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Germany vs South Korea

Compare cost of living, taxes, salaries and visas between Germany and South Korea.

GermanySouth Korea
Cost of living
Cost of living index11584
Taxes
Income tax (top rate)45%45%
VAT / sales tax19%10%
Social security (employee)20%โ€”
Corporate tax30%24%
Capital gains26.4%โ€”
Economy & salaries
Avg net salary$2,900/mo$2,500/mo
Minimum wage$2,200/mo$1,500/mo
GDP per capita$60,496$35,563
Inflation (annual)2.2%2.3%
Life expectancy81 yr84 yr
Quality of life
LGBTQ+ acceptanceHighLow
Digital-nomad visaNoYes

? Frequently asked questions

Is Germany cheaper than South Korea?

South Korea is about 27% cheaper than Germany overall โ€” its cost-of-living index is 84 versus 115 for Germany.

How much do you need to earn in South Korea to live like in Germany?

To keep the same standard of living, a $75,000 salary in Germany is worth about $54,667 in South Korea. Enter your own figure in the calculator above.