Cost of living comparison
Taipei is 9.0% cheaper than Madrid.
If you lived in Taipei instead of Madrid, you would:
pay 58.3% less for restaurants
|
Madrid
|
Taipei
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.16
€13.94
|
$6.22
NT$198.77
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.32
€9.49
|
$4.98
NT$159.01
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.71
€2.49
|
$1.03
NT$32.82
|
|
| Bottle of water (11 fl. oz) |
$1.81
€1.66
|
$0.72
NT$22.86
|
|
pay 39.6% more for groceries
|
Madrid
|
Taipei
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.74
€1.60
|
$1.88
NT$60.17
|
|
| Local cheese (8 oz) |
$7.67
€7.05
|
$7.75
NT$247.43
|
|
| Milk (1 gallon) |
$4.36
€4.01
|
$11.33
NT$362.01
|
|
|
Eggs
1 dozen
|
$3.02
€2.77
|
$2.84
NT$90.60
|
|
| Boneless chicken breast (1 lb) |
$3.87
€3.56
|
$4.13
NT$131.75
|
|
| Apples (1 lb) |
$1.14
€1.05
|
$2.07
NT$66.04
|
|
| Bananas (1 lb) |
$0.89
€0.82
|
$1.01
NT$32.26
|
|
| Oranges (1 lb) |
$0.97
€0.89
|
$1.18
NT$37.67
|
|
| Tomatoes (1 lb) |
$1.13
€1.04
|
$1.49
NT$47.59
|
|
| Potatoes (1 lb) |
$0.72
€0.67
|
$1.24
NT$39.59
|
|
| Onions (1 lb) |
$0.77
€0.71
|
$1.12
NT$35.85
|
|
pay 32.2% less for transportation
|
Madrid
|
Taipei
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.78
€6.24
|
$3.71
NT$118.48
|
|
| Monthly public transit pass |
$54.15
€49.79
|
$37.34
NT$1,192.59
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,133.87
€33,228.09
|
$31,397.60
NT$1,002,770.21
|
|
| Taxi trip in downtown area (5 miles) |
$14.65
€13.47
|
$8.87
NT$283.24
|
|
pay 41.5% less for housing
|
Madrid
|
Taipei
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$33.64
€30.93
|
$25.59
NT$817.13
|
|
| 1-Bedroom apartment in downtown area |
$1,370.72
€1,260.49
|
$662.03
NT$21,143.64
|
|
| 1-Bedroom apartment outside city center |
$989.21
€909.66
|
$504.69
NT$16,118.61
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$123.32
€113.40
|
$72.03
NT$2,300.34
|
|
pay 51.9% more for childcare
|
Madrid
|
Taipei
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$543.23
€499.54
|
$686.42
NT$21,922.63
|
|
| Middle school for 1 child, two semesters |
$9,978.95
€9,176.48
|
$17,703.28
NT$565,403.78
|
|
pay 14.3% less for entertainment and sports
|
Madrid
|
Taipei
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.79
€3.49
|
$2.49
NT$79.51
|
|
| Cappuccino in mid-range area |
$2.63
€2.41
|
$3.49
NT$111.52
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.12
€5.63
|
$3.89
NT$124.23
|
|
| Monthly membership at local gym |
$48.46
€44.57
|
$38.67
NT$1,235.09
|
|
| Movie ticket to theater/cinema |
$10.83
€9.96
|
$9.34
NT$298.15
|
|
pay 7.9% less for clothing
|
Madrid
|
Taipei
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$83.95
€77.20
|
$62.24
NT$1,987.65
|
|
|
Regular dress
from H&M or similar store
|
$33.93
€31.20
|
$30.20
NT$964.65
|
|
|
Running shoes
Nike or Adidas
|
$87.19
€80.18
|
$88.35
NT$2,821.60
|
|
| Men's business shoes (leather) |
$99.93
€91.90
|
$103.73
NT$3,312.75
|
|
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