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South Korea vs Turkey
Compare cost of living, taxes, salaries and visas between South Korea and Turkey.
| South Korea | Turkey | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 84 | 54 |
| Taxes | ||
| Income tax (top rate) | 45% | 40% |
| VAT / sales tax | 10% | 20% |
| Social security (employee) | — | 15% |
| Corporate tax | 24% | 25% |
| Economy & salaries | ||
| Avg net salary | $2,500/mo | $700/mo |
| Minimum wage | $1,500/mo | $600/mo |
| GDP per capita | $35,563 | $15,666 |
| Inflation (annual) | 2.3% | 44% |
| Life expectancy | 84 yr | 78 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Low | Low |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is South Korea cheaper than Turkey?
Turkey is about 36% cheaper than South Korea overall — its cost-of-living index is 54 versus 84 for South Korea.
How much do you need to earn in Turkey to live like in South Korea?
To keep the same standard of living, a $75,000 salary in South Korea is worth about $48,166 in Turkey. Enter your own figure in the calculator above.
Which has lower taxes, South Korea or Turkey?
Turkey has the lower top income-tax rate — 40% versus 45% in South Korea.