Last update: Oct 2026

Cost of Living Comparison Between Akranes and Cebu

For one person, living is cheaper in Cebu: $918 a month against $3,755 in Akranes, rent and utilities included – about $34,000 less a year. Rent and utilities account for most of the difference.

181

Cost of Living Index in Akranes
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Akranes Living Index
45

Cost of Living Index in Cebu
Learn more

Cebu Living Index

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Akranes

🇮🇸 Iceland

$3,755

/mo nomad

Cebu

🇵🇭 Philippines

$918

/mo nomad

Monthly Cost of Living

How much you'll spend in Akranes and in Cebu

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akranes and in Cebu actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,755 in Akranes versus $918 in Cebu.

Akranes $3,755
Cebu $918

Estimated couple costs with rent: $5,928 in Akranes versus $1,409 in Cebu.

Akranes $5,928
Cebu $1,409

Monthly costs for a family of three with rent: $8,101 in Akranes versus $1,900 in Cebu.

Akranes $8,101
Cebu $1,900

Living in Akranes is roughly 309% more expensive than in Cebu, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Akranes is 178% above, Cebu is 32% below.

Meal at Budget Restaurant

$30.83 ISK 3,740

$3.09 ₱194

897.73%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.0K

$24.22 ₱1,525

410.94%

Fast Food Meal (McDonalds, etc)

$27.33 ISK 3,315

$3.92 ₱247

597.19%

Cappuccino

$6.00 ISK 728

$2.51 ₱158

139.04%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.15 ISK 383

$1.59 ₱100

98.11%

Water (0.33 liter bottle)

$2.48 ISK 301

$0.53 ₱33.43

367.92%

Local Beer (0.5 liter draught)

$10.82 ISK 1,313

$1.78 ₱112

507.87%

Imported Beer (0.33 liter bottle)

$8.31 ISK 1,008

$2.17 ₱137

282.95%

Milk (1 liter)

$2.11 ISK 256

$1.92 ₱121

9.90%

White Bread (500g)

$2.00 ISK 243

$1.36 ₱85.4

47.06%

Rice (white) (1kg)

$3.71 ISK 450

$1.01 ₱63.5

267.33%

Eggs

$6.05 ISK 734

$2.03 ₱128

198.03%

Local Cheese (1kg)

$20.76 ISK 2,518

$9.86 ₱621

110.55%

Chicken Fillets (1kg)

$23.98 ISK 2,909

$4.39 ₱277

446.24%

Beef Round Steak (1kg)

$41.92 ISK 5,085

$7.60 ₱479

451.58%

Apples (1kg)

$3.26 ISK 396

$3.30 ₱208

-1.21%

Banana (1kg)

$2.82 ISK 342

$1.39 ₱87.8

102.88%

Oranges (1kg)

$3.12 ISK 379

$2.33 ₱147

33.91%

Tomato (1kg)

$4.78 ISK 580

$1.50 ₱94.3

218.67%

Potato (1kg)

$3.81 ISK 463

$2.36 ₱149

61.44%

Onion (1kg)

$1.65 ISK 200

$1.90 ₱119

-13.16%

Lettuce (1 head)

$3.69 ISK 448

$1.19 ₱74.9

210.08%

Water (1.5 liter bottle)

$1.84 ISK 224

$0.63 ₱39.71

192.06%

Cigarettes 20 Pack (Marlboro, Camel)

$13.83 ISK 1,678

$3.00 ₱189

361.00%

Wine (Bottle)

$24.02 ISK 2,913

$6.03 ₱379

298.34%

Local Beer (0.5 liter bottle)

$2.91 ISK 353

$1.23 ₱77.7

136.59%

Imported Beer (0.33 liter bottle)

$2.09 ISK 253

$1.75 ₱110

19.43%

One-way Ticket (Public Transport)

$3.71 ISK 450

$0.25 ₱15.86

1384.00%

Public Transport Monthly Pass (Regular Price)

$73.6 ISK 8,931

$12.64 ₱796

482.52%

Taxi Start (Normal Tariff)

$6.69 ISK 812

$0.77 ₱48.62

768.83%

Taxi (Normal Tariff) (1km)

$1.20 ISK 145

$0.23 ₱14.53

421.74%

Taxi 1hour Waiting (Normal Tariff)

$80.0 ISK 9,704

$4.46 ₱281

1693.72%

Gasoline (1 liter)

$2.02 ISK 245

$1.31 ₱82.8

54.20%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$49.8K ISK 6.0M

$21.2K ₱1.3M

134.35%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.8K ISK 6.4M

$19.1K ₱1.2M

176.03%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$94.6 ISK 11.5K

$120 ₱7,569

-21.32%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$32.27 ISK 3,914

$14.00 ₱882

130.50%

Internet (50+ Mbps, Unlimited Data)

$87.0 ISK 10.5K

$27.54 ₱1,734

215.83%

Gym Membership (Monthly)

$104 ISK 12.7K

$32.33 ₱2,035

222.61%

Tennis Court (1 Hour on Weekend)

$6.65 ₱419

Cinema Ticket

$19.49 ISK 2,364

$5.65 ₱356

244.96%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,197 ISK 145.2K

$275 ₱17.3K

334.71%

International Primary School, 1 Child (Yearly)

$26.2K ISK 3.2M

$7,918 ₱498.5K

231.31%

Jeans (Levis 501 Or Similar)

$147 ISK 17.8K

$49.33 ₱3,106

197.47%

Summer Dress (H&M, Zara, etc)

$67.2 ISK 8,151

$25.24 ₱1,589

166.24%

Sport Shoes (Adidas, Nike)

$182 ISK 22.1K

$77.0 ₱4,846

136.92%

Men's Leather Business Shoes

$253 ISK 30.7K

$57.2 ₱3,601

343.01%

1-bedroom Apartment, City Center (Monthly)

$3,026 ISK 367.0K

$500 ₱31.5K

505.72%

1-bedroom Apartment, Outside City Center (Monthly)

$1,934 ISK 234.6K

$309 ₱19.4K

526.31%

3-bedroom Apartment, City Center (Monthly)

$4,979 ISK 603.9K

$1,078 ₱67.9K

361.91%

3-bedroom Apartment, Outside City Center (Monthly)

$3,759 ISK 455.9K

$615 ₱38.7K

510.93%

Buy Apartment in City Center (m2)

$2,886 ₱181.7K

Buy Apartment Outside City Center (m2)

$1,917 ₱120.7K

Average Monthly Net Salary (After Tax)

$5,792 ISK 702.5K

$346 ₱21.8K

1574.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

7.2

22.36%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akranes: October 12, 2026

Last update for Cebu: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Akranes

$1.9K 51.5%

Cebu

$309 33.6% 84% $1.6K

Groceries & Markets

Akranes

$576 15.3%

Cebu

$206 22.4% 64.3% $370

Eating Out

Akranes

$494 13.2%

Cebu

$88 9.6% 82.1% $406

Clothing & Footwear

Akranes

$292 7.8%

Cebu

$94 10.2% 67.9% $198

Monthly Utilities & Internet

Akranes

$214 5.7%

Cebu

$162 17.6% 24.4% $52

Sport & Entertainment

Akranes

$143 3.8%

Cebu

$44 4.8% 69.6% $100

Getting Around

Akranes

$101 2.7%

Cebu

$16 1.7% 84.6% $86

Cost Breakdown

A one-bedroom apartment in the center runs $3,026 in Akranes and $500 in Cebu. Housing cost is often the main lever when comparing two cities.

Akranes pays 1574% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $124 in Akranes vs $24.00 in Cebu for a mid-range dinner for two. Groceries echo the gap at $576 vs $206 per month, with Cebu cheaper across the board.

Good to know

🇮🇸 Akranes

🇵🇭 Cebu

🕒 Local time

02:35 2:35 AM

10:35 10:35 AM

8 h ahead of Akranes

🌤 Weather

👥 Population

7,800

964,169

💱 Currency

Icelandic Króna ISK kr

Philippine Peso PHP ₱

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 PHP = 1.59 USD

100 PHP = 1.41 EUR

Exchange rates and currency converter

PHP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Philippine Peso exchange rates as of October 19, 2026: 1 USD = 62.96 PHP (100 PHP = 1.59 USD). 1 EUR = 70.78 PHP (100 PHP = 1.41 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Akranes Cebu 11,240 km ≈ 15 h nonstop flight

From you

Akranes
Cebu

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akranes vs Cebu: Cost of Living - Frequently Asked Questions

Cebu wins on cost – living expenses run 309% lower than in Akranes. Housing and daily spending are where you'll feel the difference most, making Cebu the obvious pick if budget is a priority.

Average pay runs 1574% higher in Akranes, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $3,026 in Akranes versus $500 in Cebu. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $3,755 per month in Akranes versus $918 in Cebu – a 309% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Cebu runs roughly 483% less than in Akranes. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $918 in Cebu versus $3,755 in Akranes, a $1,500 budget is realistic in Cebu but tight or insufficient in Akranes. The gap between the two cities makes Cebu the clear choice for anyone on this budget.

Both work as nomad bases, but Cebu delivers better value – similar infrastructure at $918 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Cebu hard to pass up.

Safety-wise, Akranes and Cebu are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Cebu gentler on the wallet – expenses run 309% less than in Akranes. Beyond cost, consider language, visa policies, and how big the international community is in each city.