Iceland vs Taiwan - Cost of Living Comparison

Updated:

Livingcost

Iceland Taiwan
🚶 Cost of living one person
$2518
$972
👨‍👩‍👧‍👦 Cost of living Family
$5339
$2778
🏠 One person rent
$1478
$376
🏘️ Family rent
$2369
$880
🍽️ Food expenses
$761
$386
🚐 Transport expenses
$83.9
$103
💳 Monthly salary after tax
$3501
$1429
💸 GDP per capita
$73467
$24828
😃 Human freedom index
8.73
8.56
❤️ Life expectancy
83.1
80.2
👮 Corruption perceptions index
72
67
🌐 English speaking %
98%
30%
🎓 Higher education
81
89
😀 Quality of life
92
81
🏙️ Population
364K
23.6M

The average cost of living in Iceland ($2518) is 159% more expensive than in Taiwan ($972). Iceland ranked 5th vs 84th for Taiwan in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.4 months in Iceland compared to 1.5 months in Taiwan. Ranked 10th and 27th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Taiwan infographic

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Prices in Iceland vs Taiwan

We calculate prices for Iceland and Taiwan as a population-weighted mean of 5 and 17 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Iceland Taiwan
Eating Out
🍱 Lunch Menu
$20.7
$4.36
🥂 Dinner in a Restaurant, for 2
$114
$27.3
🥪 Fast food meal, equiv. McDonald's
$16.8
$4.85
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.2
$2.12
 Cappuccino
$4.88
$2.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.72
$1.01
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1510
$372
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1318
$284
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2409
$980
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2171
$727
🔌 Utility Bill one person, electricity, heating, water, etc.
$53.6
$52.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$82.3
$81
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$68.4
$22.1
🏦 Mortgage Interest Rate for 20 Years
6.82%
1.87%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5442
$7223
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4321
$4221
Transportation
🚌 Local transport ticket
$4.09
$0.7
🎟️ Monthly ticket local transport
$66.7
$35.4
🚕 Taxi Ride, 8 km or 5 mi
$26.1
$9.27
 Gas / Petrol, 1 L or 0.26 gal
$2.25
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.62
$3.08
🍞 Bread, 0.5 kg or 1.1 lb
$3.64
$1.86
🍚 Rice, 1 kg or 2.2 lb
$3.19
$3.22
🥚 Eggs, x12
$5.89
$3
🧀 Cheese, 1 kg or 2.2 lb
$14.9
$14.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$18.5
$7.75
🥩 Round Steak, 1 kg or 2.2 lb
$29.5
$19.9
🍏 Apples, 1 kg or 2.2 lb
$2.99
$4.4
🍌 Banana, 1 kg or 2.2 lb
$2.16
$1.86
🍊 Oranges, 1 kg or 2.2 lb
$2.74
$2.57
🍅 Tomato, 1 kg or 2.2 lb
$4.51
$3.47
🥔 Potato, 1 kg or 2.2 lb
$2.86
$2.5
🧅 Onion, 1 kg or 2.2 lb
$1.83
$2.32
🌊 Water, 1 L or 1 qt
$1.33
$0.73
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.53
$1.7
🍾 Wine (mid-priced), 750 mL bottle
$19.4
$12.9
🍺 Beer, 0.5 L or 16 fl oz
$3.03
$1.58
🚬 Cigarette pack
$11.7
$3.7
💊 Cold medicince, 1 week
$11.6
$10.6
🧴 Hair Shampoo
$5.23
$6.91
🧻 Toilet paper, 4 rolls
$4.66
$2.08
👄 Toothpaste, 1 tube
$3.24
$2.56
Other
🏋️ Gym Membership, 1 month
$62
$34.3
🎫 Cinema Ticket, 1 person
$14.4
$9.36
👩‍⚕️ Doctor's visit
$82.9
$41.4
💇 Haircut, simple
$37.3
$13.9
👖 Brand Jeans
$106
$75
👟 Brand Sneakers
$144
$84
👶 Daycare or Preschool, 1 month
$245
$469
🏫 International Primary School, 1 year
$6038
$13366

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Taiwan

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$2723
140K
Kopavogur
$2304
39.8K
Hafnarfjorur
$2460
30.6K
Akureyri
$2011
19.9K
Keflavik
$2023
16.5K

In Taiwan

City Cost of living Population
New Taipei
$1011
4.36M
Taipei
$1169
2.6M
Taichung
$995
3.03M
Kaohsiung
$932
2.73M
Taoyuan
$861
2.29M
Tainan
$913
1.87M
Hsinchu
$860
499K
Keelung
$860
367K
Chiayi
$725
252K
Zhubei
$917
213K
Changhua
$890
227K
Kinmen
$851
139K
Miaoli
$746
86.2K
Douliu
$791
108K
Taitung
$952
109K
Nantou
$857
102K
Yilan
$863
94.8K