Half of Newlywed Couples in Gwangju Are Homeless... Marriage Rate Also Declining Trend

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The homeownership rate among young households in the Gwangju area was found to be 31.3%.

According to the Gwangju Metropolitan City Youth Statistics from the Honam Regional Statistics Office on the 22nd, as of last year, the number of young households (aged 19-39) owning homes was 46,624, with a homeownership rate of 31.3% compared to general households.

Individually, the total number of young homeowners was 58,722, accounting for 14.0% of the total 419,407 homeowners.

Among young newlywed couples, as of 2019, 49.4% were without homes, while 50.6% owned homes.

The housing asset value of these couples was most commonly between 150 million to 300 million KRW, accounting for 43.1%, followed by 60 million to 150 million KRW at 38.9%, and 300 million to 600 million KRW at 11.5%.

The youth marriage rate (number of marriages per 1,000 people) was 20.6 for husbands and 23.6 for wives, showing a decrease of 10.4 and 9.8 respectively compared to ten years ago.

As of last year, the youth population was 414,088, accounting for 28.6% of the total population of 1,450,620.

Among them, 249,000 were employed, with an employment rate of 59.9%, and 19,000 were unemployed, resulting in an unemployment rate of 7.1%.

This content was produced with the assistance of AI translation services.