Is the cost of living in Daejeon high?

"The cost of living in Daejeon is relatively affordable compared to other major cities in South Korea like Seoul. Rent for a one-bedroom apartment in the city center is moderately priced, while it is significantly cheaper in the outskirts of the city. The cost of utilities such as electricity, heating, cooling, water, and garbage is also reasonable. Groceries in Daejeon are quite affordable, with prices for items like bread, milk, eggs, fruits, and vegetables being relatively low. Eating out at an inexpensive restaurant is also quite cheap, while a three-course meal for two people at a mid-range restaurant is moderately priced. Public transportation in Daejeon is also quite affordable, with a one-way ticket on local transport being quite cheap. A monthly pass is also reasonably priced. Taxis start at a low price, with a one-kilometer ride also being quite cheap. Healthcare in Daejeon is of a high standard and is reasonably priced. A short visit to a private doctor is quite affordable. Fitness club fees in the business district are moderately priced per month. Clothing and shoes are priced similarly to other cities in South Korea, with a pair of jeans, a summer dress in a chain store, and a pair of running shoes all being moderately priced. In summary, the cost of living in Daejeon, Korea is quite affordable, especially when compared to larger cities in the country. It offers a good quality of life with reasonable prices for housing, food, transportation, healthcare, and other necessities," commented one expat who made the move to Daejeon, Korea.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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