) |
Early Childhood Education Programs | 800 TTD (117.60 USD) | 500,000 KRW (375 USD) |
Extra Curricular Activities | 400 TTD (58.80 USD) | 100,000 KRW (75 USD) |
Summer Camp for Kids | 500 TTD (73.50 USD) | 200,000 KRW (150 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.99 times less for Childcare and kids clothing.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
PreSchool Fees | 1,200 TTD (176.40 USD) | 200,000 KRW (150 USD) |
Primary School Fees | 1,500 TTD (220.50 USD) | 500,000 KRW (375 USD) |
Secondary School Fees | 2,000 TTD (294 USD) | 700,000 KRW (525 USD) |
Private School Fees | 3,000 TTD (441 USD) | 1,000,000 KRW (750 USD) |
University Tuition Fees | 6,000 TTD (882 USD) | 2,000,000 KRW (1,500 USD) |
University Private Tuition Fees | 10,000 TTD (1,470 USD) | 4,000,000 KRW (3,000 USD) |
After School Activities | 400 TTD (58.80 USD) | 100,000 KRW (75 USD) |
Special Education Services | 500 TTD (73.50 USD) | 300,000 KRW (225 USD) |
Tutoring | 300 TTD (44.10 USD) | 50,000 KRW (37.50 USD) |
Textbooks Cost | 150 TTD (22.05 USD) | 100,000 KRW (75 USD) |
School Supplies | 100 TTD (14.70 USD) | 30,000 KRW (22.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.82 times less for school and education.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Movie Ticket (Single) | 40 TTD (5.88 USD) | 12,000 KRW (9 USD) |
Theater Ticket (Single) | 80 TTD (11.76 USD) | 30,000 KRW (22.50 USD) |
Concert Ticket (Single) | 100 TTD (14.70 USD) | 70,000 KRW (52.50 USD) |
Sports Event Ticket (Single) | 60 TTD (8.82 USD) | 50,000 KRW (37.50 USD) |
Gym Membership | 200 TTD (29.40 USD) | 80,000 KRW (60 USD) |
Swimming Pool Access | 100 TTD (14.70 USD) | 30,000 KRW (22.50 USD) |
Museum Entry Ticket | 20 TTD (2.94 USD) | 5,000 KRW (3.75 USD) |
Zoo Entry Ticket | 30 TTD (4.41 USD) | 10,000 KRW (7.50 USD) |
Amusement Park Entry Ticket | 60 TTD (8.82 USD) | 20,000 KRW (15 USD) |
Bowling | 50 TTD (7.35 USD) | 10,000 KRW (7.50 USD) |
Mini Golf | 60 TTD (8.82 USD) | 15,000 KRW (11.25 USD) |
Video Games | 200 TTD (29.40 USD) | 30,000 KRW (22.50 USD) |
Streaming Services | 50 TTD (7.35 USD) | 20,000 KRW (15 USD) |
Outdoor Equipment Rental | 100 TTD (14.70 USD) | 10,000 KRW (7.50 USD) |
Theme Park Annual Pass | 1,000 TTD (147 USD) | 150,000 KRW (112.50 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 1.29 times less for entertainment, recreation and fun activities.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Language Classes | 300 TTD (44.10 USD) | 200,000 KRW (150 USD) |
Parenting Classes | 300 TTD (44.10 USD) | 150,000 KRW (112.50 USD) |
Art Classes | 100 TTD (14.70 USD) | 25,000 KRW (18.75 USD) |
Fitness Classes | 100 TTD (14.70 USD) | 20,000 KRW (15 USD) |
Music Lessons | 200 TTD (29.40 USD) | 40,000 KRW (30 USD) |
Dance Lessons | 150 TTD (22.05 USD) | 30,000 KRW (22.50 USD) |
Reading Materials for Classes | 20 TTD (2.94 USD) | 10,000 KRW (7.50 USD) |
Educational Software | 200 TTD (29.40 USD) | 100,000 KRW (75 USD) |
If you lived in Trinidad and Tobago, instead of South Korea, you would have to pay 2.14 times less for Private Classes.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Average Gross Monthly Salary | 8,000 TTD (1,176 USD) | 3,000,000 KRW (2,250 USD) |
Average Net Monthly Salary | 6,000 TTD (882 USD) | 2,400,000 KRW (1,800 USD) |
Minimum Wages | 83.33 TTD per hour (12.25 USD) | 83,333.33 KRW per hour (62.50 USD) |
Average Bonus | 500 TTD (73.50 USD) | 500,000 KRW (375 USD) |
Income Tax Rate | 0 to 12.5 % | 0 to 10 % |
Social Security Contributions | 12 % | 5 % |
Pension Contributions | 7 % | 5 % |
Cost of Living Index | 55 | 60 |
Median Household Income | 5,000 TTD (735 USD) | 2,500,000 KRW (1,875 USD) |
If you lived in Trinidad and Tobago, you would earn 2.21 times less salary as compared to South Korea.
Indicators | Trinidad and Tobago | South Korea |
---|---|---|
Legal Consultation Per Hour Rate | 300 TTD (44.10 USD) | 100,000 KRW (75 USD) |
Accounting Services Per Hour Rate | 200 TTD (29.40 USD) | 80,000 KRW (60 USD) |
IT Support Services Per Hour Rate | 150 TTD (22.05 USD) | 70,000 KRW (52.50 USD) |
Technician Services Per Hour Rate | 100 TTD (14.70 USD) | 60,000 KRW (45 USD) |
Professional Services cost 2.11 times less in Trinidad and Tobago, as compared to South Korea.
We hope you enjoyed the detailed guide on the cost of living comparsion between Trinidad and Tobago and South Korea.
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