COST Of Living in TAIPEI TAIWAN 2024 [Expat Budget Guide]

Cost of living in Taipei Taiwan Introduction

Hey Friends! The Cost Of Living In Taipei Taiwan makes it possible to Live For $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month. For a strict Budget vs a Luxury Budget.

Looking for a city that’s bursting with culture, natural beauty, and delicious food? Look no further than Taipei, Taiwan! This vibrant metropolis is a hub of innovation and excitement, offering a perfect blend of traditional and modern lifestyles. From towering skyscrapers to serene temples, Taipei has it all. And let’s not forget about the food – Taipei’s night markets are legendary!

This article will take you on a journey with Videos, a Table of expenses, Facebook Groups, Rental sites and more to explore the costs of living in Taipei, from rent, housing and transportation to food and things to do here.

With our expert analysis, practical insights, Research and personal experience in Taipei Taiwan, you’ll know what to expect when moving to Taipei.

Whether you’re a digital nomad, Expat, Traveler, student, Retiree, or just looking to experience Taipei Taiwan for a few months, our guide is going to help you make the most of your budget with a range of expenses estimated to cost between $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month.

Here are 5 reasons why you should consider moving to Taipei Taiwan:

1. Cost of Living In Taipei Taiwan: The Average monthly cost of living, including rent, utilities, food, and transportation, ranges from $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month.
2. Exceptional Healthcare System
3. High Quality of Life
4. Natural Beauty
5. Thriving Expat Community

Table Of Contents

Cost Of Living in Taipei Taiwan Quick Facts Key Takeaways

Here are some quick facts about the cost of living in Taipei Taiwan:

•  Here’s a breakdown of some key expenses: Total Monthly Living Costs in Taipei Taiwan, Is $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month. For all expenses, and if you budget smartly, you can expect to spend $1250 to $2520 per month for all expenses.
•     Taipei Taiwan, is 53% times cheaper than New York City, United States.
•     Living well in Taipei Taiwan is possible with a monthly income of around $2520.
•     The monthly rent, food budget, housing expenses, and transportation options in Taipei Taiwan are determined by your budget.
•     To maintain the same standard of life as $10,000 in New York City, an estimated $4,550 is needed in Taipei Taiwan.
•     On average, the cost of living in Taipei Taiwan, is 53% cheaper than in New York City, United States.
•     On average, rent in Taipei Taiwan is 53% cheaper than in New York City, New York, USA.
•     The costs of rent in Taipei Taiwan range from $310 – $1000 Per month. Depending on your budget.
•     A budget food and grocery plan in Taipei Taiwan will cost around $312 – $1200 per month, depending on location and budget.
•     An estimated monthly cost for a family of four in Taipei Taiwan is $3650.
•     An estimated monthly cost for a single person in Taipei Taiwan is $1250 – $2,200.
•     Transportation costs in Taipei Taiwan are estimated to be $55 – $300 per month.
• Expats and digital nomads may spend more, $1900 – $2500 per month, to maintain their living standards in Taipei Taiwan. We spent around $1,020 – $2,400 (NT$28,548 – NT$67,200) per month for example.

Our Personal Costs of Living in Taipei Taiwan: Table of expenses Breakdown 2024

Living in Taipei Taiwan can be an exciting and rewarding experience, but it’s important to understand the cost of living before you go. Here’s a breakdown of our monthly cost of living in Taipei Taiwan:

• Our monthly cost of rent and accommodation ranges from $480 to $960 USD or NT$13,440 to NT$26,880 TWD.
• Our monthly Cost Of Utilities: costs including electricity and water range from $96 to $360 USD or NT$2,688 to NT$10,080 TWD.
• Our Monthly Cost of Gym Membership: We pay between $24 to $120 USD or NT$672 to NT$3,360 TWD per month for our gym membership in Taipei, Taiwan.
• Our monthly Cost Of food and groceries costs range from $300 to $840 USD or NT$8,400 to NT$23,520 TWD.
• Our monthly Cost Of transportation expenses range from $36 to $120 USD or NT$1,080 to NT$3,360 TWD.
• Our monthly Cost Of Activities and Things To Do: We spend between $60 to $360 USD or NT$1,680 to NT$10,080 TWD per month on leisure activities and entertainment in Taipei, Taiwan.
• Our monthly Cost Of health insurance costs range from $60 to $180 USD or NT$1,680 to NT$5,040 TWD.

In total, our monthly cost of living in Taipei, Taiwan, including all expenses, ranges from $1,020 to $2,400 USD or NT$28,548 to NT$67,200 TWD.

Table of Our Monthly Cost Of Living in Taipei Taiwan:

Monthly Cost of Living in Taipei Taiwan Summary Cost Of Rent, Groceries, Transportation, Healthcare: $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month

You can live in Taipei Taiwan, for around $1,296 a month for all expenses on a tight budget or $3,744 a month if you want to live much more luxuriously. The Cost of living in Taipei Taiwan is from $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month.

You can still maintain a monthly budget and enjoy all the beautiful things Taipei Taiwan, offers.

The following is a breakdown of the average cost of living in Taipei Taiwan:

1. Cost of Rent and Housing: The cost of renting a studio apartment in Taipei ranges from $300 to $720 USD per month, while a one-bedroom apartment costs between $420 and $960 USD per month. Two-bedroom apartments can cost between $720 and $1,800 USD per month, and a three-bedroom apartment can cost between $1,200 and $2,400 USD per month.
2. Cost of Utilities: The cost of electricity and water in Taipei typically ranges from $60 to $180 USD per month.
3. Cost of Internet and Mobile phone: High-speed internet can be obtained for around $24 to $48 USD per month, while unlimited data plans for mobile phones typically cost $12 to $36 USD per month.
4. Cost of Food and Groceries: Groceries, dining out, and nightlife in Taipei range from $360 to $840 USD per month. Taipei is known for its street food, and it’s possible to enjoy a satisfying meal for just a few dollars.
5. Cost of Transportation: Public transportation is affordable in Taipei, with fares ranging from $0.5 to $1.5 USD per trip. Taxis and ride-sharing services are also available, with fares starting from $2.5 USD.
6. Cost of Health Insurance: For those who need health insurance, there are a number of options available, with plans starting from $60 to $180 USD per month.
7. Cost of Healthy activities: Taipei has a number of fitness centers, yoga studios, and other healthy activities available, with costs ranging from $24 to $120 USD per month.

Overall, the total monthly cost of living in Taipei, including accommodation, utilities, food, transportation, health insurance, and healthy activities, can range from $1,296 to $3,744 USD per month, or NT$36,288 to NT$104,832 TWD per month.

A great monthly budget for a single person living in Taipei Taiwan, is around $2120 to $3120 monthly. You can also do it for cheaper.

The costs of living in Taipei Taiwan Depending on various factors and spending habits, the price may change. Others spend $5,150 or more each month for an extravagant, next-level lifestyle or even $1,290 on the strictest budget staying in hostels, couchsurfing, and smaller studio apartments, ensuring they make it work no matter what!

• Expect to spend $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month. for a single person or a family living in Taipei Taiwan. $2100 per Month is sufficient to live on.
•       Local Taipei Taiwan markets, Local Food trucks, Local food shops, and supermarkets are the most cost-effective and knowledgeable ways to shop and eat in Taipei Taiwan!

Table of expenses for a couple living in Taipei Taiwan per month:

Cost of Living in Taipei Taiwan: Table of Expenses in 2024

This table of expenses will help you plan your budget for your move to Taipei Taiwan.

The Cost of living table below An extensive poll of Digital Nomads, Expats, travelers, our personal experience living Here, Locals, and Numbeo users were used to put this together.

The Exchange Rate is $1 USD is Currently equal to 30 TWD Currency TWD (New Taiwan dollar) This estimate is based on a Strict Budget Vs. A luxury Budget in Taipei Taiwan per Month! The Cost Of Living Per Month In Taipei Taiwan, is $1,296 – $3,744 (NT$36,288 – NT$104,832) Per Month or more, depending on your spending habits! Check out the Currency Converter.

Table of the monthly budget for people living in Taipei Taiwan:

Cost of Rent In Taipei Taiwan In-Depth Summary And Table of Expenses

The cost of accommodation in Taipei Taiwan is essential for many expats, retirees, digital nomads, and locals. It can vary depending on the apartment type and location you are looking for.

The cost of studio and one-bedroom apartments in Taipei Taiwan:

• Studio apartments in Taipei City average between $594 – $948 USD per month or NT$ 16,587 – NT$ 26,544 TWD per month
• Studio apartments outside Taipei City average between $396 – $594 USD per month or NT$ 11,058 – NT$ 16,587 TWD per month
• 1 bedroom apartments in Taipei City average between $792 – $1,440 USD per month or NT$ 22,090 – NT$ 40,147 TWD per month
• 1 bedroom apartments outside Taipei City average between $594 – $990 USD per month or NT$ 16,587 – NT$ 27,643 TWD per month.

The Cost of 2 Bedroom Apartment in Taipei Taiwan:

• Average cost per month for a 2 bedroom apartment in Taipei, Taiwan ranges from $792 to $2,376 USD (NT$ 22,090 to NT$ 66,283) depending on location.
• Rent for a 2 bedroom apartment in the city of Taipei, Taiwan is higher, with an average cost per month ranging from $1,320 to $2,376 USD (NT$ 36,816 to NT$ 66,283).
• Rent for a 2 bedroom apartment outside the city of Taipei, Taiwan is relatively lower, with an average cost per month ranging from $792 to $1,584 USD (NT$ 22,090 to NT$ 44,181).

The Cost of a 3 bedroom apartment in Taipei Taiwan:

• Cost Of a 3 Bedroom Apartment In the city of Taipei, the average cost per month ranges from $2,376 to $3,960 USD, or NT$ 66,283 to NT$ 110,688 TWD.
• Cost Of a 3 Bedroom Apartment Outside the city of Taipei, the average cost per month ranges from $1,584 to $2,376 USD, or NT$ 44,181 to NT$ 66,283 TWD.

The Cost of a Luxury Apartment in Taipei Taiwan per month:

• The Cost of a luxury apartment in Taipei City might be just what you’re looking for. The average cost for such an apartment is $3,960+ per month, which translates to NT$ 110,688+.
• If you’d rather be outside the city, you can still find plenty of luxurious options. The average cost for a luxury apartment in a location outside of Taipei City is $2,376+ per month, or NT$ 66,283+.

your best bet is to choose a monthly personal rental via Facebook Marketplace, Real estate in Taipei Taiwan rental site Helper, Booking.com, and Airbnb.

• To save money on your rental and daily expenses, consider looking for an apartment located in a neighborhood with access to local markets, gyms, and restaurants and short walking distances and safe areas.
• You can also join Facebook groups such as “Digital Nomads in Taipei Taiwan” or “Expats in Taipei Taiwan” and Taipei Taiwan rental group on Facebook to connect with others and potentially find affordable rental options.
• Alternatively, consider staying at a Hostel, Airbnb, hotel monthly, homestay, guesthouse, or bed and breakfast in Taipei for more affordable rates rather than a costly hotel or tourist location.

Monthly Rent in Taipei Taiwan: Table of Expenses in 2024

Here is a table of estimated costs for rent and accommodation in Taipei Taiwan:

Living in Taipei Taiwan Credible Reliable Sources

Here is a list of Government resources for Visas, Cost of living in Taipei Taiwan, Facebook Groups, Aprtment rental sites, Tourism Boards, and more to help you with your potential move here! I hope this helps you all as you plan your move here!

• Here is a site to find all the apartment rentals in Taipei Taiwan and check out Taipei Taiwan Apartment Rentals Facebook Group
• Taipei Taiwan Facebook Groups: Taiwan expat Facebook group
• Taipei Taiwan Tourism Site: Taipei Taiwan Tourism Board and this Taiwan Tourism Authority
• Taipei Taiwan Data from Our World in Data World Bank and World Data and Taiwan Travel Data
• Taipei Taiwan Embassy for more information like Visas and more from Taiwan Embassy
• Government of Taiwan
• For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. a cheaper solution to send, spend and receive money internationally rather exchanging money through other platforms like Paypal, Payoneer that cost a lot of money for exchange fees and rates

Cost Of Transportation In Taipei Taiwan Summary and Table of expenses

Expect to spend from $55 – $300 a month on Transportation, Most People don’t Own a car in Taipei Taiwan the best way to get around is to use the MRT, High Speed Rail and Scooter, Here’s a breakdown of each transportation option, including costs:

1. Taipei MRT: The subway system in Taipei is a fast and efficient way to travel around the city. With lines covering most major areas, it’s a reliable option for locals and tourists alike. Prices range from $0.60 to $2.00 USD ($16 to $56 TWD) depending on the distance.
2. Local Bus: If you’re looking for a cheaper alternative to the MRT, consider taking a bus. It’s a great way to explore Taipei’s neighborhoods and get to places the MRT doesn’t go. Fares range from $0.50 to $1.50 USD ($15 to $45 TWD) depending on the route.
3. High-Speed Rail (HSR): The HSR is the fastest way to travel long distances in Taiwan. With trains reaching speeds of up to 300 km/h, it’s a popular choice for travelers. Prices range from $15 to $60 USD ($450 to $1,800 TWD) depending on the destination.
4. Train: Taiwan’s railway network covers most of the country, making it a convenient and scenic way to travel. Trains are available for both short and long-distance trips, with prices ranging from $5 to $30 USD ($150 to $900 TWD).
5. Taxi: Taxis are widely available in Taipei, but they can be more expensive than other transportation options. Be sure to check that the meter is on to avoid being overcharged. Prices range from $2.50 to $5.00 USD (80 to 160 TWD) per ride.
6. Uber: Uber is available in major cities in Taiwan and can be a cheaper option than taxis. Prices are similar to taxi fares, ranging from $2.50 to $5.00 USD (80 to 160 TWD) per ride.
7. Rental Car: Renting a car is a great option if you want to explore rural areas in Taiwan. However, driving in cities can be chaotic, so be prepared for heavy traffic. Rental car prices range from $30 to $100 USD ($900 to $3,000 TWD) per day.
8. Bicycle: Bicycles are a popular way to get around in Taipei, especially in urban areas. Many cities have bike rental programs, and prices typically range from $1.50 to $3.00 USD (50 to 100 TWD) per hour.
9. Scooter Rental: Scooters are a highly efficient way of getting around Taipei. Many locals use them as their primary mode of transportation. Rental prices range from $5 to $15 USD (150 to 450 TWD) per day or $150 USD (450 TWD) per month.

Table of estimated costs for public transportation in Taipei Taiwan:

Additionally, here are some other related expenses:

• Gasoline (1 gallon): around $4 – $7 per gallon.

Ultimately, we recommend renting a using the public transportation Subway, High Speed Rail, Tram, and Scooter This will give you the best experience, and you can explore Taipei Taiwan this way we definitely don’t recommend buying a car it is very unnecessary in Taipei Taiwan.

For more information check out the Government Of transportation in Taiwan

Cost of Food and Markets In Taipei Taiwan Explained: Table Of Expenses 2024

The cost of food in Taipei Taiwan can vary depending on your lifestyle, dining preferences, and dietary restrictions. Here is a breakdown of the average monthly costs for food in Taipei Taiwan:

• Local food in Taipei Taiwan costs between $240 to $480 per month, which is equivalent to NT$6,720 to NT$13,440.
• Mid-range restaurants in Taipei Taiwan cost between $360 to $720 per month, which is equivalent to NT$10,080 to NT$20,160.
• Fine dining restaurants in Taipei Taiwan cost between $840 to $1,800 per month, which is equivalent to NT$23,520 to NT$50,400.
• Groceries in Taipei Taiwan cost between $300 to $600 per month, which is equivalent to NT$8,400 to NT$16,800.
• Supermarkets in Taipei Taiwan that offer imported goods cost between $10 to $60 per month, which is equivalent to NT$16,800 to NT$26,880.
• Street food in Taipei Taiwan costs between $120 to $240 per month, which is equivalent to NT$3,360 to NT$6,720.
• Specialty food stores in Taipei Taiwan cost between $600 to $960 per month, which is equivalent to NT$16,800 to NT$26,880.

Overall, the monthly cost of food in Taipei Taiwan ranges between $360 to $1,800, which is equivalent to NT$10,080 to NT$50,400.

Table of expenses for the Cost of Food in Taipei Taiwan per month:

Example table of expenses for the average monthly food and grocery costs in Taipei Taiwan:

Table of estimated costs for food and Groceries in supermarkets in Taipei Taiwan:

Cost of Utilities in Taipei Taiwan Summary and Table of Expenses 2024

Here is a detailed breakdown of the estimated monthly cost of utilities in Taipei:

• Basic electricity and gas in Taipei typically costs between $70 to $130 USD per month, which is around NT$1,960 to NT$3,640 TWD.
• Water bills in Taipei usually range from $7 to $20 USD per month, which is approximately NT$200 to NT$560 TWD.
• The cost of broadband internet in Taipei is around $16 to $30 USD per month, or NT$450 to NT$840 TWD.
• For a prepaid mobile phone SIM card, you can expect to pay around $3 to $7 USD per month, or NT$80 to NT$200 TWD.
• A postpaid mobile phone plan in Taipei typically costs between $20 to $30 USD per month, which is around NT$560 to NT$840 TWD.
• If you need an unlimited data plan, the cost can range from $22 to $40 USD per month, or NT$610 to NT$1,120 TWD.

Overall, the estimated total cost of utilities in Taipei ranges from $138 to $257 USD per month, or NT$3,860 to NT$7,260 TWD.

Example table of expenses for the average monthly utilities in Taipei Taiwan:

Pros and Cons of Living in Taipei Taiwan: Is it the Right Choice for You?

Living in Taipei Taiwan can offer many benefits, but there are also some drawbacks to consider. Here is a detailed list of the pros and cons of living in Taipei Taiwan.

Pros of Living in Taipei:

1. Affordable cost of living: Compared to many other developed countries, Taipei offers a relatively affordable cost of living. Housing, food, and transportation costs are generally lower than in cities like New York or London.
2. Excellent healthcare system: Taipei has a world-class healthcare system that provides affordable medical care to residents. With many hospitals and clinics located throughout the city, healthcare services are easily accessible.
3. Safe and low crime rate: Taipei is known for its safety and low crime rate. The city is considered one of the safest in Asia, and crime rates are generally lower than in many other major cities around the world.
4. Efficient and reliable public transportation: Taipei has a well-developed public transportation system that includes buses, metro lines, and a high-speed rail system. The system is affordable, reliable, and easy to use.
5. Rich and unique cultural experiences: Taipei is home to diverse cultures and offers a unique blend of traditional and modern experiences. Taipei always has something new to discover from historic temples to modern art galleries.
6. Delicious and diverse food options: Taipei is a foodie’s paradise with diverse cuisine options. Taipei has something to offer from street food to high-end restaurants for every taste and budget.
7. Beautiful natural scenery: Taipei is surrounded by beautiful natural scenery and offers easy access to outdoor activities. From hiking trails to hot springs, there is always something to explore in Taipei’s surrounding areas.

Cons of Living in Taipei:

1. Deposit for apartments can be annoying: Renting an apartment in Taipei can be a hassle, with many landlords requiring a hefty deposit upfront. This can make it challenging for newcomers to find suitable housing.
2. Typhoons and earthquakes can be a concern: Taipei is located in a region that is prone to natural disasters, including typhoons and earthquakes. While the city is generally well-prepared for these events, they can still be a concern for some residents.
3. Limited job opportunities for non-Chinese speakers: While there are job opportunities for non-Chinese speakers in Taipei, they may be limited. Most job opportunities require fluency in Mandarin, making it challenging for expats who do not speak the language.
4. Crowded cities with high population density: Taipei is densely populated, with many crowded and congested areas. This can make it challenging to find quiet and peaceful areas to relax.
5. Limited English proficiency in some areas: While many people in Taipei speak English, there are still areas where English proficiency is limited. This can make it challenging for expats to communicate and navigate certain situations.
6. Pollution can be a problem in some areas: Like many other major cities, pollution can be a problem in some areas of Taipei. This can lead to health concerns for some residents.
7. Some cultural norms may be different or challenging for foreigners: While Taipei is generally a welcoming and accepting city, some cultural norms may be different or challenging for foreigners. It is important to be open-minded and respectful of local customs and traditions.

Pros and Cons of Living in Taipei Taiwan Table:

Cost of Healthcare in Taipei Taiwan

Medical care in Taipei Taiwan is World Class and definitely reliable.

SafetyWing Insurance is an innovative travel insurance solution designed for travelers, digital nomads, and remote workers. Whether you’re on a gap year, working abroad, or traveling for business, SafetyWing offers a comprehensive coverage plan to keep you protected and secure during your journey.

Here are just a few reasons why you should try SafetyWing Insurance for your next trip:

1. Global Coverage: SafetyWing insurance covers you anywhere in the world, including countries that many other insurance companies exclude.
2. Affordable: SafetyWing offers affordable, more cost-effective insurance options than many other travel insurance plans.
3. Easy to Use: With SafetyWing, you can sign up, manage your policy, and file claims all from the comfort of your phone or computer.
4. Wide Range of Coverage: SafetyWing offers coverage for a variety of events, including medical emergencies, trip cancellations, lost or stolen property, and more.
5. 24/7 Support: SafetyWing provides 24/7 support to its customers, so you can get help when you need it, no matter where you are in the world.

We suggest you also have it, especially if you live as an expat and digital nomad in Taipei Taiwan. We always use SafetyWing for international travel insurance and medical concerns. They start at $45 a month! It’s incredible and always reliable!

Main FAQS Section About Taipei Taiwan:

Cost Of Living in Taipei Taiwan Conclusion

We hope that you have found this blog post helpful! We went all out and summarized the cost of living in Taipei Taiwan and provided a table of expenses, information on rent, accommodation, food costs, videos, Facebook Groups, Tourism Boards and more from our time living there as digital nomads!

We will be continually updating this blog post! Also, below are many excellent travel resources that will help you in your Journey around the world and helping you on your journey to Taipei Taiwan!

Related Posts about Taiwan:

• MONTHLY COST Of Living In TAIWAN 2024 [Expat Budget Guide]

Travel Resources and Reliable Sources For Taipei

• Booking Flights: To score insane flight deals, search on Google Flights, Skyscanner. Money-saving tips: fly in the middle of the week, on the weekend; fly carry-on only on a budget airline, and take red-eyes or early morning flights.
• Money Exchanging for Digital Nomads and expats: For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. Wise is a cheaper solution to send, spend and receive money internationally rather exchanging money through other platforms like Paypal, Payoneer that cost a lot of money for exchange fees and rates.
• Travel Insurance: We always have travel insurance monthly for international trips and living abroad. We STRONGLY suggest that you have it as well, just in case other digital nomads live abroad, and we always use SafetyWing for international travel insurance and medical concerns. and they start at $42 a month! It’s incredible and always reliable! SafetyWing is perfect for Digital Nomads and long-term travelers!
• Taiwan Tourism Site: Taiwan Tourism Board and this Taiwan Tourism Authority

If you want to keep up with our travels, go ahead and follow us on our travel page on Instagram @onelifepassport! Comment below what else you would like to know/see about our experiences traveling the world! Also, check out our YouTube Channel!

Check out our recent blog posts:

Austin Pierce

Co Owner of One Life Passport, Subject Matter Expert about Travel and Digital Nomadism, Travel Expert for 7 Years and Travel Youtuber with my Girlfriend Salina at One Life Passport on YouTube. About the Author: I Became A Digital Nomad in 2018 after working soul-crushing jobs in Tennessee, United States. I figured out how to make money online, and I bought a one-way ticket to Thailand in 2018, and we never looked back; I have been traveling the world with my girlfriend, Salina. We Run a YouTube Channel and this Blog; We write about the Digital Nomad Lifestyle, Travel, The Places we live, and How to Make Money Online. I am also an MMA and Muay Thai Fighter, and I am really into Fitness!

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