What is the average salary in North Korea ? A lot of people asked me this question every day. I decided to find out what the average salary is in North Korea , and I am ready to share the answer with you. Take a look below.
When it comes to the world of finance, it is imperative for you to keep up to date with all the latest news. This is what can lead to success in your career. With this being said, a lot of people are curious about how much their North Korean peers make on average. This article also discusses minimum wage in north korea, cost of living in north korea.
Average salary in north korea
The North Korean salary structure is heavily centered on one principle: the more work you do, the more you earn. But despite the interesting wage scheme, salaries are relatively high compared to other countries. The average salary in North Korea is nearly twice as high as South Korea’s on a nominal basis, but much lower when it’s adjusted for affordability.
I think one of the interesting things I found in this data was that there was not much fluctuation in the average salary of North Korea. It seems pretty much on par with South Korea who is making $50k less annually. Although I guess it goes without saying that the wage difference is pretty great.
To sum up, if you are looking for a time-consuming and unconventional way to earn extra cash, teaching English abroad is probably your best bet. Though the idea of teaching in North Korea might appear bizarre to most people, in fact it is not that different from what you would find elsewhere in Asia. You may be required to commit yourself fully to the job, but it could be well worth the experience.
You can make a simple comparison of what a designer or developer is paid in various areas around the world, though the most significant cost is to do with living expenses.
A career in the arts or entertainment can be lucrative, but there is a difference between the average prima ballerina and the average dancer. Sorry, you probably guessed it, but the average salary for a dancer is about $1500 more per year than for an artist or performer. These are just some of our findings from analyzing over 1700 careers from Indeed.com .
I selected this topic as it is one that I had a genuine curiosity about and did not see an article/press release about it. Hence, as a future journalist and avid follower of world news, this is something I have an interest in reading about. The emphasis on the implications of the information discovered, rather than the information itself add substantial weight to the piece as I feel this brings the most value to the reader.
A person working in Korea (North) typically earns around 194,000 KPW per month. Salaries range from 49,100 KPW (lowest average) to 867,000 KPW (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers.
The median, the maximum, the minimum, and the range
Salary Range
Salaries in Korea (North) range from 49,100 KPW per month (minimum salary) to 867,000 KPW per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 194,000 KPW per month, which means that half (50%) of the population are earning less than 194,000 KPW while the other half are earning more than 194,000 KPW. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 109,000 KPW while 75% of them are earning more than 109,000 KPW. Also from the diagram, 75% of the population are earning less than 530,000 KPW while 25% are earning more than 530,000 KPW.
minimum wage in north korea
North Korea’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
North Korea averages 5,000 – 10,000 North Korean won ($5.5 – $11.1) per day. North Korea’s minimum wage was last changed in 1-Jan-2014.
cost of living in north korea
| Cost of living | One person | Family of 4 |
|---|---|---|
| 💰 Total with rent | $1554 | $3778 |
| 🛋️ Without rent | $673 | $1875 |
| 🏨 Rent & Utilities | $881 | $1903 |
| 🍽️ Food | $493 | $1307 |
| 🚐 Transport | $126 | $331 |
| 💳 Monthly salary after tax | $342 | |
| 💸 GDP per capita | $1700 | |
| 😃 Human freedom index | 1.4 | |
| ❤️ Life expectancy | 72.5 | |
| 🌐 English speaking % | 0% | |
| 🏙️ Population | 25.5M |
The cost of living in North Korea is $1554, which is 1.67 times more expensive than the world average. North Korea ranked 23rd out of 197 countries by cost of living and the 193rd best country to live in.
The average salary after taxes in North Korea is $342, which is enough to cover living expenses for 0.2 months.
Why living in North Korea costs 4.5 times more than the average salary? Because we have a developed country lifestyle as a reference and in some least developed countries maintaining such a standard of living is hard and expensive. Thus, living costs in North Korea for locals and expats differ significantly.
Prices in North Korea
We calculate prices for North Korea as a population-weighted mean of 24 cities. Since large cities tend to have a higher cost of living, it’s better to visit specific city pages below for more relevant information.
Tell us about the city you live in
Crowdsourced data is a vital part of the Internet, help us become better!Contribute data
| 🍱 Lunch Menu | $9.11 |
|---|---|
| 🥂 Dinner in a Restaurant, for 2 | $112 |
| 🥪 Fast food meal, equiv. McDonald’s | $5.06 |
| 🍻 Beer in a Pub, 0.5 L or 16 fl oz | $1.66 |
| ☕ Cappuccino | $1.67 |
| 🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz | $0.6 |
| 🏙️ 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | $794 |
|---|---|
| 🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | $726 |
| 🏙️ 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | $2790 |
| 🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | $1447 |
| 🔌 Utility Bill one person, electricity, heating, water, etc. | $84.2 |
| 🔌 Utility Bill for a Family, electricity, heating, water, etc. | $130 |
| 🌐 Internet plan, 50 Mbps+ 1 month unlimited | $56.9 |
| 🏦 Mortgage Interest Rate for 20 Years | 11.79% |
| 🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2 | $1235 |
| 🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2 | $723 |
| 🚌 Local transport ticket | $0.41 |
|---|---|
| 🎟️ Monthly ticket local transport | $71.9 |
| 🚕 Taxi Ride, 8 km or 5 mi | $19.6 |
| ⛽ Gas / Petrol, 1 L or 0.26 gal | $0.87 |
| 🥛 Milk, 1 L or 1 qt | $2.31 |
|---|---|
| 🍞 Bread, 0.5 kg or 1.1 lb | $2.4 |
| 🍚 Rice, 1 kg or 2.2 lb | $2.64 |
| 🥚 Eggs, x12 | $2.52 |
| 🧀 Cheese, 1 kg or 2.2 lb | $8.57 |
| 🐔 Chicken Breast, 1 kg or 2.2 lb | $18.2 |
| 🥩 Round Steak, 1 kg or 2.2 lb | $6.35 |
| 🍏 Apples, 1 kg or 2.2 lb | $3.09 |
| 🍌 Banana, 1 kg or 2.2 lb | $1.09 |
| 🍊 Oranges, 1 kg or 2.2 lb | $1.31 |
| 🍅 Tomato, 1 kg or 2.2 lb | $6.81 |
| 🥔 Potato, 1 kg or 2.2 lb | $3.05 |
| 🧅 Onion, 1 kg or 2.2 lb | $0.89 |
| 🌊 Water, 1 L or 1 qt | $0.35 |
| 🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz | $2.21 |
| 🍾 Wine (mid-priced), 750 mL bottle | $6.37 |
| 🍺 Beer, 0.5 L or 16 fl oz | $2.74 |
| 🚬 Cigarette pack | $2.44 |
| 💊 Cold medicince, 1 week | $3.32 |
| 🧴 Hair Shampoo | $2.9 |
| 🧻 Toilet paper, 4 rolls | $1.46 |
| 👄 Toothpaste, 1 tube | $4.28 |
| 🏋️ Gym Membership, 1 month | $23.2 |
|---|---|
| 🎫 Cinema Ticket, 1 person | $4.05 |
| 👩⚕️ Doctor’s visit | $20.2 |
| 💇 Haircut, simple | $4.21 |
| 👖 Brand Jeans | $30.8 |
| 👟 Brand Sneakers | $61.1 |
| 👶 Daycare or Preschool, 1 month | $111 |
| 🏫 International Primary School, 1 year | $3454 |
