Cost of living in United States compared to Taiwan (2024)

FAQs

Cost of living in United States compared to Taiwan? ›

Cost of living in United States is 82% more expensive than in Taiwan.

The cost of living in Taiwan is lower on average than in the United States. Eating out and housing tend to be more affordable than in the USA, but groceries and the average amount spent on transportation may be higher in Taiwan. We used crowd-sourced data to compare the average reported costs in both countries.

The average salary in Taiwan is 129,000 TWD (New Taiwan Dollar) or around USD 4,203 per month (as per the exchange rates in May 2023). To give you a reference, the average monthly salary in the United States is USD 7900, which is significantly higher than in Taiwan.

Summary of cost of living in Taiwan: A family of four estimated monthly costs are 2,730.4$ (89,002.9NT$) without rent. A single person estimated monthly costs are 748.1$ (24,384.7NT$) without rent. Cost of living in Taiwan is, on average, 35.8% lower than in United States.

Answer: The average cost of living in Taiwan is around 89,787 NT$ for a family of four members, while the estimated monthly cost for a single person is 24,621 NT$ without rent. This means the cost of living is decent compared to other countries.

Taipei, Taiwan

One- to two-bedroom properties in the city cost a median of $473,500, according to June 2021 data compiled by global property agent Savills. Three- and four-bedroom properties, meanwhile, came in at a median of $977,000. High-rise buildings sprawl out across the Taiwanese capital Taipei.

Taiwan Annual Household Income per Capita reached 16,714.808 USD in Dec 2022, compared with the previous value of 17,102.731 USD in Dec 2021. Taiwan Annual Household Income per Capita data is updated yearly, available from Dec 1983 to Dec 2022, with an averaged value of 9,891.014 USD.

While Mandarin Chinese is the official language of Taiwan, you'll find a unique linguistic landscape on the island. English is spoken by around 28.5% of the population as a second language, reflecting its global significance. However, it's important to note that English is not an official foreign language in Taiwan.

Generally speaking, no special government approval is required for a foreigner to occupy real estate in Taiwan.

The average salary in Taiwan is approximately NT$677,000 (US$21,689) per year. Taiwan's diverse economy, which encompasses manufacturing, technology, and services, offers an array of opportunities that contribute to the overall average salary.

Can Americans live in Taiwan? ›

Taiwan is an excellent destination for expats wanting a peaceful relocation. A few famous expat destinations in Taiwan include, Taipei: Also known as the national capital, this region is a major hotspot for all Americans moving to Taiwan.

A survey of Taiwanese adults aged 50-64 has found that they think they will need savings of NT$8.37 million (US$275,245) on average to retire, or NT$1.12 million more than they would be likely to receive from government-run retirement programs.

For visa-waiver travel, your U.S. passport must be valid through the number of days you intend to stay. Six-month passport validity is not required. If you plan to stay longer than 90 days or plan to work or reside in Taiwan, you need a Taiwan visa prior to traveling.

Taiwan is extremely friendly and welcoming to foreigners. This is particularly the case in cosmopolitan Taipei, where a great command of English and plenty of Western creature comforts undergird the hospitality that pervades everywhere in the country.

A survey of Taiwanese adults aged 50-64 has found that they think they will need savings of NT$8.37 million (US$275,245) on average to retire, or NT$1.12 million more than they would be likely to receive from government-run retirement programs.