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Money magazine
Insurer of the
Year 2017-21

prices shown in
Shanghai vs Seoul
Sha vs Sel

Average net salary (After tax)

Seoul
Shanghai

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sel
Sha
Outside city centre
Sel
Sha

Rent 3 bedroom apartment

Cost per month

In city centre
Sel
Sha
Outside city centre
Sel
Sha

Buy apartment

Price per m2

In city centre
Sel
Sha
Outside city centre
Sel
Sha

Mortgage rates

Seoul
4.5%
Shanghai
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Seoul
Shanghai

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sel
Sha

Mobile phone data

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

Sel
Sha

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sel
Sha

Monthly pass

Regular price

Sel
Sha

Fuel prices

Per Litre

Seoul
Shanghai

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sel
Sha
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Seoul
Shanghai

Meat & cheese

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

Vegetables

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

Fruit

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

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Seoul
4.5%
Shanghai
5.5%

Restaurant Prices in Seoul are 17.14% higher than in Shanghai

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

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

Imported beer

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

Bottle of wine

Mid-range, from supermarket

Seoul
5
Shanghai

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sel
Sha

Summer dress

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

Sel
Sha

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Seoul
$15.33
Shanghai
$11.43

Tennis court rental

One hour on weekend

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

Fitness club

Monthly fee for one adult

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