✦ Compare countries
South Korea vs Spain
Compare cost of living, taxes, salaries and visas between South Korea and Spain.
| South Korea | Spain | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 84 | 100 |
| Taxes | ||
| Income tax (top rate) | 45% | 47% |
| VAT / sales tax | 10% | 21% |
| Social security (employee) | — | 6.4% |
| Corporate tax | 24% | 25% |
| Capital gains | — | 28% |
| Economy & salaries | ||
| Avg net salary | $2,500/mo | $1,900/mo |
| Minimum wage | $1,500/mo | $1,300/mo |
| GDP per capita | $35,563 | $38,627 |
| Inflation (annual) | 2.3% | 2.7% |
| Life expectancy | 84 yr | 84 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Low | High |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is South Korea cheaper than Spain?
Spain is about 19% more expensive than South Korea overall — its cost-of-living index is 100 versus 84 for South Korea.
How much do you need to earn in Spain to live like in South Korea?
To keep the same standard of living, a $75,000 salary in South Korea is worth about $89,483 in Spain. Enter your own figure in the calculator above.
Which has lower taxes, South Korea or Spain?
South Korea has the lower top income-tax rate — 45% versus 47% in Spain.