Last updated on February 13th, 2025 at 10:29 am
Taiwan is an attractive country to live, work, or study in. With a rapidly developing economy and a high quality of life, many people are interested in learning more about the cost of living in Taiwan.Â
This article will detail various aspects of living expenses in Taiwan, providing a clear and comprehensive overview of daily expenses, along with tips for saving money during your stay. Let's dive into the full information below!
Cost of Living in Taiwan
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Understanding the cost of living in Taiwan is essential for good financial planning, whether you're a worker, student, or family. The cost of living in Taiwan can vary depending on the city and lifestyle.
How Much Does It Cost to Live in Taiwan?
The cost of living in Taiwan varies depending on factors such as lifestyle, location, and individual or family needs. Below is an estimate of living costs in Taiwan for different situations:
Cost of Living for Workers in Taiwan
For workers, living expenses can be relatively high in major cities like Taipei. Rent for a one-bedroom apartment in the city center can range from 15,000 to 30,000 NTD per month.Â
Eating out can cost around 150 to 300 NTD per meal. Monthly transportation expenses can reach around 1,000 to 2,000 NTD, depending on the distance and frequency of travel.
Cost of Living for Families in Taiwan
For families, the cost of living will naturally be higher. Rent for a two- or three-bedroom apartment in the city center can range from 30,000 to 60,000 NTD per month. Food expenses can range from 20,000 to 40,000 NTD per month, depending on the number of family members and food preferences. Additional costs for education, healthcare, and transportation should also be considered.
Cost of Living for Students in Taiwan
Students typically opt for more affordable accommodation such as dormitories or shared apartments. Rent for a room in a university dormitory can range from 5,000 to 10,000 NTD per month.Â
Daily meals in university cafeterias can cost around 100 to 200 NTD per day. Monthly transportation can reach around 500 to 1,000 NTD with a student card.
Read Also: Want to Study in Taiwan? Check the Requirements Here!
Daily Living Costs in Taiwan
To understand daily expenses in Taiwan, you can estimate the cost of food, transportation, and other daily necessities. Eating out may cost around 150 to 300 NTD per meal.Â
Transportation expenses can range from 50 to 100 NTD per day. Therefore, your total daily expenses could range from 500 to 1,000 NTD, depending on your lifestyle and habits.
Daily Expenses
Living in Taiwan allows you to enjoy advanced infrastructure and comprehensive public facilities. However, it's important to understand the estimated daily costs to plan your finances better. Below are estimates for daily expenses in Taiwan for basic needs:
Meal cost
Food in Taiwan is relatively affordable. Eating at simple restaurants may cost around 150 to 300 NTD per meal. If you cook at home, your monthly grocery expenses can range from 3,600 to 6,000 NTD depending on individual needs. Here are some average prices for basic groceries in Taiwan:
Food Ingredients | Estimated Price |
1 liter of regular milk | 96.99 NTD |
1 kg of rice | 95.68 NTD |
12 eggs | 93.10 NTD |
500g loaf of bread | 60,47 NTD |
Fruits and vegetables (per kg) | around 90 NTD |
Transportation costs
Public transportation in Taiwan is efficient and affordable. The country has a well-developed transport system, including a modern metro network. Monthly transportation costs can range from 1,000 to 2,000 NTD.Â
If you use a private vehicle, fuel and maintenance costs should be considered. For more details, here are some transportation cost estimates in Taiwan:
Type of Transportation | Estimated Price |
One-way ticket (public transport) | 24,00 NTD |
Monthly ticket (regular price) | 1.200 NTD |
Taxi fare per 1 km (normal rate) | 25,00 NTD |
Taxi base fare (normal rate) | 85,00 NTD |
Accommodation Fees
Rent for a one-bedroom apartment in the city center of Taiwan is around 14,396 NTD. To provide a clearer picture of living expenses, here are some estimates for housing costs in Taiwan:
Area | Estimated Monthly Rent |
1-bedroom apartment (city center) | 14,000-20,000 NTD |
1-bedroom apartment (outside city center) | 10,000-12,000 NTD |
3-bedroom apartment (city center) | 30,000-40,000 NTD |
3-bedroom apartment (outside city center) | 20,000-25,000 NTD |
Price to buy apartment per meter (city center) | 200,000-300,000 NTD |
Price to buy apartment per meter (outside city center) | 100,000-150,000 NTD |
Miscellaneous expense
Other expenses such as entertainment, clothing, and personal needs should also be factored into your budget. These expenses can range from 5,000 to 10,000 NTD per month depending on your lifestyle and preferences.
Tips for Saving on Living Costs in Taiwan
- Use public transportation, which is affordable and efficient. Get a transport card to save on travel costs.
- Shop at traditional markets, which offer cheaper prices for groceries and daily necessities compared to supermarkets.
- Cooking at home can save a lot of money compared to eating out.
- Take advantage of promotions and discounts often offered by stores and restaurants.
- If you're a student, use your student card to get discounts at various places.
Cheapest Cities in Taiwan
Some cities in Taiwan offer more affordable living costs compared to Taipei, such as Kaohsiung, Taichung, and Tainan. These cities have lower accommodation, food, and transportation costs, making them ideal for those looking to save on living expenses.
By understanding the cost of living in Taiwan, you can plan your finances more effectively and enjoy a more comfortable life in the country. If you need money transfer services to Taiwan , you can use Easylink. With Easylink, you can send money to family, friends, or for personal needs safely, easily, and quickly. Enjoy a comfortable life in Taiwan without worry. Choose Easylink for secure and efficient money transfers!
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