South Korea vs Venezuela - Cost of Living Comparison

Updated:

Livingcost

South Korea Venezuela
🚶 Cost of living one person
$1116
$812
👨‍👩‍👧‍👦 Cost of living Family
$3042
$2170
🏠 One person rent
$466
$228
🏘️ Family rent
$1019
$470
🍽️ Food expenses
$454
$386
🚐 Transport expenses
$93.9
$108
💳 Monthly salary after tax
$2217
$184
💸 GDP per capita
$33121
$15944
😃 Human freedom index
8.23
4.18
❤️ Life expectancy
82.7
71.1
👮 Corruption perceptions index
64
10
🌐 English speaking %
20%
1%
🎓 Higher education
87
63
😀 Quality of life
84
17
🏙️ Population
51.5M
28.5M

The average cost of living in South Korea ($1116) is 37% more expensive than in Venezuela ($812). South Korea ranked 64th vs 122nd 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 2 months in South Korea compared to 0.2 months in Venezuela. Ranked 23rd and 173rd 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
$6.8
$10.6
🥂 Dinner in a Restaurant, for 2
$35.8
$43.6
🥪 Fast food meal, equiv. McDonald's
$5.46
$9.55
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.21
$1.49
 Cappuccino
$3.5
$2.52
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.53
$1.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$484
$228
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$320
$164
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1204
$492
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$767
$391
🔌 Utility Bill one person, electricity, heating, water, etc.
$93.7
$14.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$145
$22.5
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$20.1
$36.6
🏦 Mortgage Interest Rate for 20 Years
4.52%
22.39%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$10274
$556
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6790
$490
Transportation
🚌 Local transport ticket
$1.02
$0.46
🎟️ Monthly ticket local transport
$42
$34.9
🚕 Taxi Ride, 8 km or 5 mi
$8.77
$26.5
 Gas / Petrol, 1 L or 0.26 gal
$1.15
$0.55
Groceries
🥛 Milk, 1 L or 1 qt
$2.01
$1.97
🍞 Bread, 0.5 kg or 1.1 lb
$2.89
$1.94
🍚 Rice, 1 kg or 2.2 lb
$2.8
$1.32
🥚 Eggs, x12
$3.01
$2.68
🧀 Cheese, 1 kg or 2.2 lb
$11.8
$6.72
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.28
$6.66
🥩 Round Steak, 1 kg or 2.2 lb
$26.5
$7.03
🍏 Apples, 1 kg or 2.2 lb
$6.94
$4.71
🍌 Banana, 1 kg or 2.2 lb
$3.23
$1.46
🍊 Oranges, 1 kg or 2.2 lb
$5.68
$1.75
🍅 Tomato, 1 kg or 2.2 lb
$5.28
$1.69
🥔 Potato, 1 kg or 2.2 lb
$3.8
$2.19
🧅 Onion, 1 kg or 2.2 lb
$2.78
$1.84
🌊 Water, 1 L or 1 qt
$0.72
$1.18
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.32
$2.33
🍾 Wine (mid-priced), 750 mL bottle
$16.7
$9.53
🍺 Beer, 0.5 L or 16 fl oz
$2.03
$1.51
🚬 Cigarette pack
$3.12
$3.55
💊 Cold medicince, 1 week
$4.67
$6.27
🧴 Hair Shampoo
$5.24
$5.7
🧻 Toilet paper, 4 rolls
$2.2
$2.93
👄 Toothpaste, 1 tube
$2.07
$2.39
Other
🏋️ Gym Membership, 1 month
$48.6
$41.3
🎫 Cinema Ticket, 1 person
$9.93
$5.49
👩‍⚕️ Doctor's visit
$42.5
$37.7
💇 Haircut, simple
$7.71
$10.7
👖 Brand Jeans
$64.9
$49
👟 Brand Sneakers
$78.9
$88.3
👶 Daycare or Preschool, 1 month
$407
$96.2
🏫 International Primary School, 1 year
$18055
$6376

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
$1334
9.67M
Busan
$1060
3.45M
Incheon
$1092
2.94M
Daegu
$995
2.38M
Suwon
$1022
1.23M
Daejeon
$992
1.48M
Gwangju
$1101
1.49M
Ulsan
$1059
1.13M
Cheongju
$936
852K
Seongnam
$1400
919K
Yongin
$1127
1.08M
Changwon
$1075
1.01M
Hwaseong
$1089
941K
Goyang
$1171
1.06M
Namyangju
$1129
732K
Gimhae
$959
534K
Siheung
$1283
520K
Jeju Island
$1080
678K
Bucheon
$1163
772K
Pyeongtaek
$984
590K
Cheonan
$1151
657K
Pohang
$988
504K
Uijeongbu
$955
463K
Ansan
$1070
623K
Paju
$1075
498K
Gwangju
$1165
397K
Jeju
$1037
492K
Hanam
$1161
330K
Sejong
$1019
386K
Gunsan
$1005
275K

In Venezuela

City Cost of living Population
Caracas
$1075
2.25M
Valencia
$769
1.48M
Maracaibo
$713
1.55M
Maracay
$817
1.1M
Barinas
$800
874K
Barquisimeto
$722
1.06M
Catia La Mar
$974
662K
Maturin
$890
753K
Barcelona
$858
550K
Santa Teresa del Tuy
$939
525K
Ciudad Guayana
$890
751K
Ciudad Bolivar
$880
568K
Cumana
$716
375K
Los Teques
$960
333K
Merida
$667
248K
Puerto la Cruz
$791
306K
Punto Fijo
$628
288K
San Cristobal
$592
286K
Valera
$703
250K
Cabimas
$700
352K
Turmero
$857
255K
La Guaira
$938
204K
Cua
$910
215K
Guarenas
$918
209K
La Victoria
$858
214K
El Tigre
$746
214K
Puerto Cabello
$781
209K
Guatire
$917
187K
San Felipe
$739
221K
Guacara
$795
200K