Busan vs Incheon
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Busan vs Incheon
Busan is 9% more affordable for homebuyers. Busan has a price-to-income ratio of 9.5x compared to 10.2x in Incheon.
| Metric | Busan | Incheon |
|---|---|---|
| Avg Home Price | $320,000 | $350,000 |
| Price / sqm | $6,500 | $6,800 |
| Rent (1BR) | $550/mo | $600/mo |
| Rent (3BR) | $1,000/mo | $1,100/mo |
| Price-to-Income | 9.5x | 10.2x |
| Mortgage Rate | 3.8% | 3.8% |
| 1yr Change | +0.8% | -0.5% |
| Median Income | $34,000/yr | $34,000/yr |
| Population | 3,400,000 | 3,000,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Busan or Incheon more expensive?
Busan is more affordable. Home prices differ by $30,000 (9%).
Which city has cheaper rent, Busan or Incheon?
Rent for a 1BR in Busan is $550/mo vs $600/mo in Incheon.
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