Prices in Taiwan

What are the supermarket prices in Taiwan? Is the cost of living in Taiwan are higher than in United States? How much will it cost us to entertain in Taiwan and how much will we spend in restaurants and bars?
On this page below you will find the current price and cost overview in Taiwan: food prices, Restaurant prices, cost of living, and entertainment costs (The last update: today 4 hours ago)

Currency in Taiwan to New Taiwan dollar (TWD NT$). For 10 US dollars you can get 319 New Taiwan dollars. For 100 US dollars you can get 3.19 thousand New Taiwan dollars. And the other way: For 100 New Taiwan dollars you can get 3.26 US dollars.

What are the different prices in the cities in Taiwan? Look here: Prices in cities in Taiwan

Prices:

Summing up costs, it can be concluded that in Taiwan it is cheaper than in United States. Food is 13% cheaper. Dining in restaurants and bars will be cheaper by 59%. The cost of living in Taiwan is comparable to the cost of living in United States. If we want to spend time actively or to have fun, we will pay less than in United States about 22%.

See also how prices have changed in previous years: Price changes in previous years in Taiwan

Are hotels expensive in Taiwan? How much will we pay for a room in Taiwan?

The average price of accommodation in Taiwan is $78 (NT$2.5K). If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $48 (NT$1.5K) and if you like hostels, you'll spend the night there for: $28 (NT$880). The cost of a room in a 2-star hotel is Taiwan in $64 (NT$2K). 3-star hotels offer accommodation on average for $77 (NT$2.4K) Overnight stay in 4-star hotel costs $97 (NT$3K) in Taiwan If you are looking for the best conditions for your stay, then in 5-star hotels that will provide much more luxury you will have to pay $260 (NT$8.3K)

When you're thinking about traveling and it doesn't necessarily have to be a specific country, maybe the costs will be less than in Taiwan in one of the nearby countries? Check prices in: Hong Kong, Macau, Mexico, Philippines, and South Korea.

Comparison of selected prices in Taiwan with prices in United States:

Price changes in previous years in Taiwan

Has the price of bread increased in Taiwan?
Bread in previous years has cost: 2010: $1.4(NT$43), 2011: $1.2(NT$38), 2012: $1.2(NT$37), 2013: $1.5(NT$47), 2014: $1.6(NT$49), 2015: $1.6(NT$49), 2016: $1.5(NT$48), 2017: $1.7(NT$52), and 2018: $1.7(NT$52).

Bananas - price changes in years: 2015: $1.7(NT$52), 2016: $2.5(NT$79), 2017: $1.9(NT$58), and 2018: $1.8(NT$58)

Have prices increased in restaurants in Taiwan?
In inexpensive restaurants, the price for a meal was: 2010: $4.4(NT$140), 2011: $3(NT$92), 2012: $2.7(NT$86), 2013: $2.7(NT$84), 2014: $3.3(NT$100), 2015: $3.3(NT$100), 2016: $3.9(NT$120), 2017: $3.9(NT$120), and 2018: $3.6(NT$110)

Renting A Small Apartment In The Center - price changes in years: 2010: $490(NT$15K), 2011: $410(NT$13K), 2012: $460(NT$14K), 2013: $440(NT$14K), 2014: $490(NT$15K), 2015: $440(NT$14K), 2016: $460(NT$14K), 2017: $450(NT$14K), and 2018: $560(NT$17K)