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Australia vs South Korea
South Korea is {pct} {word} than Australia. Compare cost of living, taxes, salaries and visas — and the salary you’d need in South Korea to match Australia.
Australia vs South Korea at a glance — South Korea is 32% cheaper than Australia overall. Average net salary: $2,500/mo vs $3,900/mo. Top income tax: 45% vs 45%.
| Australia | South Korea | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 123 | 84 |
| Taxes | ||
| Income tax (top rate) | 45% | 45% |
| VAT / sales tax | 10% | 10% |
| Corporate tax | 30% | 24% |
| Economy & salaries | ||
| Avg net salary | $3,900/mo | $2,500/mo |
| Avg annual wage (OECD, PPP) | $72,018✓ | $61,259✓ |
| Minimum wage | $2,600/mo | $1,500/mo |
| GDP per capita | $65,130✓ | $35,563✓ |
| Inflation (annual) | 2.9%✓ | 2.3%✓ |
| Life expectancy | 83 yr✓ | 84 yr✓ |
| Quality of life | ||
| LGBTQ+ acceptance | High | Low |
| Digital-nomad visa | No | Yes |
✓ = official statistics (OECD (PPP), World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →
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? Frequently asked questions
Is Australia cheaper than South Korea?
South Korea is about 32% cheaper than Australia overall — its cost-of-living index is 84 versus 123 for Australia.
How much do you need to earn in South Korea to live like in Australia?
To keep the same standard of living, a $75,000 salary in Australia is worth about $51,354 in South Korea. Enter your own figure in the calculator above.