Statement:
In South Korea the cost of living is lower than in Austria

In the Cost of Living rating South Korea holds position #43 2012 out of 90 and Austria is #21 out of 90 2012.
Position of South Korea is better than position of Austria.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both South Korea and Austria, compared to most countries of the World.

Referencies:

  1. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 64.11
    South Korea 'Cost of Living Index' value is 66.95
  2. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 74.87
    South Korea 'Cost of Living Index' value is 76.46
  3. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 71.78
    South Korea 'Cost of Living Index' value is 75.93
  4. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 72.15
    South Korea 'Cost of Living Index' value is 75.16
  5. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 72.31
    South Korea 'Cost of Living Index' value is 76.62
  6. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 78.98
    South Korea 'Cost of Living Index' value is 81.07
  7. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 71.79
    South Korea 'Cost of Living Index' value is 74.45
  8. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 68.14
    South Korea 'Cost of Living Index' value is 77.80
  9. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 87.66
    South Korea 'Cost of Living Index' value is 91.41
  10. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 97.88
    South Korea 'Cost of Living Index' value is 80.44
  11. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Austria 'Cost of Living Index' value is 94.84
    South Korea 'Cost of Living Index' value is 68.62