Lifestyle
South Korea — Living: Cost Of Living
World Bank data show South Korea inflation of 2.1% in 2025 and a price level around 62% of the US.
VerifiedGovernment / official sourceWorld Bank – CPI inflation (FP.CPI.TOTL.ZG), PPP conversion factor for private consumption (PA.NUS.PRVT.PP) and official exchange rate (PA.NUS.FCRF)Last reviewed: 2026-10-26
Key facts
- World Bank data: consumer price inflation in South Korea was 2.1% in 2025, 2.3% in 2024 and 3.6% in 2023.
- The ratio of the private-consumption PPP conversion factor to the official exchange rate implies a price level of about 62% of the United States in 2025 (US = 100).
- GDP per capita (PPP, current international dollars) was about 63,125 in 2025, indicating income levels against which prices should be read.
- These are economy-wide averages, not prices for a specific basket, city or lifestyle.