Taiwan's cost of living is affordable with a CPI of 49.1 (NYC = 100). Groceries (66.1) and restaurants (27.2) are also relatively affordable.

The housing market in Taiwan is very expensive, with a property price to income ratio of 23.5 years. The rent index is 12.6, indicating relatively lower rental costs compared to property purchase.

Taiwan offers good purchasing power, with an index of 110.7 (NYC = 100), suggesting residents can afford more goods and services than in NYC.

Taiwan has a progressive income tax system for residents, with a headline rate of 40%. Non-residents generally face an 18% flat rate on Taiwan-sourced income. The standard VAT rate is 5%. Property taxes include Land Value Tax (1-5.5%) and House Tax (1.2-3.6%).

Taiwan's business environment is strong, ranking #25 in the Global Startup Ecosystem Index 2025. The government actively promotes deregulation and foreign investment, with a thriving tech-focused startup ecosystem. Business registration is generally straightforward, though the financial sector is highly regulated.

Taiwan offers a comprehensive social security system. The National Health Insurance (NHI) provides universal healthcare with 99% coverage and is highly regarded by expats. Pension schemes include Labor Insurance and National Pension, with recent amendments (effective 2026) expanding coverage for foreign professionals. Unemployment benefits provide 60% of average monthly salary for up to six months, along with NHI premium subsidies.

Deposits in Taiwan are protected up to NT$3 million (approximately USD 92,593) per depositor per insured institution by the Central Deposit Insurance Corporation (CDIC). The banking sector is stable and well-capitalized, with strong regulatory oversight from the Financial Supervisory Commission and adherence to international standards like Basel III.