Cost of Living in Taiwan 2024: Living expenses for Indians

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Nestled in the heart of East Asia, Taiwan is a vibrant island country known for its stunning viewpoints, technology, and affordable cost of living for Indians. 

Taiwan survey reveals that in 2023, over 1,00,000 international students chose Taiwan for their studies, drawn from its reputable universities and diverse cultural experiences. 

With that said, the average cost of living in Taiwan is INR 30k (NT$11K) per month. This cost includes essential expenses on food, transportation, and entertainment.

The rich culture, modern insight, and affordable cost of living in Taiwan await you! Get to know your side of the budget story in this comprehensive guide. Discover how you can make the most of your student life in Taiwan, balancing your budget while mesmerising everything this incredible island has to offer.

Key highlights

Taiwan is one of the most inexpensive countries students can dream of! From getting the best universities to the average cost of living in Taiwan,  everything is summed up below. 

Why Choose Taiwan?Prestigious Academic Excellence
Safety and Accessibility
Employment opportunities post-graduation
Cost Of Living In Taiwan For Indian StudentsTransportation Cost in Taiwan: INR 2.5K (NT$1K)
Grocery Cost in Taiwan: INR 7K (NT$3K)
Restaurant Costs in Taiwan: INR 3K (NT$1.3)
Utility Costs in Taiwan: INR 4K (NT$1.9K)
Scholarships Available To Reduce the  Cost Of Living In TaiwanTaiwan Scholarship: Full tuition fees
NTU Scholarship: Full tuition fees
MOE Scholarship: Full tuition fees
Things To Know When Moving To TaiwanAverage Salary: INR 1K (NT$400) per hour
Healthcare Insurance: INR 1.5K (NT$600)
Attractions To Visit: free of cost
Cost Of Living In Taiwan vs Other CountriesTaiwan: INR 30K (NT$12K
Japan: INR 70K (¥1L)
USA: INR 1L ($1.5K)
UK: INR 90K (£900)
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Why Choose Taiwan?

Cost of Living in Taiwan 2024: Living expenses for Indians

Taiwan brings a quality education that is globally recognised. The 2023 survey results revealed that nearly 45% of international students were primarily drawn to Taiwan by its friendly and welcoming culture.

Besides the affordable cost of living in Taiwan, here are other compelling reasons why this island country should be your top choice for higher education.

  • Prestigious Academic Excellence: Taiwan’s universities are consistently ranked among the top in Asia, offering a wide range of programmes taught in English. With over 160 higher education institutions, Taiwan caters to a variety of academic interests and disciplines. According to the QS World University Rankings 2025, National Taiwan University is ranked 68th globally.
  • Vibrant Student Life: Taiwan’s campuses are known for their vibrant student life! For example, National Taiwan University holds the annual NTU International Cultural Festival, where students from various countries showcase their traditions, cuisine, and performances. This active student life helps you feel at home and build lasting friendships.
  • Safe Environment for International Students: Taiwan is known for its safety and accessibility. It ranks as one of the safest countries in the world. According to the Global Peace Index 2023, Taiwan is ranked 34th out of 163 countries. Nothing is more superior than your safety!
  • Employment Opportunities Post-graduation: Taiwan universities provide numerous internship and job opportunities post-graduation. In 2023, the average monthly salary for graduates was approximately INR 1.2L (NT$50K). Top companies include Acer, HTC, and Asus.

Cost Of Living In Taiwan For Indian Students

Taiwan is rapidly scoring as a preferred destination for Indian students like you! 

According to the QS World University Rankings 2025, Taipei, Taiwan, was ranked among the top 30 most cost-effective countries for international students. 

Taiwan’s living cost per month is approximately INR 30K (NT$11K, excluding rent). The country provides a budget-friendly environment without compromising on the quality of education. 

What’s super catchy for you? You can enjoy a meal at a local night market for as low as INR150 (NT$60).

Want to explore the specific breakdown of the cost of living in Taiwan. Read on for key details.

  • Transportation Cost in Taiwan

Did you know that the National Taiwan University (NTU) provides free shuttle services around campus and nearby areas? It might save you a lot of money! 

Compared to other major cities like Tokyo and Seoul, Taipei’s public transport system ranks highly in terms of affordability and user satisfaction. In 2023, Taipei was ranked eighth out of 19 cities with the best public transport systems globally, with a 92% satisfaction rate among locals.

Here’s a detailed breakdown of the transportation costs for you in Taipei, Taiwan.

Mode of TransportCost
Taipei Metro (MRT)
Monthly PassINR 1.8K (NT$700)
Single Journey (Average)INR 60 (NT$25)
City Buses
Single JourneyINR 20-60 (NT$10-NT$30)
Monthly PassINR 1.2K (NT$500)
High-Speed Rail (HSR)
Taipei to Kaohsiung (One-way)INR 2.5K (NT$1,000)
Student Discount (up to 20% off)INR 2K (NT$800)
Taxis
Base FareINR 240 (NT$100)
Per KilometreINR 40 (NT$15)
Night Surcharge (10 PM – 6 AM)Additional 20%
  • Grocery Cost in Taiwan

A unique aspect of grocery shopping in Taiwan is the prevalence of night markets! Here, you can purchase fresh produce and snacks at significantly lower rates compared to typical retail stores. 

The Taipei City Government recently reported that students in Taiwan spend an average of INR 7K (NT$3K) per month on groceries. This affordability is complemented by the high quality and variety of food available, from local delicacies to international products.

Here is a detailed breakdown of the prices for common grocery items in Taipei, Taiwan.

Grocery ItemCost in INRCost in NT$
1 litre Milk12050
1 kg Rice10040
1 dozen Eggs18070
500g Bread15060
1 kg Apples20080
1 kg Bananas10040
1 kg Tomatoes12050
1 kg Potatoes9035
  • Restaurant Costs in Taiwan

The country is famous for its street food, which is delicious and affordable. In fact, GPS City named Taiwan the “food capital of Asia” in a 2023 survey, highlighting its rich culinary heritage and affordable dining options​.

Delicious meals like noodles, tofu, and bubble tea can be enjoyed for as low as INR 150 (NT$60). 

Are you still looking for more affordable meal options that will keep your living expenses in Taiwan to a minimum while you’re studying? Taiwan’s “bento box” culture is the answer to your prayers! It originates from Japanese influence, where you can get a complete meal in a convenient, portable package for around INR 240 (NT$100).

Here’s a detailed breakdown of how much you will be spending on food in Taiwan.

Type of Restaurant/ CuisineCost in INRCost in NT$
Street Food (per meal)INR 150NT$60
Inexpensive Restaurant (per meal)INR 300NT$120
Mid-Range Restaurant (3-course meal for 2)INR 2,500NT$1,000
Fast Food Combo MealINR 360NT$150
Coffee (regular)INR 240NT$100

Additional tip: Universities also have affordable cafeterias where you can enjoy nutritious meals at subsidised prices. Some institutions, like National Chiao Tung University (NCTU), offer meal coupons as part of their student support programme. Check them out for sure to keep your cost of living in Taiwan under control.

Here is a table listing some of the top affordable restaurants in Taipei, where you can enjoy meals within the mentioned price range.

Restaurant NameLocation
Din Tai FungMultiple locations, including Xinyi Road
Ay-Chung Flour-Rice NoodleNo. 8-1, Emei Street, Wanhua District
Raohe Street Night MarketRaohe Street, Songshan District
Shilin Night MarketJihe Road, Shilin District
Fuhang Soy MilkNo. 108, Section 1, Zhongxiao East Road
Modern Toilet RestaurantNo. 50-7, Xining South Road, Ximending
  • Utility Costs in Taiwan

You are not going to be burdened with heavy utility costs! How? Taiwan has a prevalence of smart metres and energy-efficient appliances, which help in managing consumption and reducing costs.

On top of that, the TaiwanICDF (International Cooperation and Development Fund) scholarship programme provides comprehensive support, including coverage for dormitory fees where utilities are included​. 

That means international students living in on-campus housing do not need to worry about additional utility bills.

Here is a detailed breakdown of the typical living expenses in Taiwan that go towards the monthly utility bill.

UtilityCost in INRCost in NT$
Electricity, Water, GasINR 3KNT$1.2K
Internet (high-speed)INR 1.2KNT$500
Mobile Plan (4G, 5GB data)INR 600NT$250
  • Housing Costs in Taiwan

In Taiwan, the cost of renting an apartment varies significantly depending on its location. In major cities like Taipei, the rent for a one-bedroom apartment in the city centre averages around INR 52K(NT$21K). A similar property will cost you around INR 30K (NT$12K) per month outside the city centre.

Additionally, the Taiwan government has introduced housing subsidies specifically for international students! These subsidies help reduce the financial burden by covering part of the rent, especially in high-demand areas like Taipei. You can’t resist this offer!

Here’s a detailed breakdown of the cost of renting an apartment and the price per square metre to buy. 

Type of AccommodationCost in INR Cost in NT$ 
1-Bedroom Apartment (City Centre)INR 52K Per MonthNT$21K per month
1-Bedroom Apartment (Outside Centre)INR 30K Per MonthNT$12K per month
3-Bedroom Apartment (City Centre)INR 1.5L Per MonthNT$42K per month
3-Bedroom Apartment (Outside Centre)INR 67K Per MonthNT$27K per month
Price per Square Meter (City Centre)INR 3L per sqmNT$1.2L per sqm
Price per Square Meter (Outside Centre)INR 2L per sqmNT$78K per sqm

Also read Top 10 Cheapest Countries to Study Abroad for Indian Students 2024

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Cost of Living in Taiwan 2024: Living expenses for Indians

Top Universities In Taiwan For Indian Students

Taiwan has several universities ranked among the top 100 in Asia, according to the QS global ranking 2025. These universities are renowned for their academic excellence, innovative programmes, and international collaborations, making them attractive destinations for students worldwide.

For instance, National Taiwan University (NTU) consistently ranks within the top 20 in Asia, highlighting the country’s commitment to higher education. This focus has attracted a growing number of international students like you, with over 1,00,000 enrolling in Taiwanese universities in the past year. 

Cost of Living in Taiwan 2024: Living expenses for Indians

Here’s an overview of the best universities in Taiwan.

University QS World Ranking 2025
National Taiwan University (NTU)68
National Cheng Kung University (NCKU)215
National Tsing Hua University (NTHU)Not Ranked
National Chiao Tung University (NCTU)Not Ranked

National Taiwan University of Science and Technology (NTUST)
Not Ranked

1. National Taiwan University (NTU)

NTU hosts over 32,000 students, with around 5,000 international students from more than 100 countries, reflecting its global appeal and commitment to diversity.

The university offers over 300 courses taught in English, catering to international students who may need to improve in Mandarin. Isn’t it great!

Explore the university courses and their affordable tuition fees that can make the cost of living in Taiwan manageable.

Degree LevelTuition Fees (per year)Courses Offered
UndergraduateINR 2L (NT$84K)Computer Science
Business Administration 
Civil Engineering
PostgraduateINR 2.4L (NT$96K)International Business
Biomedical Engineering
Law
PhDINR 3L (NT$2L)Environmental Science
Mechanical Engineering
Public Health

2. National Cheng Kung University (NCKU)

National Cheng Kung University (NCKU) is a university in Tainan, Taiwan, renowned for its engineering and technology programmes. 

According to a recent survey, over 90% of NCKU graduates secure employment within six months of graduation, highlighting the university’s role in fostering career readiness and success.

Find out about the many courses and their affordable tuition fees that make the cost of living in Taiwan manageable.

Degree LevelTuition Fees (per year)Courses Offered
UndergraduateINR 2L (NT$72K)Electrical Engineering
Architecture
Biotechnology
PostgraduateINR 2L (NT$84K)Chemical Engineering
Industrial Design
Economics
PhDINR 2.4L (NT$96K)Material Science
Urban Planning Medical Science

3. National Tsing Hua University (NTHU)

NTHU has partnerships with over 200 universities globally, facilitating extensive student exchange programmes and collaborative research projects.

NTHU offers the NTHU International Student Scholarship, which provides full tuition waivers and a monthly stipend. In 2023, approximately 800 international students received these scholarships.

Find out about the many courses and their affordable tuition fees that make the cost of living in Taiwan manageable for Indian students.

Degree LevelTuition Fees (per year)Courses Offered
UndergraduateINR 2L (NT$78K)Physics
Chemistry
Computer Science
PostgraduateINR 2L (NT$90K)Electrical Engineering
Business Management
Life Sciences
PhDINR 2.5L (NT$1L)Applied Mathematics
Chemical Engineering
Humanities

4. National Chiao Tung University (NCTU)

The university is located in Hsinchu, Taiwan’s Silicon Valley. NCTU benefits from its proximity to numerous high-tech companies, which facilitate internships and job placements.

According to recent data from Globed, over 88% of NCTU graduates find employment within six months of graduation, with many securing positions at leading firms such as TSMC, UMC, and Acer.

Have a look at the many courses and their affordable tuition fees that make the cost of living in Taiwan manageable.

Degree LevelTuition Fees (per year)Courses Offered
UndergraduateINR 2L (NT$78K)Computer Science
Electrical Engineering 
Mechanical Engineering
PostgraduateINR 2L (NT$90K)Telecommunications
Industrial Engineering
Business Administration
PhDINR 2.5L (NT$1L)Photonics
Applied Chemistry
Civil Engineering

5. National Taiwan University of Science and Technology (NTUST)

NTUST is ranked among the top 100 in Asia according to the Focus Taiwan 2024.

The Ministry of Science and Technology (MOST) Scholarship offers comprehensive financial support, covering tuition fees and providing a monthly stipend of INR 30K (NT$12K).

Here’s a snapshot of many courses and their affordable tuition fees that make the cost of living in Taiwan manageable for Indian students.

Degree LevelTuition Fees (per year)Courses Offered
UndergraduateINR 1.8L (NT$72k)Information Management
Mechanical Engineering
Business Administration
PostgraduateINR 2L (NT$84K)Construction Engineering
Electrical Engineering
Masters in Business Administration
PhDINR 2.4L (NT$96K)Material Science
Industrial Management
Architecture

Scholarships to Cover the Cost of Living in Taiwan

In 2023, over 3,000 international students benefited from various scholarship programmes, receiving comprehensive support that includes housing, insurance, and even travel allowances.

Though the cost of living in Taiwan is relatively low, these scholarships ensure that you can focus on your studies even more without a care in the world. 

By securing these scholarships, you can save up to 70% of your total educational expenses, making Taiwan a highly economical choice for pursuing higher education.

Here are detailed scholarships and their benefits that reduce your cost of living in Taiwan.

UniversityScholarship NameBenefits that Cover the Cost of Living in Taiwan
National Taiwan University (NTU)Taiwan ScholarshipFull cities waiver
A monthly stipend of NT$12K (INR 30K)
NTU ScholarshipFull or partial tuition waivers
Living allowances
National Cheng Kung University (NCKU)NCKU Distinguished International Student ScholarshipFull tuition waivers
Monthly stipend
MOE ScholarshipFull tuition fee waivers
Living allowances
National Tsing Hua University (NTHU)NTHU International Student ScholarshipFull tuition waivers
Monthly stipend
Taiwan ICDF ScholarshipFull tuition fees, housing, insurance,
Monthly stipend of NT$12K (INR 30K)
National Chiao Tung University (NCTU)NCTU Elite ScholarshipFull tuition waivers
Monthly stipend
National Taiwan University of Science and Technology (NTUST)Taiwan Tech ScholarshipFull tuition waivers
Monthly stipend

Things To Know as an Indian Student in Taiwan

Taiwan isn’t just a fantastic place to learn; it’s also incredibly affordable and student-friendly. But that’s not all. Taiwan’s healthcare system is top-notch, with the National Health Insurance (NHI) covering 99% of residents. 

That means you’ll get comprehensive medical care without breaking the bank. Plus, the vibrant job market here lets you work part-time. You can seriously earn between INR 300-1,000 (NT$120-400) per hour. This will not only help you cover your living expenses in Taiwan but will also offer valuable work experience. 

Find the job roles and average hourly salary that will help manage your living expenses in Taiwan.

SectorAverage Hourly WageCommon Job Roles
TechnologyINR 600-1,000 (NT$240-400)Internships
Research Assistants
Technicians
EducationINR 500-800 (NT$200-320)English Tutors
Teaching Assistants
Service IndustryINR 300-600 (NT$120-240)Waitstaff, Retail Assistants
Baristas
ManufacturingINR 400-700 (NT$160-280)Assembly Line Workers
Quality Control

Also read NSTC International Internship Pilot Program: Eligibility, Benefits, How to Apply.

Here are the health benefits that further lower your living expenses in Taiwan.

Healthcare FeatureDetails
National Health InsuranceMonthly premium: INR 1.5K (NT$600)
Medical ServicesHighly efficient, low waiting times
Hospital VisitsConsultation fee: INR 600 (NT$240)
Prescription MedicationSubsidised under NHI

How Much Will You Spend as an International Student Visiting Local Attractions in Taiwan?

Taiwan is rich in cultural heritage and natural beauty, offering numerous attractions that you must explore while studying in this island country. 

From bustling cities to serene natural landscapes, there is something for everyone.

You can travel to the below-mentioned places without causing any major deflections to your monthly cost of living in Taiwan.

AttractionDescriptionEntry Cost
Taipei 101Tallest buildings in the world, offering panoramic viewsINR 1.5K (NT$600)
Taroko National ParkStunning marble gorgeScenic trailsFree
Sun Moon LakeBeautiful alpine lake for biking and boatingFree
National Palace MuseumCollection of Chinese art and artefactsINR 600 (NT$240)
Shilin Night MarketStreet food and shoppingFree to enter; food prices vary

Cost of Living in Taiwan vs Other Countries

Deciding where to study abroad involves many considerations, and the cost of living is one of the most significant factors. 

Taiwan stands out as one of the most affordable options for international students. According to recent data, the average monthly living expenses in Taiwan are around INR 30K (NT$12K), which is considerably lower than in Japan, the USA, and the UK.

Here’s a comparison of the cost of living in Taiwan vs Japan, the USA and the UK.

CountryAverage Monthly Living Expenses (excluding rent)Work Opportunities (Part-time)
TaiwanINR 30K (NT$12KINR 300-1K (NT$120-NT$400) per hour
JapanINR 70K (¥1L)INR 900-1.5K (¥1,200-¥2,000) per hour
USAINR 1L ($1.5K)INR 1.5K-2K ($15-$25) per hour
UKINR 90K (£900)INR 900-1.5K (£9-£15) per hour

Conclusion

Taiwan is a fantastic destination for you if you are seeking a blend of high-quality education, affordability, and vibrant cultural experiences. The cost of living in Taiwan is around INR 30K (NT$12K).

Additionally, part-time job opportunities could pay you around INR 300-INR 1,000 (NT$120-NT$400) per hour. Working part-time will help you manage your finances better. 

Taiwan’s top universities, such as NTU, NCKU, NTHU, NCTU, and NTUST, offer world-class education and substantial scholarships, further enhancing its appeal.

In essence, Taiwan offers a compelling combination of excellent healthcare, abundant job opportunities, and high-quality education. These facilities make Taiwan an attractive destination for students like you worldwide.

Frequently Asked Questions

  • Q: What is the average monthly living cost for a student in Taiwan?

    A: The average monthly living cost for a student in Taiwan is approximately INR 30K (NT$12K).
    -This includes expenses such as food, transportation, and miscellaneous costs.
    -It does not include rent, which varies depending on the type and location of accommodation.

  • Q: How much does it cost to rent an apartment in Taiwan?

    A: Renting an apartment in Taiwan can vary significantly based on the location and type of accommodation.
    -In city centres, a one-bedroom apartment costs around INR 52K (NT$21K) per month.
    -Outside the city centre, the cost drops to approximately INR 30K (NT$12K) per month.
    -Shared apartments or dormitories can be more affordable, usually ranging from INR 15K (NT$6K) per month.

  • Q: What are the typical grocery expenses for a student in Taiwan?

    A: Grocery expenses for a student in Taiwan average between INR 7.5K (NT$3K) per month.
    -Common items include rice, vegetables, fruits, dairy products, and snacks.
    -For example, 1 kg of rice costs about INR 100 (NT$40), and 1 litre of milk is around INR 120 (NT$50).

  • Q: How much do students typically spend on transportation in Taiwan?

    A: Transportation costs for students in Taiwan are quite affordable.
    -A monthly MRT pass costs around INR 2K (NT$700).
    -A one-way high-speed train ticket from Taipei to Kaohsiung is approximately INR 2.5K (NT$1K).
    -Local bus fares range from INR 20-INR 60 (NT$10-NT$30).

  • Q: Are utilities expensive for students living in Taiwan?

    A: Utilities in Taiwan are generally affordable for students.
    -Monthly costs for electricity, water, and gas average around INR 3K (NT$1.2K).
    -High-speed internet costs about INR 1.2K (NT$500) per month.
    -Mobile phone plans with 4G and 5GB of data cost around INR 600 (NT$250) per month.

  • Q: What are the costs of dining out in Taiwan for students?

    A: Dining out in Taiwan is relatively inexpensive and offers a wide range of options.
    -Meals at street food stalls or night markets cost around INR 150 (NT$60).
    -Eating at an inexpensive restaurant typically costs about INR 300 (NT$120) per meal.
    -A three-course meal for two at a mid-range restaurant costs around INR 2.5K (NT$1K).

  • Q: How does the cost of living in Taiwan compare to Japan, the USA, and the UK?

    A: Taiwan is significantly more affordable compared to Japan, the USA, and the UK.
    -Average monthly living expenses in Taiwan are around INR 30K (NT$12K).
    -In Japan, the average is INR 70K (¥1L); in the USA, it’s INR 1.2L ($1.5K); and in the UK, it’s INR 90K (£900).
    -Taiwan offers comprehensive healthcare through the National Health Insurance (NHI), and part-time job opportunities pay INR 1K (NT$400) per hour.

  • Q: What are some healthcare costs for students in Taiwan?

    A: Taiwan provides efficient and affordable healthcare services for students.
    -The National Health Insurance (NHI) premium is about INR 1.5K (NT$600) per month.
    -A typical hospital visit costs around INR 600 (NT$240).
    -Prescription medications are subsidised under the NHI, making them very affordable.

  • Q: What are the primary attractions for students to visit in Taiwan?

    A: Taiwan offers a variety of attractions that are both culturally enriching and affordable.
    -Taipei 101: INR 1.5K (NT$600) entry fee.
    -Taroko National Park: Free entry.
    -Sun Moon Lake: Free entry.
    -National Palace Museum: INR 600 (NT$240) entry fee.
    -Shilin Night Market: Free entry, with varying food prices.

  • Q: What is the cost of living in Taiwan for Indians?

    A: The cost of living in Taiwan for Indian students is quite manageable, averaging around INR 30K (NT$12K) per month, excluding rent.
    -Groceries and dining out are affordable, with many options available for students.
    -Transportation and utilities are reasonably priced, making it easier for students to budget their expenses.

  • Q: What are the scholarship opportunities for international students in Taiwan?

    A: Taiwan offers various scholarships to international students to help cover tuition and living expenses.
    -Taiwan Scholarship: Covers full tuition fees and provides a monthly stipend of INR 30K (NT$12K).
    -University-specific scholarships like the NTU Scholarship and NCKU Distinguished International Student Scholarship offer full or partial tuition waivers and living allowances.

  • Q: How can students find part-time jobs in Taiwan?

    A: Students in Taiwan can find part-time jobs relatively easily, especially in sectors like technology, education, and the service industry.
    -Students are allowed to work up to 20 hours per week during the semester.
    -Common part-time roles include internships, research assistants, English tutors, waitstaff, and retail assistants, with wages ranging from INR 300-1K (NT$120-NT$400) per hour.

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An International Higher Ed professional with 7+ years of experience studying, working, and living across three geographies, currently on a mission to share his journey as an International Student.

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