So you have finally decided on your next trip, and you have picked Taiwan as your destination. Maybe you’ve seen some of the island’s best places to visit and thought it’s an excellent choice for you. But for your plan to be complete, you cannot miss the financial side of your trip. This is why today we are discussing the cost of living in Taiwan and how much you will spend while traveling. So, take your pen and paper, and let’s start adding numbers.
The cost of living in Taiwan
For the sake of diversity, we’ll look at both, traveling on a budget, and mid-range travel because most of the travelers fall into that category. Of course, you can always upgrade or downgrade from these starting prices, but this would be a great place to start your budget planning from.
Total cost breakdown
- Accommodation: 35%of daily costs
- Transportation: 15%of daily costs
- Food + drinks: 42%of daily costs
- Paid activities + miscellaneous: 8%of daily costs
Accommodation cost in Taiwan
This segment of the expenses always varies by preference, but if we take the average, apartments on Airbnb or booking as well as hostels cost anywhere from $20 to $60 per day. If you are a solo traveler looking to get as much from this trip as possible, it’s always better to rent a shared room in a hostel where you have the chance to meet other travelers for a more fun experience. A shared room in a nice hostel in Taipei will be around $10-$30. However, if you’re traveling in 2 or more, then renting an apartment is always the best idea as you have more privacy, and by sharing the cost, you actually save money.
Food cost in Taiwan
When it comes to food when traveling, it’s best to try local food as much as you can. This way, you can immerse yourself in the culture the most, and you will give your taste buds a chance to discover new delicacies too. Of course, this will always be the cheapest option as well, especially if you use street food places instead of sit-in restaurants. That said, on average, you can expect to spend anywhere from NT160 to NT420 for 3 meals per day for one person. That’s close to $5 to $15 depending on your preferences and the place you’re buying the food from.
Transport cost in Taiwan
Taiwan is an island full of natural wonders. You have beautiful beaches surrounding it, and in the heart of it, there are the natural parks, the mountains, the villages with breathtaking views, museums and so much more. So, while there, the point is to travel as much as you can and see everything you are interested in. Of course, the most convenient way of traveling is by renting a vehicle and setting your own pace of the trip. This way, you won’t be overpaying for taxis, but also you won’t be limited by the timeline of public transportation. Plus, with public transport, you aren’t able to visit specific beaches or mountain sites as the lines aren’t connected so well. For instance, the East Coast has some of the most beautiful beaches and places, but the center of Taiwan is very mountainous and has superb hiking opportunities. By relying on public transportation only, you will be missing on so much while traveling by taxi costs significantly more. So, for the highest convenience and comfort during your Taiwan trip, you can rent your van and save time and money on daily transportation. Additionally, if you plan on touring the island and visiting many of its places, you can save yourself a lot of time on reservations and accommodation costs by renting a van too, simply because you can sleep in it, store food, cook, and stay wherever you want, for how long you want. Now that’s a real adventure if you ask me.
With that said, if you still need to travel around by public transport or taxi in Taiwan, the approx. cost of the local transportation will be $0.7 per one-way ticket, while the starting fee of the taxi is $3 and then $0.7 per every additional kilometer. The local trains or high-speed rails range $20-40 per ticket, depending on the destination. And a liter of gasoline costs $0.99.
Also, the trip from the airport to Taipei or vice versa will range from $30 to $40 when going by taxi or uber.
All in all, Taiwan is a pretty affordable place to travel when compared to other destinations in Asia. For what it offers, it is definitely worth spending a few weeks’ time and visiting all beautiful spots the island has to offer.