Average monthly spending of millionaires South Korea 2019

Published by L. Yoon, Apr 24, 2024
In 2019, the share of millionaires in South Korea who spent over ten million South Korean won per month on living expenses was around 48 percent. The average monthly expenditure of South Korean millionaires on living expenses such as housing, education, restaurant visits, hobbies, etc. was about 10.4 million South Korean won that year.

Average monthly expenditure of millionaires in South Korea in 2019 (in million South Korean won)

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Release date

September 2019

Region

South Korea

Survey time period

May 4 to June 4, 2019

Number of respondents

400 millionaires*

Age group

20 years and older

Method of interview

Face-to-face interview

Supplementary notes

Millionaires are defined here as individuals who have financial assets of one billion South Korean won or more.

1,000 South Korean won equals 0.83 U.S. dollars or 0.74 euros as of March 2022.

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