Moving to Taiwan – The Price of a Starting a New Life

Starting over in a new country can be really expensive – emotionally, mentally, and financially. It can break your bank while it breaks your heart, as you get rid of all your “stuff” and break-up with your old life. So, if you’re considering moving to Taiwan, here’s a breakdown of real-life expenses to help in making your decision.

In many cultures, talking about money is considered taboo. Personally, I hate money and wish we could live simply like the primitive people on the island of Yap where men wear little skirts and deals are made with gigantic stone discs instead of money. But we live in a more complicated world with the additional complication of money, so let’s talk about it.

Stone disc money on Yap Island.
Stone disc money on Yap Island.

This financial breakdown is based on life in Hsinchu, the sixth largest city in Taiwan. Hsinchu is known as “the Silicon Valley of Taiwan”. Being in the center of technology companies, there are tons of job opportunities to teach Business English to adults.

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RELATED ARTICLE – Teaching English in Taiwan – The Inside Story

Housing Costs

During my first year in Taiwan, I rented an apartment in a nondescript high rise building on a busy road. It was 10 ping in area (about 350 square feet), with no kitchen, just one large room (bedroom/living area) and a bathroom. The view of the mountains was wonderful and the large windows allow lots of natural light. These two features sold me on the place. Fortunately, at $10,000NTD (about $312 USD) per month, the price was right too.

My employer introduced me to a real estate agent who took me to some really dark and depressing places before showing me the light, bright, mountain view unit. A few days later we met to sign the lease (all in Chinese) and I was prepared to pay the usual one month deposit in addition to first month’s rent. At that point, I found out that I was required to PAY THE REALTOR the equivalent of one month’s rent too. Unlike in the US where the owner pays the rental agent fees, in Taiwan that expense is passed to the renter.

After that first year, I moved to a wonderful complex right on the edge of town. My beautiful one-bedroom apartment has a full kitchen, comfortable L-shaped sectional, large patio, and a garden. It’s also 10 ping in area and the same price as the first apartment at $10,000NTD per month. Since I was able to find it through friends and not a realtor, I didn’t have the additional expense of the agent commission or a lease.

(The complex I lived in, sometimes referred to as “The Commune”, offers a wide variety of housing options ranging in price from $5000 – $16,000NTD per month.)

Price Conversion: $10,000NTD = $312 USD per month

Bungalow garden apartment located on the edge of Hsinchu, Taiwan.
Cute little bungalow apartment.


My apartment includes cable TV and internet but I pay for gas and electric and the charges vary greatly with the season. My electric bill is around $700NTD in the winter and jumps to around $3000NTD in the summer, but the air conditioner was a necessary splurge during the hot, humid summers. Gas for heating and cooking costs $700NTD every 4-5 months, a pretty minimal expense.

Price Conversion: $22 – $95 USD for electricity   /  $15 – $22 USD for gas (every 5 months)


I purchased my used scooter for about $16,000NTD and have been driving it for almost 3 years with no issues. Quality used scooters are readily available and range in price from $10,000 – $20,000NTD for a dependable 125cc scooter. I fill my gas tank once a week for about $100NTD.

Owning a scooter in Taiwan also allows you to explore some of the more remote mountain villages and really get to know the area!

Price Conversion: $500 USD for my scooter   –  $312 – $625 USD for used scooters

Scooter parked along a road with beautiful mountain views and blue sky.
Scooter views – Taiwan

Transportation / Travel

For occasional trips to Taipei or other parts of Taiwan, I usually splurge on the High-Speed Rail rather than the bus. The HSR costs $290NTD one way from Hsinchu to Taipei compared to $200NTD round trip on the bus. Despite the steeper price, I still prefer the speed and comfort of the train.

Traveling around in Taiwan tends to be more expensive than southeast Asian countries, with higher hotel and transportation costs. For example, the hostel we stayed at in Tainan was $800NTD per person for a double room, much higher than comparable accommodations in Thailand, Cambodia, or Vietnam.

Fortunately, there are tons of budget airlines now flying out of Taipei which makes it easy to explore the surrounding countries. Air Asia has convenient service all over Asia with connections through Kuala Lumpur. (And then there’s also Peach, Vanilla, NOK, Scoot…)

Price Conversion: $9USD each way on HSR    –   $6.25USD round trip on the bus to Taipei

Cell Phone

When I first arrived in Taiwan I was hesitant to commit to a cell plan, assuming it would be ridiculously expensive like in the US. After a few months, I did some comparison shopping and, surprisingly, purchased a Samsung tablet for only $49 USD with a 2-year agreement. My monthly bill for unlimited everything is $900NTD. And after the first year, my Samsung tablet was replaced for free. (Great deal!) Another option I considered is a prepaid SIM card from Lycamobile with unlimited international talk, text, and data for only $23.

Price Conversion: $28 USD per month for cell service

Health Insurance when moving to Taiwan

Taiwan has a wonderful National Health Insurance program and my employer covers most of my premium. I pay only $1070NTD per month, which is taken from my paycheck. The co-pay for a typical clinic visit is only $150NTD.

Price Conversion: $33 USD per month for insurance premium   –  $4.60 USD co-pay per visit

Food / Entertainment and miscellaneous stuff

The typical Taiwanese apartment lacks a kitchen, which is fine because most people eat out regularly. Local dishes are delicious and cheap – fried rice for $50NTD, Vietnamese dishes for $80NTD, Thai delicacies for $80-$120NTD – so it’s usually cheaper and easier to eat out. I typically budget $3000NTD per week for food, drink, buying plants at the flower market, and miscellaneous other “stuff”.

Price Conversion: $375 – $400 USD per month for miscellaneous purchases

My total monthly expenses in Taiwan are less than just my housing expenses in the US. Even if I go over budget, I still can live comfortably on less than $1000 USD per month.

Winter: $807 USD per month                             Summer: $880 USD per month

(I’m not sure what that converts to in Yap stone discs, but it’s probably just a few of the lighter ones.)

One of the huge benefits of taking the leap of faith on moving to Taiwan is the ability to spend less to live so you can spend more time on life, living a more simple life like on the island of Yap. It’s a balancing act and, hopefully, this real-life financial breakdown will help in making your decision on where to leap!

For other benefits to consider when moving to Taiwan, check out my article “9 Reasons Expats Choose Taiwan”. If you’re considering teaching English, check out the inside story in “Teaching English in Taiwan – The Inside Story”.

Teaching English really is the best way to fund a new life in Asia! Any other questions regarding teaching English or moving to Taiwan, feel free to send me an email! 

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2 Replies to “Moving to Taiwan – The Price of a Starting a New Life”

  1. A useful – and sincere – tab of expenses, well written. I’m all for economy but as an older man strenuously recommend the occasional splurge that you can really enjoy when young.

    1. I agree, and fortunately the low cost of living in Taiwan makes that occasional splurge quite easy. I usually choose to splurge on travel! 🙂

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