. Separate statistics for London, England due to Brexit.
20. Cologne, Germany: 2.12 million won (39% of Germany’s median monthly salary before taxes of 5.48 million won,
58% of Germany’s median monthly salary after taxes of 3.64 million won
)
19. Madrid, Spain: 2.25 million won (80% of Spain’s median monthly salary before tax of 2.8 million won,
99% of Spain’s median monthly salary after tax of 2.28 million won
18. Barcelona, Spain: 2.25 million won (80% of Spain’s median monthly salary before tax of 2.8 million won,
17. Frankfurt, Germany: 2.25 million won (41% of Germany’s median monthly salary before taxes of 5.48 million won,
62% of Germany’s median monthly salary after taxes of 3.64 million won
16. Berlin, Germany: 2.25 million won (41% of Germany’s median monthly salary before taxes of 5.48 million won,
15. Stuttgart, Germany: 2.33 million won (43% of Germany’s median monthly salary before taxes of 5.48 million won,
64% of Germany’s median monthly salary after taxes of 3.64 million won
14. Prague, Czech Republic: 2.4 million won (111% of Czech median monthly salary before taxes of 2.18 million won,
120% of Czech median monthly salary of 1.81 million won after taxes
13. Florence, Italy: 2.4 million won (75% of Italy’s median monthly salary before taxes of 3.2 million won,
Italy
93% of the median monthly salary after tax of 2.24 million won
12. Bologna, Italy: 2.4 million won (75% of Italy’s median monthly salary before tax of 3.2 million won,
93% of Italy’s median monthly salary of 2.24 million won after taxes
11. Hamburg, Germany: 2.48 million won (45% of Germany’s median monthly salary before taxes of 5.48 million won,
68% of Germany’s median monthly salary after taxes of 3.64 million won
10. Milan, Italy: 2.56 million won (80% of Italy’s median monthly salary before tax of 3.2 million won,
114% of Italy’s median monthly salary of 2.24 million won after taxes
9. Lisbon, Portugal: 2.56 million won (146% of Portugal’s median monthly salary before taxes of 1.75 million won,
201% of Portugal’s median monthly salary after taxes of 1.27 million won
8. Utrecht, Netherlands: 2.63 million won (54% of the Dutch median monthly salary before tax of 4.9 million won,
64% of the Dutch median monthly salary after tax of 4.08 million won
7. Munich, Germany: 2.66 million won (49% of Germany’s median monthly salary before taxes of 5.48 million won,
73% of Germany’s median monthly salary after taxes of 3.64 million won
6. The Hague, Netherlands: 2.69 million won (55% of the Dutch median monthly salary before tax of 4.9 million won,
66% of the Dutch median monthly salary after tax of 4.08 million won
5. Rotterdam, Netherlands: 2.7 million won (55% of the Dutch median monthly salary before tax of 4.9 million won,
4. Paris, France: 2.8 million won (69% of the French median monthly salary before taxes of 4.07 million won,
92% of France’s median monthly salary after taxes of 3.05 million won
3. Rome, Italy: 3.01 million won (94% of Italy’s median monthly salary before tax of 3.2 million won,
134% of Italy’s median monthly salary of 2.24 million won after taxes
2. Amsterdam, Netherlands: 3.42 million won (70% of the Dutch median monthly salary before tax of 4.9 million won,
84% of the Dutch median monthly salary after tax of 4.08 million won
1. London, UK: KRW 4.86 million (93% of the UK median monthly salary before tax of KRW 5.25 million,
113% of the UK median monthly salary after tax of 4.31 million won
on average
To live in a 9-15 pyeong apartment in a large European city, the cost is in the 2-3 million won range, and 60-110% of the median income after tax goes towards monthly rent.
. In fact, it is a tax + monthly rent combo.
Savings are almost impossible.