Cost of living in Taiwan Introduction
Hey Friends! The Cost Of Living In Taiwan makes it possible to Live For $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month. For a strict Budget vs a Luxury Budget.
Taiwan is a beautiful country with a unique culture that draws people from all over the world. Known for its delicious Taiwanese cuisine, vibrant cities like Taipei, Taichung, Kaohsiung and more. Taiwan has become an increasingly popular destination for tourists and expats alike.
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 Taiwan, from housing and transportation to food and things to do here.
With our expert analysis, practical insights, Research and personal experience in Taiwan, you’ll know what to expect when moving to Taiwan.
Whether you’re a digital nomad, Expat, Retiree, or just looking to experience 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 $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month.
Here are 5 reasons why you should consider moving to Taiwan:
- Cost of Living In Taiwan: The Average monthly cost of living, including rent, utilities, food, and transportation, ranges from $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month.
- Excellent Healthcare System
- High Quality of Life
- Natural Beauty
- Thriving Expat Community
Table Of Contents
Cost Of Living in Taiwan Quick Facts Key Takeaways
Here are some quick facts about the cost of living in Taiwan:
- Here’s a breakdown of some key expenses: Total Monthly Living Costs in Taiwan, Is $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month. For all expenses, and if you budget smartly, you can expect to spend $1200 to $2520 per month for all expenses.
- Taiwan, is 56% times cheaper than New York City, United States.
- Living well in Taiwan is possible with a monthly income of around $2500.
- The monthly rent, food budget, housing expenses, and transportation options in Taiwan are determined by your budget.
- To maintain the same standard of life as $10,000 in New York City, an estimated $4,500 is needed in Taiwan.
- On average, the cost of living in Taiwan, is 56% cheaper than in New York City, United States.
- On average, rent in Taiwan is 56% cheaper than in New York City, New York, USA.
- The costs of rent in Taiwan range from $300 – $1000 Per month. Depending on your budget.
- A budget food and grocery plan in Taiwan will cost around $300 – $1200 per month, depending on location and budget.
- An estimated monthly cost for a family of four in Taiwan is $3550.
- An estimated monthly cost for a single person in Taiwan is $1200 – $2,200.
- Transportation costs in Taiwan are estimated to be $50 – $300 per month.
- Expats and digital nomads may spend more, $1800 – $2500 per month, to maintain their living standards in Taiwan. We spent around $850 – $2,000 (NT$23,800 – NT$56,000) per month for example.
Our Personal Costs of Living in Taiwan: Table of expenses Breakdown 2024
Living in 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 Taiwan:
- Our monthly cost of rent and accommodation in Taiwan ranges from $400 to $800 USD, or NT$11,200 to NT$22,400 TWD.
- Our Monthly Cost Of Utilities: We typically spend between $80 and $300 USD, or NT$2,240 to NT$8,400 TWD on utilities each month.
- Our gym cost per month in Taiwan ranges from $20 to $100 USD, or NT$560 to NT$2,800 TWD.
- Our Monthly Cost Of Food and Groceries: We spend between $250 and $700 USD, or NT$7,000 to NT$19,600 TWD on food and groceries each month.
- Our monthly cost of transportation is usually between $30 and $100 USD, or NT$900 to NT$2,800 TWD.
- Our Monthly Cost Of Activities: We spend between $50 and $300 USD, or NT$1,400 to NT$8,400 TWD each month on activities, leisure, and entertainment.
- Our monthly cost of health insurance is typically between $50 and $150 USD, or NT$1,400 to NT$4,200 TWD.
In total, our monthly cost of living in Taiwan ranges from $850 to $2,000 USD, or NT$23,800 to NT$56,000 TWD
Table of Our Personal Cost Of Living in Taiwan:
| Our Monthly Cost of Living in Taiwan | Cost (USD) | Cost (TWD) |
|---|---|---|
| Our Monthly Cost of Rent and Accommodation | $400 – $800 | NT$11,200 – NT$22,400 |
| Our Monthly Cost of Utilities | $80 – $300 | NT$2,240 – NT$8,400 |
| Our Gym Cost per month in Taiwan | $20 – $100 | NT$560 – NT$2,800 |
| Our Monthly Cost of Food and Groceries | $250 – $700 | NT$7,000 – NT$19,600 |
| Our Monthly Cost of Transportation | $30 – $100 | NT$900 – NT$2,800 |
| Our Monthly Cost of Activities, Leisure, Entertainment | $50 – $300 | NT$1,400 – NT$8,400 |
| Our Monthly Cost of Health Insurance | $50 – $150 | NT$1,400 – NT$4,200 |
| Our Monthly Cost of Living in Taiwan total expenses | $850 – $2,000 | NT$23,800 – NT$56,000 |
Monthly Cost of Living in Taiwan Summary Cost Of Rent, Groceries, Transportation, Healthcare: $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month
You can live in Taiwan, for around $1,080 a month for all expenses on a tight budget or $3,120 a month if you want to live much more luxuriously. The Cost of living in Taiwan is from $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month.
You can still maintain a monthly budget and enjoy all the beautiful things Taiwan, offers.
The following is a breakdown of the average cost of living in Taiwan:
- Cost of Rent and Housing: The cost of rent for a studio apartment ranges from $250 to $600 (NT$7,000 to NT$16,800) per month, while a one-bedroom apartment costs between $350 and $800 (NT$9,800 to NT$22,400) per month. A two-bedroom apartment can cost from $600 to $1,500 (NT$16,800 to NT$42,000) per month, and a three-bedroom apartment ranges from $1,000 to $2,000 (NT$28,000 to NT$56,000) per month.
- Cost of Utilities: The cost of utilities (electricity, water) ranges from $50 to $150 (NT$1,400 to NT$4,200) per month.
- Cost of Mobile Phone and Internet: A mobile phone plan with an unlimited data package and a SIM card costs between $10 and $30 (NT$280 to NT$840) per month. Internet with wifi costs from $20 to $40 (NT$560 to NT$1,120) per month.
- Cost of Food: The cost of food, including groceries, dining out, partying, and nightlife, ranges from $300 to $700 (NT$8,400 to NT$19,600) per month.
- Cost of Transportation: The cost of transportation, including public transport, taxis, scooters, and cars, ranges from $30 to $150 (NT$840 to NT$4,200) per month.
- Cost of Healthy activities: The cost of healthy activities, including gym memberships, martial arts classes, yoga classes, and massages, ranges from $20 to $100 (NT$560 to NT$2,800) per month.
- Cost of Health insurance: Health insurance from providers like SafetyWing, World Nomads, or Medicare ranges from $50 to $150 (NT$1,400 to NT$4,200) per month.
Overall, the total monthly cost of living in Taiwan ranges from $1,080 to $3,120 (NT$30,240 to NT$87,360) depending on factors such as housing, utilities, food, transportation, and health insurance.
A great monthly budget for a single person living in Taiwan, is around $2120 to $3120 monthly. You can also do it for cheaper.
The costs of living in Taiwan Depending on various factors and spending habits, the price may change. Others spend $5,050 or more each month for an extravagant, next-level lifestyle or even $1,000 on the strictest budget staying in hostels, couchsurfing, and smaller studio apartments, ensuring they make it work no matter what!
- Expect to spend $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month. for a single person or a family living in Taiwan. $2000 per Month is sufficient to live on.
- Local Taiwan markets, Local Food trucks, Local food shops, and supermarkets are the most cost-effective and knowledgeable ways to shop and eat in Taiwan!
Table of expenses for a couple living in Taiwan per month:
| Average Cost of Living in Taiwan | Cost (USD) | Cost (TWD) |
|---|---|---|
| Cost of Rent (Studio apartment) | $250 – $600 | NT$7,000 – NT$16,800 |
| Cost of Rent (1 bedroom apartment) | $350 – $800 | NT$9,800 – NT$22,400 |
| Cost of Rent (2 bedroom apartment) | $600 – $1,500 | NT$16,800 – NT$42,000 |
| Cost of Rent (3 bedroom apartment) | $1,000 – $2,000 | NT$28,000 – NT$56,000 |
| Cost of Utilities (electricity, water) | $50 – $150 | NT$1,400 – NT$4,200 |
| Cost of Mobile phone (unlimited data plan, Sim Card) | $10 – $30 | NT$280 – NT$840 |
| Cost of Internet (wifi) | $20 – $40 | NT$560 – NT$1,120 |
| Cost of Food (groceries, dining out, Partying, nightlife) | $300 – $700 | NT$8,400 – NT$19,600 |
| Cost of Transportation (Public transport, Taxi, Scooter, car) | $30 – $150 | NT$840 – NT$4,200 |
| Cost of Healthy activities (gym, martial arts, yoga, massages) | $20 – $100 | NT$560 – NT$2,800 |
| Cost of Health insurance (SafetyWing, World Nomads, or Medicare) | $50 – $150 | NT$1,400 – NT$4,200 |
| Total Monthly Cost Of Living In Taiwan | $1,080 – $3,120 | NT$30,240 – NT$87,360 |
Cost of Living in Taiwan: Table of Expenses in 2024
This table of expenses will help you plan your budget for your move to 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 This estimate is based on a Strict Budget Vs. A luxury Budget in Taiwan per Month! The Cost Of Living Per Month In Taiwan, is $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month or more, depending on your spending habits! Check out the Currency Converter.
Table of the monthly budget for two people living in Taiwan:
| Cost of living in Taiwan per person | Cost in USD ($) | Cost in TWD (NT$) |
|---|---|---|
| Cost of living for a single person in Taiwan | $700 – $1,500 | 19,500 – 42,000 |
| Cost of living for a couple in Taiwan | $1,200 – $2,500 | 33,500 – 70,000 |
| Cost of living for a family of four in Taiwan | $2,000 – $4,000 | 56,000 – 112,000 |
| Average Monthly Expenses in Taiwan | Cost in USD ($) | Cost in TWD (TWD) |
|---|---|---|
| Average monthly rent for a studio | $300 – $800 | 8,400 – 22,400 |
| Average monthly cost for food and groceries | $200 – $500 | 5,600 – 14,000 |
| Average monthly cost for dining out | $100 – $300 | 2,800 – 8,400 |
| Average monthly cost for miscellaneous items | $50 – $200 | 1,400 – 5,600 |
| Average monthly cost for utilities | $100 – $200 | 2,800 – 5,600 |
| Average monthly cost for transportation | $50 – $200 | 1,400 – 5,600 |
| Total average monthly cost of living in Taiwan | $800 – $1,800 | 22,400 – 50,400 |
| Cost of Living in Taiwan Expenses | Cost (Monthly) in USD | Cost (Monthly) In TWD |
|---|---|---|
| Cost of Rent and Accommodation in Taiwan | $300 – $1,000 | 8,400 – 28,000 |
| Cost of Food and Groceries | $200 – $500 | 5,600 – 14,000 |
| Cost of Utilities | $50 – $150 | 1,400 – 4,200 |
| Cost of Public Transportation | $20 – $60 | 560 – 1,680 |
| Cost of Private Transportation | $100 – $300 | 2,800 – 8,400 |
| Cost of Healthcare | $100 – $300 | 2,800 – 8,400 |
| Cost of Entertainment | $50 – $200 | 1,400 – 5,600 |
| Cost of Clothing and Personal Items | $50 – $200 | 1,400 – 5,600 |
| Cost of Activities and Excursions | $50 – $200 | 1,400 – 5,600 |
Cost of Rent In Taiwan In-Depth Summary And Table of Expenses
The cost of accommodation in 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 Taiwan:
- Studio apartments in the city of Taiwan can range from $495 to $790 per month, with an average of TWD 13,823 to TWD 22,120 per month.
- Studio apartments outside the city of Taiwan are more affordable and can range from $330 to $495 per month, with an average of TWD 9,215 to TWD 13,823 per month.
- One-bedroom apartments in the city of Taiwan can range from $660 to $1,200 per month, with an average of TWD 18,408 to TWD 33,456 per month.
- One-bedroom apartments outside the city of Taiwan are more affordable and can range from $495 to $825 per month, with an average of TWD 13,823 to TWD 23,036 per month.
| Cost of a Apartment in Taiwan | Location | Average Cost per Month (USD) | Average Cost per Month (TWD) |
|---|---|---|---|
| Cost of a Studio apartment in the city of Taiwan | City | $495 – $790 | TWD 13,823 – 22,120 |
| Cost of a Studio apartment outside the city of Taiwan | Outside City | $330 – $495 | TWD 9,215 – 13,823 |
| Cost of a 1 bedroom in the city of Taiwan | City | $660 – $1,200 | TWD 18,408 – 33,456 |
| Cost of a 1 bedroom outside the city of Taiwan | Outside City | $495 – $825 | TWD 13,823 – 23,036 |
The Cost of 2 Bedroom Apartment in Taiwan:
- The cost of a 2 bedroom apartment in Taiwan ranges from $660 to $1,980 per month.
- In the city of Taiwan, the average cost per month for a 2 bedroom apartment ranges from $1,100 to $1,980, with an average cost of TWD 30,680 to TWD 55,344.
- Outside the city of Taiwan, the average cost per month for a 2 bedroom apartment ranges from $660 to $1,320, with an average cost of TWD 18,408 to TWD 36,816.
| Cost of a 2 Bedroom Apartment in Taiwan | Location | Average Cost per Month (USD) | Average Cost per Month (TWD) |
|---|---|---|---|
| Cost of a 2 Bedroom Apartment in the city of Taiwan | City | $1,100 – $1,980 | TWD 30,680 – 55,344 |
| Cost of a 2 Bedroom Apartment outside the city of Taiwan | Outside City | $660 – $1,320 | TWD 18,408 – 36,816 |
The Cost of a 3 bedroom apartment in Taiwan:
- The cost of a 3 bedroom apartment in the city of Taiwan ranges from $1,980 to $3,300 per month in USD and TWD 55,344 to TWD 92,040 per month in TWD.
- The cost of a 3 bedroom apartment outside the city of Taiwan ranges from $1,320 to $1,980 per month in USD and TWD 36,816 to TWD 55,344 per month in TWD.
| Cost of a 3 bedroom Apartment in Taiwan | Location | Average Cost per Month (USD) | Average Cost per Month (TWD) |
|---|---|---|---|
| Cost of a 3 bedroom Apartment in the city of Taiwan | City | $1,980 – $3,300 | TWD 55,344 – 92,040 |
| Cost of a 3 bedroom Apartment outside the city of Taiwan | Outside City | $1,320 – $1,980 | TWD 36,816 – 55,344 |
The Cost of a Luxury Apartment in Taiwan per month:
- The average cost per month of a luxury apartment in the city of Taiwan is $3,300 USD (or TWD 92,040).
- The average cost per month of a luxury apartment outside the city of Taiwan is $1,980 USD (or TWD 55,344).
| Cost of a Luxury apartment in Taiwan | Location | Average Cost per Month (USD) | Average Cost per Month (TWD) |
|---|---|---|---|
| Cost of a Luxury apartment in the city of Taiwan | City | $3,300+ | TWD 92,040+ |
| Cost of a Luxury apartment outside the city of Taiwan | Outside City | $1,980+ | TWD 55,344+ |
your best bet is to opt for a monthly personal rental via Facebook Marketplace, Real estate in 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 Taiwan” or “Expats in Taiwan” and 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 Taiwan for more affordable rates rather than a costly hotel or tourist location.
Cost of Monthly Rent in Taiwan: Table of Expenses in 2024
| Cost of Rent in Taiwan | Cost per Month (USD) | Cost per Month (TWD) |
|---|---|---|
| Cost of a Studio Apartment | $400 – $1000 | TWD 13,000 – TWD 28,000 |
| Cost of a 1 Bedroom Apartment | $500 – $1500 | TWD 15,000 – TWD 42,000 |
| Cost of a 2 Bedroom Apartment | $1000 – $2500 | TWD 28,000 – TWD 70,000 |
| Cost of a 3 Bedroom Apartment | $2000 – $4000 | TWD 56,000 – TWD 112,000 |
| Cost of a Luxury Apartment | $3000 – $7000 | TWD 84,000 – TWD 196,000 |
| Average Monthly Rent Expense in Taiwan | Average Monthly Rent in USD | Average Monthly Rent in TWD |
|---|---|---|
| Average monthly rent for a Studio Apartment | $400 – $1200 | TWD 13,000 – TWD 33,600 |
| Average monthly rent for a 1 Bedroom Apartment | $500 – $2000 | TWD 15,000 – TWD 56,000 |
| Average monthly rent for a 2 Bedroom Apartment | $1000 – $3000 | TWD 30,000 – TWD 84,000 |
| Average monthly rent for a 3 Bedroom Apartment | $2000 – $5000 | TWD 60,000 – TWD 140,000 |
| Accommodation Type in Taiwan | Average Monthly Cost in USD | Average Monthly Cost in TWD |
|---|---|---|
| Price of a 1 bedroom apartment in city center | $600 – $900 | 16,800 – 25,200 TWD |
| Price of a 1 bedroom apartment outside city | $400 – $700 | 11,200 – 19,600 TWD |
| Price of a Studio apartment in city center | $400 – $700 | 11,200 – 19,600 TWD |
| Price of a Studio apartment outside city center | $300 – $500 | 8,400 – 14,000 TWD |
| Price of a Shared room in city center | $200 – $400 | 5,600 – 11,200 TWD |
| Price of a Shared room outside city center | $150 – $300 | 4,200 – 8,400 TWD |
| Price of a Hotel room (3-star) | $60 – $130 | 1,680 – 3,640 TWD |
| Price of a Hotel room (5-star) | $130 – $300 | 3,640 – 8,400 TWD |
| Price of a 2 bedroom apartment in city center | $800 – $1200 | 22,400 – 33,600 TWD |
| Price of a 2 bedroom apartment outside city center | $600 – $900 | 16,800 – 25,200 TWD |
| Price of a 3 bedroom apartment in city center | $1200 – $2000 | 33,600 – 56,000 TWD |
| Price of a 3 bedroom apartment outside city center | $800 – $1400 | 22,400 – 39,200 TWD |
Here is a table of estimated costs for rent and accommodation in Taiwan:
| Housing Accommodation Type in Taiwan | Price Range per day (USD) | Price Range per day (TWD) |
|---|---|---|
| Hostel | $10 – $50 | TWD 300 – TWD 1,500 |
| Budget Hotel | $50 – $100 | TWD 1,500 – TWD 3,000 |
| Mid-range Hotel | $100 – $200 | TWD 3,000 – TWD 6,000 |
| Luxury Hotel | $200 – $500 | TWD 6,000 – TWD 15,000 |
| Vacation Rental | $50 – $500 | TWD 1,500 – TWD 15,000 |
| Guest House | $20 – $100 | TWD 600 – TWD 3,000 |
| Bed & Breakfast | $50 – $150 | TWD 1,500 – TWD 4,500 |
Living in Taiwan Credible Reliable Sources
Here is a list of Government resources for Visas, Cost of living in 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 Taiwan and check out Taiwan Apartment Rentals Facebook Group
- Taiwan Facebook Groups: Taiwan expat Facebook group
- Taiwan Tourism Site: Taiwan Tourism Board and this Taiwan Tourism Authority
- Taiwan Data from Our World in Data World Bank and World Data and Taiwan Travel Data
- 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 Taiwan Summary and Table of expenses
Expect to spend from $50 – $300 a month on Transportation, Most People don’t Own a car in 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:
- Taipei MRT: Taipei’s subway system is a reliable and efficient way to get around the city, with lines covering most major areas. Fares range from $0.60 to $2.00 USD ($16 – $56 TWD).
- Local Bus: Buses are a cheaper alternative to the MRT, and can take you to places where the MRT doesn’t go. Fares range from $0.50 to $1.50 USD ($15 – $45 TWD).
- High-Speed Rail (HSR): The HSR is the fastest way to travel long distances in Taiwan, with trains reaching speeds up to 300 km/h. Fares range from $15 to $60 USD ($450 – $1800 TWD).
- Train: Taiwan’s railway network covers most of the country, making it a convenient and scenic way to travel. Fares range from $5 to $30 USD ($150 – $900 TWD).
- Taxi: Taxis are widely available, but can be more expensive than other transportation options. Be sure to check that the meter is on. Fares range from $2.50 to $5.00 USD (metered) ($80 – $160 TWD (metered)).
- Uber: Uber is available in major cities, and can be a cheaper option than taxis. Fares range from $2.50 to $5.00 USD ($80 – $160 TWD).
- Rental Car: Renting a car is a good option if you want to explore Taiwan’s rural areas, but be aware that driving in cities can be chaotic. Rental rates range from $30 to $100 USD per day ($900 – $3000 TWD per day).
- Bicycle: Bicycles are a popular way to get around in Taiwan, especially in urban areas. Many cities have bike rental programs. Rental rates range from $1.50 to $3.00 USD per hour ($50 – $100 TWD per hour).
- Scooter Rental: Scooters are a highly efficient way of getting around Taiwan. Rental rates range from $5 to $15 USD per day or $150 per month ($150 – $450 TWD).
Table of estimated costs for public transportation in Taiwan:
| Transportation Option | Description | Cost (USD) | Cost (TWD) |
|---|---|---|---|
| Taipei MRT | Taipei’s subway system is a reliable and efficient way to get around the city, with lines covering most major areas. | $0.60 – $2.00 | TWD 16 – TWD 56 |
| Local Bus | Buses are a cheaper alternative to the MRT, and can take you to places where the MRT doesn’t go. | $0.50 – $1.50 | TWD 15 – TWD 45 |
| High-Speed Rail (HSR) | The HSR is the fastest way to travel long distances in Taiwan, with trains reaching speeds up to 300 km/h. | $15 – $60 | TWD 450 – TWD 1800 |
| Train | Taiwan’s railway network covers most of the country, making it a convenient and scenic way to travel. | $5 – $30 | TWD 150 – TWD 900 |
| Taxi | Taxis are widely available, but can be more expensive than other transportation options. Be sure to check that the meter is on. | $2.50 – $5.00 (metered) | TWD 80 – TWD 160 (metered) |
| Uber | Uber is available in major cities, and can be a cheaper option than taxis. | $2.50 – $5.00 | TWD 80 – TWD 160 |
| Rental Car | Renting a car is a good option if you want to explore Taiwan’s rural areas, but be aware that driving in cities can be chaotic. | $30 – $100 per day | TWD 900 – TWD 3000 per day |
| Bicycle | Bicycles are a popular way to get around in Taiwan, especially in urban areas. Many cities have bike rental programs. | $1.50 – $3.00 per hour | TWD 50 – TWD 100 per hour |
| Scooter Rental | Scooters are a highly efficient way of getting around Taiwan | $5 – $15 per day or $150 per month | TWD 150 – TWD 450 |
Additionally, here are some other related expenses:
- Gasoline (1 gallon): around $4 – $7 per gallon.
| Monthly Cost Of Gas and Petrol For Scooter in Taiwan | Cost in USD | Cost In TWD |
|---|---|---|
| Average monthly cost for gasoline, Petrol for scooter | $30 – $110 | TWD 900 – 3,000 TWD |
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 Taiwan this way we definitely don’t recommend buying a car it is very unnecessary in Taiwan.
For more information check out the Government Of transportation in Taiwan
Cost of Food and Markets In Taiwan Explained: Table Of Expenses 2024
The cost of food in Taiwan can vary depending on your lifestyle, dining preferences, and dietary restrictions. Here is a breakdown of the average monthly costs for food in Taiwan:
- Local food in Taiwan: Traditional Taiwanese dishes found in local markets, small eateries and street vendors. The average monthly cost for food in this category is $200 – $400 USD or NT$5,600 – NT$11,200 TWD.
- Mid-range restaurants in Taiwan: Includes restaurants that offer a mix of Taiwanese and international cuisines, with prices ranging from moderate to high. The average monthly cost for food in this category is $300 – $600 USD or NT$8,400 – NT$16,800 TWD.
- Fine dining restaurants in Taiwan: This category includes upscale restaurants that offer high-end cuisine and fine dining experiences. Prices for meals in this category can be quite expensive, with the average monthly cost ranging from $700 – $1,500 USD or NT$19,600 – NT$42,000 TWD.
- Groceries in Taiwan: This category includes food items purchased at local grocery stores and markets. The average monthly cost for groceries in this category is $250 – $500 USD or NT$7,000 – NT$14,000 TWD.
- Supermarkets (imported goods) in Taiwan: This category includes imported food items found in supermarkets, such as Western foods and other international products. The average monthly cost for imported goods in this category is $500 – $800 USD or NT$14,000 – NT$22,400 TWD.
- Street food in Taiwan: This category includes food items purchased from street vendors and night markets, which are a popular attraction in Taiwan. The average monthly cost for street food in this category is $100 – $200 USD or NT$2,800 – NT$5,600 TWD.
- Specialty food stores in Taiwan: This category includes specialty stores that offer high-end and imported food items, such as cheese and wine. The average monthly cost for food in this category is $500 – $800 USD or NT$14,000 – NT$22,400 TWD.
Overall, the average monthly cost of food in Taiwan ranges from $300 – $1,500 USD or NT$9,000 – NT$42,000 TWD.
Table of expenses for the Cost of Food in Taiwan per month:
| Cost of Food in Taiwan | Average Monthly Cost (USD) | Average Monthly Cost (TWD) |
|---|---|---|
| Local food in Taiwan | $200 – $400 | NT$5,600 – NT$11,200 |
| Mid-range restaurants in Taiwan | $300 – $600 | NT$8,400 – NT$16,800 |
| Fine dining restaurants in Taiwan | $700 – $1,500 | NT$19,600 – NT$42,000 |
| Groceries in Taiwan | $250 – $500 | NT$7,000 – NT$14,000 |
| Supermarkets (imported goods) in Taiwan | $500 – $800 | NT$14,000 – NT$22,400 |
| Street food in Taiwan | $100 – $200 | NT$2,800 – NT$5,600 |
| Specialty food stores in Taiwan | $500 – $800 | NT$14,000 – NT$22,400 |
| Overall Monthly Cost of Food in Taiwan | $300 – $1,500 | NT$9,000 – NT$42,000 |
| Average Monthly Food Costs in Taiwan | Cost in USD | Cost in TWD |
|---|---|---|
| Local Food Markets, Street food and Local Supermarkets and cheaper dining options | $300 – $500 | NT$8,400 – NT$14,000 |
| Eating out at Mid-range restaurants and expensive restaurants per month (No Budget) | $500 – $1,000 | NT$14,000 – NT$28,000 |
Example table of expenses for the average monthly food and grocery costs in Taiwan:
| Monthly Food Expenses in Taiwan | Cost in USD | Cost in TWD |
|---|---|---|
| Average monthly cost for groceries | $250 – $500 | NT$7,000 – NT$14,000 |
| Average monthly cost for dining out | $300 – $1,000 | NT$8,400 – NT$28,000 |
| Average monthly cost for miscellaneous food items | $100 – $200 | NT$2,800 – NT$5,600 |
| Total average monthly cost for food in Taiwan | $300 – $1,500 | NT$9,000 – NT$42,000 |
| Cost Of Food and Groceries In a Supermarket in Taiwan | Estimated Cost (USD) | Estimated Cost (TWD) |
|---|---|---|
| Milk (1 liter) | $1.5 – $2.5 | NT$40 – NT$70 |
| Bread (500g loaf) | $1.5 – $2.5 | NT$40 – NT$70 |
| Rice (1kg) | $1.5 – $3.5 | NT$40 – NT$100 |
| Chicken (1kg) | $3.5 – $6.5 | NT$100 – NT$180 |
| Apples (1kg) | $2.5 – $4.5 | NT$70 – NT$130 |
| Oranges (1kg) | $2.5 – $4.5 | NT$70 – NT$130 |
| Eggs (1 dozen) | $1.5 – $2.5 | NT$40 – NT$70 |
| Cheese (1kg) | $8 – $15 | NT$220 – NT$400 |
| Beef (1kg) | $10 – $20 | NT$280 – NT$550 |
| Potatoes (1kg) | $1 – $2 | NT$30 – NT$60 |
| Tomatoes (1kg) | $2 – $4 | NT$60 – NT$110 |
| Onion (1kg) | $1 – $2 | NT$30 – NT$60 |
| Water (1.5 liter bottle) | $1 – $2 | NT$30 – NT$60 |
| Soft drink (1.5 liter bottle) | $1 – $2 | NT$30 – NT$60 |
| Beer (330ml bottle) | $1 – $2 | NT$30 – NT$60 |
| Wine (mid-range bottle) | $10 – $20 | NT$280 – NT$550 |
| Fast food meal | $3 – $7 | NT$80 – NT$200 |
| Restaurant meal (mid-range) | $10 – $20 | NT$280 – NT$550 |
Table of estimated costs for food and Groceries in supermarkets in Taiwan:
| Cost of Groceries and Food in Taiwan | Cost in USD | Cost in TWD |
|---|---|---|
| Meal, Inexpensive Restaurant | $3.00 – $6.00 | TWD 80 – TWD 160 |
| Meal for 2, Mid-range Restaurant, Three-course | $20.00 – $40.00 | TWD 530 – TWD 1,060 |
| Combo Meal at McDonalds or Similar | $4.50 – $6.00 | TWD 120 – TWD 160 |
| Domestic Beer (0.5 liter draught) | $1.50 – $3.00 | TWD 40 – TWD 80 |
| Imported Beer (0.33 liter bottle) | $2.50 – $5.00 | TWD 70 – TWD 135 |
| Cappuccino (regular) | $2.50 – $3.50 | TWD 65 – TWD 90 |
| Coke/Pepsi (0.33 liter bottle) | $0.80 – $1.20 | TWD 20 – TWD 30 |
| Water (0.33 liter bottle) | $0.50 – $0.80 | TWD 15 – TWD 25 |
| Milk (regular), (1 liter) | $1.00 – $1.50 | TWD 30 – TWD 40 |
| Loaf of Fresh White Bread (500g) | $1.00 – $2.00 | TWD 25 – TWD 50 |
| Rice (white), (1kg) | $1.50 – $3.00 | TWD 40 – TWD 80 |
| Eggs (regular) (12) | $1.50 – $2.50 | TWD 40 – TWD 65 |
| Local Cheese (1kg) | $7.00 – $10.00 | TWD 185 – TWD 265 |
| Chicken Breasts (Boneless, Skinless), (1kg) | $5.00 – $8.00 | TWD 130 – TWD 215 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $8.00 – $12.00 | TWD 215 – TWD 320 |
| Apples (1kg) | $2.00 – $3.00 | TWD 55 – TWD 80 |
| Banana (1kg) | $1.50 – $2.50 | TWD 40 – TWD 65 |
| Oranges (1kg) | $2.00 – $3.00 | TWD 55 – TWD 80 |
| Tomato (1kg) | $1.50 – $2.50 | TWD 40 – TWD 65 |
Cost of Utilities in Taiwan Summary and Table of Expenses 2024
Here is a detailed breakdown of the estimated monthly cost of utilities in Taiwan:
- Basic electricity/gas in Taiwan: The estimated monthly cost for basic electricity and gas in Taiwan ranges from $70 to $130 USD (NT$1,960 to NT$3,640 TWD). This cost can vary depending on the size of your home and how much energy you consume.
- Water: The estimated monthly cost for water in Taiwan ranges from $7 to $20 USD (NT$200 to NT$560 TWD). This cost can vary depending on your usage and the water company in your area.
- Internet (Broadband): The estimated monthly cost for broadband internet in Taiwan ranges from $16 to $30 USD (NT$450 to NT$840 TWD). This cost can vary depending on the internet speed and provider you choose.
- Mobile phone sim card (Prepaid): The estimated monthly cost for a mobile phone sim card on a prepaid plan in Taiwan ranges from $3 to $7 USD (NT$80 to NT$200 TWD). This cost can vary depending on the mobile provider you choose.
- Mobile phone plan (Postpaid): The estimated monthly cost for a mobile phone plan on a postpaid basis in Taiwan ranges from $20 to $30 USD (NT$560 to NT$840 TWD). This cost can vary depending on your required data and minutes.
- Mobile phone plan (Unlimited data): The estimated monthly cost for a mobile phone plan with unlimited data in Taiwan ranges from $22 to $40 USD (NT$610 to NT$1,120 TWD). This cost can vary depending on the mobile provider you choose.
Total cost of utilities in Taiwan: The estimated total monthly cost for utilities in Taiwan ranges from $138 to $257 USD (NT$3,860 to NT$7,260 TWD). This cost can vary depending on the size of your home, energy and water consumption, and the mobile and internet plans you choose.
Example table of expenses for the average monthly utilities in Taiwan:
| Monthly Cost of Utilities in Taiwan | Estimated Monthly Cost (USD) | Estimated Monthly Cost (TWD) |
|---|---|---|
| Basic electricity/gas in Taiwan | $70 – $130 | NT$1,960 – NT$3,640 |
| Water | $7 – $20 | NT$200 – NT$560 |
| Internet (Broadband) | $16 – $30 | NT$450 – NT$840 |
| Mobile phone sim card (Prepaid) | $3 – $7 | NT$80 – NT$200 |
| Mobile phone plan (Postpaid) | $20 – $30 | NT$560 – NT$840 |
| Mobile phone plan (Unlimited data) | $22 – $40 | NT$610 – NT$1,120 |
| Total Cost of utilities in Taiwan | $138 – $257 | NT$3,860 – NT$7,260 |
Pros and Cons of Living in Taiwan: Is it the Right Choice for You?
Living in 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 Taiwan.
Pros of living in Taiwan:
- Affordability: Taiwan is a more affordable option compared to other developed countries.
- Healthcare: Taiwan has an excellent healthcare system with affordable medical care available to all.
- Safety: Taiwan has a low crime rate, making it a safe place to live.
- Public transportation: Taiwan has an efficient and reliable public transportation system, making it easy to get around.
- Cultural experiences: Taiwan has a rich and unique culture with many opportunities to explore and learn.
- Standard of living: Taiwan offers a high standard of living with modern amenities.
- Food: Taiwan has a diverse range of delicious food options available.
- Natural scenery: Taiwan is home to beautiful natural scenery with easy access to outdoor activities.
Cons of living in Taiwan:
- Apartment deposits: Apartment deposits in Taiwan can be a significant expense and annoyance for many.
- Natural disasters: Typhoons and earthquakes can be a concern for those living in Taiwan.
- Job opportunities: Finding a job in Taiwan can be difficult for non-Chinese speakers due to the language barrier.
- Population density: Taiwan is a crowded country with a high population density in many areas.
- Language barrier: Limited English proficiency in some areas can make communication challenging for foreigners.
- Pollution: Pollution can be a problem in some areas of Taiwan.
- Cultural differences: Some cultural norms may be different or challenging for foreigners to adapt to.
- Political instability: Tensions with China can cause political instability in Taiwan.
Pros and Cons of Living in Taiwan Table:
| Pros of living in Taiwan | Cons of living in Taiwan |
|---|---|
| Affordable cost of living compared to many other developed countries | Deposit for apartments can be annoying |
| Excellent healthcare system with affordable medical care | Typhoons and earthquakes can be a concern |
| Safe and low crime rate | Limited job opportunities for non-Chinese speakers |
| Efficient and reliable public transportation system | Crowded cities with high population density |
| Rich and unique cultural experiences | Limited English proficiency in some areas |
| High standard of living with modern amenities | Pollution can be a problem in some areas |
| Delicious and diverse food options | Some cultural norms may be different or challenging for foreigners |
| Beautiful natural scenery with easy access to outdoor activities | Tensions with China can cause political instability |
Cost of Healthcare in Taiwan
Medical care in Taiwan is World Class and definitely reliable.
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Cost of Taxes in Taiwan by Percentage
Here is in-depth information for the cost of Taxes in Taiwan for each type of Tax and make sure to contact a local Taiwan Tax Professional for more Information:
Individual Income Tax in Taiwan
- Tax Type: Individual Income Tax
- Tax Rate: 5% – 40%
- Important Information:
- Progressive tax rates from 5% to 40% based on income.
- Higher rates apply for salaries over TWD 10 million.
- Various deductions available for mortgage, insurance etc.
Value Added Tax (VAT) in Taiwan
- Tax Type: Value Added Tax (VAT)
- Tax Rate: 5%
- Important Information:
- Levied on purchase of goods and services in Taiwan.
- Standard VAT rate is 5% nationwide.
- Certain necessities are zero-rated or exempt.
Corporate Income Tax in Taiwan
- Tax Type: Corporate Income Tax
- Tax Rate: 20%
- Important Information:
- Uniform tax rate of 20% for all companies.
- Tax incentives offered for R&D, innovation, investments.
- Credits available for foreign tax paid.
Commodity Tax in Taiwan
- Tax Type: Commodity Tax
- Tax Rate: 5% – 30%
- Important Information:
- Levied on manufactured goods and imported items.
- Rates vary from 5% on general items to 30% on soft drinks.
- Higher on luxury goods, alcohol, tobacco etc.
Customs Duty in Taiwan
- Tax Type: Customs Duty
- Tax Rate: Variable
- Important Information:
- Levied on imported goods into Taiwan.
- Average tariff rate around 8%.
- Varies by product from 0% to over 20%.
Table of Tax Rates in Taiwan
| Tax Type in Taiwan | Tax Rate in Taiwan |
|---|---|
| Individual Income Tax | 5% – 40% |
| Value Added Tax (VAT) | 5% |
| Corporate Income Tax | 20% |
| Commodity Tax | 5% – 30% |
| Customs Duty | Variable |
Main FAQS Section About Taiwan:
What is the monthly cost of living in Taiwan?
The cost of living in Taiwan on average, is around $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month. This includes rent, food, transportation, and other costs like utilities and phone bills.
What is the Cost Of Living in Taiwan Vs USA?
The Cost Of Living in Taiwan is around 56% cheaper than living in New York City, USA, and the average monthly Cost of living in Taiwan is $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month. in Taiwan vs $5500 to $10382 per month living in New York City, United States.
What is the Cost of Accommodation in Taiwan?
The Cost of Accommodation in Taiwan costs around $310 to $2,000 per month. from a simple studio to a Luxury 3+ bedroom Condo
What is the best time of year to visit Taiwan?
The best time to visit Taiwan is during the summer and fall season from March to August.
How Much does it cost to live in Taiwan?
On average, living in Taiwan costs around $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month.
What is the Cost of Utilities in Taiwan?
The Cost of Utilities in Taiwan Cost around $110 to $300 per month, depending on your energy consumption!
What is the Cost of Food in Taiwan vs USA?
The Cost Of Food in Taiwan is 24% cheaper than in New York, United States. Monthly Food Costs in Taiwan is from $290 to $1200 per month.
What is the Cost Of Rent in Taiwan VS USA?
The Cost of Rent in Taiwan is 56% cheaper Than in New York, United States A 1 bedroom apartment in Taiwan costs $420 to $1000 per month on average, and 1 bedroom Apartment in New York City, United States, Costs over $2890 per month.
What is the Food Expenses In Taiwan?
The Food expenses in Taiwan is from $305 to $1200 per month. Make sure to eat the local Food, local Food markets and supermarkets to save money.
What is the Rental Expenses In Taiwan?
The monthly rent for a 1-bedroom in Taiwan is from $400 to $1000.
What is the Expenses for a Single Person in Taiwan?
The Expenses for a Single Person in Taiwan is from $1,080 – $3,120 (NT$23,800 – NT$56,000) Per Month for all expenses.
What is the average cost of Rent In Taiwan?
The Average cost of rent in Taiwan is around $300 to $2,000 Per Month in Taiwan.
What is the average Cost of Transportation In Taiwan?
The average cost of transportation in Taiwan is about $2 – $30 USD per day or $55 to $300 per month, Depending if you use a subway, High Speed rail, and Scooter.
What is the Cost of Mobile Phone SIM and Internet Data In Taiwan?
The Cost of Phone Data and internet from in Taiwan is around $20 to $100 per month.
What is the Cost of Food in Taiwan?
The Cost of Food in Taiwan costs around $305 to $1200 per month; try to eat at the local restaurants and street food for the best and cheapest food to stay on budget!
Is Taiwan a good place to live?
Yes, Taiwan regularly ranks as one of the Safest Countries in the world! but of course, you always need to watch what you are doing and keep safety of mind as you would anywhere in the world.
Is it expensive to live in Taiwan?
No, it is not expensive to Live in Taiwan you can expect to spend $1,200 to $2,200 per month if you live on a budget and don’t do tourist things. I recommend renting a studio, eating local food, renting a bicycle or scooter, and shopping at the local markets. If you do this you will save a lot of money!
What is the average salary in Taiwan?
The average salary in Taiwan is around 47,810 New Taiwan Dollars (NTD), which is roughly equivalent to $1,555 USD.
What is a good salary to live in Taiwan?
A great Salary to live on in Taiwan is around $2100 – $4,000 per month. This will cover all expenses.
Cost Of Living in Taiwan Conclusion
We hope that you have found this blog post helpful! We went all out and summarized the cost of living in 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 Taiwan!
Related Posts about Taiwan:
Travel Resources and Reliable Sources For Taiwan
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