Moving to Tokyo / Suitable salary

Post new topic

Member since 18 June 2012

martinauMember18 June 2012 02:05:47

Hi all,

I have been offered a very exciting job in Tokyo and am looking to move there shortly.
I currently live and work in Singapore, and am new to being an expat in Asia (Im 24yrs old).

I read that Tokyo is a very expensive city so just in terms of comparison I am being offered a salary of 65,000 USD which equates to 5.14037169millionJPY - how does this salary compare with living costs?

Also , what is the tax rate in Tokyo.

Any help would be GREATLY appreciated.

Thanks all.
M

Aurélie ViP

Member since 02 May 2012

Follow Expat blog on Facebook, Twitter and Google+

AurélieViP18 June 2012 05:23:58

22735

Hello martinau.

Welcome to Expat.com!

I hope you will soon get some responses from other members.

Aurélie

Manuchan Member

Member since 30 September 2009

ManuchanMember26 July 2012 06:14:19

Hello,
you'll see that the costs of living in Tokyo can be very different depending on where you live and how you live (i.e. lifestyle related).
Bear in mind that you've been offered a Gross Salary, at 5.1 M.JPY it means in Net:
income tax @ 10% - 97.500 deduction = 412.5000 JPY per year for income tax which is deducted directly by your employer.
This will give you a base Gross Salary of 390.625 JPY per month
then you'll have about 12% deduction for social security (retirement, unemployment and health insurance) this will leave you with about 343.750 JPY net per month. This is pretty good considering your age. You should not have too much trouble living if you follow the golden rule of the 3 thirds, 1/3 in rent, 1/3 for living, 1/3 saved. Saved for the Ward and Prefectural Tax which come the following year (at 6% and 4% each respectively).
PM me if you want more tips.

Articles to help you in your expat project in Tokyo

How to find a job in Tokyo
Tokyo is definitely the ideal place to find a job in Japan. This is where the headquarters of large corporations ...
The job market in Tokyo
Japan currently ranks as the fourth largest economy globally, behind the US, China, and Germany. Economic ...
The work culture in Tokyo
If you plan to work in Japan in general and Tokyo in particular, it is essential to understand local cultural ...
Internships in Japan
Are you dreaming of doing an internship in the Land of the Rising Sun but don't know how to go about it? You ...
Finding a job in Sendai
It is known as "the city of trees". Sendai, the capital of Miyagi Prefecture, is also the most populated ...
The Japanese labour market
Japan's labor market has gradually recovered after the pandemic. In 2023, the wage increase rate surpassed ...
Working in Japan
Thanks to its unique culture and developed economy, Japan has always been a dream destination for many of us. ...
Become a digital nomad in Japan
If you want to travel around Asia as a digital nomad, Japan should be at the top because it differs from its ...