East Asia

Cost of Living in South Korea

Everything you need to know about living expenses, salaries, and affordability in South Korea.

₩900
Avg. Rent
₩350
Food
20%
Tax Rate
$1,435
Total/mo

Monthly Expenses in South Korea

Rent (1BR, city center)
63%$900
Food & Groceries
24%$350
Transportation
4%$55
Utilities
9%$130
Total Monthly Cost$1,435
Moderate— Cost Index: 0.75 (US = 1.0)

Recommended monthly salary: $3,000 (before tax)

Calculate Your Budget

Enter your salary to see if you can afford to live in South Korea.

Yaşam Maliyeti Hesaplayıcı

$
$500$5,000$30,000
Yetişkinler
1
Çocuklar
0

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Frequently Asked Questions

What is the cost of living in South Korea?
The average monthly cost of living for a single person in South Korea is approximately $1,435, including rent ($900), food ($350), transport ($55), and utilities ($130).
Is South Korea expensive to live in?
With a cost index of 0.75 (compared to the US at 1.0), South Korea is moderately priced for international standards.
What salary do I need to live in South Korea?
To live comfortably in South Korea, we recommend a monthly salary of at least $3,000 before tax. This covers all basic expenses with about 20% left for savings.
What is the tax rate in South Korea?
The estimated average income tax rate in South Korea is approximately 20%. Actual rates vary based on income level and personal circumstances.