The housing costs and security deposits are the big reasons why Seoul often appears on top ten lists of the world's most expensive cities. ... Houses are common in the countryside, but not in any of hte major cities.

Is Seoul an expensive city?

South Korea's capital city, Seoul, ranks as the seventh most expensive city in the world to live in this year, a survey showed Saturday. ... Tokyo is 4 percent cheaper than New York and Seoul to live in, while Shanghai is the most expensive city in mainland China, ranking 25th on the global chart with an index of 85.

Is South Korea expensive for tourists?

The Bottom Line

Generally, you should expect to spend between $50-150 per person, per day to travel in South Korea, depending on how many people are in your group and what you consider to be an acceptable level of comfort. (You can, of course, travel a bit more cheaply and significantly more expensively than this!)