The Cost of Living in Daejeon: An In-depth Guide
If you are considering moving to Daejeon, South Korea, or simply curious about the cost of living in the city, you have come to the right place. In this guide, we will be providing you with an in-depth analysis of the cost of living in Daejeon, including housing, transportation, food, healthcare, and other everyday expenses.
Housing Costs in Daejeon
One of the biggest expenses for anyone living in Daejeon is housing. The cost of renting an apartment depends on several factors, such as the size of the apartment, its location, and whether it is furnished or not. According to Numbeo, a website that collects data on the cost of living across cities worldwide, the average monthly rent for a one-bedroom apartment in the city center is around 562,500 KRW (478 USD), while in the suburbs, it drops to 381,250 KRW (325 USD) per month.If you are looking to buy a property in Daejeon, the average cost is around 11,500,000 KRW (9,800 USD) per square meter in the city center, and 6,273,684 KRW (5,350 USD) per square meter in the suburbs. Keep in mind that prices could vary based on the location of the property and its age.
Transportation Costs in Daejeon
Daejeon has an excellent public transportation system, which includes buses and subways. The cost of a one-way ticket on the bus or subway is 1,250 KRW (1.07 USD), while a monthly pass can cost you around 55,000 KRW (47 USD). Taxis are also readily available, and their starting fare is approximately 3,000 KRW (2.56 USD).If you plan on owning a vehicle in Daejeon, keep in mind that the cost of fuel is around 1,550 KRW (1.32 USD) per liter. Depending on the make and model of the car, buying and insuring a car would be a significant expense.
Food Costs in Daejeon
Eating out in Daejeon is relatively affordable, and there is a wide variety of cuisines available. The cost of a meal at a cheap restaurant is around 7,500 KRW (6.40 USD), while a three-course meal at a mid-range restaurant can cost you around 40,000 KRW (34 USD).For groceries, the prices vary based on the store you choose. The cost of buying a loaf of bread is approximately 2,700 KRW (2.30 USD), while a liter of milk costs around 2,100 KRW (1.79 USD). According to Numbeo, the monthly cost of groceries for a single person in Daejeon is approximately 320,000 KRW (273 USD).
Healthcare Costs in Daejeon
Taking care of your health is essential, regardless of where you are. Daejeon has excellent hospitals and clinics, and the cost of medical treatment is relatively affordable. The cost of a general doctor’s visit is around 40,000 KRW (34 USD), while the cost of a specialist consultation is approximately 70,000 KRW (59 USD). If you need medication for an illness, the cost varies depending on the type of medication.
Other Everyday Expenses in Daejeon
Aside from housing, transportation, food, and healthcare, there are other everyday expenses that you should consider. The cost of internet in Daejeon is around 26,000 KRW (22 USD) per month, while the cost of a fitness club membership is approximately 80,000 KRW (68 USD) per month.It’s important to note that the cost of living in Daejeon could vary based on your lifestyle and needs. If you enjoy going out and exploring the city, you might end up spending more money on entertainment.
Conclusion
Overall, the cost of living in Daejeon is relatively affordable compared to other major cities worldwide. The cost of housing, transportation, food, healthcare, and other everyday expenses is reasonable, making Daejeon an excellent place to live. However, it’s essential to keep in mind that these costs could vary based on your lifestyle and needs. We hope this guide has provided you with valuable insights into the cost of living in Daejeon.
