Cost of living comparison

compared to

Taiwan vs. Reykjavik Cost of Living Summary

Taiwan is 26.6% cheaper than Reykjavik.

Restaurants: pay 73.6% less in Taiwan
Groceries: pay 15.1% less in Taiwan
Transportation: pay 47.4% less in Taiwan
Housing: pay 59.6% less in Taiwan
Childcare: pay 2.1 times more in Taiwan
Entertainment and Sports: pay 57.9% less in Taiwan
Clothing: pay 46.9% less in Taiwan

Expenses including restaurants, housing, entertainment and sports, transportation, clothing, and groceries are lower in Taiwan. Notably, childcare is significantly more expensive in Taiwan.

Taiwan vs. Reykjavik Cost Breakdown

If you lived in Taiwan instead of Reykjavik, you would:

Display currency: USD

pay 73.6% less for restaurants

	Reykjavik	Taiwan
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,796	$4.21 NT$138.49	-79.0%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,519	$4.80 NT$158.08	-73.4%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK441	$0.95 NT$31.21	-69.9%
Bottle of water (11 fl. oz)	$2.19 ISK305	$0.61 NT$20.09	-72.1%
Average			-73.6%

Reykjavik vs. Taiwan - Cost of restaurants

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pay 15.1% less for groceries

	Reykjavik	Taiwan
Bread 1 loaf	$3.61 ISK505	$1.76 NT$58.00	-51.2%
Local cheese (8 oz)	$7.76 ISK1,084	$7.11 NT$234.18	-8.3%
Milk (1 gallon)	$6.40 ISK895	$11.33 NT$373.02	+76.9%
Eggs 1 dozen	$5.76 ISK805	$2.53 NT$83.40	-56.0%
Boneless chicken breast (1 lb)	$9.45 ISK1,321	$3.21 NT$105.68	-66.0%
Apples (1 lb)	$1.40 ISK196	$1.77 NT$58.34	+26.3%
Bananas (1 lb)	$1.01 ISK141	$0.80 NT$26.30	-20.8%
Oranges (1 lb)	$1.22 ISK170	$1.10 NT$36.10	-10.0%
Tomatoes (1 lb)	$2.22 ISK311	$1.27 NT$41.71	-43.1%
Potatoes (1 lb)	$1.43 ISK201	$1.21 NT$39.78	-15.8%
Onions (1 lb)	$0.93 ISK131	$0.96 NT$31.50	+2.4%
Average			-15.1%

Reykjavik vs. Taiwan - Cost of groceries

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pay 47.4% less for transportation

	Reykjavik	Taiwan
Gasoline (1 gallon)	$8.50 ISK1,188	$3.59 NT$118.20	-57.8%
Monthly public transit pass	$74.95 ISK10,477	$37.87 NT$1,246.97	-49.5%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,933,724	$33,524.98 NT$1,103,887.09	-21.0%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,362	$9.35 NT$307.75	-61.1%
Average			-47.4%

Reykjavik vs. Taiwan - Cost of transportation

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pay 59.6% less for housing

	Reykjavik	Taiwan
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,766	$18.76 NT$617.78	-73.1%
1-Bedroom apartment in downtown area	$1,971.17 ISK275,530	$386.89 NT$12,739.36	-80.4%
1-Bedroom apartment outside city center	$1,803.44 ISK252,085	$269.95 NT$8,888.69	-85.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,542	$54.00 NT$1,778.13	+0.1%
Average			-59.6%

Reykjavik vs. Taiwan - Cost of housing

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pay 2.1 times more for childcare

	Reykjavik	Taiwan
Private preschool for 1 child, monthly	$252.14 ISK35,244	$472.11 NT$15,545.26	+87.2%
Middle school for 1 child, two semesters	$5,993.99 ISK837,840	$14,471.45 NT$476,505.72	+141.4%
Average			+114.3%

Reykjavik vs. Taiwan - Cost of childcare

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pay 57.9% less for entertainment and sports

	Reykjavik	Taiwan
Domestic/local beer (1 pint)	$10.81 ISK1,511	$1.82 NT$59.95	-83.2%
Cappuccino in mid-range area	$5.31 ISK742	$2.59 NT$85.30	-51.2%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,712	$4.00 NT$131.61	-67.4%
Monthly membership at local gym	$69.95 ISK9,777	$34.52 NT$1,136.64	-50.6%
Movie ticket to theater/cinema	$14.77 ISK2,065	$9.29 NT$305.77	-37.1%
Average			-57.9%

Reykjavik vs. Taiwan - Cost of entertainment and sports

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pay 46.9% less for clothing

	Reykjavik	Taiwan
Regular jeans Levi's brand	$108.97 ISK15,232	$63.92 NT$2,104.83	-41.3%
Regular dress from H&M or similar store	$49.72 ISK6,950	$28.11 NT$925.64	-43.5%
Running shoes Nike or Adidas	$151.85 ISK21,226	$76.13 NT$2,506.72	-49.9%
Men's business shoes (leather)	$194.16 ISK27,139	$91.74 NT$3,020.65	-52.8%
Average			-46.9%

Reykjavik vs. Taiwan - 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: January 2025

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