Surviving Student Life: A Guide to Monthly Expenses
LIFE
01 Aug 2023
9 minute read

Navigating student life in a foreign country can be a challenge, and South Korea is no exception. From dormitory living to renting a private room, your housing choice can significantly impact your monthly budget. Let's explore the various factors that influence accommodation costs in South Korea for students.

1. Dormitory Living: On-Campus vs. Off-Campus

a. On-Campus Housing

  • Cost: The payment method for dormitory fees can vary by university. Some institutions may ask you to pay a lump sum for the whole semester before the semester begins, while others might allow you to pay month by month. It's essential to check with the university you want to study at to understand their specific payment requirements. If you are a government scholarship student (GKS), be prepared since the scholarship monthly allowance is fixed every month. A double room at Ewha Womans University in Seoul, for instance, costs around 2 million won per semester.
  • The Process: Some difficulties might arise for GKS students with delays in TOPIK scores, university acceptance, and other administrative processes.
  • Advantages: Access to university facilities and integration into student life.

b. Off-Campus Housing

  • Deposit: In South Korea, you must pay a deposit ranging from 1 to 5 million won, depending on the homeowner's price, excluding monthly rent.
  • Rent: For a single room, prices can range from around 200,000 to 700,000 won.
  • Factors Influencing Price:

- Location: Proximity to the university and living in Seoul generally costs more.

- Size: Rooms are usually quite small, typically ranging from 18 to 23 square meters.

- Building Age: Older buildings are generally cheaper.

- Room Position: Basement rooms are cheaper but can be colder and lack sunlight.

- Elevator Access: Buildings with elevators tend to be more expensive.

A Personal Experience:

I found that my room in Daejeon wasn't as cheap as one might expect because it's more spacious than other rooms in the same area, and I was living not far from the university. Rooms here are generally small, around 18 square meters, and I encountered many older buildings in the area I resided in. I paid around 340,000 won at the beginning of every month for my 28-square meter unnew room near the university. Finding a room for me was hard because of the communication barrier, something many international students may encounter. Navigating the local housing market, understanding leases, and communicating with landlords in Korean proved to be challenging tasks. So, in the end, I asked my Korean friend to help me find a room. Having someone who understands both the language and the culture can be a significant advantage in securing suitable housing. If you find yourself in a similar situation, don't hesitate to seek local assistance or reach out to fellow students or university support services.

Summary of Key Insights
  • Expect to pay between 4xx,000 to 6xx,000 won for an 18-square meter room in central Seoul.
  • In Daejeon, near university areas, the same sized room might cost around 2xx,000 won.
Conclusion

Choosing where to live as a student in South Korea is a significant decision with many variables to consider. Whether you opt for an on-campus dormitory or an off-campus single room, understanding the factors that influence the cost will help you make an informed choice that suits both your needs and your budget. Careful planning and consideration of all these aspects can lead to a more fulfilling and financially manageable student experience in the heart of South Korea.

2. Monthly Expenses that Come with Renting a Room

a. On-Campus Living: Hidden Costs and Conveniences

Choosing to live on campus can come with its unique set of conveniences and challenges. While you might enjoy being closer to your classes and immersed in the student community, there are hidden costs you'll want to keep in mind:

  • Laundry Expenses: Most on-campus accommodations provide shared laundry facilities, but they typically aren't free. If you're planning to wash and dry your clothes on campus, you'll need to budget for coin-operated machines. These costs can add up, so it's something to factor into your monthly expenses.

b. Off-Campus Housing: depends on the property manager's guildlines

When considering renting a room, it's essential to account for the various additional expenses that might come with it. These can vary greatly, so here's an inside look at what you might encounter:

  • Trash Disposal Fee: If you have to pay an additional monthly maintenance fee, it likely covers free garbage disposal. The property manager uses this fee to cover trash collection costs. In contrast, if your place doesn't have a maintenance fee, you'll have to purchase specialized trash bags yourself. These specific bags are required for trash disposal, and the price includes the garbage collection fee.
  • Water Bill: In my case, I pay a flat rate of 20,000 won per month.
  • Wi-Fi Costs: Some people may need to pay for Wi-Fi, but in my case, it's included in the rent, so there's no extra charge.
  • Gas Charges: This covers room heating and hot water systems. Be warned, it can get costly! My winter bill was a whopping 80,000 won. You can read more about this here.
  • Electricity Bill: Generally 20,000 to 30,000 won, but the latest bill was over 40,000 won. It seems like the government is increasing electricity prices. You can stay updated on this news here.

In summary, when looking for a room to rent, it's crucial to understand the additional costs that you might have to cover. These expenses can vary widely depending on the property and its management, so make sure to consult with the property manager and understand all the fees involved.

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