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Taipei households rank as top spenders in Taiwan

2019/08/24 17:40:25

Taipei, Aug. 24 (CNA) Taipei led Taiwan in average household spending in 2018 and was the only city or county in which it exceeded NT$1 million (US$31,847), a recent survey released by the Directorate General of Budget, Accounting and Statistics (DGBAS) showed.

The survey found that households in Taipei spent an average of NT$1.083 million last year, ahead of Hsinchu City (NT$956,393) and Hsinchu County (NT$945,759), where many employees of large tech companies located in the Hsinchu Science Park live.

In terms of the six largest cities in Taiwan, Taoyuan came in second behind Taipei in average household spending at NT$901,666, followed by Taichung at NT$865,525, New Taipei at NT$820,520, Kaohsiung at NT$793,253, and Tainan at NT$717,367, according to the survey.

The DGBAS said Taipei's average household spending was more than double that of Taitung County, where households spent less on average than anywhere else at NT$534,302.

Household spending in all of Taiwan averaged about NT$811,000 in 2018, little changed from a year earlier, while average household savings reached NT$225,000, up 8.5 percent from a year earlier, the figures showed.

Housing expenses, including utilities and natural gas, were the biggest expense of families around Taiwan, averaging NT$194,288 in 2018, with Taipei households spending the most at NT$310,679.

Households in Taoyuan (NT$218,630) and New Taipei (NT$218,126) were the next highest spenders in this category while Tainan households (NT$156,037) spent the least among the six major cities.

Medical care was another major expense, averaging NT$129,000 per household around Taiwan and NT$150,546 per household in Taipei. Households in Tainan (NT$124,876) and Taoyuan (NT$116,632) spent the least on average on medical care among the six major cities.

The other major spending category identified by the survey was leisure, whether going to a restaurant or staying at a hotel.

Taiwanese households averaged NT$99,978 in spending in this category, with households in Kaohsiung (NT$119,696) and Taichung (NT$115,720) spending the most, followed by Taipei (NT$112,002) in 2018.

The average disposable income for households in Taiwan in 2018 rose NT$17,363, or 1.7 percent, from a year earlier to NT$1.036 million, the DGBAS said.

(By Pan Tsu-yu and Frances Huang)
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