✦ Compare countries
Austria vs South Korea
Compare cost of living, taxes, salaries and visas between Austria and South Korea.
| Austria | South Korea | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 97 | 84 |
| Taxes | ||
| Income tax (top rate) | 55% | 45% |
| VAT / sales tax | 20% | 10% |
| Corporate tax | 23% | 24% |
| Capital gains | 27.5% | — |
| Economy & salaries | ||
| Avg net salary | $2,400/mo | $2,500/mo |
| Minimum wage | — | $1,500/mo |
| GDP per capita | $56,505 | $35,563 |
| Inflation (annual) | 3% | 2.3% |
| Life expectancy | 82 yr | 84 yr |
| Quality of life | ||
| LGBTQ+ acceptance | High | Low |
| Digital-nomad visa | No | Yes |
? Frequently asked questions
Is Austria cheaper than South Korea?
South Korea is about 13% cheaper than Austria overall — its cost-of-living index is 84 versus 97 for Austria.
How much do you need to earn in South Korea to live like in Austria?
To keep the same standard of living, a $75,000 salary in Austria is worth about $65,261 in South Korea. Enter your own figure in the calculator above.
Which has lower taxes, Austria or South Korea?
South Korea has the lower top income-tax rate — 45% versus 55% in Austria.