Average Salary in Taiwan 2024

Unveiling Taiwan's Salary Landscape: Pay Scale, Wage Gap, Yearly Increments, and more. This comprehensive article provides insights into Taiwan's salary structure, highlighting the pay scale, wage gap, and yearly increments across industries. Analyzing the breakdown based on education level and years of experience, this informative read sheds light on the factors influencing salary discrepancies. Explore the intricacies of Taiwan's salary system and gain valuable knowledge on optimizing earnings and bridging the wage gap. Dive into this insightful resource today!
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Taiwan in 2024?

What is the average salary in Taiwan in 2024?
1,700USD
(USD 20,300 yearly)
Low 760 USD
Average 1,700 USD
High 7,500 USD
A person working in Taiwan typically earns around USD 1,700 per month. Salaries range from USD 760 (lowest average) to USD 7,500 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Taiwan in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. A detailed comparison of 2023 and 2024 will be available at the end of the year.

Pay Scale and Salaries in Taiwan

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 7,500, 75% of the people earn USD 2,400 or less. 50% employees earn less USD 1,700 or less, 25% of the employees earn less than USD 1,300.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 7,500, 75% of the people earn USD 2,400 or less. 50% employees earn less USD 1,700 or less, 25% of the employees earn less than USD 1,300.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Taiwan the minimum salary is USD 760.

Median Salary

In Taiwan, the median salary is USD 1,400, which represents the middle point of all salaries in a dataset, with half of the values above and half below it. This measurement provides a more balanced view of income distribution and is commonly used to gauge average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Taiwan the salary ranges from USD 760 to USD 7,500.

Annual Salary Increments in Taiwan

What is the average annual salary increment in the Taiwan? How frequently do employees receive salary raises?

Employees in Taiwan experienced an average salary increase of 0.9% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Taiwan witnessed an average salary growth of 0.9%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Taiwan

On average, employees in Taiwan experienced a salary increase ranging from 0.9% to 7.9% per year in recent years. This translates to an average increment of 3.4% per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Taiwan received in recent years salary increase from 0.9% to 7.9% on average per year. It means 3.4% increment per year on average.

Salary Forecast and Trends for the Future in Taiwan

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.8%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.8%.

Gender Wage Gap in Taiwan

What is the difference in pay between mens and womens? Men vs. women salary comparison.

In Taiwan, the actual wage gap amounts to 11.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Taiwan has an actual wage gap of 11.0%.
It's due to many factors, such as:
  • Gender disparity.
  • On average, women take 10% extra days off as paid vacation annually in comparison to men.
  • Men are more inclined than women to possess a college degree.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to full-time positions.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, cultivates critical thinking skills, and provides the chance to specialize in a specific area of interest. Additionally, it facilitates valuable networking opportunities and fosters the development of a global mindset. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. illustrates a profound commitment to expanding human understanding and forging a transformative and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 6%-10%. Expertise and leadership bring higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 6%-10%. Expertise and leadership earn higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Taiwan

What is the average hourly wage in the Taiwan?

Average Hourly Wage
10USD
Low 5 USD
Average 10 USD
High 44 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks normally affiliated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Job insecurity can be higher in hourly positions compared to salaried positions due to susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: There are instances where hourly employment offers restricted opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Taiwan

What are the best paying jobs in Taiwan?

List with best paid jobs in TaiwanDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Taiwan?

  1. Surgeon (USD 7,400)
  2. Doctor (USD 6,700)
  3. Chief Executive Officer (CEO) (USD 6,400)
  4. Registered Nurse Anesthetist (USD 6,200)
  5. Dentist (USD 6,000)
  6. Airline Pilot (USD 5,800)
  7. Intellectual Property Lawyer (USD 5,600)
  8. Marketing Manager (USD 4,900)
  9. Marketing Director (USD 4,900)
  10. Sales Director (USD 4,600)
  11. Sales Manager (USD 4,600)
  12. Petroleum Engineer (USD 4,600)
  13. Brand Manager (USD 4,500)
  14. Marketer (USD 4,500)
  15. Judge (USD 4,400)
  16. Treasurer (USD 4,400)
  17. Controller (USD 4,400)
  18. Pharmacist (USD 4,300)
  19. Tax Lawyer (USD 4,200)
  20. Lawyer (USD 4,200)
List with worst paid jobs in TaiwanDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Taiwan?

  1. Cashier (USD 800)
  2. Childcare Worker (USD 840)
  3. Stock clerk (USD 850)
  4. Elder Care Worker (USD 860)
  5. Receptionist (USD 890)
  6. Bartender (USD 960)
  7. Food and beverage server (USD 970)
  8. Janitor (USD 980)
  9. Waiter (USD 990)
  10. Tour Guide (USD 1,000)
  11. Customer Service Representative (USD 1,200)
  12. Hotel Concierge (USD 1,300)
  13. Rehabilitation Counselor (USD 1,300)
  14. Travel Agent (USD 1,400)
  15. Secretary (USD 1,400)
  16. Painter (USD 1,500)
  17. Carpenter (USD 1,500)
  18. Bus Driver (USD 1,500)
  19. Artist (USD 1,600)
  20. Truck Driver (USD 1,600)
List with best paid industries in TaiwanDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 4,800)
  2. Business and Management (USD 4,000)
  3. Marketing and Sales (USD 3,700)
  4. Engineering (USD 3,400)
  5. Law (USD 3,300)
  6. Accounting and Finance (USD 3,200)
  7. Computer and Information Technology (USD 3,200)
  8. Transportation and Logistics (USD 3,100)
  9. Science (USD 3,100)
  10. Education and Training (USD 2,600)
  11. Other (USD 1,900)
  12. Hospitality and Tourism (USD 1,600)
  13. Social Services (USD 1,300)
  14. Services (USD 1,200)