Cost of living comparison

Reykjavik, Iceland

compared to

Taoyuan, Taiwan

Taoyuan vs. Reykjavik Cost of Living Summary

Taoyuan is 27.5% cheaper than Reykjavik.

Restaurants: pay 70.6% less in Taoyuan
Groceries: pay 26.5% less in Taoyuan
Transportation: pay 48.2% less in Taoyuan
Housing: pay 63.1% less in Taoyuan
Childcare: pay 2.2 times more in Taoyuan
Entertainment and Sports: pay 54.9% less in Taoyuan
Clothing: pay 47.5% less in Taoyuan

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

Taoyuan vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 70.6% less for restaurants

	Reykjavik	Taoyuan
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,493	$4.64 NT$137.04	-76.8%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,246	$5.57 NT$164.45	-69.1%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK393	$1.04 NT$30.61	-67.2%
Bottle of water (11 fl. oz)	$2.19 ISK272	$0.67 NT$19.79	-69.3%
Average			-70.6%

Reykjavik vs. Taoyuan - Cost of restaurants

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pay 26.5% less for groceries

	Reykjavik	Taoyuan
Bread 1 loaf	$3.61 ISK450	$1.30 NT$38.37	-64.0%
Local cheese (8 oz)	$7.76 ISK967	$4.10 NT$121.05	-47.2%
Milk (1 gallon)	$6.40 ISK798	$11.16 NT$329.84	+74.3%
Eggs 1 dozen	$5.76 ISK718	$2.13 NT$63.04	-62.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,178	$3.30 NT$97.52	-65.1%
Apples (1 lb)	$1.40 ISK175	$1.35 NT$39.92	-3.7%
Bananas (1 lb)	$1.01 ISK126	$0.80 NT$23.75	-20.4%
Oranges (1 lb)	$1.22 ISK152	$1.11 NT$32.74	-9.0%
Tomatoes (1 lb)	$2.22 ISK277	$1.23 NT$36.26	-44.8%
Potatoes (1 lb)	$1.43 ISK179	$0.98 NT$29.01	-31.6%
Onions (1 lb)	$0.93 ISK116	$0.77 NT$22.79	-17.4%
Average			-26.5%

Reykjavik vs. Taoyuan - Cost of groceries

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pay 48.2% less for transportation

	Reykjavik	Taoyuan
Gasoline (1 gallon)	$8.50 ISK1,060	$3.60 NT$106.40	-57.6%
Monthly public transit pass	$74.95 ISK9,343	$37.10 NT$1,096.31	-50.5%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,291,449	$33,081.10 NT$977,539.94	-22.1%
Taxi trip in downtown area (5 miles)	$24.05 ISK2,998	$8.97 NT$264.94	-62.7%
Average			-48.2%

Reykjavik vs. Taoyuan - Cost of transportation

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pay 63.1% less for housing

	Reykjavik	Taoyuan
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,709	$16.28 NT$480.99	-76.7%
1-Bedroom apartment in downtown area	$1,971.17 ISK245,706	$371.00 NT$10,963.06	-81.2%
1-Bedroom apartment outside city center	$1,803.44 ISK224,799	$267.95 NT$7,917.77	-85.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,725	$48.96 NT$1,446.74	-9.3%
Average			-63.1%

Reykjavik vs. Taoyuan - Cost of housing

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pay 2.2 times more for childcare

	Reykjavik	Taoyuan
Private preschool for 1 child, monthly	$252.14 ISK31,429	$525.59 NT$15,531.01	+108.5%
Middle school for 1 child, two semesters	$5,993.99 ISK747,151	$13,706.50 NT$405,024.34	+128.7%
Average			+118.6%

Reykjavik vs. Taoyuan - Cost of childcare

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pay 54.9% less for entertainment and sports

	Reykjavik	Taoyuan
Domestic/local beer (1 pint)	$10.81 ISK1,348	$1.51 NT$44.77	-86.0%
Cappuccino in mid-range area	$5.31 ISK661	$2.47 NT$73.09	-53.4%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,526	$5.87 NT$173.58	-52.0%
Monthly membership at local gym	$69.95 ISK8,719	$37.78 NT$1,116.41	-46.0%
Movie ticket to theater/cinema	$14.77 ISK1,842	$9.28 NT$274.08	-37.2%
Average			-54.9%

Reykjavik vs. Taoyuan - Cost of entertainment and sports

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pay 47.5% less for clothing

	Reykjavik	Taoyuan
Regular jeans Levi's brand	$108.97 ISK13,583	$74.20 NT$2,192.61	-31.9%
Regular dress from H&M or similar store	$49.72 ISK6,198	$21.64 NT$639.51	-56.5%
Running shoes Nike or Adidas	$151.85 ISK18,929	$76.52 NT$2,261.13	-49.6%
Men's business shoes (leather)	$194.16 ISK24,202	$92.75 NT$2,740.77	-52.2%
Average			-47.5%

Reykjavik vs. Taoyuan - 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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