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Italy vs South Korea
Compare cost of living, taxes, salaries and visas between Italy and South Korea.
| Italy | South Korea | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 106 | 84 |
| Taxes | ||
| Income tax (top rate) | 43% | 45% |
| VAT / sales tax | 22% | 10% |
| Corporate tax | 24% | 24% |
| Capital gains | 26% | — |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $2,500/mo |
| Minimum wage | — | $1,500/mo |
| GDP per capita | $43,309 | $35,563 |
| Inflation (annual) | 1.5% | 2.3% |
| Life expectancy | 84 yr | 84 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Moderate | Low |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Italy cheaper than South Korea?
South Korea is about 20% cheaper than Italy overall — its cost-of-living index is 84 versus 106 for Italy.
How much do you need to earn in South Korea to live like in Italy?
To keep the same standard of living, a $75,000 salary in Italy is worth about $59,761 in South Korea. Enter your own figure in the calculator above.
Which has lower taxes, Italy or South Korea?
Italy has the lower top income-tax rate — 43% versus 45% in South Korea.