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India vs South Korea
Compare cost of living, taxes, salaries and visas between India and South Korea.
| India | South Korea | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 57 | 84 |
| Taxes | ||
| Income tax (top rate) | 30% | 45% |
| VAT / sales tax | 18% | 10% |
| Corporate tax | 25% | 24% |
| Economy & salaries | ||
| Avg net salary | $500/mo | $2,500/mo |
| Minimum wage | $150/mo | $1,500/mo |
| GDP per capita | $2,702 | $35,563 |
| Inflation (annual) | 2.4% | 2.3% |
| Life expectancy | 72 yr | 84 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Low | Low |
| Digital-nomad visa | No | Yes |
? Frequently asked questions
Is India cheaper than South Korea?
South Korea is about 47% more expensive than India overall — its cost-of-living index is 84 versus 57 for India.
How much do you need to earn in South Korea to live like in India?
To keep the same standard of living, a $75,000 salary in India is worth about $109,983 in South Korea. Enter your own figure in the calculator above.
Which has lower taxes, India or South Korea?
India has the lower top income-tax rate — 30% versus 45% in South Korea.