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$137.04
|
$19.40
ISK2,709
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.80
NT$156.43
|
$16.94
ISK2,366
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.95
NT$30.88
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$0.61
NT$19.88
|
$2.02
ISK282
|
|
pay 30.8% more for groceries
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.76
NT$57.39
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$7.11
NT$231.74
|
$7.27
ISK1,015
|
|
| Milk (1 gallon) |
$11.33
NT$369.12
|
$6.01
ISK839
|
|
|
Eggs
1 dozen
|
$2.53
NT$82.53
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$3.21
NT$104.58
|
$8.51
ISK1,188
|
|
| Apples (1 lb) |
$1.77
NT$57.73
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$0.80
NT$26.03
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.10
NT$35.72
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$1.27
NT$41.28
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$1.21
NT$39.36
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.96
NT$31.17
|
$0.78
ISK110
|
|
pay 94.6% more for transportation
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.59
NT$116.96
|
$8.36
ISK1,168
|
|
| Monthly public transit pass |
$37.87
NT$1,233.95
|
$71.28
ISK9,956
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,524.98
NT$1,092,361.20
|
$40,660.66
ISK5,679,481
|
|
| Taxi trip in downtown area (5 miles) |
$9.35
NT$304.54
|
$22.04
ISK3,078
|
|
pay 3.8 times more for housing
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$18.76
NT$611.33
|
$72.17
ISK10,081
|
|
| 1-Bedroom apartment in downtown area |
$386.89
NT$12,606.34
|
$1,838.04
ISK256,737
|
|
| 1-Bedroom apartment outside city center |
$269.95
NT$8,795.88
|
$1,497.77
ISK209,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$54.00
NT$1,759.56
|
$58.01
ISK8,103
|
|
pay 52.0% less for childcare
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$472.11
NT$15,382.95
|
$258.16
ISK36,060
|
|
| Middle school for 1 child, two semesters |
$14,471.45
NT$471,530.44
|
$5,993.99
ISK837,241
|
|
pay 2.6 times more for entertainment and sports
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.82
NT$59.33
|
$9.19
ISK1,283
|
|
| Cappuccino in mid-range area |
$2.59
NT$84.41
|
$4.65
ISK649
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.00
NT$130.24
|
$11.76
ISK1,642
|
|
| Monthly membership at local gym |
$34.52
NT$1,124.77
|
$61.46
ISK8,585
|
|
| Movie ticket to theater/cinema |
$9.29
NT$302.57
|
$14.35
ISK2,004
|
|
pay 95.5% more for clothing
|
Taiwan
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$63.92
NT$2,082.85
|
$111.23
ISK15,537
|
|
|
Regular dress
from H&M or similar store
|
$28.11
NT$915.97
|
$59.69
ISK8,337
|
|
|
Running shoes
Nike or Adidas
|
$76.13
NT$2,480.55
|
$148.00
ISK20,673
|
|
| Men's business shoes (leather) |
$91.74
NT$2,989.11
|
$184.49
ISK25,770
|
|
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