Estimated Monthly Living Expenses for a Man in His 20s in Daegu, Korea

Estimated Monthly Living Expenses for a Man in His 20s in Daegu, Korea

※ Your 20s is a period where independence starts, and managing living expenses becomes crucial. Especially for a young man living in a large city like Daegu, factors such as housing, food, transportation, and other living costs significantly impact the monthly budget. In this blog, we will break down the estimated monthly living expenses for a man in his 20s living in Daegu, covering housing, food, transportation, communication, leisure, and more.

 

1. Housing Costs

Housing costs in Daegu vary depending on the area, but we can estimate the average monthly rent for areas where young adults tend to live.

• Monthly Rent: ₩300,000 to ₩700,000
  For a studio apartment or officetel in major areas of Daegu
• Utilities & Maintenance Fees: ₩100,000 to ₩200,000
  Includes management fees, electricity, gas, water bills
• Jeonse Loan Interest: ₩200,000 to ₩400,000
  For those who choose a jeonse (deposit-based) rental system, the monthly interest cost

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2. Food Expenses

Young men in their 20s often rely on eating out or ordering food. However, those looking to save money may choose to cook at home more frequently.

• Groceries (Home-Cooked Meals): ₩300,000 to ₩500,000
  Grocery shopping for cooking at home
• Eating Out & Delivery: ₩150,000 to ₩400,000
  For frequent use of restaurants or food delivery services

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3. Transportation Costs

Daegu has a well-developed public transportation system, so many people choose to use buses or subways rather than owning a car. However, some young men may own cars.

• Public Transportation: ₩50,000 to ₩80,000
  For regular use of buses and subways
• Car Maintenance Costs: ₩200,000 to ₩400,000
  Includes fuel, insurance, and maintenance costs for car owners

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4. Communication Expenses

Smartphones are essential, and monthly fees vary depending on data and usage. Many also pay for internet and IPTV services at home.

• Mobile Phone Bill: ₩30,000 to ₩70,000
  Depends on the chosen data and call plan
• Internet & IPTV: ₩40,000 to ₩60,000
  For home internet and IPTV subscription

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5. Leisure & Hobbies

Daegu offers many leisure and cultural activities. Young men in their 20s often spend money on gym memberships, hobbies, cafes, or movie outings.

• Hobbies & Fitness: ₩50,000 to ₩150,000
  Gym memberships, sports activities, and other hobbies
• Entertainment & Leisure: ₩100,000 to ₩300,000
  Movies, cafes, performances, amusement parks, etc.

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6. Other Living Expenses

Additional costs for clothing, personal items, and miscellaneous living expenses also add to the monthly budget. These expenses vary widely depending on individual lifestyle choices.

• Miscellaneous Expenses: ₩50,000 to ₩150,000
  Spending on clothing, cosmetics, daily necessities, etc.

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7. Total Monthly Living Expenses

Based on the breakdown above, the estimated monthly living expenses for a man in his 20s in Daegu are as follows:

• Housing Costs: ₩400,000 to ₩900,000
• Food Expenses: ₩450,000 to ₩900,000
• Transportation Costs: ₩50,000 to ₩400,000
• Communication Costs: ₩70,000 to ₩130,000
• Leisure & Hobbies: ₩150,000 to ₩450,000
• Miscellaneous Expenses: ₩50,000 to ₩150,000

Total Estimated Monthly Expenses: ₩1,170,000 to ₩2,930,000

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Conclusion

The monthly living expenses for a young man in his 20s living in Daegu range from approximately ₩1,170,000 to ₩2,930,000. Housing and food make up the largest portion of the budget, while transportation and leisure costs vary significantly depending on individual lifestyle choices. Managing these expenses efficiently can help in achieving financial independence and saving for the future.