Taiwan's Average Annual Personal Income Hits Record NT$763,000

Taiwan's average annual personal income has hit a new high, reaching NT$763,000 (US$23,810) last year, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

This record income reflects broad-based earnings growth across all age demographics, fueled by robust economic expansion, a stable labor market, and increases in the minimum wage. The DGBAS survey indicated that individuals younger than 30 saw their average income rise by 5 percent to NT$587,000. Those aged 45 to 54 reported the highest average income at NT$982,000, marking a 4.03 percent increase from the previous year.

Household income also saw significant gains. Average household disposable income climbed 3.9 percent to NT$1.21 million, with the median increasing to NT$1.018 million. On a per capita basis, disposable income rose by 7.4 percent to NT$450,000 after adjusting for household size.

Geographically, Hsinchu City maintained its position as the region with the highest average household disposable income at NT$1.604 million, a 6.7 percent increase from the prior year. This strong performance is largely attributed to the city's thriving high-tech sector, particularly businesses centered around the Hsinchu Science Park, which have capitalized on growing opportunities in artificial intelligence. Neighboring Hsinchu County also saw a notable rise, overtaking Taipei to secure the second-highest regional income.

“

Continued economic growth, a stable labor market, lower unemployment and increases in the minimum wage helped lift incomes across all groups, although income growth remained stronger among the highest-income households than the lowest-income group.