"More than 50 percent of Taiwanese in their 30s are either underemployed or heavily in debt, a survey released by 1111 Job Bank on July 12 showed.
The poll found that the average monthly starting salary for people in their thirties was NT$25,930, but 41.76 percent of their salaries was used to pay off debt, and a higher percentage in high-cost areas such as Taipei. Average salaries in Taipei are lower than those in many major Asian cities, even though Taipei’s cost of living is not much lower.
In Tokyo, the average monthly rent for a modest one-bedroom apartment within a short distance of downtown is ￥112,307.69 (NT$30,918), compared with NT$18,982.46 in downtown Taipei. Monthly utilities in Tokyo for an 85m2 apartment are ￥21,646.22 (NT$5,959), compared with NT$2,639.16 in Taipei. However, while rent in Tokyo is 1.7 times as high as in Taipei and utility costs are 2.27 times higher, the average starting (post-tax) salary in Tokyo is ￥332,402.33 (NT$91,509), 3.5 times as high as in Taipei."