South Korea
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Its hard to give you exact figures of prices, especially utilities as mine sort of come bundled under one 'fee'. The most expensive thing by far is oil heating. It can cost from $100 upwards a month in winter, depending on how much you use it. I dare say the winters here are fierce but from my knowledge most people are happy to part with the money. I'm extremely fortunate in that I don't actually pay for any oil, I have a very good director.
Food is cheap. You can live comfortably for $50 a week. Eating out is often cheaper and a full meal costs between $5 to $10. Of course the more 'fancy' you go the more you pay, as one would expect.
Power is also dirt cheap. Again, I don't see my power bill, but it isn't very much. $50 a month is top.
Tax here is at best dodgy. Officially, and hold onto your hat for this one, its only 5%. Your employer deducts this from your salary and you really don't even notice it.
Insurance is about $30 a month. All contracts state you have to have insurance and generally your employer pays for 50% of it. In my experience its worth having. Its a small price to pay in the event of something going wrong. I also ride a motorbike here so it's peace of mind for me should I ever be in an accident.
I actually live at my academy so I don't pay rent as per se. All up I pay $100 for all my utilities, tax and rent for one month. As you can see I pay less then 5% tax, but the tax laws here aren't stringent. The most I've ever heard anyone pay for rent is $200 a month. Most contracts have the employer paying for rent.
Its hard to give you exact figures of prices, especially utilities as mine sort of come bundled under one 'fee'. The most expensive thing by far is oil heating. It can cost from $100 upwards a month in winter, depending on how much you use it. I dare say the winters here are fierce but from my knowledge most people are happy to part with the money. I'm extremely fortunate in that I don't actually pay for any oil, I have a very good director.
Food is cheap. You can live comfortably for $50 a week. Eating out is often cheaper and a full meal costs between $5 to $10. Of course the more 'fancy' you go the more you pay, as one would expect.
Power is also dirt cheap. Again, I don't see my power bill, but it isn't very much. $50 a month is top.
Tax here is at best dodgy. Officially, and hold onto your hat for this one, its only 5%. Your employer deducts this from your salary and you really don't even notice it.
Insurance is about $30 a month. All contracts state you have to have insurance and generally your employer pays for 50% of it. In my experience its worth having. Its a small price to pay in the event of something going wrong. I also ride a motorbike here so it's peace of mind for me should I ever be in an accident.
I actually live at my academy so I don't pay rent as per se. All up I pay $100 for all my utilities, tax and rent for one month. As you can see I pay less then 5% tax, but the tax laws here aren't stringent. The most I've ever heard anyone pay for rent is $200 a month. Most contracts have the employer paying for rent.
Labels: South Korea
posted by Harry Clements-Shepherd at
10:51 PM
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