South Korea vs US: Cost of Living & Salary comparison [2024] (2024)

South Korea United States
๐Ÿšถโ€‰Cost of living one person

$1118

$2433

๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆโ€‰Cost of living Family

$3093

$5667

๐Ÿ โ€‰One person rent

$471

$1552

๐Ÿ˜๏ธโ€‰Family rent

$1095

$2714

๐Ÿฝ๏ธโ€‰Food expenses

$454

$618

๐Ÿšโ€‰Transport expenses

$98.5

$104

๐Ÿ’ณโ€‰Monthly salary after tax

$2392

$4694

๐Ÿ’ธโ€‰GDP per capita

$32423

$76330

๐Ÿ˜ƒโ€‰Human freedom index

8.12

8.39

โค๏ธโ€‰Life expectancy

83.5

76.3

๐Ÿ‘ฎโ€‰Corruption perceptions index

63

69

๐ŸŒโ€‰English speaking %

20%

95.5%

๐ŸŽ“โ€‰Higher education

87

100

๐Ÿ˜€โ€‰Quality of life

87

86

๐Ÿ™๏ธโ€‰Population

51.5M

331M

The average cost of living in South Korea ($1118) is 54% less expensive than in the United States ($2433). South Korea ranked 62nd vs 7th for the United States in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 2.1 months in South Korea compared to 1.9 months in the United States. Ranked 20th and 21st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

South Korea vs US: Cost of Living & Salary comparison [2024] (1)

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South Korea vs US: Cost of Living & Salary comparison [2024] (2024)
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