Cost of living and prices in Taiwan, prices of food, rent, shopping, etc. 🇹🇼
Updated Jul 2023

When it comes to dining options in Taiwan, it's safe to say that there is something for everyone. From bustling night markets serving up local street food favorites to fine-dining establishments serving up contemporary Taiwanese cuisine, you won't be disappointed. For those who love seafood, there's no shortage of fresh seafood markets where you can handpick your meal. And for those with a sweet tooth, Taiwan is famous for its diverse range of desserts, including bubble tea, shaved ice, and pineapple cakes.

In addition to traditional Taiwanese cuisine, there are also a variety of international food options to choose from. You'll find everything from Italian and French to Mexican and Japanese restaurants scattered throughout the main cities. Whether you're looking for a quick bite or a fancy dinner, you're sure to find something that suits your taste buds in Taiwan. And with many restaurants open late into the night, you can enjoy a meal at any time of day.

Market prices in Taiwan can vary depending on the location and the type of product. Generally, products in urban areas tend to be more expensive than those in rural areas. However, there are exceptions to this rule. For instance, some rural areas may specialize in producing certain products, which may be priced higher due to their quality and rarity.

Another factor that affects the market prices in Taiwan is competition. In areas with a high concentration of businesses selling the same type of products, prices tend to be lower since businesses have to compete to attract customers. However, in areas where businesses are few, and there is no competition, prices can be higher as businesses can charge more without losing customers.

Taiwan boasts a highly efficient and affordable transportation system. One popular option is the Taipei Metro, a fast and convenient subway system that covers most of the city. For those looking to explore beyond the city, Taiwan's extensive train system offers a comfortable and reliable way to travel across the country. High-speed bullet trains make it possible to travel from Taipei to Kaohsiung, a distance of over 300km, in just two hours. Additionally, there are buses and taxis available for those looking for more flexibility.

If you're feeling adventurous, renting a scooter is a great way to explore Taiwan's scenic countryside. With a valid international driver's license and some basic knowledge of local traffic laws, you can zip through winding mountain roads and picturesque seaside towns. Another unique transportation option in Taiwan is the Ubike system, a network of city bikes available for rent at various locations. This is a great way to get some exercise while exploring the city at your own pace.

Utilities cost in Taiwan can be quite reasonable. While the exact cost will vary depending on where you are staying and what your specific needs are, overall, expect to pay significantly less for electricity, water, and gas than you might in other countries. Of course, certain expenses such as air conditioning during the summer months can add up, but if you're conscious about your energy usage, you can generally keep your overall utilities costs quite low. This is great news for budget travelers who want to keep their expenses down while still enjoying all that Taiwan has to offer.

One thing to keep in mind about utilities cost in Taiwan is that there are a number of different service providers, and it can sometimes be difficult to navigate the system as a non-native speaker. To help ensure that you're getting the best deal possible on your utilities, it may be helpful to enlist the assistance of a local friend or tour guide who can help you understand the ins and outs of the various providers and their offerings. With a little bit of research and guidance, however, you should be able to find a utility provider that meets your needs at a reasonable price, allowing you to fully enjoy your time in Taiwan without breaking the bank.

Salaries in Taiwan vary widely depending on the industry and job. The average salary for a university-educated professional is higher than that of a non-university educated worker. The technology industry is one of the highest paying industries in Taiwan, while jobs in the service industry or part-time positions may have lower salaries. It's important to note that Taiwan has a high cost of living compared to other countries in Asia. However, the cost of living in Taiwan is still lower than in many western countries, making it an affordable destination overall.

Financing in Taiwan is relatively easy due to the country's advanced banking system. Most banks are open from 9 am to 3:30 pm on weekdays and from 9 am to noon on Saturdays. Credit cards are widely accepted in Taiwan, and ATMs are readily available in most cities, making it easy to withdraw local currency. There are also many currency exchange services available in major cities and at airports. It's worth noting that some smaller businesses may only accept cash, so it's always a good idea to have some local currency on hand, especially when traveling to rural areas or smaller towns.

Childcare prices in Taiwan can be quite high, especially for families seeking quality education and care for their young children. Schools and kindergartens, in particular, are known for their excellent facilities, experienced teachers, and rigorous academic programs. These institutions often require extensive fees to cover the costs of staffing, resources, and facilities.

Despite the high costs, many families in Taiwan consider childcare to be a crucial investment in their child's future, and are willing to pay a premium for the best education and care services. As a result, there is a strong demand for quality childcare services throughout the country, with many parents opting to enroll their children in prestigious schools and kindergartens early on in their education. While the cost of childcare in Taiwan may be steep, the benefits of a high-quality education and care services are seen as invaluable by many families.

Taiwan offers a wide range of clothing and shoe options, catering to different styles and preferences. From high-end designer brands to affordable fast fashion retailers, there's something for everyone. Night markets are also a popular destination to find unique and quirky pieces at bargain prices. Additionally, shopping malls and department stores are common places to find both local and international brands.

When it comes to shoes, Taiwan has a thriving sneaker culture with many dedicated shops and events for sneaker enthusiasts. There are also options for comfortable and practical footwear such as sandals and hiking boots, as Taiwan offers many opportunities for outdoor activities. Whether you're looking for trendy fashion pieces or functional shoes, Taiwan's diverse shopping scene has got you covered.