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.
Price to Income Ratio is a metric that compares house prices to household income, used to assess housing affordability.
| Rank | Name | Indicator |
|---|---|---|
1 |  Hong Kong | 50.37 |
2 |  Singapore | 38.57 |
3 |  Israel | 22.18 |
4 |  South Korea | 19.90 |
5 |  Taiwan | 19.65 |
6 |  Qatar | 15.96 |
7 |  China | 11.38 |
8 |  Japan | 9.70 |
9 |  Cyprus | 8.81 |
10 |  Kuwait | 7.15 |
11 |  United Arab Emirates | 6.63 |
12 |  Thailand | 6.06 |
13 |  Kazakhstan | 4.50 |
14 |  Armenia | 4.27 |
15 |  Iran | 3.48 |
16 |  Malaysia | 3.31 |
17 |  Philippines | 3.26 |
18 |  Azerbaijan | 3.22 |
19 |  Vietnam | 3.21 |
20 |  Saudi Arabia | 3.09 |