Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
Seoul vs Shanghai
Sel vs Sha

Average net salary (After tax)

Shanghai
Seoul

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sha
Sel
Outside city centre
Sha
Sel

Rent 3 bedroom apartment

Cost per month

In city centre
Sha
Sel
Outside city centre
Sha
Sel

Buy apartment

Price per m2

In city centre
Sha
Sel
Outside city centre
Sha
Sel

Mortgage rates

Shanghai
4.5%
Seoul
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Shanghai
Seoul

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sha
Sel

Mobile phone data

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

Sha
Sel

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sha
Sel

Monthly pass

Regular price

Sha
Sel

Fuel prices

Per Litre

Shanghai
Seoul

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sha
Sel
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Shanghai
Seoul

Meat & cheese

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

Vegetables

Potatoes 1kg
Sha
Sel
Lettuce 1 head
Sha
Sel
Tomatoes 1kg
Sha
Sel

Fruit

Apples 1kg
Sha
Sel
Oranges 1 head
Sha
Sel
Bananas 1kg
Sha
Sel

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Shanghai
4.5%
Seoul
5.5%

Restaurant Prices in Shanghai are 17.14% higher than in Seoul

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sha
Sel
Market 0.5L bottle
Sha
Sel

Imported beer

Restaurant 0.33L bottle
Sha
Sel
Market 0.33L bottle
Sha
Sel

Bottle of wine

Mid-range, from supermarket

Shanghai
5
Seoul

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sha
Sel

Summer dress

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

Sha
Sel

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Shanghai
$15.33
Seoul
$11.43

Tennis court rental

One hour on weekend

Sha $4,070.74/mth
Sel $4,070.74/mth

Fitness club

Monthly fee for one adult

Sha $4,070.74/mth
Sel $4,070.74/mth