Vol. III · No. 47 · Q1 2026 EditionUpdated Weekly · ECB FX

WorthOf

A global ledger of salary, tax & the price of living

City Comparison · Updated May 2026

Seoul

South Korea

COL index 62.4

vs
Tokyo

Japan

COL index 72.4

Seoul vs Tokyo — Cost of Living, Salary & Tax Compared (2026)

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The verdict

Living in Seoul is 13.8% cheaper than Tokyo for the same lifestyle.

Based on Q1 2026 COL index and median single-person expenditure.

§ 01

Side-by-side stats

Better for cost
Better for salary
SeoulMetricTokyoΔ
62.4Cost of living index72.4+16.0%
€50,000Median gross salary€50,0000.0%
€42,770Net at €50,000 gross€43,154+0.9%
€1,580Rent — 1BR centre€1,780+12.7%
€2,278Monthly COL (single)€2,595+13.9%
€68,542PPP — net / COL€59,605-13.0%
14.5%Effective tax @ €50,00013.7%-5.3%
§ 02

Monthly expenses — paired

Seoul Tokyo
Rent — 1BR centre
Seoul
€1,580
Tokyo
€1,780
Groceries
Seoul
€348
Tokyo
€415
Utilities
Seoul
€188
Tokyo
€215
Transport
Seoul
€82
Tokyo
€95
Internet
Seoul
€38
Tokyo
€42
Gym
Seoul
€42
Tokyo
€48
§ 03

Salary equivalence

50,000 gross in South Korea = €3,564 net monthly.

To have the same purchasing power in Tokyo, you would need roughly €57,496 gross in Japan (≈ €4,135 net monthly, adjusted for cost-of-living index).

€50,000
Seoul
€42,770
Net annual · 14.5% effective
PPP-adjusted equivalent
€68,542
Tokyo
€43,154
Net annual · 13.7% effective
PPP-adjusted equivalent
€59,605
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§ 04

Pros & cons

Seoul
  • +Lower rent (€1,580 vs €1,780)
  • +Favourable tax rate (14.5%)
  • High rent-to-income ratio (44.3%)
Tokyo
  • +Favourable tax rate (13.7%)
  • High rent-to-income ratio (49.5%)
§ 05

The verdict

Across the data, Tokyo delivers a higher take-home on a €50,000 gross salary; Seoul carries a lower cost-of-living index; Tokyo has the lighter effective tax burden; Seoul wins on purchasing power after costs are netted out. If purchasing power is your north star, Seoul edges it.

§ 06

Frequently asked

Is Seoul cheaper than Tokyo?+

Seoul is cheaper. Cost-of-living index: Seoul 62.4, Tokyo 72.4 — a 13.8% difference (Q1 2026).

What is the cost of living difference between Seoul and Tokyo?+

Seoul sits at 62.4 on our COL index, Tokyo at 72.4. That works out to roughly 13.8% — Seoul being the cheaper of the two.

Is Seoul a good place to live compared to Tokyo?+

It depends on priorities. Seoul delivers €42,770 net on a €50,000 gross salary at a 14.5% effective tax rate. Tokyo delivers €43,154 at 13.7%. Centre 1-bed rent: €1,580 vs €1,780.

How do salaries compare in Seoul vs Tokyo?+

On a €50,000 gross salary, take-home is €42,770/year (€3,564/month) in Seoul and €43,154/year (€3,596/month) in Tokyo.

Which city has lower taxes, Seoul or Tokyo?+

Japan has the lower effective rate at €50,000: South Korea 14.5%, Japan 13.7%.

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