Cost of living comparison

compared to

New Taipei City vs. Reykjavik Cost of Living Summary

New Taipei City is 40.5% cheaper than Reykjavik.

Restaurants: pay 77.3% less in New Taipei City
Groceries: pay 23.4% less in New Taipei City
Transportation: pay 51.5% less in New Taipei City
Housing: pay 43.1% less in New Taipei City
Childcare: pay 18.4% more in New Taipei City
Entertainment and Sports: pay 60.0% less in New Taipei City
Clothing: pay 46.6% less in New Taipei City

Expenses including restaurants, entertainment and sports, transportation, clothing, housing, and groceries are lower in New Taipei City.

New Taipei City vs. Reykjavik Cost Breakdown

If you lived in New Taipei City instead of Reykjavik, you would:

Display currency: USD

pay 77.3% less for restaurants

	Reykjavik	New Taipei City
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$4.92 NT$153.80	-82.1%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$5.41 NT$169.19	-76.2%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$0.87 NT$27.34	-73.8%
Bottle of water (11 fl. oz)	$2.70 ISK345	$0.62 NT$19.32	-77.1%
Average			-77.3%

Reykjavik vs. New Taipei City - Cost of restaurants

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pay 23.4% less for groceries

	Reykjavik	New Taipei City
Bread 1 loaf	$4.63 ISK593	$1.97 NT$61.52	-57.6%
Local cheese (8 oz)	$9.44 ISK1,208	$6.43 NT$201.10	-31.9%
Milk (1 gallon)	$7.63 ISK976	$12.05 NT$376.89	+57.9%
Eggs 1 dozen	$6.50 ISK832	$2.82 NT$88.18	-56.7%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$3.56 NT$111.25	-68.5%
Apples (1 lb)	$1.59 ISK204	$1.93 NT$60.46	+21.5%
Bananas (1 lb)	$1.17 ISK150	$1.09 NT$34.15	-6.7%
Oranges (1 lb)	$1.49 ISK190	$1.04 NT$32.44	-30.3%
Tomatoes (1 lb)	$2.54 ISK325	$1.29 NT$40.46	-49.0%
Potatoes (1 lb)	$1.70 ISK217	$1.64 NT$51.16	-3.6%
Onions (1 lb)	$1.13 ISK145	$0.76 NT$23.72	-32.9%
Average			-23.4%

Reykjavik vs. New Taipei City - Cost of groceries

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pay 51.5% less for transportation

	Reykjavik	New Taipei City
Gasoline (1 gallon)	$9.66 ISK1,236	$3.84 NT$120.25	-60.2%
Monthly public transit pass	$88.58 ISK11,337	$39.32 NT$1,230.44	-55.6%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$37,686.38 NT$1,179,169.22	-25.8%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$10.00 NT$312.74	-64.4%
Average			-51.5%

Reykjavik vs. New Taipei City - Cost of transportation

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pay 43.1% less for housing

	Reykjavik	New Taipei City
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$24.39 NT$763.04	-70.2%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$581.67 NT$18,199.98	-74.3%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$433.18 NT$13,553.86	-78.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$91.89 NT$2,875.04	+50.9%
Average			-43.1%

Reykjavik vs. New Taipei City - Cost of housing

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pay 18.4% more for childcare

	Reykjavik	New Taipei City
Private preschool for 1 child, monthly	$327.78 ISK41,949	$589.87 NT$18,456.56	+80.0%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$17,477.74 NT$546,861.09	-43.1%
Average			+18.4%

Reykjavik vs. New Taipei City - Cost of childcare

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pay 60.0% less for entertainment and sports

	Reykjavik	New Taipei City
Domestic/local beer (1 pint)	$13.12 ISK1,680	$1.72 NT$53.83	-86.9%
Cappuccino in mid-range area	$6.17 ISK790	$2.43 NT$75.88	-60.7%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$4.92 NT$153.80	-64.7%
Monthly membership at local gym	$87.35 ISK11,179	$39.74 NT$1,243.33	-54.5%
Movie ticket to theater/cinema	$17.18 ISK2,199	$11.47 NT$358.88	-33.3%
Average			-60.0%

Reykjavik vs. New Taipei City - Cost of entertainment and sports

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pay 46.6% less for clothing

	Reykjavik	New Taipei City
Regular jeans Levi's brand	$145.10 ISK18,569	$74.83 NT$2,341.25	-48.4%
Regular dress from H&M or similar store	$63.97 ISK8,187	$47.46 NT$1,485.07	-25.8%
Running shoes Nike or Adidas	$193.43 ISK24,755	$90.94 NT$2,845.39	-53.0%
Men's business shoes (leather)	$248.79 ISK31,840	$101.58 NT$3,178.43	-59.2%
Average			-46.6%

Reykjavik vs. New Taipei City - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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