International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:

Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).

Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.

International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).

International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Location Rankings

Cost of Living Comparison by City and Country

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Location Reviews

Cost of Living Review by City and Country


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Korea Republic of, Busan

Korea Republic of, BusanBusan is South Korea's second largest metropolis after Seoul. Busan is the largest port city in South Korea and the fifth largest port in the world with transportation and shipping among the most high profile aspects of the local economy.

The Republic of Korea is in Eastern Asia, in the southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea. The climate is temperate with rainfall heavier in summer.

The official language is Korean. English is widely spoken in official and business circles but not all are likely to speak it. It is spoken by staff at most good hotels. The main religions are Buddhism and Christianity.

The economy of South Korea is a developed, largely free-market economy that is the fourth largest in Asia and 15th largest in the world. An extremely competitive education system and a highly skilled and motivated workforce are two key factors driving this knowledge economy that has the world's highest scientific literacy and second highest mathematical literacy.

In South Korea, business titles are often used as a sign of respect. Expatriate business dress is typically formal, such as suits.

The security risk for expatriates in South Korea is low. Risks include low levels of petty crime, periodic anti-US or anti-Japanese sentiment, and the threat of nuclear weapons from North Korea.

The currency of South Korea is the South-Korean Won (KRW). Credit cards are accepted in major cities. ATMs are widely available, but may not accept all international cards.

Medical facilities are of a good standard but can be expensive.

The population of Busan is 8.2 Million (2018 est.), while the inflation rate (CPI) is 1.6% for South Korea as at April 2018.

For a single Expat, the personal income tax rate in South Korea is based on the personal income tax (PIT) rates which are progressive up to 40%. Besides PIT, there is also local income tax that is assessed at a rate of 10% of the PIT rates.

Cost Of Living

The cost of living for expatriates / professional migrants in Busan as at 1 April 2018 is very high in comparison to other places in the world.

In Busan, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Very High
2) Clothing: Very High
3) Communication: Very Low
4) Education: Average
5) Furniture & Appliances: Very High
6) Groceries: Very High
7) Healthcare: Average
8) Household Accommodation: High
9) Miscellaneous: Very High
10) Personal Care: Average
11) Recreation & Culture: High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Low

Busan is for example 113.2% more expensive than Houston TX for groceries, 46.4% more expensive for household costs than Kuala Lumpur, and 2.2% more expensive for transport costs than Dubai.

Busan is ranked as a some hardship location.

The hardship premium for Busan for an expat from Perth, is for example 10%, i.e. host location (Busan) premium of 20% minus home (Perth) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Busan? Register subscribe to your home location and Busan and run your personalised reports.