Cost of living comparison
Taiwan is 24.7% cheaper than Iceland overall.
- Restaurants
-
pay 71.5% less in Taiwan
- Groceries
-
pay 6.0% less in Taiwan
- Transportation
-
pay 44.8% less in Taiwan
- Housing
-
pay 60.5% less in Taiwan
- Childcare
-
pay 2.1 times more in Taiwan
- Entertainment and Sports
-
pay 53.9% less in Taiwan
- Clothing
-
pay 48.6% less in Taiwan
Expenses including restaurants, housing, entertainment and sports, clothing, transportation, and groceries are lower in Taiwan. Notably, childcare is significantly more expensive in Taiwan.
If you lived in Taiwan instead of Iceland, you would:
pay 71.5% less for restaurants
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,564
|
$4.21
NT$139.58
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,239
|
$4.80
NT$159.33
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK372
|
$0.95
NT$31.46
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK267
|
$0.61
NT$20.25
|
|
pay 6.0% less for groceries
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK390
|
$1.76
NT$58.46
|
|
| Local cheese (8 oz) |
$7.27
ISK960
|
$7.11
NT$236.03
|
|
| Milk (1 gallon) |
$6.01
ISK794
|
$11.33
NT$375.97
|
|
|
Eggs
1 dozen
|
$5.42
ISK716
|
$2.53
NT$84.06
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,124
|
$3.21
NT$106.51
|
|
| Apples (1 lb) |
$1.22
ISK162
|
$1.77
NT$58.80
|
|
| Bananas (1 lb) |
$1.03
ISK136
|
$0.80
NT$26.51
|
|
| Oranges (1 lb) |
$1.17
ISK155
|
$1.10
NT$36.38
|
|
| Tomatoes (1 lb) |
$1.87
ISK248
|
$1.27
NT$42.04
|
|
| Potatoes (1 lb) |
$1.23
ISK163
|
$1.21
NT$40.09
|
|
| Onions (1 lb) |
$0.78
ISK104
|
$0.96
NT$31.75
|
|
pay 44.8% less for transportation
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,105
|
$3.59
NT$119.13
|
|
| Monthly public transit pass |
$71.28
ISK9,422
|
$37.87
NT$1,256.84
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,374,526
|
$33,524.98
NT$1,112,620.34
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,913
|
$9.35
NT$310.19
|
|
pay 60.5% less for housing
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,540
|
$18.76
NT$622.66
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK242,952
|
$386.89
NT$12,840.14
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK197,975
|
$269.95
NT$8,959.01
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,668
|
$54.00
NT$1,792.19
|
|
pay 2.1 times more for childcare
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK34,124
|
$472.11
NT$15,668.25
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK792,286
|
$14,471.45
NT$480,275.54
|
|
pay 53.9% less for entertainment and sports
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,214
|
$1.82
NT$60.43
|
|
| Cappuccino in mid-range area |
$4.65
ISK614
|
$2.59
NT$85.97
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,554
|
$4.00
NT$132.66
|
|
| Monthly membership at local gym |
$61.46
ISK8,124
|
$34.52
NT$1,145.63
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,897
|
$9.29
NT$308.19
|
|
pay 48.6% less for clothing
|
Iceland
|
Taiwan
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,702
|
$63.92
NT$2,121.48
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,890
|
$28.11
NT$932.96
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,563
|
$76.13
NT$2,526.55
|
|
| Men's business shoes (leather) |
$184.49
ISK24,386
|
$91.74
NT$3,044.55
|
|
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