Taxi Driver: Iceland vs South Korea
Side-by-side salary comparison ยท Estimated based on OECD & BLS data
๐ฎ๐ธ Iceland pays 62% more
Iceland
ISK
Estimated Salary (USD)
$40,711
per year
Local Currency (ISK)
kr5,618,118
per year
PPP Adjusted
$41,756
purchasing power
Big Mac Power
6,312
burgers / year
Global Percentile
Top 2%
South Korea
KRW
Estimated Salary (USD)
$25,061
per year
Local Currency (KRW)
โฉ33,080,520
per year
PPP Adjusted
$53,151
purchasing power
Big Mac Power
5,094
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- โ
Taxi Drivers in Iceland earn 62% more than in South Korea (nominal USD).
- โ
After adjusting for purchasing power (PPP), South Korea actually leads by 27%.
- โ
Using the Big Mac Index, a Taxi Driver's salary buys 1.2x more Big Macs in Iceland.
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Frequently Asked Questions
Who pays Taxi Drivers more: Iceland or South Korea?โพ
Iceland pays Taxi Drivers an estimated $40,711 USD per year, which is 62% more than South Korea's estimated $25,061 USD.
What is the PPP-adjusted salary for a Taxi Driver in Iceland vs South Korea?โพ
The PPP-adjusted salary is $41,756 USD in Iceland and $53,151 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Taxi Drivers?โพ
Using the Big Mac Index, a Taxi Driver in Iceland can buy about 6,312 Big Macs per year, while in South Korea it's about 5,094 Big Macs.
Estimated based on OECD & BLS data. Actual salaries vary by experience, company, and region. Data is for informational purposes only.
Sources: BLS OEWS ยท OECD ยท World Bank ยท Big Mac Index