Cost of Living in South Korea for Indian Students [2025]
Understanding the cost of living in South Korea is essential for anyone considering a move to this country, whether for work or study. South Korea is a wonderful country, with great scenery and tradition, but like any other country, it has its living expenses that can significantly impact your budget. This blog will explore the various factors that influence the cost of living in South Korea. We’ll explore factors like educational institutions, accommodation types, transportation, food expenses, lifestyle choices, and healthcare.
Factors Affecting the Cost of Living in South Korea
The cost of living in South Korea can vary widely based on several factors. Understanding these factors will help you plan your budget effectively and make informed decisions about where to live and how to spend your money.
i. Educational Institutions:
Educational institutions play a major role in determining the cost of living for students and families. Tuition fees can vary greatly depending on whether you choose a public or private university. Public universities are generally more affordable, while private institutions may charge significantly higher fees.
Additionally, international students often face different tuition rates and living expenses compared to local students. The quality of education and the reputation of the institution also influence overall costs, as prestigious universities may have higher associated living costs due to their locations.
ii. Accommodation Type:
The type of accommodation you choose can greatly impact your overall living expenses. In South Korea, options range from university dormitories and goshiwon (small rooms designed for students) to apartments and houses.
University dorms are typically the most economical choice for students, costing between ₩350,000 to ₩700,000 per month. On the other hand, renting an apartment can vary significantly based on location and size, ranging from ₩800,000 in smaller cities to over ₩2,000,000 in Seoul.
iii. Transportation:
Transportation costs are another key component of living expenses in South Korea. The country has an extensive public transportation system that includes subways, buses, and trains.
Monthly transportation costs can range from ₩50,000 to ₩90,000 depending on usage and location. For those who prefer driving, fuel prices and parking fees should also be considered when budgeting.
iv. Food and Grocery Expenses:
Food costs can vary based on dietary preferences and lifestyle choices. Eating out is common in South Korea, with meals at inexpensive restaurants costing around ₩7,000 to ₩15,000 per meal.
A monthly grocery budget might range from ₩200,000 to ₩400,000 depending on individual eating habits. Local markets often provide fresh produce at lower prices compared to supermarkets.
v. Lifestyle Choices:
Personal lifestyle choices significantly affect overall living expenses in South Korea. Factors such as entertainment preferences (e.g., dining out versus cooking at home), leisure activities (like sports or cultural events), and shopping habits can greatly influence your monthly budget. For instance, frequent dining out or attending events can quickly increase your expenses.
vi. Insurance and Healthcare:
Healthcare costs are an important consideration for residents in South Korea. While the country has a good public healthcare system that offers affordable services to citizens and residents alike, private health insurance may be necessary for additional coverage or quicker access to services. Monthly health insurance premiums can range from ₩50,000 to ₩200,000 depending on the plan chosen.
Pro Tip: If you’re planning to study in South Korea, Internshala’s study abroad consultants can help you with personalized advice and selecting the right educational institution.
Cost of Living in South Korea: An Overview
When considering a move to South Korea or planning to study there, understanding the overall cost of living is necessary. This section provides a comprehensive overview of the average monthly expenses you can expect, including key categories such as accommodation, groceries, transportation, and more. Here is a table summarizing the costs in both Korean Won (KRW) and Indian Rupees (INR).
| Expenses | Estimated Monthly Cost (₹) | Estimated Monthly Cost (₩) |
| Accommodation | ₹40,000 | ₩668,750 |
| Grocery | ₹20,000 | ₩321,000 |
| Transportation | ₹3,600 | ₩60,000 |
| Miscellaneous | ₹13,000 | ₩223,293 |
| Phone and Internet Services | ₹3,000 + ₹1,700 | ₩63,000 (Phone) + ₩30,000 (Internet) |
| Education | ₹70,000 | ₩1,154,611 |
Also Read: Cost of Living in the UK
City Wise Cost of Living in South Korea for Indians
When considering a move to South Korea, it’s essential to understand that the cost of living can vary significantly from city to city. Major urban centers like Seoul, Daejeon, Daegu, and Busan each offer different living experiences and associated costs.
For instance, the living expenses in Seoul might be considerably higher than in other cities, or sub-urban areas. This section will provide an overview of the estimated monthly expenses in South Korea, particularly in these cities:
1. Cost of Living in Seoul South Korea
Seoul, the capital city, is known for its vibrant culture and bustling economy. However, it also has the highest cost of living in South Korea. Rent and daily expenses can be substantial, particularly in central areas. Here is a table showcasing the cost of living in Seoul South Korea:
| Expense | Estimated Monthly Cost in ₩ | Estimated Monthly Cost in INR (₹) |
| Rent (1-bedroom apartment) | ₩1,145,000 | ₹42,996 |
| Utilities (electricity, gas, water) | ₩400,000 | ₹15,500 |
| Public Transport | ₩100,000 | ₹3,757 |
| Groceries & Meals | ₩800,000 | ₹30,000 |
| Leisure & Miscellaneous | ₩270,000 | ₹10,000 |
2. Cost of Living in Daejeon
Daejeon is considered a mid-sized city with a lower cost of living compared to Seoul. It offers a balance of urban amenities and affordability, making it an attractive option for students and families. Here is a table showcasing the cost of living in Daejeon:
| Expense | Estimated Monthly Cost in ₩ | Estimated Monthly Cost in INR (₹) |
| Rent (1-bedroom apartment) | ₩800,000 | ₹29,941 |
| Utilities (electricity, gas, water) | ₩270,000 | ₹10,000 |
| Public Transport | ₩65,000 | ₹2,500 |
| Groceries & Meals | ₩670,000 | ₹25,000 |
| Leisure & Miscellaneous | ₩220,000 | ₹8,000 |
3. Cost of Living in Daegu
Daegu is another mid-sized city known for its rich history and cultural heritage. The cost of living here is generally lower than in Seoul, providing a more budget-friendly environment while still offering access to essential services and entertainment. Here is a table showcasing the cost of living in Daegu:
| Expense | Estimated Monthly Cost in ₩ | Estimated Monthly Cost in INR (₹) |
| Rent (1-bedroom apartment) | ₩850,000 | ₹31,500 |
| Utilities (electricity, gas, water) | ₩340,000 | ₹12,500 |
| Public Transport | ₩75,000 | ₹2,800 |
| Groceries & Meals | ₩600,000 | ₹22,500 |
| Leisure & Miscellaneous | ₩200,000 | ₹7,500 |
4. Cost of Living in Busan
Busan is famous for its beaches and seafood. While it is one of the more expensive cities in South Korea, its cost of living remains lower than that of Seoul, making it a popular choice for both locals and visitors. Here is a table showcasing the cost of living in Busan:
| Expense | Estimated Monthly Cost in ₩ | Estimated Monthly Cost in INR (₹) |
| Rent (1-bedroom apartment) | ₩970,000 | ₹36,000 |
| Utilities (electricity, gas, water) | ₩280,000 | ₹10,500 |
| Public Transport | ₩85,000 | ₹3,200 |
| Groceries & Meals | ₩680,000 | ₹25,500 |
| Leisure & Miscellaneous | ₩250,000 | ₹9,500 |
Pro Tip: If you’re planning to study or live in South Korea, consider enrolling in an English-speaking course to enhance your communication skills. Being proficient in English can make it easier to navigate daily life, especially in major cities like Seoul and Busan.
How to Effectively Manage the Cost of Living in South Korea as an International Student?
Managing finances as an international student in South Korea can be challenging, especially with the various expenses associated with living and studying abroad. However, with careful planning and strategic budgeting, students can navigate these costs effectively. Here are some practical tips and strategies to help international students manage their living expenses while enjoying their experience in South Korea.
i. Create a Detailed Budget
Establishing a clear budget is the first step toward effective financial management. International students should begin by listing all potential monthly expenses, including rent, utilities, food, transportation, and leisure activities. By understanding where money is spent, students can identify areas where they can cut costs.
ii. Choose Accommodation Wisely
Accommodation often takes the largest portion of a student’s monthly expenses. Students should consider various housing options, such as university dormitories, which are typically more affordable than private rentals. For those opting for off-campus living, sharing an apartment with roommates can significantly reduce rent costs. Ensure to research different neighborhoods to find more budget-friendly options.
iii. Use Public Transportation
South Korea has an efficient public transportation system that is both affordable and convenient. Students should take advantage of monthly transportation passes, which offer significant savings compared to single fares. Walking or biking for short distances can also help save money while promoting a healthier lifestyle.
iv. Shop Smart for Groceries
Food costs can add up quickly if not managed properly. Students should consider cooking at home instead of frequently dining out, as this is generally more economical. Shopping at local markets or discount grocery stores can yield better prices on fresh produce and other essentials. Planning meals can also help minimize food waste and unnecessary expenses.
v. Explore Free or Low-Cost Activities
Leisure activities can be a significant part of a student’s budget, but there are plenty of free or low-cost options available. Many cultural sites, parks, and festivals offer free entry or activities at minimal costs. Engaging with local communities through events or volunteer opportunities can provide enriching experiences without straining finances.
vi. Monitor Healthcare Costs
Healthcare is another essential expense that requires careful management. International students should ensure they have adequate health insurance coverage that meets their needs without excessive premiums. Familiarizing oneself with local healthcare services and understanding how to access them can also prevent unexpected medical costs.
Conclusion
Living in South Korea as an international student presents lots of opportunities. By understanding the cost of living in South Korea and implementing effective budgeting strategies, students can enjoy their time abroad while managing their finances responsibly. With careful planning, it’s possible to experience the rich culture and education that South Korea has to offer without overwhelming financial stress.
If you’re interested in exploring more about studying abroad, check out our blog on exams to study abroad for guidance on the best exams.
FAQs
Answer: The average cost of living for an international student in South Korea varies by city but typically ranges from ₩700,000 to ₩1,200,000 (approximately ₹50,000 to ₹85,000) per month. This includes rent, utilities, food, transportation, and leisure activities.
Answer: Living on campus is generally more affordable than renting an apartment off campus. University dormitories often provide lower rent rates and include utilities. However, off-campus living can offer more independence and potentially better amenities if shared with roommates.
Answer: Yes, many universities in South Korea offer scholarships specifically for international students. These can cover tuition fees or provide stipends for living expenses. It’s advisable to check with individual universities for available scholarships and application procedures.
