✦ Compare
Madrid vs
Seoul
Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.
To keep the same standard of living in Seoul, KR, you'd need
$61,238 / year
Seoul, KR is 18% cheaper overall
Category breakdown (Seoul, KR vs Madrid, ES)
- Housing-25%
- Food & groceries-15%
- Transport-31%
- Utilities-27%
- Healthcare-19%
- Goods & services-5%
▤ Full comparison
| Madrid, ES | Seoul, KR | |
|---|---|---|
| Cost of living | ||
| Overall cost index | 103 | 84 |
| Housing | 120 | 90 |
| Food | 100 | 85 |
| Transport | 80 | 55 |
| Utilities | 110 | 80 |
| Healthcare | 80 | 65 |
| Goods & services | 100 | 95 |
| Housing | ||
| Rent, 1-bed centre | $1,300/mo | $900/mo |
| Rent, 1-bed outside | $950/mo | $650/mo |
| Rent, 3-bed centre | $2,600/mo | $1,900/mo |
| Buy price / m² centre | $6,000 | $12,000 |
| Money & purchasing power | ||
| $1,000 goes as far as | $971 | $1,189 |
| Inexpensive meal | $14 | $8 |
| Monthly transit pass | $60 | $45 |
| Taxes | ||
| Income tax (top rate) | 47% | 45% |
| VAT / sales tax | 21% | 10% |
| Social security (employee) | 6.4% | — |
| Corporate tax | 25% | 24% |
| Capital gains | 28% | — |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $2,500/mo |
| Minimum wage | $1,300/mo | $1,500/mo |
| GDP per capita | $38,627 | $35,563 |
| Inflation (annual) | 2.7% | 2.3% |
| Work & digital nomad | ||
| Digital-nomad visa | Yes | Yes |
| English proficiency | Low | Moderate |
| Coworking spaces | 70 | 40 |
| Time zone | UTC+1 | UTC+9 |
| Quality of life | ||
| Safety index | 62 | 78 |
| Healthcare index | 80 | 82 |
| Pollution index | 45 | 55 |
| Internet speed | 200 Mbps | 220 Mbps |
| Walkability | 88 | 75 |
| Public transport | 90 | 92 |
| Family-friendly | 68 | 68 |
| Tap water | Safe to drink | Safe to drink |
| Life expectancy | 84 yr | 84 yr |
| LGBTQ+ acceptance | High | Low |
| Climate | ||
| January avg | +6 °C | -2 °C |
| July avg | +25 °C | +25 °C |
| Sunny days / year | 250 | 200 |
| Rainfall / year | 420 mm | 1,400 mm |
| Connectivity | ||
| Flight to nearest hub | 1 h | 2 h |
Taxes & Economy & salaries: Spain vs South Korea. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.
? Frequently asked questions
Moving from Madrid to Seoul: cheaper or more expensive?
Moving from Madrid to Seoul, your cost of living will be roughly 18% cheaper. Seoul’s cost-of-living index is 84 versus 103 for Madrid (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.
Is Madrid cheaper than Seoul?
Seoul is about 18% cheaper than Madrid overall — its cost-of-living index is 84 versus 103 for Madrid.
How much do you need to earn in Seoul to live like in Madrid?
To keep the same standard of living, a $75,000 salary in Madrid is worth about $61,238 in Seoul. Enter your own figure in the calculator above.
Which has lower taxes, Madrid or Seoul?
South Korea has the lower top income-tax rate — 45% versus 47% in Spain.
◷ More comparisons from Madrid
Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.