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Portugal vs South Korea
Compare cost of living, taxes, salaries and visas between Portugal and South Korea.
| Portugal | South Korea | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 92 | 84 |
| Taxes | ||
| Income tax (top rate) | 48% | 45% |
| VAT / sales tax | 23% | 10% |
| Corporate tax | 21% | 24% |
| Capital gains | 28% | — |
| Economy & salaries | ||
| Avg net salary | $1,300/mo | $2,500/mo |
| Minimum wage | $1,000/mo | $1,500/mo |
| GDP per capita | $32,082 | $35,563 |
| Inflation (annual) | 2.3% | 2.3% |
| Life expectancy | 82 yr | 84 yr |
| Quality of life | ||
| LGBTQ+ acceptance | High | Low |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Portugal cheaper than South Korea?
South Korea is about 9% cheaper than Portugal overall — its cost-of-living index is 84 versus 92 for Portugal.
How much do you need to earn in South Korea to live like in Portugal?
To keep the same standard of living, a $75,000 salary in Portugal is worth about $68,230 in South Korea. Enter your own figure in the calculator above.
Which has lower taxes, Portugal or South Korea?
South Korea has the lower top income-tax rate — 45% versus 48% in Portugal.