Statement:
In South Korea the cost of living is lower than in The USA

In the Cost of Living rating South Korea holds position #43 2012 out of 90 and The USA is #33 out of 90 2012.
Position of South Korea is better than position of The USA.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both South Korea and The USA, compared to most countries of the World.

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 66.95
    The USA 'Cost of Living Index' value is 69.92
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 76.46
    The USA 'Cost of Living Index' value is 70.55
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 75.93
    The USA 'Cost of Living Index' value is 72.47
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 75.16
    The USA 'Cost of Living Index' value is 70.95
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 76.62
    The USA 'Cost of Living Index' value is 68.95
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 81.07
    The USA 'Cost of Living Index' value is 77.23
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 74.45
    The USA 'Cost of Living Index' value is 73.21
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 77.80
    The USA 'Cost of Living Index' value is 73.38
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 91.41
    The USA 'Cost of Living Index' value is 76.97
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 80.44
    The USA 'Cost of Living Index' value is 80.54
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 68.62
    The USA 'Cost of Living Index' value is 83.06