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Money magazine
Insurer of the
Year 2017-21

prices shown in
Tokyo vs Seoul
Tyo vs Sel

Average net salary (After tax)

Seoul
Tokyo

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Sel
Tyo
Outside city centre
Sel
Tyo

Rent 3 bedroom apartment

Cost per month

In city centre
Sel
Tyo
Outside city centre
Sel
Tyo

Buy apartment

Price per m2

In city centre
Sel
Tyo
Outside city centre
Sel
Tyo

Mortgage rates

Seoul
4.5%
Tokyo
5.5%
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home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

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

Seoul
Tokyo

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Sel
Tyo

Mobile phone data

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

Sel
Tyo

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Sel
Tyo

Monthly pass

Regular price

Sel
Tyo

Fuel prices

Per Litre

Seoul
Tokyo

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Sel
Tyo
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car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

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

Pack of cigarettes

(Marlboro)

Seoul
Tokyo

Meat & cheese

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

Vegetables

Potatoes 1kg
Sel
Tyo
Lettuce 1 head
Sel
Tyo
Tomatoes 1kg
Sel
Tyo

Fruit

Apples 1kg
Sel
Tyo
Oranges 1 head
Sel
Tyo
Bananas 1kg
Sel
Tyo

Eating Out

  • Food
  • Drinks

Meal for two

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

Mcdonalds McMeal

Or equivalent combo meal

Seoul
4.5%
Tokyo
5.5%

Restaurant Prices in Seoul are 17.14% higher than in Tokyo

Drinks

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

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Sel
Tyo
Market 0.5L bottle
Sel
Tyo

Imported beer

Restaurant 0.33L bottle
Sel
Tyo
Market 0.33L bottle
Sel
Tyo

Bottle of wine

Mid-range, from supermarket

Seoul
5
Tokyo

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Sel
Tyo

Summer dress

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

Sel
Tyo

Shoes

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

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Seoul
$15.33
Tokyo
$11.43

Tennis court rental

One hour on weekend

Sel $4,070.74/mth
Tyo $4,070.74/mth

Fitness club

Monthly fee for one adult

Sel $4,070.74/mth
Tyo $4,070.74/mth