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  • Facts about average households in Seoul as of 2013

  • SMG 2865

    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 value Criteria
    Household
    head
    Gender Male Mode
    Age 48.2years of age Median
    Academic
    background
    A junior college graduate Medium
    Occupation Office worker Mode
    Number of household members 2.7people Medium
    Monthly income 3 – 3.5 million Medium
    Type of residence Apartment Mode
    One’s own house or rented Jeonse Mode

    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 respondents Percentage
    Purchase or lease of house 5,365 56.0
    Children’s education 1,605 16.8
    Stock and real estate investment 972 10.1
    Living expenses 969 10.1
    Medical expenses 623 6.5
    Other 46 0.5
    Total 9,579 10.0

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