South Korea vs Venezuela - Cost of Living Comparison

Updated:

Livingcost

South Korea Venezuela
🚶 Cost of living one person
$1134
$805
👨‍👩‍👧‍👦 Cost of living Family
$2805
$2050
🏠 One person rent
$487
$217
🏘️ Family rent
$821
$357
🍽️ Food expenses
$443
$399
🚐 Transport expenses
$97.9
$102
💳 Monthly salary after tax
$1998
$376
💸 GDP per capita
$33121
$15944
😃 Human freedom index
8.23
4.18
❤️ Life expectancy
83.4
72.5
👮 Corruption perceptions index
64
10
🌐 English speaking %
20%
1%
🎓 Higher education
87
65
😀 Quality of life
85
29
🏙️ Population
51.8M
28.4M

The average cost of living in South Korea ($1134) is 41% more expensive than in Venezuela ($805). South Korea ranked 74th vs 127th for Venezuela in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.8 months in South Korea compared to 0.5 months in Venezuela. Ranked 24th and 156th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in South Korea vs Venezuela infographic

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Prices in South Korea vs Venezuela

We calculate prices for South Korea and Venezuela as a population-weighted mean of 87 and 77 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.

South Korea Venezuela
Eating Out
🍱 Lunch Menu
$6.71
$10.4
🥂 Dinner in a Restaurant, for 2
$35.2
$43.4
🥪 Fast food meal, equiv. McDonald's
$5.72
$9.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.29
$1.48
 Cappuccino
$3.56
$2.55
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.52
$1.22
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$483
$228
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$336
$152
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1135
$496
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$721
$377
🔌 Utility Bill one person, electricity, heating, water, etc.
$101
$15.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$154
$23.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$20.6
$34.4
🏦 Mortgage Interest Rate for 20 Years
4.18%
21.38%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$10906
$653
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6575
$425
Transportation
🚌 Local transport ticket
$1.03
$0.44
🎟️ Monthly ticket local transport
$44.6
$32.1
🚕 Taxi Ride, 8 km or 5 mi
$9.04
$25.3
 Gas / Petrol, 1 L or 0.26 gal
$1.15
$0.55
Groceries
🥛 Milk, 1 L or 1 qt
$2.06
$2
🍞 Bread, 0.5 kg or 1.1 lb
$2.83
$1.93
🍚 Rice, 1 kg or 2.2 lb
$2.6
$1.33
🥚 Eggs, x12
$3.1
$2.85
🧀 Cheese, 1 kg or 2.2 lb
$12.6
$6.36
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.76
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$22.7
$7.57
🍏 Apples, 1 kg or 2.2 lb
$6.94
$5.35
🍌 Banana, 1 kg or 2.2 lb
$3.14
$1.59
🍊 Oranges, 1 kg or 2.2 lb
$5.93
$1.92
🍅 Tomato, 1 kg or 2.2 lb
$5.15
$1.89
🥔 Potato, 1 kg or 2.2 lb
$3.67
$2.18
🧅 Onion, 1 kg or 2.2 lb
$2.63
$2.01
🌊 Water, 1 L or 1 qt
$0.75
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.23
$2.2
🍾 Wine (mid-priced), 750 mL bottle
$15.5
$9.46
🍺 Beer, 0.5 L or 16 fl oz
$1.88
$1.43
🚬 Cigarette pack
$3.11
$3.89
💊 Cold medicince, 1 week
$4.39
$6.81
🧴 Hair Shampoo
$4.78
$5.58
🧻 Toilet paper, 4 rolls
$2.51
$3.1
👄 Toothpaste, 1 tube
$1.68
$2.57
Other
🏋️ Gym Membership, 1 month
$48.3
$38
🎫 Cinema Ticket, 1 person
$9.93
$5.24
👩‍⚕️ Doctor's visit
$54.5
$39.8
💇 Haircut, simple
$9.46
$10.9
👖 Brand Jeans
$60.7
$43.9
👟 Brand Sneakers
$71.4
$79
👶 Daycare or Preschool, 1 month
$351
$98.1
🏫 International Primary School, 1 year
$15508
$4781

Cost of living in other countries

Cost of living

Cities Comparison in South Korea vs Venezuela

More countries to compare

Cost of Living in Popular cities

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

In Venezuela

City Cost of living Population
Caracas
$1176
2.25M
Maracaibo
$714
1.55M
Valencia
$739
1.48M
Ciudad Bolivar
$868
568K
Santa Teresa del Tuy
$787
525K
Barquisimeto
$627
1.06M
Barinas
$817
874K
Maracay
$768
1.1M
Cabimas
$701
352K
Ciudad Guayana
$889
751K
Maturin
$838
753K
San Cristobal
$684
286K
Turmero
$813
255K
Valera
$722
250K
Barcelona
$908
550K
San Felipe
$730
221K
Catia La Mar
$1015
662K
Puerto Cabello
$779
209K
Guacara
$791
200K
Carupano
$697
174K
Cumana
$688
375K
Palo Negro
$743
154K
Ocumare del Tuy
$596
150K
Puerto Ayacucho
$768
130K
Ciudad Ojeda
$674
122K
La Asuncion
$638
118K
Carora
$677
113K
Los Teques
$963
333K
Coro
$576
266K
Socopo
$692
111K