Cost of living comparison

New Taipei City, Taiwan

compared to

Reykjavik, Iceland

Reykjavik vs. New Taipei City Cost of Living Summary

Reykjavik is 2.2 times more expensive than New Taipei City.

Restaurants: pay 3.6 times more in Reykjavik
Groceries: pay 55.8% more in Reykjavik
Transportation: pay 2.1 times more in Reykjavik
Housing: pay 3.1 times more in Reykjavik
Childcare: pay 52.4% less in Reykjavik
Entertainment and Sports: pay 2.7 times more in Reykjavik
Clothing: pay 67.4% more in Reykjavik

The cost of restaurants, housing, entertainment and sports, transportation, clothing, and groceries in Reykjavik are more expensive than in New Taipei City. Notably, restaurants, housing, and entertainment and sports are significantly more expensive in Reykjavik.

Reykjavik vs. New Taipei City Cost Breakdown

If you lived in Reykjavik instead of New Taipei City, you would:

Display currency: USD

pay 3.6 times more for restaurants

	New Taipei City	Reykjavik
Basic meal with drink at inexpensive restaurant	$4.64 NT$138.81	$20.00 ISK2,527	+331.3%
Fast food combo meal McDonalds, or similar	$5.01 NT$149.92	$18.02 ISK2,277	+259.7%
Bottle of Coca-Cola (11 fl. oz)	$1.00 NT$30.06	$3.15 ISK399	+214.0%
Bottle of water (11 fl. oz)	$0.67 NT$20.05	$2.19 ISK276	+226.2%
Average			+257.8%

New Taipei City vs. Reykjavik - Cost of restaurants

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pay 55.8% more for groceries

	New Taipei City	Reykjavik
Bread 1 loaf	$1.86 NT$55.63	$3.61 ISK456	+94.3%
Local cheese (8 oz)	$8.37 NT$250.68	$7.76 ISK980	-7.4%
Milk (1 gallon)	$11.57 NT$346.37	$6.40 ISK809	-44.7%
Eggs 1 dozen	$2.79 NT$83.54	$5.76 ISK727	+106.3%
Boneless chicken breast (1 lb)	$3.56 NT$106.62	$9.45 ISK1,194	+165.2%
Apples (1 lb)	$2.06 NT$61.73	$1.40 ISK177	-32.0%
Bananas (1 lb)	$0.74 NT$22.04	$1.01 ISK128	+37.1%
Oranges (1 lb)	$0.63 NT$18.78	$1.22 ISK154	+94.0%
Tomatoes (1 lb)	$0.97 NT$29.17	$2.22 ISK281	+128.2%
Potatoes (1 lb)	$1.24 NT$37.25	$1.43 ISK181	+15.3%
Onions (1 lb)	$0.59 NT$17.74	$0.93 ISK118	+57.6%
Average			+55.8%

New Taipei City vs. Reykjavik - Cost of groceries

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pay 2.1 times more for transportation

	New Taipei City	Reykjavik
Gasoline (1 gallon)	$3.61 NT$108.01	$8.50 ISK1,074	+135.6%
Monthly public transit pass	$37.10 NT$1,110.52	$74.95 ISK9,472	+102.0%
New Volkswagen Golf 1.4 (standard edition)	$34,750.62 NT$1,040,186.69	$42,450.45 ISK5,364,463	+22.2%
Taxi trip in downtown area (5 miles)	$8.81 NT$263.75	$24.05 ISK3,039	+172.9%
Average			+108.2%

New Taipei City vs. Reykjavik - Cost of transportation

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pay 3.1 times more for housing

	New Taipei City	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$23.90 NT$715.36	$69.87 ISK8,829	+192.3%
1-Bedroom apartment in downtown area	$521.47 NT$15,609.18	$1,971.17 ISK249,097	+278.0%
1-Bedroom apartment outside city center	$368.69 NT$11,035.97	$1,803.44 ISK227,901	+389.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$63.62 NT$1,904.34	$53.95 ISK6,818	-15.2%
Average			+211.1%

New Taipei City vs. Reykjavik - Cost of housing

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pay 52.4% less for childcare

	New Taipei City	Reykjavik
Private preschool for 1 child, monthly	$494.67 NT$14,806.93	$252.14 ISK31,863	-49.0%
Middle school for 1 child, two semesters	$13,526.15 NT$404,876.94	$5,993.99 ISK757,461	-55.7%
Average			-52.4%

New Taipei City vs. Reykjavik - Cost of childcare

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pay 2.7 times more for entertainment and sports

	New Taipei City	Reykjavik
Domestic/local beer (1 pint)	$2.47 NT$74.03	$10.81 ISK1,366	+337.1%
Cappuccino in mid-range area	$2.67 NT$79.82	$5.31 ISK670	+99.0%
Pack of cigarettes Marlboro or similar	$3.56 NT$106.42	$12.25 ISK1,547	+244.4%
Monthly membership at local gym	$29.30 NT$877.16	$69.95 ISK8,839	+138.7%
Movie ticket to theater/cinema	$9.89 NT$296.14	$14.77 ISK1,867	+49.3%
Average			+173.7%

New Taipei City vs. Reykjavik - Cost of entertainment and sports

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pay 67.4% more for clothing

	New Taipei City	Reykjavik
Regular jeans Levi's brand	$66.16 NT$1,980.24	$108.97 ISK13,771	+64.7%
Regular dress from H&M or similar store	$31.15 NT$932.51	$49.72 ISK6,283	+59.6%
Running shoes Nike or Adidas	$86.57 NT$2,591.21	$151.85 ISK19,190	+75.4%
Men's business shoes (leather)	$114.39 NT$3,424.10	$194.16 ISK24,536	+69.7%
Average			+67.4%

New Taipei City vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

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