Busan vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Busan Reykjavik
🚶 Cost of living one person
$1122
$2915
👨‍👩‍👧‍👦 Cost of living Family
$3048
$5968
🏠 One person rent
$395
$1781
🏘️ Family rent
$821
$2749
🍽️ Food expenses
$472
$832
🚐 Transport expenses
$148
$88.7
💳 Monthly salary after tax
$2421
$3918
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
13 km
4 km
🎓 Higher education
73
53
😀 Quality of life
89
89
🏙️ Population
3.45M
140K

The cost of living in Busan is 62% less expensive than in Reykjavik. Cities ranked 4837th and 204th ($1122 vs $2915) in the list of the most expensive cities in the world and ranked 13th and 1st in South Korea and Iceland, respectively. Check South Korea vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 2.2 months in Busan compared to 1.3 months in Reykjavik. Busan ranked 4th best city to live in South Korea vs Reykjavik ranked 1st in Iceland, while ranked 181st and 189th among best cities to live in the world.

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Cost of living in Busan vs Reykjavik infographic

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Prices in Busan vs Reykjavik

Prices for goods and services in Busan and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Busan Reykjavik
Eating Out
🍱 Lunch Menu
$5.92
$22
🥂 Dinner in a Restaurant, for 2
$34.7
$125
🥪 Fast food meal, equiv. McDonald's
$5.87
$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.56
$11.1
 Cappuccino
$4.09
$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.86
$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$423
$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$273
$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$902
$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$636
$2552
🔌 Utility Bill one person, electricity, heating, water, etc.
$74.8
$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$114
$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$17.5
$74.1
🏦 Mortgage Interest Rate for 20 Years
4.21%
8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8000
$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$7248
$5311
Transportation
🚌 Local transport ticket
$1.15
$4.63
🎟️ Monthly ticket local transport
$44.1
$77.2
🚕 Taxi Ride, 8 km or 5 mi
$12.3
$24.8
 Gas / Petrol, 1 L or 0.26 gal
$1.22
$2.29
Groceries
🥛 Milk, 1 L or 1 qt
$2.17
$1.72
🍞 Bread, 0.5 kg or 1.1 lb
$3.21
$3.66
🍚 Rice, 1 kg or 2.2 lb
$2.99
$3.25
🥚 Eggs, x12
$3.36
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$13.9
$16
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.91
$21.4
🥩 Round Steak, 1 kg or 2.2 lb
$28.2
$37.6
🍏 Apples, 1 kg or 2.2 lb
$7.36
$3.07
🍌 Banana, 1 kg or 2.2 lb
$3.31
$2.29
🍊 Oranges, 1 kg or 2.2 lb
$7.55
$2.72
🍅 Tomato, 1 kg or 2.2 lb
$5.13
$4.99
🥔 Potato, 1 kg or 2.2 lb
$3.43
$3.21
🧅 Onion, 1 kg or 2.2 lb
$3.51
$2.16
🌊 Water, 1 L or 1 qt
$0.8
$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.14
$2.74
🍾 Wine (mid-priced), 750 mL bottle
$14.1
$22
🍺 Beer, 0.5 L or 16 fl oz
$1.85
$3.27
🚬 Cigarette pack
$3.38
$12.2
💊 Cold medicince, 1 week
$4.71
$11.6
🧴 Hair Shampoo
$4.08
$5.36
🧻 Toilet paper, 4 rolls
$1.72
$4.68
👄 Toothpaste, 1 tube
$1.4
$3.32
Other
🏋️ Gym Membership, 1 month
$47.1
$71.8
🎫 Cinema Ticket, 1 person
$10.4
$15.1
👩‍⚕️ Doctor's visit
$25.1
$84.7
💇 Haircut, simple
$9.6
$47.4
👖 Brand Jeans
$92.7
$112
👟 Brand Sneakers
$87.9
$155
👶 Daycare or Preschool, 1 month
$557
$254
🏫 International Primary School, 1 year
$14632
$6167

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Busan

Distance City Cost of living
21 km or 13 mi Gimhae
$901
27 km or 16 mi Yangsan
$973
40 km or 25 mi Changwon
$1083
46 km or 28 mi Masan
$1002
50 km or 31 mi Geoje
$893
51 km or 32 mi Miryang
$992
56 km or 35 mi Ulsan
$1099
63 km or 39 mi Tongyeong
$931
64 km or 40 mi Sacheon
$1008
81 km or 50 mi Tsushima Island
$981
84 km or 52 mi Gyeongsan
$1022
85 km or 53 mi Gyeongju
$1341
87 km or 54 mi Jinju
$1146
94 km or 58 mi Daegu
$1114
98 km or 61 mi Yeongcheon
$941
102 km or 64 mi Tsushima
$980
108 km or 67 mi Pohang
$1000
123 km or 77 mi Gwangyang
$999
131 km or 82 mi Yeosu
$981
138 km or 86 mi Gumi
$977
141 km or 88 mi Gimcheon
$995
142 km or 88 mi Suncheon
$1027
154 km or 96 mi Namwon
$1005
162 km or 101 mi Iki
$985
165 km or 103 mi Andong
$871
166 km or 103 mi Sangju
$981
183 km or 113 mi Mungyeong
$992
189 km or 118 mi Jeonju
$915
193 km or 120 mi Gwangju
$1178
195 km or 121 mi Yeongju
$978
198 km or 123 mi Hirado
$968
199 km or 124 mi Munakata
$996
199 km or 124 mi Fukutsu
$1006
200 km or 124 mi Okagaki
$985
201 km or 125 mi Koga
$1015
201 km or 125 mi Shingu
$1020
202 km or 125 mi Itoshima
$1016
202 km or 126 mi Karatsu
$994
204 km or 127 mi Daejeon
$975
205 km or 127 mi Jeongeup
$1000

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2371
9.8 km or 6.1 mi Hafnarfjorur
$2602
38 km or 24 mi Keflavik
$2091
247 km or 153 mi Akureyri
$2300
795 km or 494 mi Torshavn
$1913
1204 km or 748 mi Inverness
$1830
1230 km or 764 mi Elgin
$1459
1300 km or 808 mi Derry
$1491
1309 km or 813 mi Greenock
$1599
1321 km or 821 mi Aberdeen
$1701
1325 km or 823 mi Perth
$1647
1328 km or 825 mi Stirling
$1625
1331 km or 827 mi Paisley
$1793
1333 km or 828 mi Alloa
$1710
1337 km or 831 mi Glasgow
$2013
1339 km or 832 mi Dundee
$1545
1340 km or 833 mi Omagh
$1650
1341 km or 833 mi Cumbernauld
$1767
1342 km or 834 mi Irvine
$1573
1348 km or 838 mi East Kilbride
$1818
1349 km or 838 mi Kilmarnock
$1470
1351 km or 839 mi Dunfermline
$1724
1353 km or 841 mi Hamilton
$1793
1357 km or 843 mi Ayr
$1420
1360 km or 845 mi Kirkcaldy
$1704
1365 km or 848 mi Livingston
$1744
1372 km or 852 mi Edinburgh
$2246
1382 km or 859 mi Newtownabbey
$1767
1387 km or 862 mi Belfast
$1830
1390 km or 864 mi Bangor
$1467
1391 km or 864 mi Lisburn
$1805
1401 km or 871 mi Alesund
$1657
1413 km or 878 mi Galway
$2427
1425 km or 886 mi Dundalk
$1930
1431 km or 889 mi Dumfries
$1390
1433 km or 891 mi Nuuk
$2125
1441 km or 895 mi Molde
$1969
1454 km or 903 mi Kristiansund
$1752
1455 km or 904 mi Drogheda
$2492
1455 km or 904 mi Bergen
$2161