Statement:
In Colombia the cost of living is lower than in Taiwan

In the Cost of Living rating Colombia holds position #58 2012 out of 90 and Taiwan is #52 out of 90 2012.
Position of Colombia is better than position of Taiwan.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Colombia and Taiwan, compared to most countries of the World.

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 25.23
    Taiwan 'Cost of Living Index' value is 55.95
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 28.12
    Taiwan 'Cost of Living Index' value is 64.93
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 29.02
    Taiwan 'Cost of Living Index' value is 61.95
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 30.25
    Taiwan 'Cost of Living Index' value is 58.77
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 32.61
    Taiwan 'Cost of Living Index' value is 59.69
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 34.35
    Taiwan 'Cost of Living Index' value is 66.80
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 32.40
    Taiwan 'Cost of Living Index' value is 57.36
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 35.42
    Taiwan 'Cost of Living Index' value is 54.22
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 50.14
    Taiwan 'Cost of Living Index' value is 59.37
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 58.44
    Taiwan 'Cost of Living Index' value is 67.83
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Colombia 'Cost of Living Index' value is 59.99
    Taiwan 'Cost of Living Index' value is 62.89