고플릿
6 days ago2 min
Being stationed in Pyeongtaek, South Korea, presents unique financial considerations. Understanding the cost of living can help you manage your finances effectively and make the most of your time (and money) in South Korea.
Housing | Groceries | Eating Out | Transportation | Phone | FAQ
The Overseas Housing Allowance (OHA) covers rent and utility costs, with amounts varying based on rank, family status, and the KRW exchange rate. Command-sponsored families are allowed 50% of their normal weight allowance, while unaccompanied personnel get 25%, with government-provided appliances and furniture. If you bring dependents without command sponsorship, you won’t be entitled to OHA and may incur out-of-pocket expenses.
The cost of groceries in South Korea is generally lower than in the United States, although produce is often limited to what's in-season and meats can be more expensive.
Because dining out is an integral part of Korean culture, restaurants are often cheaper than in the US--especially considering there is no tip expected.
Transportation in Korea is fast, reliable, and affordable.
Gasoline prices in Korea are around $4.30 per gallon (1,600 KRW per liter).
Internet and mobile phone costs in Korea are comparable to the US, with bundled packages available. A typical phone plan with calls and 10GB+ data costs around $53 (69,000 KRW).
Check out the main telecom providers and their (English) websites below.
Used Goods Markets: Take advantage of sites like Facebook Marketplace, Craigslist, Karrot Market, and Beongaejangteo for great deals on used goods.
Budgeting Apps: If you haven't already, now is a great time to start using personal finance budgeting apps like EveryDollar, Plum, or Fudget.
Managing your finances in South Korea involves understanding housing costs, dining expenses, transportation options, and more. By planning ahead and utilizing available resources, you can ensure a smooth and financially stable stay.