The reason why foreigners say monthly rent in Korea is cheap

1. Paris, France

French median salary after taxes: 3.06 million won

Minimum wage in France: 2.05 million won

Top 10% income earners in France: 5.56 million won

Monthly rent for a studio in Paris: 1.5-2.2 million won

One-room with living room: 2.2-4.4 million won

in other words

‘Monthly rent only’ requires spending 50-73% of the median monthly salary of 3.06 million won, and for minimum wage, the monthly salary is only 2 million won, so it is difficult to live even if you spend all of it.

Even the top 10% in France can afford to pay about 75% of their salary in rent if they want to live in a studio with a living room.

2. London, England

UK median salary after tax: 3.92 million won

Monthly rent for a studio in London: 1.71 million won

A little better than Paris, but still

You have to spend 43% of your salary on rent.

3. Amsterdam, Netherlands

Netherlands median salary after tax: 4.57 million won

Monthly rent in Amsterdam, Netherlands: 3.66 million won

salary

You have to pay between 4.57 million won and 3.66 million won in monthly rent, which is about 80% of your monthly salary.

The reason why so many young people in the Netherlands live in shared rooms with shared bathrooms.

4. Milan, Italy

Italian median salary after taxes: 2.51 million won

Milan one-room average monthly rent: 2.57 million won

Monthly rent of approximately 102% of monthly salary

Must pay.

5. New York, USA

US median salary: 7.56 million won

In Korean terms, if you have a college degree or higher, the median monthly salary is 13.92 million won.

New York one-room monthly rent: 4.61 million won

You have to spend 80% of the median salary in the United States to live in New York, and even college graduates who have studied well are prepared to pay 33% of their salary in rent.

Must do.

6. Tokyo, Japan

Ministry of Health, Labor and Welfare data: Male pre-tax annual salary of 2.8 million to 2.99 million yen (monthly equivalent of 2.14 to 2.32 million won)

Women’s pre-tax annual salary: 2.2 to 2.39 million yen (monthly equivalent of 1.7 to 1.85 million won)

Average after-tax monthly salary for Japanese men and women: 1.55 million to 2.01 million won

Tokyo monthly rent: 1,010,000 won

Monthly rent is about 50-65% of the Japanese median salary.

Must be paid.

7. Vancouver, Canada

Canadian median income: 3.48 million won per month

Vancouver one-room monthly rent: 2.63 million won

Rent 76% of median salary

8. Australia

Australian median monthly salary: 5.82 million won

Monthly rent for a studio in Australia: 3.39 million won (however, in Australia it is paid weekly)

Australian median salary pays 58% of monthly rent

9. Moscow, Russia

Russian lieutenant salary: 780,000 won

Moscow monthly rent: 1.2 million won

Median salary 154%

10. Shanghai, China

Median income in China: 360,000 to 910,000 won

Junggood Shanghai one-room monthly rent: KRW 960,000 to KRW 2.3 million

Approximately 300% of China’s median salary

11. Seoul, Korea

Median monthly salary after tax in Korea: 2.88 million won

Monthly rent in Seoul: 700,000 won

Monthly rent in Seoul is 24% of the median monthly salary in Korea.

From developed countries to developing countries,

This is why young people these days are making a fuss about monthly rent.

I gave up saving and buying a house and just pursued a YOLO lifestyle.

Reason for doing it.

The average monthly rent in the largest cities of major countries is about 50-100% of the median income.

as,

Korea is the cheapest

. Whether in absolute terms or relative to income.

Monthly rent in Moscow, Russia, which is only one-third to one-fourth of the monthly salary in Korea, is more expensive.

What level?