Living Cost in South Korea for International Students 2026

So, you’re thinking about studying in South Korea in 2026? Awesome! Knowing the living costs in South Korea for international students is super important. Trust me, budgeting is key to enjoying your experience without stressing about money. I’m here to give you the lowdown on expenses like housing, food, and transport. Let’s get you prepped for affordable living in Daegu!

Daegu is a fantastic choice because it’s much more budget-friendly than Seoul. Your biggest expense will likely be accommodation, ranging from $300-$500 USD monthly for a dorm or a small apartment (won룸). For food, you can manage on $250-$400 by mixing home-cooking with cheap, delicious local restaurants. 🍜 Transportation is a breeze with an efficient subway and bus system, costing about $50 a month.

Overall, you can live comfortably in Daegu on a student budget of approximately $700-$1,000 USD per month. This covers your essentials and leaves a little extra for exploring!

Why Understand Living Costs Before Moving to South Korea?

Why bother with figuring out living costs beforehand? Well, it can make or break your study abroad adventure! Good budgeting means less money stress and a much smoother transition. Plus, knowing about financial aid and scholarships? Huge bonus. I’ve seen so many students thrive because they planned ahead. Get comfortable and ensure a smooth transition and comfort.

• Better Budget Management: Helps you create a realistic financial plan.
• Avoid Financial Stress: Prevents unexpected monetary issues during your stay.
• Smooth Transition and Comfort: Ensures you settle in comfortably without financial worries.
• Knowing Financial Aid and Scholarship Opportunities: Allows you to explore and utilize available resources.

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Major Factors Affecting Living Cost in South Korea

Okay, what really impacts the living cost in South Korea? Location is big. Seoul’s generally pricier than smaller towns. Your accommodation (dorm or apartment) makes a difference, and your lifestyle plays a role. Also, if you can find part-time work it’s helpful to your budget! Don’t forget exchange rates too. According to Numbeo, Seoul is roughly 30% more expensive than other South Korean cities [1].

• Location: Urban vs. Rural Areas: Cities like Seoul are pricier than smaller towns.
• Accommodation Type: On-Campus vs. Off-Campus: Dorms are often cheaper than private apartments.
• Lifestyle Choices: Personal spending habits: Entertainment and dining out can increase costs.
• Part-Time Work Opportunities: Earning while studying: Helps in offsetting living expenses.
• Currency Exchange Rates: Impact on expenses: Fluctuations affect the real cost of living.

Cost of Living in Major Cities of South Korea

Knowing what to expect for monthly living costs is crucial for planning your studies in South Korea. While Seoul is the vibrant capital, it’s also the priciest city for students. For those looking for more budget-friendly options without sacrificing the quality of life, cities like Busan, Daegu, and Incheon offer a great balance. Busan, a bustling coastal city, is notably easier on the wallet than Seoul. Meanwhile, Daegu and Incheon provide a sweet spot, blending affordable living with ample amenities and experiences. To help you plan your finances, here’s a comparison of the estimated monthly budgets for an international student across these major cities. The monthly budget in Incheon and other major cities is essential. Check out the table below to compare and plan your finances wisely. This will help with your choices!

Monthly Cost of Living Comparison 

This table provides an estimated monthly budget for a single international student. These figures are approximate and can vary based on your lifestyle and spending habits.

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Accommodation Expenses for International Students

Housing’s a big chunk of your living cost in South Korea for international students. Dorms are usually cheapest and have the basics. Off-campus, you’ve got studio apartments, goshiwons (tiny shared houses), and officetels (one-room apartments). Each offers different levels of comfort and privacy. A recent survey showed about 60% of students pick dorms because they’re affordable [2]. I’d recommend that for a smooth transition. You might also want to explore options for affordable master’s programs in South Korea to ease the financial burden.

However, if you’re seeking more independence, several off-campus solutions are available. Each offers a unique living experience at different price points:

• Goshiwon (고시원): These are the most budget-friendly off-campus option. You get a small, private room, often with a desk and bed, but the kitchen and bathroom facilities are typically shared. It’s a no-frills choice perfect for students on a tight budget who value privacy over space.
• Studio Apartments (One-Room/원룸): A step up from a Goshiwon, a one-room provides a private living space that combines your bedroom, kitchenette, and bathroom in a single room. They offer more comfort and privacy and are a popular choice for students after their first year.
• Officetels (오피스텔): These are modern, multi-purpose buildings that combine residential apartments with commercial spaces. An officetel unit is similar to a studio but is often newer, slightly larger, and may come with better security and amenities, making them a more premium option.

Here’s a quick look at what you can expect to pay per month in 2025, keeping in mind that prices are highest in Seoul and more affordable in cities like Busan or Daegu.

Food and Grocery Expenses in South Korea

Food costs? When it comes to your monthly budget in South Korea, food costs are where your personal habits will make the biggest difference. How you eat directly impacts your wallet! For students, the most economical options are university cafeterias, where a balanced meal can cost as little as ₩5,000 – ₩8,000 ($3.60 – $5.80 USD).

Cooking for yourself is the ultimate way to manage your food expenses. By shopping at local markets for fresh produce and visiting supermarkets for staples, you can effectively control your spending. On average, most international students find a monthly budget of ₩400,000 to ₩650,000 ($300 – $500 USD) is quite comfortable for groceries and a few meals out.

You can also consider studying in South Korea without IELTS to save on exam fees.

Here’s a quick breakdown of what you can expect:

• Eating Out:
  • University Cafeteria: ₩5,000 – ₩8,000 per meal
  • Local Eateries (e.g., Kimbap or Tteokbokki shop): ₩7,000 – ₩12,000 per meal
  • Mid-range Restaurant: ₩15,000 – ₩25,000 per person
• Grocery Shopping: While imported goods like certain cheeses or cereals can be pricey, local staples are very affordable. Learning to cook some basic, delicious Korean dishes like Kimchi Jjigae (김치찌개) or Doenjang Jjigae (된장찌개) is not only a fantastic cultural experience but also incredibly cost-effective.

Embracing the local food culture by exploring neighborhood restaurants and cooking with Korean ingredients will be key to enjoying an amazing culinary journey without breaking the bank. As a side note for your planning, many students also look into opportunities to study in South Korea without IELTS, as some universities accept alternative proof of English proficiency, which can help save on initial exam fees

Transportation Costs for Students in South Korea

South Korea’s got an awesome, affordable public transport system with buses and subways. Student discounts on transport cards are a big help. Taxis are around, but they’re pricier. Think about living near your university to save on travel. Get yourself a T-money card for easy payments and extra savings. Expect to budget about $50-$80 for monthly budget in Incheon transportation costs.

Getting around South Korea is a breeze, thanks to one of the world’s most efficient and affordable public transport systems. For international students, this is great news for your wallet! The network of subways and buses is extensive, clean, and easy to navigate, especially in major cities.

Your essential tool will be a rechargeable transportation card, like the T-money card or Cashbee. You can buy and top up these cards at any convenience store (like 7-Eleven, CU, GS25) or subway station kiosk. Using a T-money card is not only convenient for tapping in and out of buses and subways, but it also gives you a small discount on each ride and allows for free transfers between buses and subways within a 30-minute window.

Here’s a look at typical costs:

• Single Ride (with T-money): Around ₩1,300 – ₩1,500 (approx. $1.00 – $1.15 USD).
• Monthly Transportation Budget: For daily commutes to your university and weekend explorations, you can expect to budget around ₩60,000 to ₩100,000 ($50 – $80 USD). This estimate holds true for cities like Incheon, while it might be slightly higher in a larger city like Seoul depending on your travel frequency.

While taxis are readily available and clean, they are a much pricier option. The base fare typically starts around ₩4,800 ($3.50 USD) and increases quickly with distance, making them best for group travel or late-night emergencies. To save money, consider living near your university campus to walk or bike, minimizing daily travel expenses and allowing you to spend more on experiencing Korean culture.

Healthcare and Insurance Costs

South Korea’s healthcare is top-notch, but insurance is a must. International students usually need to join the National Health Insurance Service (NHIS). It’s around $40-$60 a month, giving you access to lots of medical services. Budgeting for this means you’re ready for any unexpected health stuff. Seriously, NHIS is mandatory for international students [3]. It gives a great deal of peace of mind.

Miscellaneous Expenses to Consider

• Entertainment and Leisure: $50 – $100 per month
• Personal Care and Hygiene: $20 – $50 per month
• Internet and Mobile Bills: $30 – $60 per month
• Study Materials: $50 – $100 per semester

Don’t forget those extra costs! Things like entertainment, personal stuff, and textbooks add up. Entertainment can be $50-$100 a month, while personal care is maybe $20-$50. Internet and phone bills? Budget $30-$60. And books and materials could be $50-$100 each semester. Careful planning helps manage living expenses in Seoul. It’s worth thinking about these little things.

Part-Time Job Opportunities for Students

Working part-time while you study in South Korea is an excellent way to gain experience, practice your Korean, and ease your financial burden. For those on a D-2 student visa, the opportunity to work is available, but it comes with specific rules you need to follow.

First, you’ll need to obtain permission from your university and the local immigration office. Typically, you can apply after you have completed your first semester and have a good academic record.

Working Hour Limits and Common Jobs

The number of hours you can work depends on your level of study and Korean language proficiency:

• Undergraduate Students: Generally allowed to work up to 20 hours per week from Monday to Friday.
• Master’s and Ph.D. Students: Can often work up to 30 hours per week.
• Weekends & Holidays: There are usually no restrictions on working hours during weekends, official holidays, and vacation periods.

Common part-time jobs for international students are plentiful and diverse. Many students find opportunities as English tutors, translators, or research assistants at their universities. Other popular roles include working in restaurants, cafes, convenience stores, and retail shops. These positions not only provide income but also immerse you in the local culture.

Expected Wages

The national minimum wage in South Korea for 2025 is ₩9,860 per hour (approximately $7.10 USD). However, many part-time jobs, especially those requiring English language skills like tutoring, can pay more, often ranging from $8 to $15 USD an hour. This income can be a significant help in covering your daily living expenses.[4]

Balancing your job with your studies is crucial, so always prioritize your academic responsibilities. For a smooth start to your journey, be sure to properly navigate your visa application by referring to a reliable South Korea student visa guide for Indian students.

Suggested Readings

• South Korea Student Visa for Indian Students: Comprehensive Step-by-Step Guide for 2025
• Study in South Korea without IELTS: Your Ultimate Guide 2025
• Masters in South Korea for Indian Student – Top Universities, Courses, Eligibility, Intakes
• Post-Study Work Visa in South Korea: Eligibility, Requirements, and Process
• Your Ultimate Guide to Choosing the Right Masters Courses in South Korea Universities

FAQs – Living Cost in South Korea for International Students

1. What is the average cost of living for a student in South Korea?

So, what’s the average? Expect to spend around $800 to $1,500 a month, covering everything from rent to ramen. It all depends on your lifestyle, of course! But that is a good average cost of living in South Korea to start with.

2. Are there affordable accommodation options for international students?

Definitely! Dorms are usually your cheapest bet, costing between $200 and $400 a month. Shared housing, like goshiwons, is also a great option if you’re on a tight budget. These can save a lot!

3. How much does food cost on average per month?

If you’re cooking and hitting up the university cafeteria, you can probably keep food costs to around $300-$500 a month. Eating out all the time will definitely bump that number up, though.

4. Can international students work part-time to cover expenses?

Yep, with a D-2 visa, you can work part-time and earn roughly $8-$10 an hour. It’s a great way to offset those monthly expenses in Korea. Just keep an eye on your study schedule!

5. Is public transportation affordable in major cities?

For sure! Public transport is pretty affordable, with monthly passes costing around $50-$80. Plus, student discounts can save you even more if you get a transport card. Don’t forget to grab it!

6. How much should I budget for healthcare and insurance?

Plan on about $40-$60 a month for health insurance through the National Health Insurance Service (NHIS). It’s super important and gives you access to good healthcare, so it’s a must.

7. What are the most affordable cities to study in South Korea?

If you’re looking for budget-friendly options, Busan, Daegu, and Gwangju are all more affordable than Seoul. They have a lower cost of living in South Korea and still have great universities.

8. How can I reduce my living expenses while studying abroad?

Cook your own meals, use public transport, hunt for student discounts, and think about shared housing. These little things all add up and lower the student accommodation cost in Korea!

9. Are there any student discounts on public transport?

Yes, many cities offer student discounts! Just grab a T-money card or other student-specific passes to save some cash. Enquire at your university for more information on available offers.

10. Can I get financial aid to cover living costs?

Definitely explore scholarship options! Look at university programs, government aid, and private organizations to help cover your living cost in South Korea. Do your research!

Conclusion

Wrapping up, understanding the living cost in South Korea for international students is the key to a smooth study abroad adventure. Plan carefully, budget smart, and find ways to save. South Korea has fantastic education and culture waiting for you, and with the right prep, it can be a rewarding and affordable experience. Good luck!

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