Moving to Iceland from Taiwan

moving to

What to Expect

A comprehensive look at what changes when you move from Taiwan to Iceland — from daily expenses to quality of life.

If you moved from Taiwan to Iceland, you would find that Iceland is 2.7 times more expensive than Taiwan overall. A NT$2,400,000 salary in Taiwan would need to be roughly ISK24,400,000 in Iceland to maintain the same lifestyle, and you’d need to navigate life in Icelandic.

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Is Iceland cheaper than Taiwan?

The biggest cost differences at a glance

Restaurants

pay 5.3 times more

Groceries

pay 31.5% more

Transportation

pay 2.0 times more

Housing

pay 4.4 times more

Childcare

pay 56.8% more

Entertainment and Sports

pay 2.7 times more

See full cost of living breakdown
Exchange rate: 1 TWD = 3.73 ISK (October 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

What salary do you need in Iceland?

What does your salary buy?

NT$2,400,000 → ISK24,400,000

To maintain the same standard of living in Iceland

Calculate with your salary →

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Who Else Is Making This Move?

Real numbers on people moving from Taiwan to Iceland, and how the trend has changed.

Moved in 2015
1

people moved from Taiwan to Iceland · OECD (latest data available)

Who's moving to Iceland?

Top countries of origin for Iceland's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

How Taiwan and Iceland stack up on safety, healthcare, jobs, and infrastructure.

Will I have good infrastructure?

Internet access The World Factbook, 2024

share of households with internet

TW
90.0%
IS
98.2%

Iceland performs significantly better than Taiwan across all infrastructure metrics.

What are the job prospects?

Unemployment rate The World Factbook, 2025

percentage of the labour force without work

TW
3.7%
IS
3.6%
Top income tax rate Taxation Administration, Ministry of Finance, R.O.C., 2016

the highest marginal rate on personal income

TW
45%
IS
46%

Taiwan generally does better on employment & economy, though Iceland leads in unemployment rate.

Is it good for families?

Life expectancy The World Factbook, 2024

average years of life at birth

TW
81.2 yrs
IS
82.8 yrs
Infant mortality The World Factbook, 2024

deaths per 1,000 live births — lower is better

TW
4.0
IS
2.1

Iceland performs significantly better than Taiwan across all family life metrics.

Sources: The World Factbook (2012–2022), World Bank (2017–2025), Taxation Administration, Ministry of Finance, R.O.C. (2016), Directorate of Internal Revenue (2016). How we calculate this

Can you move from Taiwan to Iceland?

Short-stay tourist visa rules between Taiwan and Iceland. To live, work, or study long-term in Iceland, you'll need a separate residence or work visa — check Iceland's immigration authority.

Taiwan passport

Taiwan passport holder visiting Iceland

Visa Free
Taiwan passport holders can enter Iceland without a visa.
Iceland passport

Iceland passport holder visiting Taiwan

Visa Free
Iceland passport holders can enter Taiwan without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Iceland than Taiwan?

Day-to-day costs in Iceland run about 172% higher than Taiwan on average; specific cities can swing further.

How much money do I need to move to Iceland?

A safe rule of thumb is 3 months of local expenses plus relocation costs. On a NT$2,400,000 comparable salary, that's around ISK6,100,000 in Iceland for everyday spending, before flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Iceland?

Working remotely from Iceland's major cities is generally feasible. The legal layer matters more — visa category, employer policy on overseas employees, and tax residency in Taiwan and Iceland.

What language do they speak in Iceland?

The official language in Iceland is Icelandic. In Taiwan, the official language is Chinese.

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At a Glance

TW IS
Population 23,412,899 392,404
Currency New Taiwan Dollar (NT$) Icelandic Króna (ISK)
Languages Chinese Icelandic
Driving side Right Right
Calling code +886 +354
Time zones 1 1
Emergency number 110 112