How Many Years of Work in Korea to Buy a House in Asia? 2009-2024

This chart shows the number of years needed to work in Korea to buy a house in various Asian countries. The estimated house prices for each country were calculated by multiplying the Price to Income Ratio from NUMBEO by each country's GDP per capita. Then, these estimated house prices were divided by Korea's GDP to determine the approximate number of years needed. This calculation does not take into account living expenses, taxes, etc.

How Many Years of Work in Korea to Buy a House in Asia? 2009-2024

This chart shows the number of years needed to work in Korea to buy a house in various Asian countries.

Change Chart

    Price to Income Ratio is a metric that compares house prices to household income, used to assess housing affordability.

    RankNameIndicator
    1
    Hong Kong
    50.37 yrs
    2
    Singapore
    38.57 yrs
    3
    Israel
    22.18 yrs
    4
    South Korea
    19.90 yrs
    5
    Taiwan
    19.65 yrs
    6
    Qatar
    15.96 yrs
    7
    China
    11.38 yrs
    8
    Japan
    9.70 yrs
    9
    Cyprus
    8.81 yrs
    10
    Kuwait
    7.15 yrs
    11
    United Arab Emirates
    6.63 yrs
    12
    Thailand
    6.06 yrs
    13
    Kazakhstan
    4.50 yrs
    14
    Armenia
    4.27 yrs
    15
    Iran
    3.48 yrs
    16
    Malaysia
    3.31 yrs
    17
    Philippines
    3.26 yrs
    18
    Azerbaijan
    3.22 yrs
    19
    Vietnam
    3.21 yrs
    20
    Saudi Arabia
    3.09 yrs