Cost of Living Overview in Pohang, Gyeongbuk, Korea, South

1. Pohang Apartment Rent

Average monthly cost of renting a one-bedroom apartment in the city center.

Location: Apartments closer to tourist attractions tend to be more expensive.
Size and Amenities: Larger apartments or those with extra amenities may cost more.
Market Seasonality: Rent prices can fluctuate depending on the time of year.

Costs for fresh produce, seafood, and local goods at Pohang's bustling markets.

Seasonality: Prices can vary based on the availability of certain items during different seasons.
Location: Markets closer to tourist areas may charge slightly higher prices.
Haggling: Bargaining is common and can lead to lower prices, especially for larger purchases.

Cost of using buses, subways, and taxis in Pohang.

Distance Traveled: Longer distances typically result in higher fares.
Payment Method: Using a T-Money card can offer discounts compared to cash payments.
Time of Day: Off-peak hours or late-night travel may cost less than rush hour travel.

Cost of dining at various types of restaurants in Pohang.

Cuisine Type: Traditional Korean cuisine is generally less expensive than Western-style meals.
Location: Restaurants in tourist areas often charge a premium.
Portion Size: Larger portion sizes may result in higher costs.

Cost of internet access for homes and mobile devices.

Speed Tier: Higher speed tiers tend to cost more.
Contract Length: Longer contracts usually result in lower monthly costs.
Bundle Deals: Combining internet with other services like TV or phone may lead to savings.

Prices for everyday items at supermarkets and convenience stores.

Cost of electricity for residential use.

Usage: Higher energy consumption leads to higher bills.
Seasonality: Bills can be higher during colder or hotter months due to increased heating/cooling usage.
Usage Efficiency: Energy-efficient appliances and habits can help reduce costs.

Cost of mobile phone plans including data, calls, and texts.

Data Allowance: More data allowance usually means a higher cost.
Contract Length: Longer contracts typically result in lower monthly costs.
Roaming Fees: Using your phone abroad can result in additional roaming charges.

Cost of visiting popular tourist attractions and museums.

Attraction Type: Some attractions may offer discounted or free entry for students, seniors, or groups.
Location: Attractions in the city center may charge a premium due to their popularity.
Combination Tickets: Buying combination tickets for multiple attractions can sometimes lead to savings.

Cost of joining a gym or fitness center in Pohang.

Cost of renting a car for local travel in Pohang.

Rental Period: Longer rental periods usually result in lower daily rates.
Car Type: Larger or luxury cars tend to cost more.
Insurance Options: Adding extra insurance coverage can increase the overall cost.

Cost of taking a taxi within Pohang.

Distance Traveled: Longer distances typically result in higher fares.
Time of Day: Off-peak hours or late-night travel may cost less than rush hour travel.
Traffic Conditions: Congested traffic can increase the total fare.

Cost of staying at hotels or guesthouses in Pohang.

Cost of local beers and drinks at bars, restaurants, and convenience stores.

Drink Type: Imported alcohol tends to cost more than locally produced options.
Location: Drinks in bars or restaurants may be more expensive than convenience stores.
Portion Size: Larger portion sizes may result in higher costs.

Cost of coffee and other drinks at local cafes.