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International Cost of Living Calculators

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


Expat Salary: Detailed international cost of living and salary comparison.


Cost of Living Comparison: Determines allowance based on cost of living difference.


International Cost of Living Index: COLI's for multiple locations using home base.


International Assignment: Global Mobility using build-up approach.


Hypothetical Tax: Effective tax rate for any country in the world.

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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
Hypothetical Tax Calculator
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Pricing

International Cost of Living Calculator Pricing


7 Day Subscription = $39 per location (minimum of 2 locations required)


Annual Subscription = $89 per location (minimum of 2 locations required)


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Articles & Rankings

Cost of Living Articles and Rankings


-International City Cost of Living Rankings

-Regional Cost of Living Rankings (Africa;
America; Asia Pacific; Europe; Middle East)

-Latest Inflation Rates around the world

-Latest Personal Income Tax Rates

-Cost of Living Rankings by Basket

-Articles related to cost of living
and expatriate life


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Cost of Living Reviews

Cost of Living Reviews by City and Country for 780 International Locations

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Help

International Cost of Living Help

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Korea Republic of, Busan
Overview

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 1.9% for South Korea as at September 2018.

Xpatulator Hypothetical Tax for South Korea is based on the current personal income tax (PIT) rates which are progressive up to 42%. Besides PIT, there is also local income tax that is assessed at a rate of 10% of the PIT rates. The inclusive rates are therefore progressive up to 46.2 ((42% + (42%*10%)).


Cost Of Living

The cost of living for expatriates / professional migrants in Busan as at 1 October 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 108.8% more expensive than Houston TX for groceries, 44.9% more expensive for household costs than Kuala Lumpur, and 28.9% 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.

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