Cost of living comparison
Taipei is 13.2% cheaper than Reykjavik.
- Restaurants
-
pay 69.6% less in Taipei
- Groceries
-
pay 4.5% less in Taipei
- Transportation
-
pay 47.2% less in Taipei
- Housing
-
pay 47.5% less in Taipei
- Childcare
-
pay 2.7 times more in Taipei
- Entertainment and Sports
-
pay 53.2% less in Taipei
- Clothing
-
pay 44.1% less in Taipei
Expenses including restaurants, entertainment and sports, housing, transportation, clothing, and groceries are lower in Taipei. Notably, childcare is significantly more expensive in Taipei.
If you lived in Taipei instead of Reykjavik, you would:
pay 69.6% less for restaurants
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,545
|
$6.18
NT$184.99
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,293
|
$5.01
NT$149.84
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK401
|
$1.00
NT$30.05
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK278
|
$0.68
NT$20.32
|
|
pay 4.5% less for groceries
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK459
|
$1.86
NT$55.60
|
|
| Local cheese (8 oz) |
$7.76
ISK987
|
$8.37
NT$250.55
|
|
| Milk (1 gallon) |
$6.40
ISK815
|
$10.77
NT$322.22
|
|
|
Eggs
1 dozen
|
$5.76
ISK733
|
$2.72
NT$81.30
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,202
|
$4.37
NT$130.62
|
|
| Apples (1 lb) |
$1.40
ISK178
|
$2.06
NT$61.69
|
|
| Bananas (1 lb) |
$1.01
ISK128
|
$1.01
NT$30.31
|
|
| Oranges (1 lb) |
$1.22
ISK155
|
$1.25
NT$37.30
|
|
| Tomatoes (1 lb) |
$2.22
ISK283
|
$1.56
NT$46.52
|
|
| Potatoes (1 lb) |
$1.43
ISK183
|
$1.30
NT$38.87
|
|
| Onions (1 lb) |
$0.93
ISK119
|
$1.11
NT$33.21
|
|
pay 47.2% less for transportation
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,082
|
$3.68
NT$110.23
|
|
| Monthly public transit pass |
$74.95
ISK9,538
|
$37.10
NT$1,109.91
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,401,820
|
$34,750.62
NT$1,039,616.75
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,060
|
$8.81
NT$263.60
|
|
pay 47.5% less for housing
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK8,890
|
$24.04
NT$719.15
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK250,832
|
$630.95
NT$18,875.79
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK229,488
|
$465.35
NT$13,921.73
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK6,866
|
$63.62
NT$1,903.30
|
|
pay 2.7 times more for childcare
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK32,085
|
$610.09
NT$18,251.87
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK762,736
|
$18,275.33
NT$546,734.00
|
|
pay 53.2% less for entertainment and sports
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,376
|
$2.63
NT$78.62
|
|
| Cappuccino in mid-range area |
$5.31
ISK675
|
$3.05
NT$91.17
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,558
|
$3.71
NT$110.99
|
|
| Monthly membership at local gym |
$69.95
ISK8,901
|
$38.32
NT$1,146.29
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,880
|
$9.89
NT$295.98
|
|
pay 44.1% less for clothing
|
Reykjavik
|
Taipei
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK13,867
|
$56.02
NT$1,675.97
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,327
|
$31.15
NT$932.00
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,323
|
$85.26
NT$2,550.66
|
|
| Men's business shoes (leather) |
$194.16
ISK24,707
|
$103.43
NT$3,094.30
|
|
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