Breakdown of Taiwan’s Living Costs (2022)

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Taiwan’s living costs aren’t too high, depending on your lifestyle. Throughout this guide, I’ll cover everyday living expenses in Taiwan.

I’ve lived in Taiwan for over three years and have studied various ways to save money. To help you plan your living situation in Taiwan, I’ve compiled average prices based on my (and others’) experiences.

To help you get a grasp on what expenses you’ll need to budget for, I’ll cover these areas:

  • Rent (apartments)
  • Utilities
  • Transportation
  • Personal vehicles
  • Essentials
  • Groceries
  • Eating out
  • Personal care
  • Recreation

Let’s build a budget and see how Taiwan’s living costs compare to other countries.

an infographic showing how much would $1000 per month get you in taiwan
Taiwan cost of living USD. If you use this image on your site, which is fine, please cite this post: eagernomad.com/taiwan-living-cost

Here’s one of the sources that I used to gather these prices.

Anyway, in general, here are the average Taiwan living costs for most essentials in the nation for a single person:

FreeCurrencyRates.com

Apartment Rent (monthly)

One-bedroom apartment in the cityNT$12000–30000
One-bedroom apartment outside the cityNT$8000–18000
Three-bedroom apartment in the cityNT$30000–80000
Three-bedroom apartment outside the cityNT$21000–50000
This table shows the average Taiwan living costs for apartment rentals.

Utilities (monthly) #

ElectricityNT$2.8–5 per kWh
InternetNT$500
WaterWater NT$200–300
GasGas NT$250
This table shows the average Taiwan living costs for utilities.

Public Transportation #

One-way MRT ticketNT$20–60
Intracity bus fareNT$15–30
YouBike rentalNT$30000–80000
GasolineNT$119.619 per gallon
GoStation battery swappingNT$299–1199
Taxi Start by cityNT$70–100
Taxi cost per kilometerNT$17.95–20
This table shows the average Taiwan living costs for public transportation.

Personal Vehicles #

Parking lots (per hour)NT$20+
2021 Toyota Camry LNT$708180
Car insurance, registration, and fuel tax combined (one year)NT$18000–25000
Car parking space (monthly)NT$3000–6000
This table shows the average Taiwan living costs for personal transportation.

Essentials #

EasyCardNT$100
Gym membership (monthly)NT$800–1500
SIM card (monthly)NT$499–920
Laundry detergent (3 liters)NT$155
This table shows the average Taiwan living costs for essentials.

Eating Out #

Drink at a barNT$150+
CappuccinoNT$81
Bottled waterNT$8–20
Meal at McDonald’sNT$135
Mid-range restaurant meal for twoNT$800
Inexpensive restaurant meal for oneNT$45–100
Street foodNT$15–250
This table shows the average cost of eating out in Taiwan.

Groceries #

Average groceries (monthly)NT$3600
Loaf of breadNT$54
Regular eggs (x12)NT$74
Rice (1kg)NT$88
Milk (1 liter)NT$94
Fruit juice (1.5 liters)NT$100
Orange juice (.3 liters)NT$35
OrangesNT$90
GrapesNT$200
TomatoesNT$90
BaconNT$210–230
Ready-made noodlesNT$17–22
Yellow cheese (1 kilogram)NT$656
This table shows the average cost of groceries in Taiwan.

Personal Care #

Toothpaste (1 tube)NT$84
Men’s haircutNT$800–1500
Laundry detergent (3 liters)NT$287
Toilet paper (4 rolls)NT$52
Box of tampons (x32)NT$279
DeodorantNT$190
Clinic visit (without insurance)NT$500
Emergency room (without insurance)NT$150–3000
Cold medicineNT$196
This table shows the average cost for personal care and medical situations in Taiwan.

Entertainment #

Pack of cigarettes (Marlboro)NT$90
Domestic beerNT$20–50 per can
Night club entry feeNT$300+
Movie theater ticketNT$581
This table shows the average cost for various forms of entertainment in Taiwan.

Many of these prices were sourced from a survey of family income and expenditures in Taiwan. However, a lot of these prices are also sourced from first-hand experience in Taipei and New Taipei.

If you’re outside of these cities, you’ll likely pay less for the various categories I listed.

FAQ: Taiwan Living Costs

Read through these commonly asked questions about Taiwan living costs to help you determine how much money you’ll need when moving to the island nation.

How Much Do You Need To Live Comfortably in Taiwan?

To live comfortably in Taiwan, you’ll want an income of at least NT$30,000 ($1079) per month. However, your version of comfort may differ from others. This number will increase or decrease depending on what part of Taiwan you reside in.

Can Foreigners Buy Property in Taiwan?

It depends. Taiwan has a law in place that states that if Taiwanese can purchase real estate in their home country, then citizens from your country can purchase property in Taiwan.

How Do I Save Money on Living Expenses in Taipei?

The best way to save money on living expenses in Taipei is by cooking your own food rather than eating out every day or buying takeout.

International hypermarket chains like Carrefour and Costco have an excellent range of products from around the world. Moreover, if you buy in bulk, you’ll save a lot of money.

For you who need a break from cooking all the time, there are plenty of cheap places where you can get good quality Taiwanese street foods too.

Moreover, if you want to live close to work or school but can’t afford housing prices on your own, consider renting an apartment with friends and living together as this will help lower costs for everyone involved.

Is Taiwan a Good Place To Retire?

Taiwan is a good place to retire. The Taiwanese government has created policies that make it easy for foreigners living in Taiwan to get social security and retirement benefits from their home country while living in Taiwan.

Foreigners can also apply for long-term residency after staying more than 183 consecutive days in this country because they’ve obtained work visas or permanent residence visas through other channels such as marriage.

Is Taiwan Cashless?

It’s complicated. A majority of night markets or stores in traditional markets won’t accept card or cardless payments. However, many establishments accept contactless cards—EasyCard, for example—and payment methods like LINE Pay, Google Pay, and Apple Pay.

Are Taiwan Living Costs High?

Almost everything that you’ll need in Taiwan is cheaper than in many countries. One of the main exceptions, which I didn’t mention above, is imported goods. Due to Taiwan’s high value-added tax, VAT, among other factors, the nation has more expensive imported goods.

Keep in mind that these prices can fluctuate at any time. Only use the above tables to give you an estimate as to how much you’ll need to pay when coming to—or moving to—Taiwan.

Also, ensure you set up an emergency savings account—it’ll protect you in case anything happens.

person standing on top of Taipei 101 tower in Taiwan City, Taiwan

About Tee

Tee began first experienced the wonders of traveling when visiting Vietnam. Afterward, he went crazy and ventured to at least… More about Tee