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South Korea vs Vietnam
Compare cost of living, taxes, salaries and visas between South Korea and Vietnam.
| South Korea | Vietnam | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 84 | 45 |
| Taxes | ||
| Income tax (top rate) | 45% | 35% |
| VAT / sales tax | 10% | 10% |
| Corporate tax | 24% | 20% |
| Economy & salaries | ||
| Avg net salary | $2,500/mo | $500/mo |
| Minimum wage | $1,500/mo | $200/mo |
| GDP per capita | $35,563 | $4,347 |
| Inflation (annual) | 2.3% | 3.6% |
| Life expectancy | 84 yr | 75 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Low | Moderate |
| Digital-nomad visa | Yes | No |
? Frequently asked questions
Is South Korea cheaper than Vietnam?
Vietnam is about 46% cheaper than South Korea overall — its cost-of-living index is 45 versus 84 for South Korea.
How much do you need to earn in Vietnam to live like in South Korea?
To keep the same standard of living, a $75,000 salary in South Korea is worth about $40,229 in Vietnam. Enter your own figure in the calculator above.
Which has lower taxes, South Korea or Vietnam?
Vietnam has the lower top income-tax rate — 35% versus 45% in South Korea.