Last update: Oct 2026

Cost of Living Comparison Between Cebu and Bakkafjordur

For one person, living is cheaper in Bakkafjordur: $250 a month against $918 in Cebu, rent and utilities included – about $8,000 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Cebu
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Cebu Living Index

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Cebu

🇵🇭 Philippines

$918

/mo nomad

Bakkafjordur

🇮🇸 Iceland

$250

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Bakkafjordur

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

A single person spends $918 per month in Cebu vs $250 in Bakkafjordur, rent included.

Cebu $918
Bakkafjordur $250

A couple spends around $1,409 per month in Cebu vs $427 in Bakkafjordur, rent included.

Cebu $1,409
Bakkafjordur $427

A family of three spends $1,900 per month in Cebu vs $604 in Bakkafjordur, rent included.

Cebu $1,900
Bakkafjordur $604

Cebu costs about 267% more than Bakkafjordur, and outside of rent the biggest gap is in clothing.

Both Cebu and Bakkafjordur are more affordable than the global median – Cebu 32% lower, Bakkafjordur 81% lower.

Meal at Budget Restaurant

$3.09 ₱194

Three-Course Dinner for Two, Mid-Range

$24.22 ₱1,525

Fast Food Meal (McDonalds, etc)

$3.92 ₱247

Cappuccino

$2.51 ₱158

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

$1.59 ₱100

Water (0.33 liter bottle)

$0.53 ₱33.43

Local Beer (0.5 liter draught)

$1.78 ₱112

Imported Beer (0.33 liter bottle)

$2.17 ₱137

Milk (1 liter)

$1.92 ₱121

White Bread (500g)

$1.36 ₱85.4

$2.26 ISK 275

-39.82%

Rice (white) (1kg)

$1.01 ₱63.5

$2.17 ISK 263

-53.46%

Eggs

$2.03 ₱128

$4.88 ISK 591

-58.40%

Local Cheese (1kg)

$9.86 ₱621

$8.91 ISK 1,081

10.66%

Chicken Fillets (1kg)

$4.39 ₱277

$11.17 ISK 1,355

-60.70%

Beef Round Steak (1kg)

$7.60 ₱479

$11.19 ISK 1,357

-32.08%

Apples (1kg)

$3.30 ₱208

$2.22 ISK 269

48.65%

Banana (1kg)

$1.39 ₱87.8

$2.25 ISK 273

-38.22%

Oranges (1kg)

$2.33 ₱147

$2.22 ISK 269

4.95%

Tomato (1kg)

$1.50 ₱94.3

$2.19 ISK 265

-31.51%

Potato (1kg)

$2.36 ₱149

$2.18 ISK 264

8.26%

Onion (1kg)

$1.90 ₱119

$2.24 ISK 272

-15.18%

Lettuce (1 head)

$1.19 ₱74.9

$1.02 ISK 124

16.67%

Water (1.5 liter bottle)

$0.63 ₱39.71

$1.97 ISK 238

-68.02%

Cigarettes 20 Pack (Marlboro, Camel)

$3.00 ₱189

Wine (Bottle)

$6.03 ₱379

Local Beer (0.5 liter bottle)

$1.23 ₱77.7

Imported Beer (0.33 liter bottle)

$1.75 ₱110

One-way Ticket (Public Transport)

$0.25 ₱15.86

Public Transport Monthly Pass (Regular Price)

$12.64 ₱796

Taxi Start (Normal Tariff)

$0.77 ₱48.62

Taxi (Normal Tariff) (1km)

$0.23 ₱14.53

Taxi 1hour Waiting (Normal Tariff)

$4.46 ₱281

Gasoline (1 liter)

$1.31 ₱82.8

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

$21.2K ₱1.3M

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

$19.1K ₱1.2M

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

$120 ₱7,569

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

$14.00 ₱882

Internet (50+ Mbps, Unlimited Data)

$27.54 ₱1,734

Gym Membership (Monthly)

$32.33 ₱2,035

Tennis Court (1 Hour on Weekend)

$6.65 ₱419

Cinema Ticket

$5.65 ₱356

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

$275 ₱17.3K

International Primary School, 1 Child (Yearly)

$7,918 ₱498.5K

Jeans (Levis 501 Or Similar)

$49.33 ₱3,106

Summer Dress (H&M, Zara, etc)

$25.24 ₱1,589

Sport Shoes (Adidas, Nike)

$77.0 ₱4,846

Men's Leather Business Shoes

$57.2 ₱3,601

1-bedroom Apartment, City Center (Monthly)

$500 ₱31.5K

1-bedroom Apartment, Outside City Center (Monthly)

$309 ₱19.4K

3-bedroom Apartment, City Center (Monthly)

$1,078 ₱67.9K

3-bedroom Apartment, Outside City Center (Monthly)

$615 ₱38.7K

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)

$346 ₱21.8K

$5,928 ISK 719.0K

-94.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.2

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

Last update for Cebu: October 12, 2026

Last update for Bakkafjordur: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$309 33.6%

Bakkafjordur

–

Groceries & Markets

Cebu

$206 22.4%

Bakkafjordur

–

Monthly Utilities & Internet

Cebu

$162 17.6%

Bakkafjordur

–

Clothing & Footwear

Cebu

$94 10.2%

Bakkafjordur

–

Eating Out

Cebu

$88 9.6%

Bakkafjordur

–

Sport & Entertainment

Cebu

$44 4.8%

Bakkafjordur

–

Getting Around

Cebu

$16 1.7%

Bakkafjordur

–

Cost Breakdown

Salaries run about 1613% higher in Bakkafjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

Good to know

🇵🇭 Cebu

🇮🇸 Bakkafjordur

🕒 Local time

12:03 12:03 PM

04:03 4:03 AM

8 h behind Cebu

🌤 Weather

👥 Population

964,169

100

💱 Currency

Philippine Peso PHP ₱

Icelandic Króna ISK kr

📈 Exchange rate

100 PHP = 1.59 USD

100 PHP = 1.41 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to PHP – Philippine Peso Converter

🇺🇸 United States Dollar ($)

🇵🇭 Philippine Peso (₱)

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).

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).

USD to PHP in detail →

On the map

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Between locations

Cebu Bakkafjordur 10,880 km ≈ 14 h nonstop flight

From you

Cebu
Bakkafjordur

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

Cebu vs Bakkafjordur: Cost of Living - Frequently Asked Questions

Cebu costs about 267% more than Bakkafjordur, and outside of rent the gap comes mainly from clothing. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,377 per month in Cebu and $375 in Bakkafjordur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $918 in Cebu and $250 in Bakkafjordur. That's a gap of about 267%.

Interestingly, groceries are about 21% cheaper in Cebu – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

$800 covers both cities comfortably – all-in costs are $918 in Cebu and $250 in Bakkafjordur, leaving budget for savings and extras in both cases.

For digital nomads, it depends on budget. Bakkafjordur costs $250 versus $918 in Cebu. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Bakkafjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Cebu makes more sense. Both are solid long-term options with distinct trade-offs.