Key information about South Korea Household Income per Capita

• South Korea Annual Household Income per Capita reached 19,208.928 USD in Dec 2024, compared with the previous value of 19,230.954 USD in Dec 2023.
• South Korea Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2024, with an averaged value of 14,027.328 USD.
• The data reached an all-time high of 19,230.954 USD in Dec 2023 and a record low of 7,685.194 USD in Dec 2003.
• In the latest reports, Retail Sales of South Korea grew 3.324 % YoY in Oct 2025.

CEIC calculates Annual Household Income per Capita from quarterly Monthly Household Income multiplied by 3 and quarterly Average Household Size and converts it into USD. Statistics Korea provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income excludes single person and farm households. Household Income per Capita prior to 2019 is based on old methodology.

In 2023, the median household disposable income in South Korea amounted to around ***** million South Korean won, showing a steady increase over the past few years. The median disposable income of South Korean households has steadily increased over the past few years.

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

Korea HS: AS: 4 Quintile: Average Age of Household Head data was reported at 47.610 Year in Sep 2018. This records an increase from the previous number of 47.230 Year for Jun 2018. Korea HS: AS: 4 Quintile: Average Age of Household Head data is updated quarterly, averaging 43.830 Year from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 47.610 Year in Sep 2018 and a record low of 40.210 Year in Mar 2003. Korea HS: AS: 4 Quintile: Average Age of Household Head data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H062: Household Income and Expenditure Survey (HS): by Income Quintile: All Salary and Wage Earner.

Korea HS: AS: 1 Quintile: Income: data was reported at 2,011,483.000 KRW in Sep 2018. This records an increase from the previous number of 1,994,563.000 KRW for Jun 2018. Korea HS: AS: 1 Quintile: Income: data is updated quarterly, averaging 1,602,608.000 KRW from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 2,021,229.000 KRW in Mar 2015 and a record low of 1,102,397.000 KRW in Jun 2003. Korea HS: AS: 1 Quintile: Income: data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H062: Household Income and Expenditure Survey (HS): by Income Quintile: All Salary and Wage Earner.

In the fourth quarter of 2024, the wealthiest ** percent of households in South Korea reported a monthly income of approximately ***** million South Korean won. The wealthiest earned over ten times more than the poorest in South Korea per month.

HS: AS: 4 Quintile: Average Monthly Expenditure (AME) data was reported at 4,464,906.000 KRW in 2017. HS: AS: 4 Quintile: Average Monthly Expenditure (AME) data is updated yearly, averaging 4,464,906.000 KRW from Dec 2017 (Median) to 2017, with 1 observations. HS: AS: 4 Quintile: Average Monthly Expenditure (AME) data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H062: Household Income and Expenditure Survey (HS): by Income Quintile: All Salary and Wage Earner.

Korea HS: UH: 3 Quintile: Average Age of Household Head data was reported at 49.230 Year in Mar 2018. This records an increase from the previous number of 48.110 Year for Dec 2017. Korea HS: UH: 3 Quintile: Average Age of Household Head data is updated quarterly, averaging 43.430 Year from Mar 1990 (Median) to Mar 2018, with 113 observations. The data reached an all-time high of 49.230 Year in Mar 2018 and a record low of 37.250 Year in Sep 1990. Korea HS: UH: 3 Quintile: Average Age of Household Head data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H061: Household Income and Expenditure Survey (HS): by Income Quintile: Urban Household.

In 2024, the average income of farm households in South Korea amounted to around **** million South Korean won. It was a slight decrease compared to the previous year.

South Korea HS: UW: 2 Quintile: Average Age of Household Head data was reported at 43.930 Year in 2017. South Korea HS: UW: 2 Quintile: Average Age of Household Head data is updated yearly, averaging 43.930 Year from Dec 2017 (Median) to 2017, with 1 observations. South Korea HS: UW: 2 Quintile: Average Age of Household Head data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H063: Household Income and Expenditure Survey (HS): by Income Quintile: Urban Salary and Wage Earner.

In 2024, the average income of livestock farm households was about **** million South Korean won, the largest among other farm households in South Korea. On average, South Korean farm households earned around **** million won that year.

According to a survey conducted in South Korea in 2024, households with a monthly income of six million South Korean won or more spent around ******* won monthly to eat out together. It further showed that the higher the household income, the more was spent on eating out together on average. Overall, the total average of monthly household spending on dining out that year stood at about ******* won.

South Korea HS: UW: 4 Quintile: Average Age of Household Head data was reported at 46.090 Year in 2017. South Korea HS: UW: 4 Quintile: Average Age of Household Head data is updated yearly, averaging 46.090 Year from Dec 2017 (Median) to 2017, with 1 observations. South Korea HS: UW: 4 Quintile: Average Age of Household Head data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H063: Household Income and Expenditure Survey (HS): by Income Quintile: Urban Salary and Wage Earner.

According to a survey conducted in South Korea in 2024, households with a monthly income of *********** South Korean won and more spent an average of around ***** thousand South Korean won per purchase in a grocery store. Lower monthly income correlated with lower average spending on groceries per purchase.

South Korea HS: AS: 1 Quintile: Average Monthly Expenditure (AME) data was reported at 1,787,205.000 KRW in 2017. South Korea HS: AS: 1 Quintile: Average Monthly Expenditure (AME) data is updated yearly, averaging 1,787,205.000 KRW from Dec 2017 (Median) to 2017, with 1 observations. South Korea HS: AS: 1 Quintile: Average Monthly Expenditure (AME) data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H062: Household Income and Expenditure Survey (HS): by Income Quintile: All Salary and Wage Earner.

According to a survey conducted in South Korea in 2024, households with a total income of six million South Korean won or more spent the most when ordering food delivery, with an average of around ****** South Korean won per instance. Spending generally decreased by household income. Overall, the total average amount spent on delivery food stood at about ****** won that year.

In 2024, the average income of vegetable farms in South Korea amounted to around **** million South Korean won. That year, the average income of farm households in the country was about **** million South Korean won.

South Korea HS: UW: 5 Quintile: Average Monthly Expenditure (AME) data was reported at 6,651,179.000 KRW in 2017. South Korea HS: UW: 5 Quintile: Average Monthly Expenditure (AME) data is updated yearly, averaging 6,651,179.000 KRW from Dec 2017 (Median) to 2017, with 1 observations. South Korea HS: UW: 5 Quintile: Average Monthly Expenditure (AME) data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H063: Household Income and Expenditure Survey (HS): by Income Quintile: Urban Salary and Wage Earner.

In 2024, households in South Korea with a monthly income of eight million South Korean won or more spent an average of ******* won per month on their child's private education. The average monthly expenditure per student in South Korea for private education was approximately ******* won that year.

According to a survey conducted in South Korea in 2024, spending on takeout or food delivery hardly differed by household income. Those with household incomes between five million and six million South Korean won had the highest average per instance, at around ****** won. Other income brackets reported similar figures. The total average expenditure that year amounted to about ****** won per instance.