First of all, we need to know the PIR index. It is an index that represents the Price to Income ratio (PIR). If the PIR is 10 divided by the household income, the house price is 10 times the annual income. Now let’s calculate how long it will take to get a house. It is based on the average house price in Seoul, Gyeonggi-do, and Incheon. If you know the price of the house you want, please refer to the calculation process below and calculate it. * Average house price in Seoul in 23 years 4Q: 920 million won* Average house price in Gyeonggi-do in 23 years 4Q: 500 million won* Average house price in Incheon in 23 years 4Q: 400 million won1) For 30s, average annual salary: 48.57 million won Seoul: about 19 years (920 million won / 48.57 million won) Gyeonggi-do: 10 years Incheon: about 8 years Seoul: 58.52 million won For 40s: About 16 years (920 million / 58.52 million won) Gyeonggi-do: 8.5 years Incheon: About 6.8 years The data is the time it takes to get a house when you collect it without spending a penny from your income.The median income (median) is 48.88 million won. The top 25% have an annual salary of 70.15 million won and the bottom 25% have an annual salary of 33.49 million won. The following is an annual salary of 45-49 years old.PIR Index and How Long My Home Is SettlementThe average annual salary for 40 to 44 years old is 57.25 million won.Then, I will find out how long it will take to get my house in Seoul, Gyeonggi, and Incheon with the average annual salary of those in their 30s and 40s.Some of you may be disappointed by the calculation above and by income, but you don’t have to. Because it’s just for your information and it may vary depending on many variables. Variable 1: If you are an office worker, your income can continue to increase. If your income increases, you can reduce the time required to buy a house. Variable 2: The average annual salary does not include additional income. If you have dividend income, financial income, rental income, or other additional income, you can also reduce the time required. Variable 3: The house price also fluctuates. Variable 4: Even if you take out a loan and get a house, you can reduce the time required. There are numerous variables such as apartment and housing availability, detailed region-specific, and economic fluctuations, so the above calculation can be used only as a rough reference. This has been Wisein, who guides you through realistic and proven experiences and ways to a happy retirement through smart investment techniques. ~~[Good to look at together] Total acquisition tax for apartment sales, calculation method (including revision 2024) Real estate tax, apartment property tax, and calculation method (including revision 2024) What is the average household asset, debt, and income in 2023? (Total by age group and region) How to study investment and why you should continue to do itthe average annual salary in one’s fortiesFirst, the average annual salary for 30 to 34 years old is 44.58 million won.Today, we’ll learn about the average annual salary for people in their 30s and 40s in 2023, and we’ll find out through various statistics on how many years we can save on our average annual salary will help us get a house.The PIR index, it may be very different from the actual one.The average annual salary is 59.78 million won and the median income is 48.51 million won. The top 25% of them have an annual salary of 75.46 million won and the bottom 25% have an annual salary of 31.09 million won. In total, the average annual salary for all people in their 40s is about 58.52 million won.The median income is 39.17 million won. The top 25% have an annual salary of 52.18 million won and the bottom 25% have an annual salary of 30.64 million won. The following is an annual salary of 35-39 years old.The average annual salary is 52.56 million won and the median income is 45.55 million won. The top 25% of them have an annual salary of 62.67 million won and the bottom 25% are 33.33 million won. In total, the average annual salary for all people in their 30s is about 48.57 million won.First, let’s look at the average annual salary for those in their 30s. For reference, it is based on statistical data from the Korea Labor Institute and analyzed, and the wage level is an estimate based on 2023. Average annual salary for those in their 30s
