New Taipei vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	New Taipei	Reykjavik
🚶 Cost of living one person	$1073	$2938
👨‍👩‍👧‍👦 Cost of living Family	$3063	$5875
🏠 One person rent	$469	$1801
🏘️ Family rent	$1083	$2674
🍽️ Food expenses	$380	$827
🚐 Transport expenses	$116	$90.1
💳 Monthly salary after tax	$1589	$3761
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	94	53
😀 Quality of life	86	89
🏙️ Population	4.04M	140K

The cost of living in New Taipei is 63% less expensive than in Reykjavik. Cities ranked 5000th and 200th ($1073 vs $2938) in the list of the most expensive cities in the world and ranked 2nd and 1st in Taiwan and Iceland, respectively. Check Taiwan vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.5 months in New Taipei compared to 1.3 months in Reykjavik. New Taipei ranked 1st best city to live in Taiwan vs Reykjavik ranked 1st in Iceland, while ranked 302nd and 194th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in New Taipei vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/new-taipei/reykjavik.jpg" alt="Cost of living in New Taipei vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/new-taipei/reykjavik" target="_blank">New Taipei vs Reykjavik - Cost of Living Comparison</a></p>

Prices in New Taipei vs Reykjavik

Prices for goods and services in New Taipei and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	New Taipei	Reykjavik
Eating Out
🍱 Lunch Menu	$4.61	$21.5
🥂 Dinner in a Restaurant, for 2	$30.8	$137
🥪 Fast food meal, equiv. McDonald's	$5.06	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.46	$10.8
☕ Cappuccino	$2.62	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$495	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$376	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1348	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$898	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$46.8	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$73.1	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$22.1	$71.4
🏦 Mortgage Interest Rate for 20 Years	2.11%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$9392	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$4811	$5599
Transportation
🚌 Local transport ticket	$0.62	$4.52
🎟️ Monthly ticket local transport	$36.8	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$8.74	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.94	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$2.92	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.75	$3.74
🍚 Rice, 1 kg or 2.2 lb	$2.74	$3.24
🥚 Eggs, x12	$2.76	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$16.1	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$7.83	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$19.1	$37
🍏 Apples, 1 kg or 2.2 lb	$4.62	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.96	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$2.44	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$3.42	$4.73
🥔 Potato, 1 kg or 2.2 lb	$2.69	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.78	$2.11
🌊 Water, 1 L or 1 qt	$0.62	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.73	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$12.2	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.33	$3.26
🚬 Cigarette pack	$3.67	$12.3
💊 Cold medicince, 1 week	$9.43	$10.4
🧴 Hair Shampoo	$7.78	$5.23
🧻 Toilet paper, 4 rolls	$1.61	$4.55
👄 Toothpaste, 1 tube	$2.66	$3.2
Other
🏋️ Gym Membership, 1 month	$31	$73.2
🎫 Cinema Ticket, 1 person	$9.84	$15.9
👩‍⚕️ Doctor's visit	$33.7	$82.2
💇 Haircut, simple	$15.6	$45.6
👖 Brand Jeans	$77.3	$128
👟 Brand Sneakers	$91.2	$162
👶 Daycare or Preschool, 1 month	$515	$279
🏫 International Primary School, 1 year	$18855	$2532

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near New Taipei

Distance	City	Cost of living
9.6 km or 6 mi	Taipei	$1181
29 km or 18 mi	Taoyuan	$875
33 km or 20 mi	Keelung	$967
42 km or 26 mi	Yilan	$731
48 km or 30 mi	Zhubei	$821
53 km or 33 mi	Hsinchu	$897
80 km or 50 mi	Miaoli	$728
124 km or 77 mi	Taichung	$894
140 km or 87 mi	Changhua	$813
144 km or 90 mi	Nantou	$796
171 km or 106 mi	Douliu	$770
198 km or 123 mi	Chiayi	$747
246 km or 153 mi	Fuzhou	$669
250 km or 155 mi	Putian	$625
252 km or 157 mi	Taitung	$788
259 km or 161 mi	Tainan	$814
267 km or 166 mi	Ningde	$648
283 km or 176 mi	Ishigaki	$1155
289 km or 179 mi	Quanzhou	$644
290 km or 180 mi	Jinjiang	$627
291 km or 181 mi	Kaohsiung	$956
318 km or 197 mi	Rui'an	$681
321 km or 199 mi	Kinmen	$823
341 km or 212 mi	Wenzhou	$726
345 km or 214 mi	Xiamen	$688
375 km or 233 mi	Nanping	$630
375 km or 233 mi	Wenling	$671
386 km or 240 mi	Zhangzhou	$664
387 km or 241 mi	Miyakojima	$1154
408 km or 253 mi	Sanming	$603
411 km or 256 mi	Lishui	$682
428 km or 266 mi	Linhai	$661
445 km or 277 mi	Longyan	$649
457 km or 284 mi	Wuyishan	$601
489 km or 304 mi	Jinhua	$587
497 km or 309 mi	Yiwu	$677
507 km or 315 mi	Quzhou	$616
510 km or 317 mi	Chaozhou	$451
515 km or 320 mi	Shangrao	$671
515 km or 320 mi	Shantou	$581

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2802
9.8 km or 6.1 mi	Hafnarfjorur	$2817
38 km or 24 mi	Keflavik	$2355
247 km or 153 mi	Akureyri	$2678
795 km or 494 mi	Torshavn	$1828
1204 km or 748 mi	Inverness	$1722
1230 km or 764 mi	Elgin	$1393
1300 km or 808 mi	Derry	$1390
1309 km or 813 mi	Greenock	$1601
1321 km or 821 mi	Aberdeen	$1614
1325 km or 823 mi	Perth	$1500
1328 km or 825 mi	Stirling	$1604
1331 km or 827 mi	Paisley	$1765
1333 km or 828 mi	Alloa	$1649
1337 km or 831 mi	Glasgow	$2011
1339 km or 832 mi	Dundee	$1482
1340 km or 833 mi	Omagh	$1562
1341 km or 833 mi	Cumbernauld	$1475
1342 km or 834 mi	Irvine	$1551
1348 km or 838 mi	East Kilbride	$1763
1349 km or 838 mi	Kilmarnock	$1480
1351 km or 839 mi	Dunfermline	$1692
1353 km or 841 mi	Hamilton	$1699
1357 km or 843 mi	Ayr	$1404
1360 km or 845 mi	Kirkcaldy	$1610
1365 km or 848 mi	Livingston	$1608
1372 km or 852 mi	Edinburgh	$2140
1382 km or 859 mi	Newtownabbey	$1692
1387 km or 862 mi	Belfast	$1755
1390 km or 864 mi	Bangor	$1382
1391 km or 864 mi	Lisburn	$1713
1401 km or 871 mi	Alesund	$1603
1413 km or 878 mi	Galway	$2297
1425 km or 886 mi	Dundalk	$1767
1431 km or 889 mi	Dumfries	$1246
1433 km or 891 mi	Nuuk	$2031
1441 km or 895 mi	Molde	$1813
1454 km or 903 mi	Kristiansund	$1700
1455 km or 904 mi	Drogheda	$2628
1455 km or 904 mi	Bergen	$2006