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Average monthly household income in South Korea from 1st quarter 2020 to 4th quarter 2024 (in million South Korean won)

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Sources

Release date

February 2025

Region

South Korea

Survey time period

Q1 2020 to Q4 2024

Supplementary notes

1,000 South Korean won equals 0.73 U.S. dollars or 0.64 euros as of June 2025.

Figures have been rounded.

Citation formats

Monthly household income South Korea Q1 2020-Q4 2024

Published by Zeynep Dierks, Jun 25, 2025

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.

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