Government budget and revenue in Incheon, South Korea: official figures
Local taxes collected in Incheon came to 5.91 trillion won in 2023 (settled accounts), 5th highest of 17. This covers the local taxes of the provincial or metropolitan government and of the cities, counties and districts inside it.
How much local tax does each person pay in Incheon?
Local tax per resident in Incheon was 1,970,200 won in 2023, 5th lowest of 17 (national: 2,224,420 won).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow much local tax does each household pay in Incheon?
Local tax per household in Incheon was 4,371,490 won in 2023, 8th highest of 17 (national: 4,773,980 won).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow financially independent is Incheon?
The fiscal independence ratio of Incheon, the share of its general account budget covered by its own revenue (local taxes and other own income) rather than central government transfers, was 49.1% in 2023 on a settled-accounts basis, 4th highest of 17 (national average: 40.1%).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow Incheon compares with other metropolitan cities
Fiscal independence ratio (2023)
Incheon ranks 4 of 17, highest first. Share of the budget raised from own revenue. Settled-accounts basis, as published by the Ministry of the Interior and Safety.
| Rank | Region | Fiscal independence ratio |
|---|---|---|
| 1 | Ulsan | 127.0% |
| 2 | Seoul | 64.1% |
| 3 | Gyeonggi Province | 53.1% |
| 4 | Incheon | 49.1% |
| 5 | Sejong | 47.6% |
| 6 | Busan | 46.0% |
| 7 | Daegu | 42.5% |
Local tax per resident (won) (2023)
Incheon ranks 13 of 17, highest first.
| Rank | Region | Local tax per resident (won) |
|---|---|---|
| 10 | Sejong | 2,008,740 won |
| 11 | Busan | 1,995,940 won |
| 12 | South Gyeongsang Province | 1,976,660 won |
| 13 | Incheon | 1,970,200 won |
| 14 | Jeonbuk State | 1,880,480 won |
| 15 | Daegu | 1,779,870 won |
| 16 | Gwangju | 1,720,790 won |
More on Incheon: overview · economy and jobs · health · education and schools · poverty and living standards · South Korea
Sources
- Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics): Korea City Statistics: local tax per person and fiscal independence ratio, with resident registration population and households, 2023 (table DT_110001_A012), read 23 October 2026 · saved copy (SHA-256 0ed0a4bf00d3…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.