Taipei is the largest city in Taiwan and is the de facto capital of the Republic of China. As the capital of the Republic of China, Taipei has been at the centre of rapid economic development in the country and has now become one of the global cities in the production of high technology and its components. Taiwan is in Eastern Asia, and comprises islands bordering the East China Sea, Philippine Sea, South China Sea, and Taiwan Strait, north of the Philippines, off the south-eastern coast of China. The climate is tropical marine with a rainy monsoon season (June to August) and persistent and extensive cloudiness all year. The official language is Mandarin Chinese. Many people also speak Taiwanese and one or two other local dialects. Many Taiwanese business people have travelled to Hong Kong or the US and speak good English, but it is unwise to assume that a Taiwanese business partner will speak English, and it is worth picking up a few phrases of Chinese. The main religions are Taoism, Buddhism and Christianity. The economy of Taiwan is a dynamic capitalist economy. Real growth in GDP has averaged about 8% during the past three decades. The service sector makes up 73% of the economy. Expatriate business dress is conservative. The security risk for expatriates in Taiwan is low. Risks include low levels of petty crime. Other risks include earthquakes, flooding and landslides. The currency of Taiwan is the Taiwan Dollar (TWD). While ATMs are available not all international cards are accepted. Major credit cards are accepted at most shops and restaurants. Medical facilities are adequate for routine, emergency and outpatient treatment. The cost of treatment for expatriates can be high. Any medical treatment is required to be paid for on a cash basis. Cases of dengue fever have been reported. The population of Taipei is 8.5 Million (Urban) (2019 est.), while the inflation rate (CPI) is 0.39% for Taiwan as at October 2019. Xpatulator Hypothetical Tax for Taiwan is based on the current personal income tax rates which are progressive up to 40%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Taipei is as follows: Taipei as at 1 October 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$710 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$950 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$182 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$21300 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1600 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$960 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$860 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$5300 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$480 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$275 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$380 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$600 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$800 Taipei is 49.4% more expensive than Houston TX for groceries, 147.7% more expensive for household costs than Kuala Lumpur, and 35% more expensive for transport costs than Dubai. The hardship premium for Taipei for an expat from Perth, is for example 10%, i.e. host location (Taipei) premium of 20% minus home (Perth) location premium of 10%. Taipei is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Taipei? Register subscribe to your home location and Taipei and run your personalised reports.