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Cost of living

¡@You might have heard or read somewhere that Taiwan is one of the most expensive cities in the world. To be honest, Taiwan is not cheap, and the cities are very expensive. But if you are ready to live like an average Taiwanese and try all the great food Taiwan has to offer, then you can live both inexpensive and well.

¡@Eating and accommodation are two major living expenses. Restaurants in Taiwan cater to a wide range of tastes and budgets. Whether you wish to try local dining, other types of Chinese regional food, Japanese, Western or other international cuisine, a suitable and reasonably priced restaurant is always easily found.

¡@Most major fast-food companies operate restaurants in Taiwan, particularly in Taipei. Prices tend to be more expensive than those in the United States. Outdoor markets through Taipei and other areas in Taiwan, sell assorted fresh fruit, cooked snacks, and ready-to-eat boxed meals at low prices.

¡@Taiwan offers a wide range of accommodations that meet the different needs of people. The selection of high-end and normal priced international hotels and hostels has grown in recent years, but is recommended for short-term stays, only.

¡@Renting an apartment in Taipei can be quite cheap, especially in suburbs.Rates for the kinds of apartments in which teachers live ranges from about NT$10,000 a month at the low end to NT$15,000 a month at the higher end. A deposit of 2 -month's rent is sually required when renting an apartment. The apartments are usually suitable for three or four single people to share. Some of our teachers share apartments with one or two roommates in order to cut costs. Single accommodation can be had for about NT$8,000 a month. There can be an additional cost in condominium style apartments for the monthly caretaker fees. Most apartments are often unfurnished, but it is fairly easy to purchase inexpensive used furniture. Many apartments will have air-conditioners, but few will have any form of heating. This isn't a problem except in January and February when it can get chilly. Most people buy a cheap space heater.

¡@If foreign teachers plan to work for our branches, the employers will assist in finding apartments. Otherwise, teachers locate apartments through locaters or real estate agents who charge either NT$2-3,000 or 15 percent of your monthly rent.

Exchange rates
1USD = 32.87NTD
1CAD = 21.43NTD
1GBP = 47.24NTD
1IEP = 37.24NTD
1AUD = 17.03NTD
1NZD = 13.84NTD
1ZAR = 4.37NTD

For the latest conversion rates, please visit http://www.xe.com/ucc/full.shtml

¡@The sample budget per month is as follows:The sample budget per month is as follows:

Calculation of net income per month
Total salary without bonuses: NT$53,000-55,000

Sample budget per month
Rent: NT$10,000
Utilities: NT$650
Food: NT$9,000
Transportation: NT$1,600

Entertainment: NT$2,500
Total expenses: NT$23,750

Rent for a typical three bedroom apartment
Taipei business district: NT$50,000-80,000
Taipei residential: NT$23,000-35,000
Taipei suburb: NT$12,000-18,000
Taichung residential: NT$12,000-25,000
Kaoshiung residential: NT$7,000-10,000
Cheap hostel: NT$6,000

Food (per meal)
Coffee shops: NT$220
Western restaurants: NT$400-1,000
Cheap Chinese: NT$60-70
Moderate Chinese: NT$100-150
Fine Chinese: NT$500-1,200
Fast food: NT$130
Cheap Western: NT$130-180
Moderate Western: NT$250-500

Monthly utilities
Gas: NT$500
Electricity: NT$500-1,000 (with air-conditioner)
Water: NT$250
Telephone: NT$500

Transportation (per ride)
Bus: NT$15
MRT: NT$20-80
Taxi: NT$70 (minimum fare)
NT$5 (per additional km)
Gas for a scooter: NT$18 (per liter)
Second-hand scooter: NT$7,000-15,000
Bicycle: NT$ 500-1,000

Entertainment
Movie: NT$250
Concert: NT$200-2,000
Pub: NT$200-350
Tea house: NT$60-150

Study
Mandarin course: NT$2,000-4,000

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