Breakdown of Taiwan Living Costs (2022)

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.

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.

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.

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.

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.