Published: Monday, 21th October 2024
The cost of living in Taiwan is 1.01 times less expensive as compared to South Korea.
On this page, you will find side-by-side cost comparison between Taiwan and South Korea. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Taiwan and South Korea.
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Indicators | Taiwan | South Korea |
---|---|---|
1 BHK Apartment in City Center | 30,000 TWD (930 USD) | 800,000 KRW (600 USD) |
2 BHK Apartment in City Center | 50,000 TWD (1,550 USD) | 1,500,000 KRW (1,125 USD) |
3 BHK Apartment in City Center | 70,000 TWD (2,170 USD) | 2,500,000 KRW (1,875 USD) |
1 BHK Apartment outside City Center | 20,000 TWD (620 USD) | 500,000 KRW (375 USD) |
2 BHK Apartment outside City Center | 35,000 TWD (1,085 USD) | 1,000,000 KRW (750 USD) |
3 BHK Apartment outside City Center | 50,000 TWD (1,550 USD) | 1,500,000 KRW (1,125 USD) |
Mortgage Rates Per Month | 1.5 % | 3 % |
Realtor Commission | 1 % | 1 % |
Property Taxes | 1.4 % | 0.15 to 0.5 % |
The average housing cost in Taiwan is 1.35 times more expensive than South Korea.
Indicators | Taiwan | South Korea |
---|---|---|
Basic Home Furnishing | 100,000 TWD (3,100 USD) | 2,000,000 KRW (1,500 USD) |
Electricity Cost Per Month | 2,000 TWD (62 USD) | 50,000 KRW (37.50 USD) |
Heating Cost Per Month | 1,500 TWD (46.50 USD) | 70,000 KRW (52.50 USD) |
Cooling Cost Per Month | 1,500 TWD (46.50 USD) | 40,000 KRW (30 USD) |
Water Supply Cost Per Month | 500 TWD (15.50 USD) | 20,000 KRW (15 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 100.03% more for Utilities.
The basic home furnishing in Taiwan costs 2.07 times more compared to South Korea.
Indicators | Taiwan | South Korea |
---|---|---|
Standard Wifi Cost Per Month | 1,200 TWD (37.20 USD) | 30,000 KRW (22.50 USD) |
Mobile Phone Basic Plan Cost Per Month | 500 TWD (15.50 USD) | 30,000 KRW (22.50 USD) |
Landline Basic Plan Cost Per Month | 300 TWD (9.30 USD) | 10,000 KRW (7.50 USD) |
Cable TV Basic Plan Cost Per Month | 1,000 TWD (31 USD) | 20,000 KRW (15 USD) |
The internet and communication costs 37.78% more in Taiwan compared to South Korea.
Indicators | Taiwan | South Korea |
---|---|---|
Long Grain Rice (1 KG) | 60 TWD (1.86 USD) | 4,000 KRW (3 USD) |
Milk (1 Liter) | 70 TWD (2.17 USD) | 2,000 KRW (1.50 USD) |
Water (1 Liter) | 20 TWD (0.62 USD) | 1,000 KRW (0.75 USD) |
Bread (500 gm) | 35 TWD (1.08 USD) | 2,500 KRW (1.88 USD) |
Eggs (1 Dozen) | 90 TWD (2.79 USD) | 3,000 KRW (2.25 USD) |
Cheese (1 KG) | 300 TWD (9.30 USD) | 8,000 KRW (6 USD) |
Chicken Breast (1 KG) | 200 TWD (6.20 USD) | 10,000 KRW (7.50 USD) |
In Taiwan, the cost of 1 Liter Water and 1 Liter Milk is 1.24 times more expensive than the cost in South Korea.
If you lived in Taiwan, instead of South Korea, you would have to pay 5.03% more for Groceries.
Indicators | Taiwan | South Korea |
---|---|---|
Apples (1 KG) | 100 TWD (3.10 USD) | 5,000 KRW (3.75 USD) |
Bananas (1 KG) | 50 TWD (1.55 USD) | 3,000 KRW (2.25 USD) |
Oranges (1 KG) | 80 TWD (2.48 USD) | 4,000 KRW (3 USD) |
Tomatoes (1 KG) | 60 TWD (1.86 USD) | 3,500 KRW (2.63 USD) |
Potatoes (1 KG) | 40 TWD (1.24 USD) | 2,500 KRW (1.88 USD) |
Lemons (1 KG) | 120 TWD (3.72 USD) | 5,000 KRW (3.75 USD) |
Onions (1 KG) | 50 TWD (1.55 USD) | 3,000 KRW (2.25 USD) |
Lentils (1 KG) | 80 TWD (2.48 USD) | 6,000 KRW (4.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.33 times less for Fruits and Vegetables.
Indicators | Taiwan | South Korea |
---|---|---|
Meal at a Resonable Restaurant | 200 TWD (6.20 USD) | 12,000 KRW (9 USD) |
Three-Course Meal for Two | 800 TWD (24.80 USD) | 50,000 KRW (37.50 USD) |
Fast Food Combo Meal | 150 TWD (4.65 USD) | 8,000 KRW (6 USD) |
Normal Coffee | 100 TWD (3.10 USD) | 4,000 KRW (3 USD) |
Soft Drink | 50 TWD (1.55 USD) | 2,500 KRW (1.88 USD) |
Pizza for One | 300 TWD (9.30 USD) | 20,000 KRW (15 USD) |
Take-Out Delivery Meal | 250 TWD (7.75 USD) | 12,000 KRW (9 USD) |
Cigarette Pack of 20 | 150 TWD (4.65 USD) | 5,000 KRW (3.75 USD) |
Dining-Out costs 27.17% less in Taiwan compared to South Korea.
Indicators | Taiwan | South Korea |
---|---|---|
Wine Mid-Range Bottle | 1,000 TWD (31 USD) | 30,000 KRW (22.50 USD) |
Glass of Wine | 200 TWD (6.20 USD) | 10,000 KRW (7.50 USD) |
Domestic Beer Half Liter | 80 TWD (2.48 USD) | 3,000 KRW (2.25 USD) |
Imported Beer Half Liter | 120 TWD (3.72 USD) | 4,000 KRW (3 USD) |
Domestic Alcohol 1 Liter | 800 TWD (24.80 USD) | 15,000 KRW (11.25 USD) |
Branded Alcohol 1 Liter | 1,200 TWD (37.20 USD) | 30,000 KRW (22.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.53 times more for usual hard drinks.
Indicators | Taiwan | South Korea |
---|---|---|
Monthly Public Transportation Pass | 1,200 TWD (37.20 USD) | 60,000 KRW (45 USD) |
Single Public Transportation Ticket | 30 TWD (0.93 USD) | 1,200 KRW (0.90 USD) |
Single Train Ticket | Yet to Update () | 70,000 KRW (52.50 USD) |
Domestic Airplane Ticket | 5,000 TWD (155 USD) | 200,000 KRW (150 USD) |
Taxi Start Fare | 80 TWD (2.48 USD) | 3,000 KRW (2.25 USD) |
Taxi Rate Per Kilometer | 20 TWD (0.62 USD) | 1,000 KRW (0.75 USD) |
Car Rental Per Day | 2,000 TWD (62 USD) | 70,000 KRW (52.50 USD) |
Parking Fees in City Center Per Hour | 100 TWD (3.10 USD) | 3,000 KRW (2.25 USD) |
Parking Fees outside City Center Per Hour | 50 TWD (1.55 USD) | 1,500 KRW (1.13 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.17 times less for transportation.
Indicators | Taiwan | South Korea |
---|---|---|
Reasonable Vehicle Purchase Cost | 500,000 TWD (15,500 USD) | 30,000,000 KRW (22,500 USD) |
Vehicle Registration Cost | 10,000 TWD (310 USD) | 200,000 KRW (150 USD) |
Driving License Fees | 1,000 TWD (31 USD) | 50,000 KRW (37.50 USD) |
Car Insurance Cost | 15,000 TWD (465 USD) | 500,000 KRW (375 USD) |
Car Maintenance Cost | 3,000 TWD (93 USD) | 150,000 KRW (112.50 USD) |
Car Loan Interest Rates | 2.5 % | 4 % |
Fuel Per Liter | 35 TWD (1.08 USD) | 1,500 KRW (1.13 USD) |
Fuel Per Gallon | 150 TWD (4.65 USD) | 6,000 KRW (4.50 USD) |
Average Toll Fees | Yet to Update | 5,000 KRW 3.75 USD |
You would have to pay 1.41 times less for Vehicle purchase, daily operation and maintenance in Taiwan compared to that of South Korea.
Indicators | Taiwan | South Korea |
---|---|---|
Doctor Visit | 1,000 TWD (31 USD) | 70,000 KRW (52.50 USD) |
Specialist Visit | 1,500 TWD (46.50 USD) | 150,000 KRW (112.50 USD) |
Dentist Visit | 1,200 TWD (37.20 USD) | 80,000 KRW (60 USD) |
Eye Exam | 800 TWD (24.80 USD) | 60,000 KRW (45 USD) |
Mental Health Counseling | 1,500 TWD (46.50 USD) | 100,000 KRW (75 USD) |
Preventive Health Screening | 800 TWD (24.80 USD) | 80,000 KRW (60 USD) |
Physical Therapy | 1,000 TWD (31 USD) | 70,000 KRW (52.50 USD) |
Emergency Room Visit | 2,000 TWD (62 USD) | 150,000 KRW (112.50 USD) |
Hospital Stay Per Night | 5,000 TWD (155 USD) | 200,000 KRW (150 USD) |
Vaccinations | 500 TWD (15.50 USD) | 30,000 KRW (22.50 USD) |
Prescription Medication | 300 TWD (9.30 USD) | 20,000 KRW (15 USD) |
Over the Counter Medication | 150 TWD (4.65 USD) | 10,000 KRW (7.50 USD) |
Health Insurance Premiums | 5,000 TWD (155 USD) | 150,000 KRW (112.50 USD) |
Health Insurance Deductibles | 10,000 TWD (310 USD) | 30,000 KRW (22.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.06 times more for Health and Medical Treatment.
Indicators | Taiwan | South Korea |
---|---|---|
Cosmetic Procedures | 10,000 TWD (310 USD) | 500,000 KRW (375 USD) |
Spa Treatment | 3,000 TWD (93 USD) | 150,000 KRW (112.50 USD) |
Manicure Pedicure Cost | 1,000 TWD (31 USD) | 50,000 KRW (37.50 USD) |
Optical Glasses Cost | 1,000 TWD (31 USD) | 150,000 KRW (112.50 USD) |
Contact Lenses Cost | 800 TWD (24.80 USD) | 100,000 KRW (75 USD) |
Haircuts | 500 TWD (15.50 USD) | 20,000 KRW (15 USD) |
Hair Coloring | 2,000 TWD (62 USD) | 80,000 KRW (60 USD) |
Shampoo Price | 100 TWD (3.10 USD) | 4,000 KRW (3 USD) |
Toothpaste Price | 50 TWD (1.55 USD) | 2,000 KRW (1.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.38 times less for Personal Care Items and Treatment.
Indicators | Taiwan | South Korea |
---|---|---|
Pair of Nike Running Shoes | 3,000 TWD (93 USD) | 100,000 KRW (75 USD) |
Men's Shirt | 800 TWD (24.80 USD) | 40,000 KRW (30 USD) |
Women's Dress | 1,500 TWD (46.50 USD) | 80,000 KRW (60 USD) |
Summer Dress | 800 TWD (24.80 USD) | 40,000 KRW (30 USD) |
Men's Suit | 10,000 TWD (310 USD) | 500,000 KRW (375 USD) |
Men's Jeans | 1,500 TWD (46.50 USD) | 60,000 KRW (45 USD) |
Women's Jeans | 1,200 TWD (37.20 USD) | 50,000 KRW (37.50 USD) |
Men's Formal Shoes | 1,500 TWD (46.50 USD) | 120,000 KRW (90 USD) |
Women's Formal Shoes | 1,500 TWD (46.50 USD) | 100,000 KRW (75 USD) |
Men's Casual Shoes | 1,200 TWD (37.20 USD) | 80,000 KRW (60 USD) |
Women's Casual Shoes | 1,200 TWD (37.20 USD) | 60,000 KRW (45 USD) |
Underwear For Men | 200 TWD (6.20 USD) | 10,000 KRW (7.50 USD) |
Underwear For Women | 200 TWD (6.20 USD) | 10,000 KRW (7.50 USD) |
Socks For Men | 50 TWD (1.55 USD) | 5,000 KRW (3.75 USD) |
Socks For Women | 50 TWD (1.55 USD) | 5,000 KRW (3.75 USD) |
Wintercoat for Adults | 2,000 TWD (62 USD) | 100,000 KRW (75 USD) |
Sportswear | 1,000 TWD (31 USD) | 50,000 KRW (37.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.23 times less for Clothing and Footwear for Adults.
Indicators | Taiwan | South Korea |
---|---|---|
Children's Jeans | 800 TWD (24.80 USD) | 30,000 KRW (22.50 USD) |
Children's Normal Sneakers | 1,000 TWD (31 USD) | 40,000 KRW (30 USD) |
Children's Winter Coat | 1,500 TWD (46.50 USD) | 60,000 KRW (45 USD) |
Daycare for Infant | 10,000 TWD (310 USD) | 300,000 KRW (225 USD) |
Daycare for Toddler | 8,000 TWD (248 USD) | 250,000 KRW (187.50 USD) |
Childcare for Sick Days | 800 TWD (24.80 USD) | 50,000 KRW (37.50 USD) |
Early Childhood Education Programs | 6,000 TWD (186 USD) | 500,000 KRW (375 USD) |
Extra Curricular Activities | 1,000 TWD (31 USD) | 100,000 KRW (75 USD) |
Summer Camp for Kids | 3,000 TWD (93 USD) | 200,000 KRW (150 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.15 times less for Childcare and kids clothing.
Indicators | Taiwan | South Korea |
---|---|---|
PreSchool Fees | 12,000 TWD (372 USD) | 200,000 KRW (150 USD) |
Primary School Fees | 20,000 TWD (620 USD) | 500,000 KRW (375 USD) |
Secondary School Fees | 25,000 TWD (775 USD) | 700,000 KRW (525 USD) |
Private School Fees | 50,000 TWD (1,550 USD) | 1,000,000 KRW (750 USD) |
University Tuition Fees | 120,000 TWD (3,720 USD) | 2,000,000 KRW (1,500 USD) |
University Private Tuition Fees | 200,000 TWD (6,200 USD) | 4,000,000 KRW (3,000 USD) |
After School Activities | 1,000 TWD (31 USD) | 100,000 KRW (75 USD) |
Special Education Services | 2,000 TWD (62 USD) | 300,000 KRW (225 USD) |
Tutoring | 800 TWD (24.80 USD) | 50,000 KRW (37.50 USD) |
Textbooks Cost | 1,000 TWD (31 USD) | 100,000 KRW (75 USD) |
School Supplies | 500 TWD (15.50 USD) | 30,000 KRW (22.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.99 times more for school and education.
Indicators | Taiwan | South Korea |
---|---|---|
Movie Ticket (Single) | 300 TWD (9.30 USD) | 12,000 KRW (9 USD) |
Theater Ticket (Single) | 600 TWD (18.60 USD) | 30,000 KRW (22.50 USD) |
Concert Ticket (Single) | 800 TWD (24.80 USD) | 70,000 KRW (52.50 USD) |
Sports Event Ticket (Single) | 600 TWD (18.60 USD) | 50,000 KRW (37.50 USD) |
Gym Membership | 2,000 TWD (62 USD) | 80,000 KRW (60 USD) |
Swimming Pool Access | 1,500 TWD (46.50 USD) | 30,000 KRW (22.50 USD) |
Museum Entry Ticket | 200 TWD (6.20 USD) | 5,000 KRW (3.75 USD) |
Zoo Entry Ticket | 300 TWD (9.30 USD) | 10,000 KRW (7.50 USD) |
Amusement Park Entry Ticket | 800 TWD (24.80 USD) | 20,000 KRW (15 USD) |
Bowling | 300 TWD (9.30 USD) | 10,000 KRW (7.50 USD) |
Mini Golf | 400 TWD (12.40 USD) | 15,000 KRW (11.25 USD) |
Video Games | 1,500 TWD (46.50 USD) | 30,000 KRW (22.50 USD) |
Streaming Services | 200 TWD (6.20 USD) | 20,000 KRW (15 USD) |
Outdoor Equipment Rental | 1,000 TWD (31 USD) | 10,000 KRW (7.50 USD) |
Theme Park Annual Pass | 5,000 TWD (155 USD) | 150,000 KRW (112.50 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 1.18 times more for entertainment, recreation and fun activities.
Indicators | Taiwan | South Korea |
---|---|---|
Language Classes | 1,000 TWD (31 USD) | 200,000 KRW (150 USD) |
Parenting Classes | 800 TWD (24.80 USD) | 150,000 KRW (112.50 USD) |
Art Classes | 600 TWD (18.60 USD) | 25,000 KRW (18.75 USD) |
Fitness Classes | 500 TWD (15.50 USD) | 20,000 KRW (15 USD) |
Music Lessons | 1,000 TWD (31 USD) | 40,000 KRW (30 USD) |
Dance Lessons | 800 TWD (24.80 USD) | 30,000 KRW (22.50 USD) |
Reading Materials for Classes | 300 TWD (9.30 USD) | 10,000 KRW (7.50 USD) |
Educational Software | 500 TWD (15.50 USD) | 100,000 KRW (75 USD) |
If you lived in Taiwan, instead of South Korea, you would have to pay 2.53 times less for Private Classes.
Indicators | Taiwan | South Korea |
---|---|---|
Average Gross Monthly Salary | 50,000 TWD (1,550 USD) | 3,000,000 KRW (2,250 USD) |
Average Net Monthly Salary | 35,000 TWD (1,085 USD) | 2,400,000 KRW (1,800 USD) |
Minimum Wages | 933.33 TWD per hour (28.93 USD) | 83,333.33 KRW per hour (62.50 USD) |
Average Bonus | 5,000 TWD (155 USD) | 500,000 KRW (375 USD) |
Income Tax Rate | 0 to 5 % | 0 to 10 % |
Social Security Contributions | 6 % | 5 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 70 | 60 |
Median Household Income | 45,000 TWD (1,395 USD) | 2,500,000 KRW (1,875 USD) |
If you lived in Taiwan, you would earn 1.51 times less salary as compared to South Korea.
Indicators | Taiwan | South Korea |
---|---|---|
Legal Consultation Per Hour Rate | 2,000 TWD (62 USD) | 100,000 KRW (75 USD) |
Accounting Services Per Hour Rate | 1,800 TWD (55.80 USD) | 80,000 KRW (60 USD) |
IT Support Services Per Hour Rate | 1,500 TWD (46.50 USD) | 70,000 KRW (52.50 USD) |
Technician Services Per Hour Rate | 1,200 TWD (37.20 USD) | 60,000 KRW (45 USD) |
Professional Services cost 1.15 times less in Taiwan, as compared to South Korea.
We hope you enjoyed the detailed guide on the cost of living comparsion between Taiwan and South Korea.
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