Looking to relocate to Taiwan? Here is an overview of the costs of living in Taiwan, so you are well prepared before making the big step.
Taiwan’s cost of living is not too high, which is why it’s a popular destination for expats.
A single person’s estimated monthly cost is $1,552.
A family of four estimated monthly cost is $3,045.
The cost of living in Taiwan is, on average, 27.02% lower than in the United States.
If you were to live in Taiwan, you would save 40% or more on your monthly expenses than living in the United States.
If you’d live in Taiwan instead of the United States, you’d pay 57.0% less for restaurants, 19.0% less for transportation and 68.5% less for housing.
The average salary in Taiwan is around $4,000, while the average monthly salary in the United States is $7,900.
Is food expensive in Taiwan?
Food in Taiwan is cheap. There is a plethora of markets and local food is everywhere. A basic lunchtime menu in the business district of Taipei is around $6,00. A combo meal in a fast food restaurant costs around $4.44.
A bowl of beef noodles on the street sells from $3,00 to $8,00.
To purchase 1 kilogram of apples in the supermarket, it will cost you $5.33, a kilogram of potatoes goes for $3.38, while 1 liter (1 qt.) of whole fat milk is $2.76.
Coffee in Taiwan is also very affordable. Expect to pay around $2.5 for an espresso.
How much is accommodation in Taiwan?
Monthly rent for 85 m2 (900 sqft) furnished accommodation in an expensive area is around $1,300, while it costs around $980 for a 45 m2 (480sqft) apartment.
You will save around $550 for the same size apartment in a normal area.
If you are looking to stay in a hotel while in Taiwan, keep in mind that the prices start at $30,00 a night. The average hotel price in Taiwan is $67,00.
Real estate prices in Taiwan, especially in Taipei, are very high. Currently, the price of apartments in Taipei is $7,112 per square meter.
Is transport expensive in Taiwan?
Public transport in Taiwan is affordable. The most common type of transport is the train. You can also get around Taiwan by metro, bus, car, taxi, and scooter.
The price of a monthly ticket for public transport in Taipei is $40,00. The “All Pass Ticket,” is valid for Taipei’s MRT, public bus, and YouBike systems.
A taxi ride from the airport to Taipei will cost you around $50,00.
With an excellent public transport system, it is not common for foreigners to rent a car. But in case you do want to rent a car in Taiwan, the average cost per day is $83,00.
Scooter is another convenient way to get around Taiwan. A 50cc scooter rental (per month) ranges between $15,00 and $30,00.