Cost of Living in Taipei

Summary about cost of living in Taipei, Taiwan:

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 120.00 NT$ 80.00-200.00
Meal for 2 People, Mid-range Restaurant, Three-course 800.00 NT$ 500.00-1,800.00
McMeal at McDonalds (or Equivalent Combo Meal) 135.00 NT$ 127.00-150.00
Domestic Beer (1 pint draught) 59.00 NT$ 39.00-171.33
Imported Beer (12 oz small bottle) 80.00 NT$ 50.00-200.00
Cappuccino (regular) 97.85 NT$ 50.00-150.00
Coke/Pepsi (12 oz small bottle) 27.86 NT$ 20.00-39.00
Water (12 oz small bottle) 21.24 NT$ 15.00-30.00
Markets
[ Edit ]
Milk (regular), (1 gallon) 360.63 NT$ 302.83-454.25
Loaf of Fresh White Bread (1 lb) 50.61 NT$ 36.29-90.72
Rice (white), (1 lb) 46.48 NT$ 22.68-90.72
Eggs (regular) (12) 74.19 NT$ 42.00-108.00
Local Cheese (1 lb) 296.14 NT$ 90.72-589.67
Chicken Fillets (1 lb) 129.87 NT$ 63.50-408.23
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 256.28 NT$ 113.40-453.59
Apples (1 lb) 63.50 NT$ 27.22-136.08
Banana (1 lb) 29.43 NT$ 11.34-63.50
Oranges (1 lb) 33.54 NT$ 13.61-68.04
Tomato (1 lb) 37.16 NT$ 22.68-63.50
Potato (1 lb) 33.62 NT$ 13.61-68.04
Onion (1 lb) 27.67 NT$ 13.61-68.04
Lettuce (1 head) 49.79 NT$ 23.00-100.00
Water (1.5 liter bottle) 37.24 NT$ 20.00-60.00
Bottle of Wine (Mid-Range) 450.00 NT$ 250.00-900.00
Domestic Beer (0.5 liter bottle) 50.35 NT$ 35.00-75.00
Imported Beer (12 oz small bottle) 69.95 NT$ 45.00-100.00
Cigarettes 20 Pack (Marlboro) 120.00 NT$ 110.00-150.00
Transportation
[ Edit ]
One-way Ticket (Local Transport) 20.00 NT$ 20.00-30.00
Monthly Pass (Regular Price) 1,280.00 NT$ 1,280.00-1,299.00
Taxi Start (Normal Tariff) 70.00 NT$ 70.00-90.00
Taxi 1 mile (Normal Tariff) 40.23 NT$ 32.19-80.47
Taxi 1hour Waiting (Normal Tariff) 250.00 NT$ 200.00-300.00
Gasoline (1 gallon) 107.34 NT$ 75.71-132.49
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 900,000.00 NT$ 898,000.00-1,000,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 718,000.00 NT$ 698,000.00-800,000.00
Utilities (Monthly)
[ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 2,490.03 NT$ 1,530.00-4,250.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 5.05 NT$ 1.00-6.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 619.80 NT$ 499.00-999.00
Sports And Leisure
[ Edit ]
Fitness Club, Monthly Fee for 1 Adult 1,324.54 NT$ 950.00-2,000.00
Tennis Court Rent (1 Hour on Weekend) 393.67 NT$ 200.00-600.00
Cinema, International Release, 1 Seat 300.00 NT$ 250.00-350.00
Childcare
[ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 17,035.71 NT$ 10,000.00-30,000.00
International Primary School, Yearly for 1 Child 457,779.78 NT$ 200,000.00-800,000.00
Clothing And Shoes
[ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 2,491.60 NT$ 1,200.00-3,500.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 992.82 NT$ 500.00-1,500.00
1 Pair of Nike Running Shoes (Mid-Range) 2,826.47 NT$ 2,000.00-3,600.00
1 Pair of Men Leather Business Shoes 3,496.30 NT$ 2,400.00-6,000.00
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 18,533.33 NT$ 12,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 12,269.23 NT$ 8,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 45,878.79 NT$ 32,000.00-70,000.00
Apartment (3 bedrooms) Outside of Centre 27,844.83 NT$ 20,000.00-40,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 33,756.89 NT$ 23,225.57-74,321.81
Price per Square Feet to Buy Apartment Outside of Centre 20,080.10 NT$ 12,634.71-46,451.13
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 45,834.63 NT$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.78 1.05-3.00

Prices in Taipei

This city had 2191 entries in the past 12 months by 252 different contributors.
Last update: December 2020
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100 Comments so far
Anonymous on Nov 29, 2020:
Humm so many ccp members trying to push their narratives upon Tsia through this site.
Anonymous on Sep 25, 2020:
The unmarried, childless, mentally retarded witch Tsai, the current president of Taiwan should be forced to live on the minimum wage for a month and to take a public bus instead of taxi for daily activities.

Then the witch Tsai might understand the hardship of Taiwanese who are suffering due to the very inhumane policies imposed by her that resulting not being provided of the essential plastic bag for food purchase in the super market as well as being unreasonably and outrageously charged of additional consumer tax for each individual bamboo chopstick, paper box, plastic spoon of takeaway food.

Tsai and her blood line shall not rest in peace forever as long as Taiwanese are suffering due to the aforementioned inhumane policies imposed by her so before it's too late Tsai must abolish the aforementioned inhumane policies imposed by her immediately so as not to harm Taiwanese anymore.
Anonymous on Aug 30, 2020:
Though the traitor Tsai is the president of ROC government in Taiwan, this traitor has no whatsoever respect and loyalty to the ROC Constitution and the traitor's intention is clearly to destroy the ROC government sooner or later so as to announce Taiwan as an independent country.

Traitor Tsai is the main reason why Taiwan might be attacked very soon by China or else no war is expected for Taiwan for the next 100 years.

Trump is out at the end of this year and China is coming for revenge only upon the most hateful traitor Tsai and roast the traitor Tsai alive until her death to appease its anger.

Butchering of the Traitor Tsai by China is not important for all Taiwanese but people in Taiwan should not suffer for the sake of the wicked, moron traitor Tsai which is nothing more than a dog in Taiwanese's eye as the traitor Tsai is making the people's life harder by forcing to pay inhumane tax for each and individual chopstick, spoon, box of takeaway food unlike never seen in human history and the fare of city bus was also raised double under her administration, etc.
The traitor Tsai shall surely go to hell for causing suffering and unnecessary pressure and burden to all Taiwanese unlike never seen before during her administration after China roasts her alive to death.
Anonymous on Aug 26, 2020:
Nah. I live in Taipei, and it way more expensive than that. Or maybe it needs to be updated. The reality should be +30% of what the list said.
Anonymous from Taipei on Aug 16, 2020:
Average monthly net salary over 47K NT (after tax)? Where did this figure came from?
Uni graduate barely making 30~40K NT/month (before tax).
Taipei-er on Jul 06, 2020:
Yeah maybe that's partly why these rents are so inaccurate. A 1 bedroom is not a taofang (studio).
Anonymous on Jun 17, 2020:
I agree asw ell in Taipei the average for a semi decent meal is 150 NTD these days. Inflation.
Anonymous on Jun 17, 2020:
You know what is taofang, studio apartment right? I'd say it's a reasonable number for Taipei.
Taipei-er on Jun 05, 2020:
The Taipei rent listed here is wildly inaccurate. Please show me where to find a 1 bedroom apartment for $16K that fits the conditions listed: central, modern, and good condition. Maybe people are interpreting the question to mean 1 bedroom rented in an apartment with roommates, because that’s the only way this makes sense.
Anonymous on May 04, 2020:
Taipei rents have gone up a little over the last few years. Quite accurate stay for that.
Anonymous on May 04, 2020:
Chinese lies exposed for all the world to see.
Jack on Apr 05, 2020:
To whom anonymous comments,
Taiwan or Taipei is good or bad can be seen through web https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Be aware, here we discuss about cost of living, rather than politics of living. Although there are quite some people admire China and the “One country two system”, they refuse to live in China....
See what happens when Covid-19 occurs these months, and the world understands.
Anonymous on Mar 13, 2020:
Is Taiwanese an ATM machine to be fined with whatever unreasonable amount by the Taipei government ?

According to a recent news, a Taiwanese left his quarantined hotel room in Taipei to travel to abroad but was fined with a whopping 1 million NT dollar unreasonably for leaving his quarantined hotel room.

Taipei hotel is well known to be expensive comparing other cities, such as Kuala Lumpur, Osaca, etc.
And the aforementioned person is a Taiwanese, not a tourist so he should have a house in Taiwan so should be quarantined in his home in Taiwan instead in order to save the burden of the expensive hotel room cost in Taipei for a whopping 2 weeks stay.

Taiwanese should be well treated with respect and fiarness according the way of democracy so Taiwanese should not be targeted for ripoff especially by their government or else where is law and justice for Taiwanese?

Government servents such as the culprit vice mayor should not abuse power given by Taiwanese people to add unreasonable burden to Taiwanese such as the aforementioned victim Taiwanese. If home quarantine were not allowed by the government for Taiwanese, government should bear the cost of all other types of quarantined methods.

The Taipei government is very inconsiderate of the burden of the returning Taiwanese by not arranging a home stay quarantine for the aforementioned Taiwanese so the seemingly lawless vice mayor of the Taipei government should take a responsibility by resigning immediately for her foolish action of badly harming the well-being and interest of the aforementioned Taiwanese.
TruthSpeaker on Feb 11, 2020:
What's the source reference of the cost of a meal in inexpensive restaurant ? The cost should be a little higher at least $150 NTD.
Taipei Guy on Jan 27, 2020:
Taiwan is a wonderful place with a great society and very competent government and health system.

Please everybody believe the spiteful virus infected Chinese 50 centers comments below , don't come here . :)
Anonymous on Dec 23, 2019:
President candidate Mr. Song is destroying the hope of the return of KMT for the president seat as almost half of KMT supporters are willing to vote Mr. Song.

Don't know how much Mr. Song received offer from the ruling democratic party to run for the presidential race because the ruling democratic party is well aware that as long as Mr. Song is in the presidential race, KMT has absolutely no chance to win.

So KMT must find a way not to lose vote due to Mr. Song.
Anyway, Mr. Song must withdraw from the presidential race in order for KMT to be able to race with the ruling democratic party fairly.
Or else the ruling democratic party is now merely playing with the hopeless KMT for fun's sake without the stupid KMT being aware of its destined doom in this presidential race though KMT racing seriously which is useless as long as Mr. Song is a candidate in the presidential race.
Anonymous on Dec 09, 2019:
Taipei ranked top city for living worldwide by expats ...
Anonymous on Nov 23, 2019:
Milk is expensive because it's an import. Cows are not native to the island.
Anonymous on Oct 08, 2019:
Dude give up your crazy political stuff.

And the guy before you...lol
Anonymous on Oct 07, 2019:
Now back to prices in Taipei.
Cheap lunches, noodles and rice are 100 ntd, better lunches 200 to 300 ntd.
Anonymous on Oct 07, 2019:
Yes they are allies according to the US Congress .

Taiwan is spending BILLIONS of USD purchasing US made weapons systems supporting thousands to tens of thousands of jobs in the US.

https://www.reuters.com/article/us-usa-china-taiwan-congress/u-s-house-passes-pro-taiwan-bills-amid-trade-tensions-with-china-idUSKCN1SE00T

Also the Taiwan relations act.

https://en.m.wikipedia.org/wiki/Taiwan_Relations_Act
Anonymous on Oct 07, 2019:
The list of weaponry includes:

108 General Dynamics Corp M1A2 Abrams tanks worth around $2 billion (€1.7 billion)
1,240 TOW anti-tank missiles worth $200 million
409 Javelin anti-tank missiles
250 Stinger portable air defense systems.
There are also reports that Taiwan may be seeking to buy 66 more F-16 fighter jets.

The US Congress, which has to approve the deal, has been sent an informal notification, according to Reuters news agency.
Anonymous on Oct 05, 2019:
Shaddap , Taiwan pays billions for the weapons and supports thousands of jobs in the US.

Taiwan and the US are allies .

Now stop talking politics here especially if you don't live in Taiwan . Bye.
Anonymous on Sep 11, 2019:
Shaddap Wu Mao, let us learn something here leave your politics at home .
Anonymous on Aug 30, 2019:
The U S convinced Taipei it needed to buy some high-end military equipment.Now the U S can watch Taipei and China obliterate each other,a good thing.
bidding consultants on Aug 22, 2019:
After reading your article i fond it very effective and informative. I really apericiate your work. Keep it up.
bidding consultants on Aug 22, 2019:
After reading your article I found it very effective and informative.I really like your work. Keep it up
Anonymous on Jun 08, 2019:
I've been checking the rents this week, it's pretty accurate.
Anonymous on May 16, 2019:
The "taiwan news" is spreading fake news which defames and harms the interest of all residents of the Greater Taipei as well as the reputation of the Greater Taipei.

However, sadly the inaction and irresponsible attitude of both mayors, Ko Wen-Je and Hou You-Yi of Taipei and New Taipei is regrettable.

If these both mayors were responsible a bit, they should secretly shut down the culprit "Taiwan news" immediately and detain all responsible people without bail indefinitely in prison with the hardest labor in return for defamation of the interest of the residents of the Greater Taipei.
Taiwan Foreigner on Apr 25, 2019:
Why do Chinese Trolls think they have ANY effect? Waste of time NOBODY believes it, never did, ever will
Taipei dude on Apr 07, 2019:
Rubbish made up statements from mainland Chinese Wumao.

Ignore folks. They are bitter people wreck every internet forum!
Anonymous on Mar 24, 2019:
Corruptions are rampant under Tsai government like a project to install escalators for 16 MRT stations has been budgeted more than requied in resource as much as whopping 20.4 millions US dollar (630 millions Taiwan dollar).
20.4 millions US dollar for just escalators for 16 MRT stations, can anyone believe? How come the tax blood of Taiwanese are being sucked and cheated gradually by the most stupid Taiwanese called Tsai president.

Expanding Taipei’s Popular MRT
https://topics.amcham.com.tw/2019/03/expanding-taipei-mrt/

This is just one case and Tsai also initiated many projects for infrastructures so should already make lots of money by raising the budget more than needed by as much as more than half.

Tsai is the most worthless president ever elected in Taiwan as her stupidity has been exceedingly clarified since she argued and acted like a crippled moron with the previous Ma president on TV debate for presidential election where she failed miserably.

What can Taiwan blame for electing the most unworthy Tsai for president position? Blame the ignorant Taiwanese who most of them also already regret now electing the most stupid Taiwanese for president position.

Tsai moron makes Taiwan the worst living hell on earth where in Taiwan you won't be provided a free plastic bag for shopping at RTC, Carrefour, etc and even with money you can't purchase plastic bag at the cashier but only more expensive bag costing at least 15 times of the price of plastic bag.
Hope the moron Tsai shops like a normal Taiwanese without taking taxi and personal car and instead take the city transport bus or MRT to understand the hardship of Taiwanese.

Even Japan provide free environment friendly plastic bag for the convenience of its citizen unlike inconvenient Taiwan under Tsai mess-up

Meal cost has also been raised as much as 50% under Tsai mess-up so Taiwanese are not happy anymore comparing to the era under the previous great presidents. Taiwanese were much happier under the previous Chen president who did help alleviate the burden, hardship, etc of his people and Taiwanese were content during his presidency.
Anonymous on Mar 09, 2019:
Ignore the ignorant comment by dumb Chinese below.

The title is President Tsai.

Enjoy the pollution in Beijing.
Anonymous on Feb 24, 2019:
Under Tsai government, the fee of city bus is collected twice if you stay at new taipei, instead of only one time collection as usual before her brainless government.

Cheaper option of taxi such as Grab is not still yet allowed to operate in Taiwan to protect the interest of expensive taxi service.
Tsai government seems to treat Taiwanese as walking ATM machine worthy to be ripped off.

This dumbass Tsai government even announced in the news below to subsidize taxi driver to purchase new cars as much as NT$350000 (US$11300) for each car.

Ministry outlines taxi subsidies
http://www.taipeitimes.com/News/taiwan/archives/2019/02/25/2003710370

After wasting all the government money and consequently destroying Taiwan, Tsai should not worry where to run because her late father's boss, the japan emperor and his descendants would accept her as a faithful dog as usual but not as worthy as the pure Japanese in blood.
Tradewind4 on Feb 13, 2019:
Why is milk so expensive? $11+ for a gallon of milk?
Vivian on Nov 15, 2018:
The average Salary in Taipei is no 55-60k that not true. Maybe is 40k
1234567 on Nov 14, 2018:
@Anonymous: Either you are completely blind or completely moronic. I'm inclined to say both. In the document it CLEARLY states that the average household in Taipei has 1.29 working adults. 2.2 = the figure for the number of adults, period.

Anyway I'm done arguing here. Now the average salary in Taipei is 36k? Lmao. This site is laughable.
Anonymous on Nov 13, 2018:
Average Monthly NET Salary (AFTER TAX) is Very Different from House Hold Gross Income.(Possibly 1-4 working individuals in a household prior to Tax)
In Taipei many working age professionals live at home to save money this adds their salary to the household income along with their parents. This is actually very common to have a household of 3 working adults in Taipei and Taiwan. The average household in Taipei has 2.2 working Adults.
Anonymous on Nov 12, 2018:
if you do a 591 search under 1 bedroom they show a lot of Studios which are not 1 bedroom, its a cheaper studio. There are 1 bedroom apartments in Taipei and they are usually newer buildings like the one I rent in Songshan. Ive lived in both most of my time in Studios now I have a 1 bedroom apartment. Almost every true 1 bedroom apartment I found in Taipei is above 22k some go as high as 40k but most of them are around 22k-29k. Studios can be found cheaply anywhere but then you don't have a seperate bedroom with a door.
Jing on Nov 12, 2018:
I think this website should differentiate between Studio and 1 bedroom apartments because the prices are different.
Jing on Nov 12, 2018:
I can rent a Studio for 14-18k but a single bedroom costs over 22k in center of Taipei I just checked rent 591.
TPE Boy on Nov 12, 2018:
36k might be a bit low it should be closer to 40k for Taipei (per Capital Salary -NOT HOUSEHOLD INCOME). 123456 is a Retard that doesnt understand the difference between HOUSEHOLD INCOME and INDIVIDUAL INCOME. SO STFU
Monthly basic wages rose 1.63 percent from last year to NT$38,656, the data showed.
http://www.taipeitimes.com/News/taiwan/archives/2017/12/03/2003683359
TPE Boy on Nov 12, 2018:
MONTHLY income is not the same as Household Income. The statistic for Household income include 1-multiple family members. They are not averaged (Not divided by the number in household) That means when you have a Household income of 60-70k in some cases its 2 people's salaries combined to reach 70k.
TPE Boy on Nov 12, 2018:
Id say the rent price is about right. It lists as 1 BEDROOM. NOT A STUDIO!. If it was a studio it would be cheaper than 26k but if you try to rent a 1 bedroom apartment in DAAN you'd be paying about 24-26k easily
K FLey on Nov 04, 2018:
This website is joke!
Average income in Taipei is around 55K - 60K
40K is probably Taichung.
Nobody is controlling the fake abroad contributions here?
1234567 on Oct 29, 2018:
@Administrator

Just check if you've received a significant numbers of contributions that had the same pattern recently. If you do, maybe you should do something about it. Not that this site is particularly relevant, but those who come and check the statistics do exist.
1234567 on Oct 29, 2018:
@Administrator

So you are not going to look into the fact that the contribution has dramatically altered the figures within a few months? Comparing the mid-year statistics and the statistics NOW, the rent has sored by 50% and the salary dropped by 50%. Isn't there something fishy there? Have you not received waves of "contribution" that have manipulated the figures?

As for the sources I provided, if the household income is 1.6 million in a city, how on earth can the average salary be only 40k? Even if you take the percentage of female workforce and other incomes into account, that is still ridiculous. 40k*12 is not even a third of that number. Btw the average working population within a household is 1.34 in Taipei City. Not 3.

Finally, according to official statistics, average salary in all of Taiwan is around 50k. Source: https://tradingeconomics.com/taiwan/wages (It's hard to find something in English as you obviously wouldn't be able to read Chinese).
1234567 on Oct 28, 2018:
@Administrator:
https://win.dgbas.gov.tw/fies/214.asp <- Household income.

https://rent.591.com.tw/?kind=2&region=1 <- Renting site.

If you're the real administrator, don't you find that the sudden drop of the salary from your contributors a bit weird? Last year and the first half of this year it was still around 60-70k, now it's only 40k. Same with the rent. It was still 15k a month ago, and now suddenly it's 26k. This is very misleading. I'm suspecting that some of your contributors are actively trying to vandalise the figures.

And to the idiot who says that household income has nothing to do with salary: where do you think the household income comes from? Besides, you think a family of four has 4 fucking salaries? Are you really that stupid?
1234567 on Oct 28, 2018:
Now a one bedroom costs 26k in Taipei city center? Is this a joke? It's not even 15k.

And again the salary is way higher than 40k in Taipei city. This site is turning into a joke.
Raffaele Ruocco on Oct 25, 2018:
I never visit Taiwan but I want visit this city ...
Luisa Rodriguez n on Oct 23, 2018:
#Jack Barnes, It's safer than western countries
People are well educated and well behaved than most Asian countries.
MRT system is very clean and efficient, you have to buy a transit card - 悠遊卡
Their transit card can also use at shops like 7-11 or coffee shops.
I really like this city more than Canada, it's my 7th year in here.
Jack Barnes from the US Branch on Oct 20, 2018:
I'm a single guy moving to Taipei for work. How is it living in the city? Can someone say a few words on their experiences?
NC on Oct 20, 2018:
Average income in Taipei is way higher than this number.
About 55K a month.
Some people use different IP to type the fake number try to lower the average, we all know it isn't real!
Anonymous on Oct 14, 2018:
No the average has been given as 40k to 50k NTD per month for Taipei city only (including bonuses).

Outside the average drops except for Hsinchu.

Average household income is all members of the household and all assets, that's a different thing!
Anonymous on Oct 14, 2018:
No the average has been given as 40k to 50k NTD per month for Taipei city only (including bonuses).

Outside the average drops except for Hsinchu.

Average household income is all members of the household and all assets, that's a different thing!
1234567 on Oct 02, 2018:
Btw the average annual household income in Taipei City in 2017 was 1.65 million ... 45k my ass.
1234567 on Oct 02, 2018:
Lol these numbers are a joke. The crowd source is absolutely laughable. The average salary in Taipei is 60-65k (data from actual household income report).

Graduates make less money everywhere in the world.
Asian_Liberals_4_Trump_2020 MAGA on Sep 25, 2018:
47,000 Sounds about right for Taipei. Would be great if the average and median Salary could be Higher for Taiwan so people can have a living wage.
TPEBoy on Sep 11, 2018:
Average Salary in Taipei is around mid 40k before Income Tax. Also per capital Credit Card debt in Taipei as of 2018 is now raised to 250k NTD a person. 50% of young workers earn roughly 22k-25k, 50% of them carry debt. The majority of Wealth in Taiwan is held by the Boomer Generation.
#NYCTRADERZ on Sep 11, 2018:
IAmFromTaipei you are completely correct. Even the governments own Treasury Dept statistics published in 2018 show Taipei (The Wealthiest City) before TAX to have an Average Income of 48,600. After tax would be slightly lower.
IAmFromTaipei on Sep 08, 2018:
average monthly salary 56K NT after tax? where did the figure came from? ask around and get feedbacks from the local graduates and/or those who have less than 3 or above 3 years and less than 5 years work experience. trust me, majority of them will answer you they are getting paid less than 50K/month (before taxes)
NYCTRADERZ on Jul 12, 2018:
Extreme Bubble in Taiwan= Bad for current buyers or first time home owners.
Soaring house prices only benefits people like me who are selling at this time, I agree its horrible if you're looking to buy in a 2018 market that is overpriced like Taipei.
#Anonymous on Jul 07, 2018:
@NYCTRADERZ

You talk as if soaring house prices are a good thing. Laughable.
NYCTRADERZ on Jul 06, 2018:
Taipei, New Taipei City housing prices falling rapidly in last 2 yrs LOL.
Good luck Taiwan Real Estate Bubble investors...Losing so much money sucks.
Meanwhile I'm making a killing in the US, Singapore on my properties.

https://www.youtube.com/watch?v=OBTUc2xvxeg
#Anonymous on Jul 05, 2018:
What are some of your government data from? You guys are having the most pointless argument in history. The average household income in Taipei is 1.5 million per annum. 55-70k per month (1800-2200 USD) on average is about right.

And give me a fucking break. In which country isn't the average skewed to the ultra rich? I feel like none of you idiots really know what the word "average" means.
MaoKongme on Jul 03, 2018:
80k isnt anything to brag about...its not much although sadly by local standards its a lot. It won't even allow you to buy a house or save for retirement...what a sad state of affairs Taiwan has come to....Once the Top of the Asian Tigers now the LAST. Its pay used to be on par with Singapore only as far back as 1990....Now its effectively Half of Singapore
TPEBoy on Jun 25, 2018:
Lisa A, thats cause you work for a Foreign company enjoy those benefits. Most people in Taiwan dont work for foreing companies. I make about 250k a month and hire engineerings and other employees from HTC, HongHai, Ren Bao, Gogoro so I have a good idea what people make in Taipei and its not a lot as I have data sheets for all job sectors including bonuses. Also have direct knowledge from friends and family cousins and HR friends to draw from thousands of examples along with Taiwans own Treasury ministrys statistics. In fact Google has raised wages 33% on all ex HTC employees and increase benefits forcing HTC to raise wages to retain its current staff. Taipeis real average and medium has always been about 40k
Lisa A. on Jun 24, 2018:
I'm a supervisor at Zara Taichung, my salary is higher than 80K.
Zandar on Jun 19, 2018:
Agreed Robbin, I've been living in Taipei for 18 years, 58,000 is 30% more than every Government statistic on Salaries in Taipei. Whats more is this is after tax. The ultra wealthy dont live on wages but assets. Wages for average Taipei citizen including bonuses after tax according to Government Data is about 40k pre tax...After Tax is probably 38k
RobbinZheng on Jun 14, 2018:
58,000 NTD After Taxes is definitely skewed due to super rich. It goes totally against statistic from the Taiwan Directorage General for 2017

"About 31 percent of all workers in Taiwan earned less than NT$30,000 per month this year, falling for the eighth consecutive year, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). The data also showed that 18.94 percent of employees earned more than NT$50,000 a month this year,"
http://www.taipeitimes.com/News/taiwan/archives/2017/12/03/2003683359
TPEBoy on Jun 04, 2018:
At this pont Tokyo is a good investment in 2018. 15 mins from Center of Tokyos downtown....300k USD for Brand new 3 Bedroom detached house.
https://www.youtube.com/watch?v=iGbC5j4pG9w

Now this is a sane investment as rental can fetch quite a lot. Salary is high to justify the cost and there are many renters in this part of town.
Japans real estate bubble has burst a while back due to aging/ dwindling population something Taiwan is about to go through.
TPEBoy on Jun 04, 2018:
JIN Clearly you're the big idiot who will lose money on real estate Speculation. I'm making money on Real Estate on rising markets and strong profitable rentals.

Asia Tigers Real Estate Bubble Bursting/Cooling off

World’s Worst Property Market Confronts Taiwan’s New President 2016- Falling ever since 2016
https://www.bloomberg.com/news/articles/2016-05-26/world-s-worst-property-market-confronts-taiwan-s-new-president

Bejing, Shanghai, Shenzhen Prices falling -2018
https://www.wsj.com/articles/chinas-hot-housing-market-begins-to-cool-1516098600

Bangkok Property falling 2018
https://www.globalpropertyguide.com/Asia/Thailand/Price-History

Seoul Property Cooling down
https://www.globalpropertyguide.com/Asia/South-Korea/Price-History

Hong Kong’s home prices may fall by half in next 10 years, Deutsche Bank says
http://www.scmp.com/property/hong-kong-china/article/2097546/hong-kongs-home-prices-may-fall-half-next-10-years-deutsche
NYCTraderZ on Jun 04, 2018:
JIN you insulting facts sounds like youve made a very bad investment and youre about to realize a severe less. No need to attack someone else for your bad decisions. You're about to lose a lot of money and calling others idiot isn't going to help your situation. Best to don't put all your eggs in one basket with real estate investments so you don't get so defensive. There is a lot more balance in some western markets right now like the US, Canada for example is not as Toronto and Vancouver has seen severe losses recently.

Lots of markets are in a bubble now, even in Uzebekistans capital Azgabat a 1000sq ft condo goes for 500k USD! There is no reason for this as I've studied the area/rent etc. In Malaysias Sabah reigion in the Jungle there are poorly built condos selling for 500k USD! All are incredible bubbles of speculation. Jin I can clearly tell you're a speculation buyer....its called gambling, you can make a lot if the timing is right but you can lose a lot of the timing is bad because the rental value is incredibly low compared to purchase price. Singapore and HK still demand a decent rental return on price.
NYCTraderZ on Jun 04, 2018:
Like I said, I personally own Property in Bangkok, Singapore and my family has properties in Taipei. Buying in Taipei now is a BAD INVESTMENT.
When trying to profit off real estate you have to check your ego and pride for your country at the door. Its all business and Taipei and much of Taiwan is a bad investment in 2018 to buy in.

I can clearly tell don't understand the Hongkong, Bangkok or Singapore markets. Singapore and Hongkong have increasing populations and extremely limited land. Bangkok is over valued like Taipei which is why their real estate is dropping fast recently and I see Taipei eventually going the way of Bangkok.

As for Singapore and HK They are also financial centers of the world, a lot of money and trading goes through here. There is also a sizable population with a very high income that can sustain it.. HK is mainly due to Wealthy main land buyers the past 20 yrs. Taipei is not it does not have a population that is open to world trade markets having been more open to Mainland trade alone. Yes Taipei is also a small city but that doesn't account for why New Taipei City is incredibly expensive.

Taipei real estate prices are dropping, I will pick them up cheaper when people like you sell them at a loss. Taiwan needs to do more to boost its local economy and raise wages across the board. Taiwans Rent vs Property price is the highest disparity on the world. Seoul is also in a Bubble currently as well as Beijing. The property is only worth what someone will pay for it.
Jin on Jun 01, 2018:
Why not also compare the ratio of rent and property price to other Asian cities such as Bangkok, Seoul, Shanghai, etc.
Beijing property is almost at least twice as expensive as Taipei property. Don't you think the property price in Beijing isn't acceptable either, you idiot. It is very idiotic of you in the first place to compare Asian cities with cities from America or Euro.
Unless being suppressed of the property price by the current Taiwan government, Taipei property price should have already caught up with similar cities such as Shanghai, Hong Kong, Beijing, Seoul, Singapore, etc. So it is just a matter of time, Taipei property will climb up to where it belongs where its colleagues are now. (The property price of future Taipei can be predicted accurately now just by looking at its colleagues)
Crooked Semi-foreigner ! Fighting for Taiwan doom will never work with your idiotic slander !
TPEboy on May 31, 2018:
Yea its pretty clear theres a couple property owners in Taipei trying hard to convince everyone their overinflated apartments are worth more than the long term market, rental prices, and city average wages will dictate. Since Im a dual citizen of US/Taiwan I had the option of buying a house here or US, I definitely chose the US after closely studying the value and profitablilty of both markets. Anyone considering Taipei's prices now is about to lose money.
NYCTraderZ on May 31, 2018:
Totally agree, that Anonymous is prob a mainland investor who has realized a bad investment. Also incredibly ignorant assumptions I see below from Jessica Hinz and Anonymous seems like they have lost money or about to lose money on a Taipei Real Estate Gamble.

I can tell you my Properties in certain parts of the US have an ROI of about 10-12% on rent.
I can buy a 15 million NTD House and rent it out for 80,000 NTD a month in markets outside of Taiwans crazy Bubble.
A real Estate Investor makes money on both Cash Flow from high (ROI) on Rent and from property value increases.
Amatuer real estate gamblers try to take lucky gambles once in a while on speculation prices..
Anonymous on May 30, 2018:
Anonymous is just some Mainland Chinese who has probably made a bad investment in Taiwan property and regrets it while the PRC and HK keep pumping their markets.

Then hilariously states Taipei has higher wages than Beijing but is poor Taipei.

Taipei ain't poor it's a good city not some polluted overpriced hellhole like a lot of the mainland.

Me I'm enjoying the cheap rent :).
NYCTraderZ on May 28, 2018:
I own 37 properties in the US, Australia, and Saigon(condos), Bangkok(condos), Singapore.. My Family owns properties in Taipei. I can tell you the ROI (Return on Investment) for Taipei is horrible in 2018. The only people convincing anyone to buy a house might be a home owner who has their money locked up here and hoping for equity only return.
Thats called a poor odds gamble,.. Without rising rent due to high wages to earn along with equity its a risky market. 2006-10 would have been a good investment in Taipei. Taipeis wages are the lowest of the Asian Tigers btw, there are multiple reasons why HK and Singapore markets are being priced up none of those factors are happening here in Taiwan.

Anonymous 2 down is making some idiotic political statements why barely understanding Real Estate prices, I think he/she must have an invested interest in Taipei.
Jessica Hinz on May 22, 2018:
#Katya Tkacisky
Try to apply some foreign exchange student programs in Taipei.
You might get some opportunities after graduated.
I really like here.
Anonymous on May 20, 2018:
Don't want to argue with some hopeless people here seemingly doesn't possess a single Taipei house and seemingly living on rent. A sympathy to you but you need a skill for a better pay or else complaining will not realize your dream and instead waste your whole time.
The price and rent of Taipei/New Taipei is already the lowest (at the bottom level, just waiting the right time to ascend to a big surprise) among its colleagues, the four asian tigers, Seoul, Singapore, Hong Kong.
So it is just a matter of time that both price and rent shall be catching up to its colleagues within 2 or 3 years the most.
It is absurd to see even the price and rent of lower-waged Beijing property is higher than Taipei/New Taipei. No wonder even Beijing starts looking down on Taipei/New Taipei with contempt now, thanks to this imprudent government suppression (actually self-infliction upon itself) upon its potential Taipei/New Taipei property market unlike Beijing where the property price has been raised at least
one or two times during the last 3 years and then now the outcome this unsophisticated government reaps is challenge after challenge on top of poor Taipei contempt from Beijing.
Anonymous on May 20, 2018:
Don't listen to the bulkshut real estate speculators posting here tHere is absolutely no lack of apartments in Taiwan and there is not going to be millions immigrants anytime soon.
The housing is too expensive already for many people.
Taipeir on May 20, 2018:
Tpeboy is right.
It's very hard to get ahead without family money and assets in Taiwan, salary rares are simply too low.
I am also a high earning long term resident of Taiwan know many business people.

Business people abd company owners don't share enough profits with their workers that is the truth .

There are also a lot of empty high end apartments.

At least rent is fairly cheap in Taiwan. I currently pay just 10% of my earnings for rent.
Katya Tkacisky on May 17, 2018:
I work 60 hours a week in Moscow, where the salary is the highest in Russia
But my monthly wage is just $600 ( $18K TWD )
My cousin work as Russian/ Mandarin translator in Kaohsiung, she makes 90k TWD there.
How can I move to Taiwan ?
Katya Tkacisky on May 17, 2018:
Wow, Taipei salary is a lot higher than my country Russia.
Anonymous on May 15, 2018:
Taipei salary so low, this why I found job in Singapore
TPEboy on May 09, 2018:
Anonymous- No There are Tons of empty apartments in New Taipei City it is above 20% vacancy but less than 25% according to the newest stats but anyone with eyes can see the huge amount of new construction going on with no buyers and empty buildings. Even in Neihu and Nankang theres a lot of empty luxury apartments.

I rent an apartment for 46k and much of my area is empty and new.
People you should WANT TO IMPROVE TAIWAN....stop arguing against helping the poor middle class here. Real estate alone isn't going to drive an economy! Yes there are Ultra Rich in Taiwan and its sad to see the gap widening between them and the middle class.

Anyways I'm doing fine financially but as an ABC I want to see locals here doing well too and I see the greed of these big bosses ruining it for Taiwan.
TPEboy on May 09, 2018:
Anonymous- The Vacany rate in Taipei is 20%. Its not an opinion its a fact. These tend to be higher end buildings and Luxury apartments. The type of apartments you're talking about are studios or 1-2 bedroom for workers and office people...those do get rented quickly.

Regardless of all these crazy bonuses you're talking about...they are a thing of Taiwan's Past not present. Taiwan used to give crazy bonuses in Stocks etc for Tech companies like Hong Hai, TSMC, Renbao, HTC etc. 20-30 years ago that was common. Now a days and in 2008-2012 you were lucky to get 1 month, some very few people got 3-4 I have a few friends in middle and upper management in these companies so I know and also friends in HR.
The very fact is the Finance Ministry last week just announce that the Average Wage in Taiwan Including ALL BONUSES + Benefits and Salary is only 49,894 NTD. Taipei's is roughly 51,000 NTD Gross when including bonuses etc. They said the median Salary is closer to 34,000 NTD for Taipei.. aruge all you want against the last Facts and Statistics.

Lucia Simpson- Whose starving to death in US and Canada? Are you friggin kidding me lol thats idiotic
Taiwans real estate isn't going to Skyrocket unless you're a Realtor and live in your own dillusional world outside of statistical reality. I know many Realtors or people's whose investments and livelihoods want it to Skyrocket but unless Wages increase its not going to happen.

Beijing's 2nd and 3rd Ring Road are more expensive than Taipei. China has now the manufacturing to back it up. Let me ask you this...whose going to be buying these houses if youre making 30-60K NTD a month? Even if you make 100k NTD a month thats PEANUTS!!! You shouldn't be buying a house worth 15 million NTD to financials dont add up unless your financial future is based solely off a single GAMBLE that property prices will rise and you Wont be under water on your mortage LOL.
TPEboy on May 09, 2018:
Lucia Simpson how do you know those that are commenting for people to have better wages in Taiwan arent high income? You sound like a Moron. I make over 350k NTD a month and have created a dozen jobs here in Taipei for locals and I pay them a premium over the low pay here by a margin of 40%. I can see how faulty the system is here the owners are greedy keeping the vast amounts of Profits for themselves this is shown in EVERY FINANCIAL REPORT its ridiculous. It would benefit you to read.
Everyone one of my friends in LA in their 30s now owns a house worth 500k usd to 1 million Without help from Parents. No one I know in their 30s in Taiwan will ever dream of owning a house outside of their rich parents helping or an 80% mortgage.. When Google bought out HTC engineers they automatically gave a 30-40% raise to the new hires forcing the greedy Taiwan companies to follow suit to keep Talent. HTC now says it will give raises to employees to try to catch up to Google.
Lucia Simpson on May 09, 2018:
I've met lots of high income Taiwanese in Taipei.
You guys should just work harder and stop being like cry baby.
If you don't have a particular skill or certificate, you're income is the same shit even you're in US, Canada or other countries.
At least Taiwan government did great job not letting their people starve to death.
We have so many young homeless people in Canada here, Taiwan seeks a lot better than my country.
Anonymous on May 09, 2018:
Taipei is the PRECIOUS BRAIN CONCENTRATION AREA where the ultra rich and big bosses stay to direct empire businesses around the world, in area such as in Mainland China, Singapore, Hong Kong and so on so the status of Taipei would match the status of property with the higher expectation of property price sooner or later.

Renting out is the quickest in Taipei/New Taipei comparing to UK, in experience, a tenant contacted one of my friend in less than 3 hours after Tipei property posting and the tenant accepted the deal, all was done within 4 hours which seems never happened with any property belong to my friends and family members in UK. So it is not true mentioning vacancy rate in Taipei is as high as 20% but would rather say there is almost no vacancy rate for property in Taipei/New Taipei, almost all properties in Taipei/New Taipei are fully occupied and the demands are also quite high too comparing to UK.

The property price in Beijing is even much more expensive than Taipei/New Taipei though the salary in Beijing is low as merely HALF OF THE SALARY in Taipei/New Taipei.
However, Bonus payment amount including stock shares in Taiwan is the highest in Asia and the bonus amount is up to 20 times of the annual salary ( proof? higher standard of living in Taiwan) which is rarely seen in Singapore and Hong Kong.

The property price in Beijing has almost doubled during just within the last 3 year though the property price in Taipei/New Taipei hasn't moved a bit upward during the same last 3 years due to the property suppression from the current unreasonable Taiwan government.
However, there is no whatsoever downward pressure present anymore in term of property price due the the pressure from the current government because the current property price in Taipei /New Taipei is already at the bottom line so nothing to lose from the Taipei/New Taipei property purchase but the only remaining is to reap gain in the coming few years, that's all.

However, as soon as the current unreasonable Taiwan government is gone probably after 1 or 2 years, property price in Taipei/New Taiwan is ASSURED to skyrocket higher than that was experienced in Beijing during the last 3 years. With profit earning from businesses, have never lost interest in hunting for deals in Taipei/New Taipei properties until now so already secured many good properties under umbrella because well aware of in the next 1 or 2 years, the profit returns from Taipei/New Taipei properties would be indeed much more greater than what Beijing property profit during the last 3 years.
Anonymous on May 09, 2018:
#Jeff Hong Kongs real estate price increase has everything to do with no land and huge influx of mainlanders the Ultra wealthy and the poor.
Singapore is due to much higher wages than Taiwan. Taiwans wages are by far the lowest of the 4 Tigers and declining even more. Unless Taiwan does something including the businesses soon Malaysia will catch up in coming years.
TPEboy on May 09, 2018:
There is a good reason NONE of Taiwan's Wealthy are buying houses the last 2-3 years. Most buyers are middle class who are not educated in investing real estate and buying because of cultural conditioning of owning a house at any cost even if their mortgage is 60-85% of their income. When in doubt with investing follow the rich, they are NOT BUYING HOUSES in Taiwan.

In other news Stocks have been doing well as an investment in Taiwan vs Housing due to unaffordability of houses.
TPEboy on May 09, 2018:
Taiwan Real estate currently is WAY over valued. Serious real estate investors know Rental markets are directly tied to the wages of the city/country.
Taiwans wages are so low compared to Singapore, Korea and Hong Kong. Lets not begin comparing to the West or Japan. Taiwan pays peanuts slave wages to its work force sadly. There is already a 20% vacancy rate of houses in Taipei all empty. The current Millenial generation will not be buying more houses as there is a huge population decline so there will be a huge abundance of available property and not enough people living in them. Its not a problem 20 years from now, it will be very obvious in 10 years before anyones Mortgage who buys now runs out. Taipei is a very bad investment to see a return on money in 2018-2030. Taipei was a VERY GOOD investment in 1990s-2004.

Taipei Investment for Real Estate
1990s-2004- Excellent
2004-2008 - Ok
2009-2012- Bad
2013-2018- Extremely Poor Investment- Kiss you money goodbye.
2019-2028. Huge Bubble Crash potential.
Jeff on May 08, 2018:
Taiwan government is burning government fund in the unsustainable stock market.
Whereas, wise government such as Japan, Korea never waste government fund unlike the foolish Taiwan government.
Taiwan stock price has been lifted as much as 30% during last year, but while happening correction of stock market price across the globe. The foolish Taiwan government foolishly wants to stop the correction of Taiwan stock market price unlike everywhere else where there is no interference from any government to stop the stock market price correction.
Let's see if Taiwan government has enough fund to sustain the unsustainable expensive Taiwan stock market price. No more fund..., then see which one collapse first either the unsustainable Taiwan stock market or Taiwan government
Anonymous on May 08, 2018:
members among the four asian tigers. The rent would also catch up along with the property price catching up its asian tigers members such as Hong Kong, Singapore.
So Taipei/New Taipei is a tremendous opportunity available now to invest in property which would sooner or later return with tremendous profit just like what happened in Hong Kong and Singapore in recent few years. Grab while opportunity available or it would be too late
Anonymous on May 08, 2018:
TPEBoy, you can't compare the house price between Taipei and L.A.
Taipei is one of the four asian tigers or dragons so should be compared among the four asian tigers nation which are Taiwan, Hong Kong, Singapore and South Korea and not with unrelated L.A.
Taipei is the cheapest city in term of property price among the four Asian Tigers nation and the problem is due to the mismanagement of the current Tsai government.
Sooner or later the property price in Taipei would catch up its
TPEBoy on May 08, 2018:
Anonymous is right Basically for my house I just bought in L.A. I rent it out for 89,000 NTD a month + renter pays all utilities or about 3000 USD a month for a house that cost about 18million NTD to buy or 600k USD. In Taipei the houses "supposedly" worth 18million can only rent for 29,000 NTD. Taiwan has one of the worst return on investment for housing real estate in the first world according to many investment stats I follow. On top of that you own no land just concrete. The housing price in Taipei Daan and Dazhi in 2013-2016 exceeded Londons Westminster (Where Parliament, Buckingham Palace, Westminster Cathedral are). Now its cooling off to be slightly lower. TPE real estate is entirely an artificial bubble that will pop
Applehead on May 08, 2018:
According to your link its actually lower than 51,000 its 49,989 NTD average for Taiwan before Tax. Taipei makes more than most countys except Hsinchu but you have to remember the stat above is for After Tax not Pre Tax. Maybe most of the respondants on this website are Foreign English teachers and not locals and it skews the numbers up?
Anonymous on May 08, 2018:
According to all the DATA there is no way in hell Taipei NET Salary (after Tax) is 58,700 NTD a month.
News reports today say only 10% of the people in Taiwan earn over NT$61,000 per month.

Here https://www.taiwannews.com.tw/en/news/3424171 1 it is saying the average salary is around 51k (Before Tax), and here it says https://international.thenewslens.com/article/91779 the median salary is somewhere around 35k, hence it seems to support that only 10% make over 61.