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Cost of Living in Busan, Korea | Expat Exchange
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Cost of Living in Busan, Korea

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By Betsy Burlingame

Last updated on Apr 02, 2025

Summary: What is the cost of living in Busan, Korea? Expats, digital nomads and retirees living in Busan talk about the general living costs, the cost of housing and health insurance.

Is the cost of living in Busan high?

We asked people how much they someone comfortably live on in Busan, they wrote:

"The cost of living in Busan is relatively affordable compared to other major cities in South Korea like Seoul. Rent for a one-bedroom apartment in the city center can be quite reasonable, while those looking to live outside of the city center can find even cheaper options. The cost of utilities such as electricity, heating, cooling, and water are also quite affordable, and internet is relatively cheap and very fast. Groceries in Busan are reasonably priced, with local markets offering fresh produce, meat, and seafood at lower prices than supermarkets. Eating out at restaurants can range from very cheap at local establishments to more expensive at high-end restaurants. Public transportation in Busan is efficient and affordable, with buses and subways covering the entire city. Taxis are also available and are relatively cheap. Healthcare in Busan is of high quality and is affordable, especially with the national health insurance that covers a large portion of medical costs. Overall, while salaries in Busan may be lower than in cities like Seoul, the lower cost of living can make it a more affordable option," said one expat in Busan.

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Will I save money living in Busan?

"The cost of living in Busan, South Korea is generally lower than in many cities in the United States. This includes expenses such as rent, groceries, dining out, and public transportation. Healthcare is also significantly cheaper in Busan compared to the United States. However, the amount of money you can save will depend on your lifestyle and spending habits. For instance, if you choose to live in a more upscale neighborhood or frequently dine at high-end restaurants, your cost of living may be higher. Additionally, while the cost of living may be lower, wages in Busan are also generally lower than in the United States. Therefore, if you're working in Busan, you'll need to consider your income in relation to your expenses," said one expat in Busan.

What is the average cost of housing in Busan?

If you are thinking about moving to Busan, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Busan can vary greatly depending on the location and size of the property. For instance, in the city center, you might expect to pay a higher price compared to the outskirts. As of recent data, the average price for an apartment in the city center could be quite high, while in the outskirts it could be significantly lower. However, these prices are subject to change and can fluctuate based on the real estate market. It's always best to check with a local real estate agent for the most accurate and up-to-date information," said one expat in Busan.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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