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Madrid vs Taipei cost of living 2026
Which is cheaper, what exactly is cheaper, and how it feels on your money · Updated September 2026
🇪🇸 Madrid
🇹🇼 TaipeiTaipei is 47% cheaper than Madrid
Living on $4,794 a month in Madrid feels like about $2,365 in Taipei — same standard of living, compared by feel rather than exchange rate.
Per day
$252 vs $141
Per month
$4,794 vs $2,365
Local meal
€ 12 vs NT$ 130
$14 vs $4.13
Taxi 5 km
€ 10 vs NT$ 160
$11.6 vs $5.08
At a glance
FoodTaipei 63% cheaper
Cafés & drinksMadrid 21% cheaper
TransportTaipei 53% cheaper
StayTaipei 43% cheaper
FunTaipei 22% cheaper
- Where Taipei is clearly cheaper: Local meal (70%↓), Street food (70%↓), Scooter rental (65%↓)
- Where Madrid is clearly cheaper: Coffee (39%↓)
Item by item
| Item | Madrid | Taipei | Cheaper |
|---|---|---|---|
| Local mealper person | € 12$14 | NT$ 130$4.13 | Taipei −70% |
| Street food1 item | € 5.4$6.28 | NT$ 59$1.87 | Taipei −70% |
| Restaurant dinnerper person | € 26$30.2 | NT$ 500$15.9 | Taipei −47% |
| Coffeeone cup | € 2$2.33 | NT$ 120$3.81 | Madrid −39% |
| Beerone bottle | € 3$3.49 | NT$ 120$3.81 | Madrid −8% |
| Cocktail & wineone cup | € 7.8$9.07 | NT$ 310$9.84 | Madrid −8% |
| Bottled water | € 1.5$1.74 | NT$ 25$0.79 | Taipei −54% |
| Convenience store1 snack or drink | € 3.8$4.42 | NT$ 63$2 | Taipei −55% |
| Taxi5 km in town | € 10$11.6 | NT$ 160$5.08 | Taipei −56% |
| Tuk-tuk / moto taxishort hop | € 7$8.14 | NT$ 160$5.08 | Taipei −38% |
| Transitone ride | € 1.5$1.74 | NT$ 20$0.63 | Taipei −64% |
| Scooter rentalper day | € 30$34.9 | NT$ 380$12.1 | Taipei −65% |
| Hotel night3-star | € 120$140 | NT$ 2,800$88.9 | Taipei −36% |
| Studio rent (month) | € 1,200$1,395 | NT$ 22,000$698 | Taipei −50% |
| Laundry | € 3$3.49 | NT$ 94$2.98 | Taipei −14% |
| SIM card1 week data | € 13$15.1 | NT$ 320$10.2 | Taipei −33% |
| Haircutcut | € 16$18.6 | NT$ 390$12.4 | Taipei −33% |
| Massage1 hour | € 47$54.7 | NT$ 1,100$34.9 | Taipei −36% |
| Half-day tourper person | € 43$50 | NT$ 1,600$50.8 | similar |
| Entry ticketTourist town | € 13$15.1 | NT$ 320$10.2 | Taipei −33% |
Reference prices start as estimates from published price levels; items with 3+ traveler reports use the median of real reports. Hostels and local eateries cut both by 30%+.
FAQ
Which is cheaper, Madrid or Taipei?
Taipei is 47% cheaper than Madrid. Daily budget $252 vs $141; a month $4,794 vs $2,365.
How do monthly costs compare between Madrid and Taipei?
With a short-term studio and living costs, Madrid is about $4,794 and Taipei about $2,365 per month.
Where do the numbers come from?
They start as estimates informed by published price levels; any item with 3+ traveler reports switches to the median of real reports. Live reports are in the app.