House Rents in Seoul at Relatively Low Level
Food prices in Seoul are higher than those in New York and Tokyo, according to a cost of living comparison among cities around the world.
Seoul posted 105.01, sixth-highest among 375 cities around the world, in the food price category of the Numbeo index. The index is based on consumer prices in New York and Seoul’s score means food prices in Seoul are 105.01 percent of those in New York.
The food price index is calculated based on how much a person in a city must pay to buy one liter of milk, 500 grams of bread, a head of cabbage, etc.
The list was topped by Swiss cities well-known for extremely high consumer prices. Zurich posted 130.18, followed by Basel (128.26), Lausanne (127.70), Geneva (119.81), and Bern (113.57). New York came in seventh, followed by Trondheim and Honolulu. Tokyo and Toronto ranked 15th and 19th, respectively. Rawalpindi, Pakistan (14.37) recorded the lowest food price on the list.
In the cost of living category covering food prices, eating-out expenses, transportation expenses and consumer goods prices, Seoul ranked 23rd with 86.59, higher than Paris (86.02), Toronto (85.34), Osaka (82.51) and Singapore (81.12).
When it comes to house rents, however, Seoul is at a pretty low level compared to many cities. Seoul posted 26.53 and ranked 132nd in this category. It is approximately 73 percent lower than that of New York.