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  • Facts about average households in Seoul as of 2013

  • SMG 2738
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    Headed by a male working in an office; 48.2 years of age; graduated from a junior college; 2.7 household members; living in a jeonse apartment; monthly income: 3 – 3.5 million won.

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    •Source:Seoul Household Survey 2013 (for 20,000 household heads in Seoul).
    Note: The criteria for “Average household” are as follows.
    age, number of household members: average / gender, occupation, type of residence: mode / academic background, monthly income: median

    Representative valueCriteria
    Household
    head
    GenderMaleMode
    Age48.2years of ageMedian
    Academic
    background
    A junior college graduateMedium
    OccupationOffice workerMode
    Number of household members 2.7peopleMedium
    Monthly income 3 – 3.5 million Medium
    Type of residenceApartmentMode
    One’s own house or rented JeonseMode

    Source:Seoul Household Survey 2013 (for 20,000 household heads in Seoul).

    About half (47.9%) of the households in Seoul have debt mostly associated with the purchase or lease of the house (56.0%), followed by children’s education (16.8%), stock and real estate investment (10.1%), living expenses (10.1%).

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    Source:Seoul Household Survey 2013 (for 20,000 household heads in Seoul).
    Note: A total of 9,579 of the 20,000 respondents said that they have debt.

    Table 2 Factors associated with household debt (Unit: people or %).

    Factors associated with household debt Number of respondentsPercentage
    Purchase or lease of house 5,36556.0
    Children’s education 1,60516.8
    Stock and real estate investment 97210.1
    Living expenses 96910.1
    Medical expenses 6236.5
    Other460.5
    Total9,57910.0

    Source : http://www.si.re.kr/