✦ Compare countries
Canada vs South Korea
Compare cost of living, taxes, salaries and visas between Canada and South Korea.
| Canada | South Korea | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 122 | 84 |
| Taxes | ||
| Income tax (top rate) | 33% | 45% |
| VAT / sales tax | 5% | 10% |
| Corporate tax | 26.5% | 24% |
| Economy & salaries | ||
| Avg net salary | $3,300/mo | $2,500/mo |
| Minimum wage | $1,900/mo | $1,500/mo |
| GDP per capita | $55,698 | $35,563 |
| Inflation (annual) | 2.1% | 2.3% |
| Life expectancy | 82 yr | 84 yr |
| Quality of life | ||
| LGBTQ+ acceptance | High | Low |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Canada cheaper than South Korea?
South Korea is about 31% cheaper than Canada overall — its cost-of-living index is 84 versus 122 for Canada.
How much do you need to earn in South Korea to live like in Canada?
To keep the same standard of living, a $75,000 salary in Canada is worth about $51,862 in South Korea. Enter your own figure in the calculator above.
Which has lower taxes, Canada or South Korea?
Canada has the lower top income-tax rate — 33% versus 45% in South Korea.