South Korea Rent
Check if a rental price fits your budget and see the share of income it uses in South Korea.
About South Korea Rent
Compares a South Korea rental price against the classic 30% (or custom) rent-to-income rule, plus the maximum rent that rule allows at your income. Many landlords screen on gross income instead of take-home.
Formula
Ratio
Ratio = rent ÷ income
Worked example
With the default values below, South Korea Rent returns Rent as % of Income of 32.1%. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Monthly rentminimum 0
- 1,800
- Monthly take-home incomeminimum 0
- 5,600
- Allocation ruleone of 30% rule, 40% rule
- 30% rule
Results
- Rent as % of Income
- 32.1%
- Affordable Rent at Rule
- ₩1,680.00
- Budget Verdict
- Rent is above the selected 30% rule.
Step by step
- 1Values used
- 2Ratio
- 3Rent as % of Income= 32.1
- 4Affordable Rent at Rule= 1,680.00
- 5Budget Verdict= Rent is above the selected 30% rule.
Assumptions and limits
- The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, tax or fees or charges into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Budget guidance only.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Budget guidance only.
Frequently Asked Questions
Is 30% still the right rule?
Rents have risen; some households must allow 40–50%, especially in high-cost metros, but the 30% guide is a good starting check.
How accurate is this estimate?
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.
Related Calculators
South Korea specifics
- Currency
- ₩ KRWSouth Korean Won
- Region
- Asia
- Country code
- KR
- Amounts look like
- ₩1,234,568
- Dates look like
- Mar 9, 2026
- Units
- metricWeek starts Sunday
In South Korea, KRW has no minor unit, so amounts are whole numbers.
Results on this page are expressed in KRW (South Korean Won). Figures are estimates for general planning — confirm current rates and thresholds with the relevant South Korea authority before relying on them.