Which place is cheaper, Reykjavik or Taipei?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Taipei or Reykjavik?
Which is cheaper to visit? Which is more expensive for vacation?
Which city should you visit? Read on to compare the activities as well as the prices of travel for Taipei and Reykjavik. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.
Where Should I go: Taipei or Reykjavik?
Taipei
Few cities in the world are full of more diverse opportunities than the cultural crosshairs city of Taipei. As the capital of Taiwan, this 300-year-old city is the financial, cultural and governmental center of Taiwan. Located in the northern part of the island between the Yangming Mountains and Central Mountains, this city of 2.6 million people is always ready to welcome more visitors.
Reykjavik
Reykjavik is the capital and largest city in the country of Iceland. The city is where the vast majority of the country's population resides and the urban area has about 200,000 residents. The city is sprawling, with a large area covered in suburbs. The the city center is quite compact, with many interesting and colorful houses. There are a lot of things that attract tourists to this city, including an interesting culture and history as well as plenty of shopping and dining opportunities.
For some great organized tour ideas, see The Best Cultural Tours in Taiwan, The Best Tours for Seniors to Taiwan, The Best Budget Tours to Iceland, and The Best Tours for Seniors to Iceland.
-
Average Daily Cost Per person, per dayTaipei $182Reykjavik $246
The average daily cost (per person) in Taipei is $182, while the average daily cost in Reykjavik is $246. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each destination. What follows is a categorical breakdown of travel costs for Taipei and Reykjavik in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personTaipei $146Reykjavik $139
-
Accommodation Typical double-occupancy roomTaipei $292Reykjavik $278
Compare Hotels in Taipei and Reykjavik
Looking for a hotel in Taipei or Reykjavik? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Taipei Hotel Prices and Reykjavik Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Taipei $10Reykjavik $46
Typical Local Transportation Prices in Taipei
Here are some examples of typical transportation prices from actual travelers in Taipei:
-
Easycard$2.01
-
Easycard$9.29
Hired Cars and Shuttles in Taipei
Also for Taipei, here are a few examples of actual transportation services:
- [Chinese driver charter sedan] 1 to 4 people ☆ Taoyuan Airport ⇔ Taipei City Hotel Airport Transfer [one way]: $53
- Try find your better than us ! Airport transfer service in Taipei HTL-APT (TSA): $28
- Try find your better than us ! Airport transfer service in Taipei APT-HTL (TSA): $28
- Taoyuan airport to Yilan Private Transfer: $115
- Taiwan Taoyuan Airport (TPE) to Taoyuan/Taipei hotels - Arrival Private Transfer: $38
- Taiwan Taoyuan Airport (TPE) to Keelung Cruise Port - RoundTrip Private Transfer: $116
- Taoyuan Airport (TPE) Return Bus Transfer: $8.68
- Taipei Taoyuan Airport TPE to Beitou New Taipei Arrival Transfer: $77
- Taipei Private Transfer: Keelung Cruise Port to Hotel: $85
- Taipei Departure Private Transfer: Hotel to Taoyuan International Airport: $55
- Taipei Arrival Private Transfer: Taoyuan International Airport to Hotel: $55
- Private Transfer：Taoyuan International Airport to Hotel: $40
Hired Cars and Shuttles in Reykjavik
Also for Reykjavik, here are a few examples of actual transportation services:
- To/from Blue Lagoon Private Transfer in Iceland: $160
- The Blue Lagoon Comfort Package Including Transfer from Reykjavik: $167
- Sky Lagoon Entry with 7-Step Ritual and Transfers from Reykjavik: $115
- Skarfabakki Cruise Port to Keflavik Airport (KEF) - Departure Private Transfer: $92
- Skarfabakki Cruise Port Transfers To/From Keflavik Airport.: $161
- Skálafell to Reykjavik Airport (RKV) - Departure Private Transfer: $22
- Sky Lagoon Admission with Transfer: $125
- Roundtrip Bus Transfer to the Blue Lagoon: $45
- Private Transfer to/from Keflavík Airport: $169
- Private Luxury Airport Transfer Service: $280
- Private Airport Transfer - RVK to KEF: $54
- Private Airport Transfer: $167
Is it cheaper to fly into Taipei or Reykjavik?
Prices for flights to both Reykjavik and Taipei change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.
Food
-
Food Meals for one dayTaipei $16Reykjavik $30
Typical Food Prices in Taipei
For Taipei, here are some examples of average food and meal prices for travelers:
-
EasyCard$15
-
Lunch at The Can$6.81
-
EasyCard$31
-
Lunch$2.94
-
Lunch$1.86
-
Dinner$6.19
-
Lunch$3.56
-
Lunch$4.65
-
Louisa coffee$2.94
Food Tours and Cooking Classes in Taipei
For Taipei, here are some samples of tours and activities related to meals and dining experiences:
- Historic Night Market Food Tour with Tastings: $45
- Ximending Vegan Food Tour Snack, Dessert & Main!: $46
- Taipei Food Tour: Yongkang Street for Foodies: $58
- Yansan Night Market Food Tour: $62
- Turnip cake, Pork thick soup, Tofu pudding. Taiwan Traditional Light Meals Experience-C (Taipei Cooking Class): $65
- Taipei Food Tour and Colorful Bubble Tea Making: $65
- Xiao Long Bao, Pork thick soup, Bubble milk tea. Taiwan Traditional Light Meals Experience-B (Taipei Cooking Class): $65
- Taipei Food Tour and Colorful Bubble Tea Making: $70
- Pineapple Pastry with Egg Yolk, Longan Cake, High Mountain Oolong Tea. Taiwan Traditional Dessert Experience-D (Taipei Cooking Class): $70
- Private Food Tour – 10 Tastings with Locals: $74
- Backstreet Food Tour: Food, Culture, and Fun: $75
- Xiao Long Bao, Chicken vermicelli with mushroom and sesame oil, Tofu strips salad, Bubble milk tea. Taiwan Traditional Delicacies Experience-A (Taipei Cooking Class): $77
Typical Food Prices in Reykjavik
For Reykjavik, here are some examples of average food and meal prices for travelers:
-
Dinner (Fish Market)$178
Food Tours and Cooking Classes in Reykjavik
For Reykjavik, here are some samples of tours and activities related to meals and dining experiences:
- Exclusive dinner with a local family - Visit a Reykjavík home: $98
- Icelandic Food Tour: $124
- The Reykjavik Christmas Food Tour: $128
- 3 Hour Shared Christmas Food Tour with Guide in Reykjavik: $129
- Reykjavik Market & Lunch Food Tour - BitesizedIceland.com: $142
- Reykjavik Old Harbor Food Tour - BitesizedIceland.com: $145
- Private Reykjavik Christmas Food Tour: $209
- Icelandic Cooking Class in Downtown Reykjavik with Musical Hosts: $296
Entertainment
-
Entertainment Entrance tickets, shows, etc.Taipei $17Reykjavik $72
Tours and Activities in Taipei
For Taipei, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 9 Hour Northeast Coast Bay View Tour in Yilan : $58
- One-Day Historical and Heritage Tour in Taipei : $47
- 1 Day Tour Northern Taiwan Coast Tour: $200
- 1-day Tour to Sun Moon Lake from Taipei by High Speed Rail : $250
- 2 Days Sun Moon Lake & Lukang Historic Area Tour: $232
- 2-Day Private Tour to Sun Moon Lake and Mount Hehuan: $195
- 2-Hour Private Walking Tour in Beitou, Taiwan: $55
- 2-Hour Private Ximending Area Walking Tour: $35
- 2-Hour Vegetarian Private Walking Tour - S.Y.S. Memorial Hall & 44 South Village: $58
- 2-Hour Vegetarian Private Walking Tour - Xingtian Temple: $55
- 3-hour Vegetarian Private Walking Tour - Songshan distric & taste lotus hot pot: $77
- 3.5 hours Taipei City Tour (morning or afternoon ) : $44
Typical Entertainment Prices in Reykjavik
Below are a few sample prices from actual travelers for Reykjavik's activities, tours, and tickets:
-
Art Museum$11
-
Wine and Spa$29
Tours and Activities in Reykjavik
For Reykjavik, here are a few prices for actual activities, tours, and tickets provided by various companies:
- #1 Northern Lights Tour In Iceland from Reykjavik with PRO photos: $145
- 1 hour Reykjavík E Scooter Adventure: $66
- 1 hour Reykjavík E-Scooter Adventure: $64
- 1-Hour ATV Quad Tour from Reykjavik: $131
- 1-Hour Helicopter Tour in Iceland: The Geothermal Tour: $438
- 1hr ATV & Golden Circle Adventure from Reykjavik: $276
- 1hr Buggy Adventure & Whale Watching from Reykjavik: $289
- 1hr Buggy Adventure from Reykjavik: $172
- 2-Hour RIB Boat Whale Watching Tour from Reykjavik: $169
- 2hr Buggy 'Lava Field Adventure' from Reykjavik: $219
- 3-Hour Private Discover Reykjavik Photography Tour: $172
- 3hr Volcanic Springs ATV Adventure from Reykjavik: $299
Alcohol
-
Alcohol Drinks for one dayTaipei $18Reykjavik $28
Sample the Local Flavors in Taipei
Here are a few nightlife and alcohol tours and activities from local tour providers in Taipei:
- Taipei Nightlife: Taipei Pub Crawls (2 Different Routes): $30
- Private Tour to Yilan Kavalan Whisky Distillery: $130
- Private Tour Yilan Kavalan Whisky Distillery from Taipei : $207
Typical Alcohol Prices in Reykjavik
Some typical examples of the costs for nightlife and alcohol in Reykjavik are as follows:
-
Beer$8.79
Sample the Local Flavors in Reykjavik
Some specific costs for nightlife related activities in Reykjavik:
- Gin Distillery tour and tasting: $25
- Eimverk Distillery Tour with Tasting: $32
When we compare the travel costs of actual travelers between Taipei and Reykjavik, we can see that Reykjavik is more expensive. And not only is Taipei much less expensive, but it is actually a significantly cheaper destination. Since Taipei is in Asia and Reykjavik is in Europe, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Taipei would let you spend less money overall. Or, you could decide to spend more money in Taipei and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Reykjavik would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Reykjavik than you might in Taipei.
If you're trying to decide if either of these two destinations are within your price range, also see Is Taipei Expensive? and Is Reykjavik Expensive?.
Which is Bigger, Taipei or Reykjavik?
Taipei has a larger population, and is about 70 times larger than the population of Reykjavik. When comparing the sizes of Taipei and Reykjavik, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.