Italy vs South Korea - Cost of Living Comparison

Updated:

Livingcost

Italy South Korea
🚶 Cost of living one person
$1616
$1134
👨‍👩‍👧‍👦 Cost of living Family
$3844
$2805
🏠 One person rent
$819
$487
🏘️ Family rent
$1372
$821
🍽️ Food expenses
$538
$443
🚐 Transport expenses
$103
$97.9
💳 Monthly salary after tax
$1942
$1998
💸 GDP per capita
$40226
$33121
😃 Human freedom index
8.26
8.23
❤️ Life expectancy
83.7
83.4
👮 Corruption perceptions index
54
64
🌐 English speaking %
13.6%
20%
🎓 Higher education
92
87
😀 Quality of life
80
85
🏙️ Population
59M
51.8M

The average cost of living in Italy ($1616) is 43% more expensive than in South Korea ($1134). Italy ranked 32nd vs 74th for South Korea in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.2 months in Italy compared to 1.8 months in South Korea. Ranked 34th and 24th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Italy vs South Korea infographic

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Prices in Italy vs South Korea

We calculate prices for Italy and South Korea as a population-weighted mean of 148 and 87 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Italy South Korea
Eating Out
🍱 Lunch Menu
$17.8
$6.71
🥂 Dinner in a Restaurant, for 2
$70.9
$35.2
🥪 Fast food meal, equiv. McDonald's
$11.6
$5.72
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.88
$3.29
 Cappuccino
$2.07
$3.56
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.87
$1.52
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$840
$483
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$609
$336
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1563
$1135
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1076
$721
🔌 Utility Bill one person, electricity, heating, water, etc.
$133
$101
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$205
$154
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$30.5
$20.6
🏦 Mortgage Interest Rate for 20 Years
4.02%
4.18%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$4727
$10906
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2702
$6575
Transportation
🚌 Local transport ticket
$1.91
$1.03
🎟️ Monthly ticket local transport
$43.5
$44.6
🚕 Taxi Ride, 8 km or 5 mi
$21.1
$9.04
 Gas / Petrol, 1 L or 0.26 gal
$2.05
$1.15
Groceries
🥛 Milk, 1 L or 1 qt
$1.65
$2.06
🍞 Bread, 0.5 kg or 1.1 lb
$2.15
$2.83
🍚 Rice, 1 kg or 2.2 lb
$2.75
$2.6
🥚 Eggs, x12
$4.16
$3.1
🧀 Cheese, 1 kg or 2.2 lb
$16.8
$12.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.9
$7.76
🥩 Round Steak, 1 kg or 2.2 lb
$20.2
$22.7
🍏 Apples, 1 kg or 2.2 lb
$2.45
$6.94
🍌 Banana, 1 kg or 2.2 lb
$2.18
$3.14
🍊 Oranges, 1 kg or 2.2 lb
$2.6
$5.93
🍅 Tomato, 1 kg or 2.2 lb
$3.33
$5.15
🥔 Potato, 1 kg or 2.2 lb
$1.91
$3.67
🧅 Onion, 1 kg or 2.2 lb
$1.83
$2.63
🌊 Water, 1 L or 1 qt
$0.35
$0.75
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.43
$2.23
🍾 Wine (mid-priced), 750 mL bottle
$7.16
$15.5
🍺 Beer, 0.5 L or 16 fl oz
$1.81
$1.88
🚬 Cigarette pack
$6.89
$3.11
💊 Cold medicince, 1 week
$11.5
$4.39
🧴 Hair Shampoo
$3.52
$4.78
🧻 Toilet paper, 4 rolls
$2.46
$2.51
👄 Toothpaste, 1 tube
$2.29
$1.68
Other
🏋️ Gym Membership, 1 month
$57.8
$48.3
🎫 Cinema Ticket, 1 person
$10.5
$9.93
👩‍⚕️ Doctor's visit
$100
$54.5
💇 Haircut, simple
$17.1
$9.46
👖 Brand Jeans
$87.2
$60.7
👟 Brand Sneakers
$98.9
$71.4
👶 Daycare or Preschool, 1 month
$567
$351
🏫 International Primary School, 1 year
$10619
$15508

Cost of living in other countries

Cost of living

Cities Comparison in Italy vs South Korea

More countries to compare

Cost of Living in Popular cities

In Italy

City Cost of living Population
Rome
$2020
2.75M
Milan
$2307
1.35M
Turin
$1582
842K
Naples
$1605
913K
Genoa
$1620
559K
Palermo
$1301
630K
Bologna
$1727
388K
Florence
$1785
361K
Catania
$1298
312K
Bari
$1588
316K
Verona
$1657
256K
Venice
$1704
250K
Padua
$1769
206K
Prato
$1607
196K
Messina
$1176
219K
Brescia
$1762
196K
Parma
$1589
197K
Modena
$1700
184K
Trieste
$1600
198K
Reggio Emilia
$1446
170K
Taranto
$1311
188K
Rimini
$1567
149K
Perugia
$1215
162K
Ravenna
$1384
156K
Cagliari
$1586
148K
Bergamo
$1547
120K
Foggia
$1334
145K
Livorno
$1510
153K
Forli
$1614
116K
Latina
$1345
128K

In South Korea

City Cost of living Population
Seoul
$1383
9.67M
Busan
$1108
3.45M
Incheon
$1088
2.94M
Daegu
$1062
2.38M
Gwangju
$1081
1.49M
Suwon
$1066
1.23M
Daejeon
$959
1.48M
Ulsan
$1076
1.13M
Seongnam
$1435
919K
Yongin
$1120
1.08M
Cheongju
$924
852K
Hwaseong
$1098
941K
Changwon
$1084
1.01M
Namyangju
$1138
732K
Gimhae
$975
534K
Siheung
$1307
520K
Pyeongtaek
$1141
590K
Pohang
$1024
504K
Goyang
$1097
1.06M
Cheonan
$1153
657K
Bucheon
$1175
772K
Jeju Island
$1100
678K
Uijeongbu
$918
463K
Ansan
$1049
623K
Jeju
$1069
492K
Gwangju
$1196
397K
Paju
$1065
498K
Gunsan
$1020
275K
Hanam
$1178
330K
Sejong
$1020
386K