International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:

Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).

Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.

International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).

International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

Register Now
Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
Register Now

International Cost of Living Calculator Pricing

7 Day Subscription = $39 per location (minimum of 2 locations required)

Annual Subscription = $89 per location (minimum of 2 locations required)

See below for full details

No more waiting

Reports within minutes

Register Now
Location Rankings

Cost of Living Comparison by City and Country

Find out the World Rankings Today

Most Expensive Location Rankings

Latest Basket Group Rankings

Easy to Use

Register Now
Location Reviews

Cost of Living Review by City and Country


International Cost of Living Help

Use our search box OR
look for your question in the list below

Is your question not here?

Email it to us at:


and we will get back to you

Register Now
Korea Republic of, All Areas

Korea Republic of, All AreasThe Republic of Korea is in Eastern Asia, in the southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea. The climate is temperate with rainfall heavier in summer.

The official language is Korean. English is widely spoken in official and business circles but not all are likely to speak it. It is spoken by staff at most good hotels. The main religions are Buddhism and Christianity.

The economy of South Korea is a developed, largely free-market economy that is the fourth largest in Asia and 15th largest in the world. An extremely competitive education system and a highly skilled and motivated workforce are two key factors driving this knowledge economy that has the world's highest scientific literacy and second highest mathematical literacy.

In South Korea, business titles are often used as a sign of respect. Expatriate business dress is typically formal, such as suits.

The security risk for expatriates in South Korea is low. Risks include low levels of petty crime, periodic anti-US or anti-Japanese sentiment, and the threat of nuclear weapons from North Korea.

The currency of South Korea is the South-Korean Won (KRW). Credit cards are accepted in major cities. ATMs are widely available, but may not accept all international cards.

Medical facilities are of a good standard but can be expensive.

The population of the Republic of Korea is 51.4 Million (2018 est.), while the inflation rate (CPI) is 1.6% for South Korea as at April 2018.

For a single Expat, the personal income tax rate in South Korea is based on the personal income tax (PIT) rates which are progressive up to 40%. Besides PIT, there is also local income tax that is assessed at a rate of 10% of the PIT rates.

Cost Of Living

The cost of living for expatriates / professional migrants in Republic of Korea as at 1 April 2018 is very high in comparison to other places in the world.

In Republic of Korea, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Very High
2) Clothing: Very High
3) Communication: Very Low
4) Education: Average
5) Furniture & Appliances: Very High
6) Groceries: Very High
7) Healthcare: Average
8) Household Accommodation: High
9) Miscellaneous: Very High
10) Personal Care: Low
11) Recreation & Culture: High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Low

Republic of Korea is for example 65.9% more expensive than USA for groceries, 3.9% more expensive for household costs than UK, and 67.3% more expensive for transport costs than India.

Republic of Korea is ranked as a some hardship location.

The hardship premium for Republic of Korea for an expat from Australia, is for example 10%, i.e. host location (the Republic of Korea) premium of 20% minus home (Australia) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Republic of Korea? Register subscribe to your home location and Republic of Korea and run your personalised reports.