Question 1

How far does your money go in Gimpo-si compared with the US?

Accepted Answer

Based on the current PPP estimate, the same home-country income goes about 1.9x further in Gimpo-si. We are using the country-level cost index for South Korea here because a defensible city-level aggregate index is not available yet.

Question 2

Is Gimpo-si cheaper or more expensive overall than New York City?

Accepted Answer

Overall living costs are about 38% cheaper than New York City for Gimpo-si. We are using the country-level cost index for South Korea here because a defensible city-level aggregate index is not available yet.

Question 3

How does rent in Gimpo-si compare with New York City?

Accepted Answer

Rent are about 84% cheaper than New York City in Gimpo-si. We are using the country-level cost index for South Korea here because a defensible city-level aggregate index is not available yet.

Question 4

How expensive are groceries and restaurants in Gimpo-si?

Accepted Answer

Groceries are about 23% cheaper than New York City and restaurant prices are about 64% cheaper than New York City. We are using the country-level cost index for South Korea here because a defensible city-level aggregate index is not available yet.

Gimpo-si, South Korea

Purchasing Power vs. United States

How Far Your Money Goes

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