Cost of living comparison

Taipei, Taiwan

compared to

Reykjavik, Iceland

Reykjavik vs. Taipei Cost of Living Summary

Reykjavik is 99.6% more expensive than Taipei.

Restaurants: pay 3.3 times more in Reykjavik
Groceries: pay 25.2% more in Reykjavik
Transportation: pay 2.1 times more in Reykjavik
Housing: pay 2.7 times more in Reykjavik
Childcare: pay 63.0% less in Reykjavik
Entertainment and Sports: pay 2.5 times more in Reykjavik
Clothing: pay 80.0% more in Reykjavik

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

Reykjavik vs. Taipei Cost Breakdown

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

Display currency: USD

pay 3.3 times more for restaurants

	Taipei	Reykjavik
Basic meal with drink at inexpensive restaurant	$6.18 NT$201.27	$20.00 ISK2,557	+223.4%
Fast food combo meal McDonalds, or similar	$5.01 NT$163.03	$18.02 ISK2,304	+259.7%
Bottle of Coca-Cola (11 fl. oz)	$1.00 NT$32.69	$3.15 ISK403	+214.0%
Bottle of water (11 fl. oz)	$0.68 NT$22.11	$2.19 ISK279	+221.7%
Average			+229.7%

Taipei vs. Reykjavik - Cost of restaurants

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pay 25.2% more for groceries

	Taipei	Reykjavik
Bread 1 loaf	$1.86 NT$60.50	$3.61 ISK462	+94.3%
Local cheese (8 oz)	$8.37 NT$272.61	$7.76 ISK992	-7.4%
Milk (1 gallon)	$10.77 NT$350.60	$6.40 ISK819	-40.5%
Eggs 1 dozen	$2.72 NT$88.46	$5.76 ISK736	+111.8%
Boneless chicken breast (1 lb)	$4.37 NT$142.12	$9.45 ISK1,208	+116.4%
Apples (1 lb)	$2.06 NT$67.13	$1.40 ISK179	-32.0%
Bananas (1 lb)	$1.01 NT$32.98	$1.01 ISK129	-0.4%
Oranges (1 lb)	$1.25 NT$40.59	$1.22 ISK156	-2.4%
Tomatoes (1 lb)	$1.56 NT$50.62	$2.22 ISK284	+43.0%
Potatoes (1 lb)	$1.30 NT$42.29	$1.43 ISK183	+10.4%
Onions (1 lb)	$1.11 NT$36.13	$0.93 ISK119	-15.9%
Average			+25.2%

Taipei vs. Reykjavik - Cost of groceries

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pay 2.1 times more for transportation

	Taipei	Reykjavik
Gasoline (1 gallon)	$3.68 NT$119.94	$8.50 ISK1,087	+130.7%
Monthly public transit pass	$37.10 NT$1,207.65	$74.95 ISK9,583	+102.0%
New Volkswagen Golf 1.4 (standard edition)	$34,750.62 NT$1,131,163.80	$42,450.45 ISK5,427,290	+22.2%
Taxi trip in downtown area (5 miles)	$8.81 NT$286.82	$24.05 ISK3,075	+172.9%
Average			+107.0%

Taipei vs. Reykjavik - Cost of transportation

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pay 2.7 times more for housing

	Taipei	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$24.04 NT$782.47	$69.87 ISK8,932	+190.6%
1-Bedroom apartment in downtown area	$630.95 NT$20,537.96	$1,971.17 ISK252,014	+212.4%
1-Bedroom apartment outside city center	$465.35 NT$15,147.66	$1,803.44 ISK230,570	+287.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$63.62 NT$2,070.90	$53.95 ISK6,898	-15.2%
Average			+168.8%

Taipei vs. Reykjavik - Cost of housing

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pay 63.0% less for childcare

	Taipei	Reykjavik
Private preschool for 1 child, monthly	$610.09 NT$19,859.10	$252.14 ISK32,236	-58.7%
Middle school for 1 child, two semesters	$18,275.33 NT$594,878.55	$5,993.99 ISK766,332	-67.2%
Average			-63.0%

Taipei vs. Reykjavik - Cost of childcare

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pay 2.5 times more for entertainment and sports

	Taipei	Reykjavik
Domestic/local beer (1 pint)	$2.63 NT$85.54	$10.81 ISK1,382	+311.4%
Cappuccino in mid-range area	$3.05 NT$99.20	$5.31 ISK678	+74.1%
Pack of cigarettes Marlboro or similar	$3.71 NT$120.76	$12.25 ISK1,566	+230.1%
Monthly membership at local gym	$38.32 NT$1,247.23	$69.95 ISK8,943	+82.6%
Movie ticket to theater/cinema	$9.89 NT$322.04	$14.77 ISK1,889	+49.3%
Average			+149.5%

Taipei vs. Reykjavik - Cost of entertainment and sports

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pay 80.0% more for clothing

	Taipei	Reykjavik
Regular jeans Levi's brand	$56.02 NT$1,823.55	$108.97 ISK13,932	+94.5%
Regular dress from H&M or similar store	$31.15 NT$1,014.07	$49.72 ISK6,357	+59.6%
Running shoes Nike or Adidas	$85.26 NT$2,775.27	$151.85 ISK19,415	+78.1%
Men's business shoes (leather)	$103.43 NT$3,366.78	$194.16 ISK24,823	+87.7%
Average			+80.0%

Taipei 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: April 2025

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