Cost of living comparison
Iceland is 2.2 times more expensive than Taiwan.
If you lived in Iceland instead of Taiwan, you would:
pay 3.6 times more for restaurants
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.21
NT$137.24
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.80
NT$156.66
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.95
NT$30.93
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$0.61
NT$19.91
|
$2.02
ISK281
|
|
pay 30.8% more for groceries
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.76
NT$57.48
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$7.11
NT$232.07
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$11.33
NT$369.66
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$2.53
NT$82.65
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$3.21
NT$104.73
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$1.77
NT$57.81
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.80
NT$26.07
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.10
NT$35.77
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$1.27
NT$41.34
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$1.21
NT$39.42
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.96
NT$31.22
|
$0.78
ISK109
|
|
pay 94.6% more for transportation
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.59
NT$117.13
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$37.87
NT$1,235.75
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,524.98
NT$1,093,953.63
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$9.35
NT$304.98
|
$22.04
ISK3,066
|
|
pay 3.8 times more for housing
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$18.76
NT$612.22
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$386.89
NT$12,624.72
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$269.95
NT$8,808.70
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$54.00
NT$1,762.13
|
$58.01
ISK8,072
|
|
pay 52.0% less for childcare
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$472.11
NT$15,405.38
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$14,471.45
NT$472,217.83
|
$5,993.99
ISK833,944
|
|
pay 2.6 times more for entertainment and sports
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.82
NT$59.41
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$2.59
NT$84.53
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.00
NT$130.43
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$34.52
NT$1,126.41
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$9.29
NT$303.02
|
$14.35
ISK1,996
|
|
pay 95.5% more for clothing
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$63.92
NT$2,085.89
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$28.11
NT$917.31
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$76.13
NT$2,484.16
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$91.74
NT$2,993.47
|
$184.49
ISK25,669
|
|
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