Monthly household income South Korea 2020-2024

Published by L. Yoon, Aug 20, 2024

In the first quarter of 2024, the average monthly income of South Korean households amounted to about 5.12 million South Korean won, up from about 5.02 million South Korean won in the same quarter of the previous year. Following the outbreak of the COVID-19 pandemic, household income dropped 0.7 percent year year-on-year in the second quarter of 2021, but recovered by the end of 2021.

Average monthly household income in South Korea from 1st quarter 2020 to 1st quarter 2024 (in million South Korean won)

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Release date

May 2024

Region

South Korea

Survey time period

Q1 2020 to Q1 2024

Supplementary notes

1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euros as of August 2024.

Figures have been rounded.

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