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South Korea vs United Kingdom
Compare cost of living, taxes, salaries and visas between South Korea and United Kingdom.
| South Korea | United Kingdom | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 84 | 138 |
| Taxes | ||
| Income tax (top rate) | 45% | 45% |
| VAT / sales tax | 10% | 20% |
| Social security (employee) | — | 8% |
| Corporate tax | 24% | 25% |
| Capital gains | — | 24% |
| Economy & salaries | ||
| Avg net salary | $2,500/mo | $2,900/mo |
| Minimum wage | $1,500/mo | $2,050/mo |
| GDP per capita | $35,563 | $57,602 |
| Inflation (annual) | 2.3% | 3.9% |
| Life expectancy | 84 yr | 81 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Low | High |
| Digital-nomad visa | Yes | No |
? Frequently asked questions
Is South Korea cheaper than United Kingdom?
United Kingdom is about 63% more expensive than South Korea overall — its cost-of-living index is 138 versus 84 for South Korea.
How much do you need to earn in United Kingdom to live like in South Korea?
To keep the same standard of living, a $75,000 salary in South Korea is worth about $122,622 in United Kingdom. Enter your own figure in the calculator above.