Cost of Living in Taipei

Summary about cost of living in Taipei:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 120.00 NT$ 100.00-200.00
Meal for 2 People, Mid-range Restaurant, Three-course 800.00 NT$ 500.00-1,000.00
McMeal at McDonalds (or Equivalent Combo Meal) 130.00 NT$ 119.00-150.00
Domestic Beer (1 pint draught) 69.50 NT$ 45.00-100.00
Imported Beer (12 oz small bottle) 80.00 NT$ 50.00-150.00
Cappuccino (regular) 79.89 NT$ 50.00-120.00
Coke/Pepsi (12 oz small bottle) 26.83 NT$ 20.00-35.00
Water (12 oz small bottle) 19.64 NT$ 15.00-25.00
Markets [ Edit ]
Milk (regular), (1 gallon) 327.01 NT$ 264.98-378.54
Loaf of Fresh White Bread (1 lb) 48.07 NT$ 36.29-54.43
Rice (white), (1 lb) 49.44 NT$ 29.48-77.11
Eggs (regular) (12) 72.78 NT$ 50.00-114.00
Local Cheese (1 lb) 225.24 NT$ 108.86-453.59
Chicken Breasts (Boneless, Skinless), (1 lb) 112.16 NT$ 72.57-158.76
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 337.36 NT$ 181.44-453.59
Apples (1 lb) 70.56 NT$ 45.36-136.08
Banana (1 lb) 28.16 NT$ 18.14-45.36
Oranges (1 lb) 37.19 NT$ 26.31-45.36
Tomato (1 lb) 41.99 NT$ 22.68-108.86
Potato (1 lb) 38.27 NT$ 18.14-54.43
Onion (1 lb) 29.22 NT$ 11.79-45.36
Lettuce (1 head) 44.75 NT$ 23.00-60.00
Water (1.5 liter bottle) 35.56 NT$ 25.00-50.00
Bottle of Wine (Mid-Range) 450.00 NT$ 300.00-700.00
Domestic Beer (0.5 liter bottle) 46.16 NT$ 30.00-60.61
Imported Beer (12 oz small bottle) 68.53 NT$ 45.00-90.00
Cigarettes 20 Pack (Marlboro) 110.00 NT$ 100.00-130.00
Transportation [ Edit ]
One-way Ticket (Local Transport) 20.00 NT$ 16.00-30.00
Monthly Pass (Regular Price) 1,280.00 NT$ 1,280.00-1,280.00
Taxi Start (Normal Tariff) 70.00 NT$ 70.00-80.00
Taxi 1 mile (Normal Tariff) 40.23 NT$ 32.19-56.33
Taxi 1hour Waiting (Normal Tariff) 245.00 NT$ 225.00-300.00
Gasoline (1 gallon) 112.11 NT$ 105.99-117.35
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 900,000.00 NT$ 898,000.00-1,000,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 699,360.00 NT$ 650,000.00-800,000.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 2,251.40 NT$ 1,062.50-3,400.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 4.52 NT$ 1.50-6.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 731.41 NT$ 499.00-1,000.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 1,380.98 NT$ 1,001.00-1,800.00
Tennis Court Rent (1 Hour on Weekend) 420.00 NT$ 200.00-600.00
Cinema, International Release, 1 Seat 290.00 NT$ 250.00-320.00
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 16,250.00 NT$ 10,000.00-25,000.00
International Primary School, Yearly for 1 Child 402,952.38 NT$ 200,000.00-600,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 1,972.62 NT$ 1,000.00-3,029.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,023.31 NT$ 550.00-1,500.00
1 Pair of Nike Running Shoes (Mid-Range) 2,589.80 NT$ 2,000.00-3,200.00
1 Pair of Men Leather Business Shoes 3,381.21 NT$ 2,500.00-5,000.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 17,566.67 NT$ 12,000.00-29,000.00
Apartment (1 bedroom) Outside of Centre 11,755.32 NT$ 8,000.00-21,447.30
Apartment (3 bedrooms) in City Centre 36,275.00 NT$ 25,000.00-55,000.00
Apartment (3 bedrooms) Outside of Centre 24,269.23 NT$ 18,000.00-35,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 32,881.88 NT$ 22,296.54-65,031.59
Price per Square Feet to Buy Apartment Outside of Centre 18,293.84 NT$ 11,241.17-37,160.91
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 45,453.34 NT$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.88 1.50-3.00

Prices in Taipei

These data are based on 2666 entries in the past 18 months from 360 different contributors.
Last update: October 2019
Sources and References: Info
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100 Comments so far

#Anonymous on Oct 08, 2019 :
Dude give up your crazy political stuff.

And the guy before
#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.

Also the 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

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

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.
#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 :

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 :

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: (It's hard to find something in English as you obviously wouldn't be able to read Chinese).
#1234567 on Oct 28, 2018 :
@Administrator: <- Household income. <- 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 :

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.
##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,"
#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.

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

Bejing, Shanghai, Shenzhen Prices falling -2018

Bangkok Property falling 2018

Seoul Property Cooling down

Hong Kong’s home prices may fall by half in next 10 years, Deutsche Bank says
#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 1 it is saying the average salary is around 51k (Before Tax), and here it says the median salary is somewhere around 35k, hence it seems to support that only 10% make over 61.
#Anonymous on May 08, 2018 :
According to the TWSE, foreign institutional investors sold a net NT$346.78 million in shares on the main board despite the Taiex's gains on Tuesday.
"I suspect today's buying largely came from government-led funds, which aimed to boost local share prices ahead of May 20, Alex Huang said, referring to the two-year anniversary of President Tsai Ing-wen's (蔡英文) inauguration.

Taiwan shares end higher, led by TSMC
#Jessica Hinz on May 08, 2018 :
This is cost of living data, not crying wall.
Stop crying shit and be a man.
#Anonymous on May 05, 2018 :
Taiwanese are getting poorer and poorer, thanks to the effort of both previous president Ma and current president Tsai for suppressing the price of property market in Taipei and new Taipei city.

So comparing to the property market of Hong Kong and Singapore, Taipei and new Taipei city are extremely dirt cheap so what the government has done so far is really unfair and harmful to Taiwanese.

Even the good-for-nothing developing nation like Thailand where the property price of Bangkok is much more expensive than Taipei and new Taipei city. What a shame !
US$2.2m in Bangkok buys marble baths, butlers and a Bentley

Taiwan government have the responsibility to make its people richer comparing to its level playing developed countries such Hong Kong, Singapore, etc but making poorer and poorer to its people, Taiwanese by lowering the price of property market of Taipei and new Taipei city by its government itself is unimaginable and very sorrowful.

Raising the property price of Taiwanese capital, Taipei and new Taipei city is essential for the status of Taiwan to maintain as an already developed nation among all either developed or developing nations and consequently Taiwan would no longer be LOOKED DOWN by China as a poor, dirt cheap Taiwan.

China is still a developing country but its capital, Beijing where the price of property market is much much more expensive than Taipei and new Taipei city, the capital of Taiwan, a developed country.

So Taiwan government urgently have to really work hard to close the gap of the price of property market among its level playing developed countries such Hong Kong, Singapore.
#Anonymous on May 04, 2018 :
The rest of the Asian Tigers are leaving Taiwan Pay in the dust. The Greed of the corporations other than TSMC which pays well is destroying the economy and this generation
#Anonymous on May 04, 2018 :
During president Chen, the stock trading center just collected one-time service fee for a stock trading of both stock buying and stock selling so there was no service fee for stock buying but collected a service fee of 0.1424% of the whole capital for stock selling.

However, the stock trading center start ripping off the online stock trader by collecting service fee two-time for both stock buying and stock selling so the service fee is costing the online stock trader twice 0.2848% (=0.1424% + 0.1424%) now compared to before under president Chen.

So in order to encourage Taiwanese to enter into the stock market, government must remove the dishonest double service fee collected by the stock trading center.

If possible, government should set up an online platform where there is no service fee for online stock trading.

Expensive double service fees and stock transaction tax are the stumbling blocks which must be removed in order to create a healthy, dynamic Taiwan stock market or else the current Taiwan stock market is too expensive for the local to enter.

Hope government takes care of the local stock trader by removing transaction tax just like foreigner are allowed the free stock transaction tax currently as well as removing the service fee for online stock trader.
#island life on May 01, 2018 :
Hey, I've received a scholarship to study in Tiawain but they are offering 12k monthly is that okay for the standard of living there although, I'll be based on campus. What are some of the challenges I may face or is that amount manageable since I will only be a student there?
#Anonymous on Apr 28, 2018 :
Stock trading tax is not comparable to income tax because there is no guarantee income as well as no guarantee heavy loss for stock trading, whereas income tax is from 100% guarantee income. So even collecting the stock trading tax for the outcome of heavy loss trading is undemocratic but instead authoritarian still practiced under the current Tsai government.
Furthermore, stock trading tax is only unfairly targeted to the local, Taiwanese but not to the investment from abroad, foreigner. So with foreign investment withdrawal, the stock market drys like an African forest because the local is not stupid to consider to pay tax even for the heavy loss stock trading and consequently the local don't invest a lot or not at all in the stock market.
Free money for the government especially by collecting the stock trading tax shall harm the stock market as it is not SUSTAINABLE.
Great Europe and US have no stock trading tax so Taiwan should follow the right lead or Taiwan stock market has no future.

Taiwan government should not use tax money of billions of dollar investing in stock market, driving up the price of stock market just like before under Tsai government and consequently only most foreign investment withdrew from the stock market with billions of dollar profit recently, leaving the current price of stock market unsustainable. It is not a government place to play fire in the stock market with tax payer's money or else gifting billions of dollar profit to the foreign investment coming from Taiwan Tax Payer's money as well as lifting the stock price to an unsustainable level unlogical and unreasonable and unreachable to the local for the long run which shall collapse the stock market sooner or later and consequently the stock market shall not be recognized by international investment.

Overview, government should allow the free run of stock market, no interference, not collecting tax whatsoever including the stock transaction tax just like under president Chen's era and not investing of tax payer's money into the stocker just like ignorant Tsai in order to pop up the stock price to an unsustainable level which is indeed much more harmful in the long run.
#Jason Bourne on Apr 23, 2018 :
There are actually quite a few dive shops in Taiwan both north and south. @jessica h. That’s good to know! Sounds like they maybe wouldn’t mind having an fluent English speaker (let’s hope). I’ve done a little bit of research and it sounds like they would need to fill out some paperwork on there end. Again, if anyone has any other information about moving to Taiwan that would be appreciated.
#Jessica H. on Apr 23, 2018 :
#Jason Bourne
It's good to teach diving in Taiwan, I know a Canadian girl is teaching in North Taiwan and make a lot of money.
#MaoKongme on Apr 23, 2018 :
Where are you going to teach diving in Taiwan? Not exactly an ideal place for that....perhaps SE Asia is better.
#MaoKongme on Apr 23, 2018 :
Government stats for Taipei city which say Average Salary once EXCLUDING business owners, Corporate Executives, Day Traders, Real Estate developers are approx 48k prior to income tax
#Jason Bourne on Apr 22, 2018 :
Hello, I’m thinking about moving to Taiwan for a dive instructor job. Would anyone have a guesstamite of the average pay? Any other information about procedures of moving to Taiwan (of course I’ll use google or something too). Any information would be much appreciated.
#Anonymous on Apr 21, 2018 :
I pay 15% income tax in Taiwan on my hard earned salary and you complain about your TINY 0.3% transaction tax.

What a joke!
#Anonymous on Apr 19, 2018 :
The tax of stock trading in Taiwan is 0.3 percent which is pretty expensive. There were no tax during president Chen, but burdensome tax was added to the stock exchange during ignorant president Ma which resulted his party, Kuomintang KMT being rejected by Taiwanese through the vote. Hope president Tsai from the democratic party learn from the KMT doom and instantly rectify and remove the mistake of KMT regarding the unnecessary stock trading tax.
Hope president Tsai also remove service fee collected from the trading center for all making of losing stock trading, even paying higher fee for making of winning stock trading is not an issue.
Please remember that government should serve people so government should not add burden to the people in the first place.
#Taipeir on Apr 10, 2018 :
Taipei city and New Taipei city have quite a gap in incomes. Most people who work in Taipei city commute from outside Taipei city. So that skews all the income stats.

Also older people and govt workers tend to get paid better than younger people or private sector workers. Many govt workers receive generous pensions. Also Taipei city has many rich business people and property owners. It skews the numbers.

According to govt stats Taipei city median earnings are around 47000 ntd per month.

Outside Taipei city earnings drop a lot except for Hsinchu science park.

Basically professional managerial types get a range of 50 to 70k basic here.Of course accountants doctors and lawyers general managers and some engineers earn a lot more than that.
#TpeBoy on Mar 26, 2018 :
I think is many rich people in Taipei make the number higher. Most people dont make 70k.
#TpeBoy on Mar 26, 2018 :
70k after taxes is way too high! I've lived in Taipei for 30 years. I call lie
#anyaheather on Mar 20, 2018 :
Btw, in the comment section of every city there are people claming that the salary is too high. I saw quite a few for Paris. Their proof? Personal anecdotes. "EVERYONE I KNOW MAKES 1.2K - 1.5K IN PARIS!!!!!!!".

You are basically one of them.