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Money magazine
Insurer of the
Year 2017-21

prices shown in
Seoul vs Newcastle
Sel vs Ntl

Average net salary (After tax)

Newcastle
Seoul

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Ntl
Sel
Outside city centre
Ntl
Sel

Rent 3 bedroom apartment

Cost per month

In city centre
Ntl
Sel
Outside city centre
Ntl
Sel

Buy apartment

Price per m2

In city centre
Ntl
Sel
Outside city centre
Ntl
Sel

Mortgage rates

Newcastle
4.5%
Seoul
5.5%
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home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Newcastle
Seoul

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Ntl
Sel

Mobile phone data

One-minute local prepaid call (no plan or discount)

Ntl
Sel

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Ntl
Sel

Monthly pass

Regular price

Ntl
Sel

Fuel prices

Per Litre

Newcastle
Seoul

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Ntl
Sel
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Ntl
Sel
White bread 500g
Ntl
Sel
Eggs 12
Ntl
Sel
White rice 1kg
Ntl
Sel

Pack of cigarettes

(Marlboro)

Newcastle
Seoul

Meat & cheese

Chicken breasts 1kg
Ntl
Sel
Beef round 1kg
Ntl
Sel
Local cheese 1kg
Ntl
Sel

Vegetables

Potatoes 1kg
Ntl
Sel
Lettuce 1 head
Ntl
Sel
Tomatoes 1kg
Ntl
Sel

Fruit

Apples 1kg
Ntl
Sel
Oranges 1 head
Ntl
Sel
Bananas 1kg
Ntl
Sel

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Ntl $4,070.74/mth
Sel $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Ntl $4,070.74/mth
Sel $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Newcastle
4.5%
Seoul
5.5%

Restaurant Prices in Newcastle are 17.14% higher than in Seoul

Drinks

Coke/Pepsi 0.33L
bottle
Ntl $4,070.74/mth
Sel $4,070.74/mth
Water 0.33L
bottle
Ntl $4,070.74/mth
Sel $4,070.74/mth
Cappuccino regular
Ntl $4,070.74/mth
Sel $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Ntl
Sel
Market 0.5L bottle
Ntl
Sel

Imported beer

Restaurant 0.33L bottle
Ntl
Sel
Market 0.33L bottle
Ntl
Sel

Bottle of wine

Mid-range, from supermarket

Newcastle
5
Seoul

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Ntl
Sel

Summer dress

From a chain store (e.g. Zara, H&M)

Ntl
Sel

Shoes

1 pair Nike shoes
Ntl
Sel
1 pair men's leather shoes
Ntl
Sel

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Newcastle
$15.33
Seoul
$11.43

Tennis court rental

One hour on weekend

Ntl $4,070.74/mth
Sel $4,070.74/mth

Fitness club

Monthly fee for one adult

Ntl $4,070.74/mth
Sel $4,070.74/mth