Busan, South Korea
Cost of living · 2024 · Asia · Rent +6.4% vs 2023
Rent trend in Busan (2022–2026)
Cost breakdown in Busan (2024)
Estimated monthly budget in Busan
Based on 2024 data. Includes rent, groceries, transport, utilities and occasional dining out.
Cost comparison — cities in South Korea (2024)
| City | 1-Bed Rent | Groceries | Transport | Utilities | vs Busan |
|---|---|---|---|---|---|
| Busan | KRW 1,300,000 | KRW 560,000 | KRW 55,000 | KRW 160,000 | — |
| Daejeon | KRW 1,100,000 | KRW 510,000 | KRW 55,000 | KRW 150,000 | -15.4% |
| Incheon | KRW 1,400,000 | KRW 550,000 | KRW 60,000 | KRW 165,000 | +7.7% |
| Seoul | KRW 1,900,000 | KRW 620,000 | KRW 67,000 | KRW 185,000 | +46.2% |
Other Asia cities (2024)
Frequently asked questions
What is the cost of living in Busan in 2024?
In 2024, a single person living in Busan needs approximately KRW 2,163,000/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around KRW 4,450,000/month. Busan is considered a relatively expensive city by global standards.
How much is rent in Busan in 2024?
A 1-bedroom apartment in Busan costs approximately KRW 1,300,000/month in 2024. A 3-bedroom apartment runs around KRW 2,600,000/month. Rent has changed +6.4% vs 2023.
How much do groceries cost in Busan?
Monthly grocery costs for one person in Busan are approximately KRW 560,000 in 2024. This covers basic supermarket shopping including food and household essentials.
What does public transport cost in Busan?
A monthly public transport pass in Busan costs KRW 55,000 in 2024, covering unlimited bus, metro and tram travel within the city.
How much are utilities in Busan?
Monthly utility costs in Busan average KRW 160,000 in 2024, covering electricity, heating/cooling, water and internet for a standard apartment.
Is Busan expensive to live in?
Busan is located in South Korea (Asia). With a 1-bed rent of KRW 1,300,000/month and total single-person expenses around KRW 2,163,000/month, it is relatively expensive by global standards.
How much does eating out cost in Busan?
A typical restaurant meal for one person in Busan costs approximately KRW 11,000 in 2024. Budget around KRW 88,000/month if dining out a few times a week.
How have living costs in Busan changed over time?
LifeIndexed tracks cost of living data for Busan from 2022 to 2026. 1-bed rent has increased by 19.6% over this period (from KRW 1,144,000 in 2022 to KRW 1,368,458 in 2026). Use the year tabs above to compare costs across years.
What is the monthly budget needed to live comfortably in Busan?
To live comfortably in Busan in 2024, a single person needs approximately KRW 2,163,000/month. This covers rent (KRW 1,300,000), groceries (KRW 560,000), transport (KRW 55,000), utilities (KRW 160,000) and dining out occasionally. A family of 3–4 should budget around KRW 4,450,000/month.