Cost of Living in Taipei

To anonymous comments on Jan.4 2021.

We lost our two sons one daughter and 5 close friends to covid19 so far.

There isn't any forgetting or forgiveness.

What the Chinese government and citizens of China did was just cold blooded heartless murders on a global scale as the comments on Jan.5 2021 stated.

China did well under Zhang Zemin but under Xi China has gone downhill and is going downhill fast. China peaked in reputation, growth, economy during 2008. With Xi in charge all the growth and progress has stopped and going backwards

Chinese troops caught a cold when trying to invade India territory due to weather plus China isn't any match for India military and Japan is quite capable of destroying China on its own and that's a fact because other countries stepped in to ask Japan not to kill everyone in China many years ago.Vietnam handed China their az when China tried to invade Vietnam.Then there's Russia finished with chinanese government bs.Its not U S governments decision to act on China aggression but it's the U S military that determines the outcome only.The world knows the U S military is the most deadly on the planet.All the U S military is waiting for is for China to make the grave mistake of firing the first shot towards the U S then there'll be nothing living in China.There are over 15 countries against China now and the list gets bigger everyday. Xi's father was run out of his office in government many years ago. Xi went into hiding working at a pig farm in a remote area area of China many years ago.The world is looking right down china's throat just waiting for China to do something really bad and then China will be hot ashes.

Humm so many ccp members trying to push their narratives upon Tsia through this site.

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.

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).

I agree asw ell in Taipei the average for a semi decent meal is 150 NTD these days. Inflation.

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.

Chinese lies exposed for all the world to see.

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.

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 . :)

Taipei ranked top city for living worldwide by expats ...

Dude give up your crazy political stuff.

And the guy before you...lol

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

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.

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.

After reading your article I found it very effective and informative.I really like your work. Keep it up

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.

Rubbish made up statements from mainland Chinese Wumao.

Ignore folks. They are bitter people wreck every internet forum!

Ignore the ignorant comment by dumb Chinese below.

The title is President Tsai.

Enjoy the pollution in Beijing.

Why is milk so expensive? $11+ for a gallon of milk?

@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.

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.

I can rent a Studio for 14-18k but a single bedroom costs over 22k in center of Taipei I just checked rent 591.

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.

This website is joke!
Average income in Taipei is around 55K - 60K
40K is probably Taichung.
Nobody is controlling the fake abroad contributions here?

@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).

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.

#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.

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!

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!

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.

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.

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

You talk as if soaring house prices are a good thing. Laughable.

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.

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

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

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.

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.

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 !

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..

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.

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.

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.

Wow, Taipei salary is a lot higher than my country Russia.

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.

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.

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.

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.