Last update: Oct 2026

Cost of Living Comparison Between Cebu and Budva

For one person, living is cheaper in Cebu: $934 a month against $1,604 in Budva, rent and utilities included – about $8,000 less a year. Other living expenses account for most of the difference.

44

Cost of Living Index in Cebu
Learn more

Cebu Living Index
78

Cost of Living Index in Budva
Learn more

Budva Living Index

Jump to prices

Cebu

🇵🇭 Philippines

$934

/mo nomad

Budva

🇲🇪 Montenegro

$1,604

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Budva

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 Budva actually costs, broken down by who's living it.

A single person spends $934 per month in Cebu vs $1,604 in Budva, rent included.

Cebu $934
Budva $1,604

A couple spends around $1,415 per month in Cebu vs $2,553 in Budva, rent included.

Cebu $1,415
Budva $2,553

A family of three spends $1,896 per month in Cebu vs $3,501 in Budva, rent included.

Cebu $1,896
Budva $3,501

Cebu is about 42% cheaper than Budva, and outside of rent the biggest gap is in eating out.

Cebu sits 30% below the global median, while Budva is 20% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$3.03 ₱190

$14.84 €13.24

-79.58%

Three-Course Dinner for Two, Mid-Range

$23.48 ₱1,473

$68.4 €61.0

-65.66%

Fast Food Meal (McDonalds, etc)

$4.09 ₱256

$13.49 €12.04

-69.68%

Cappuccino

$2.52 ₱158

$3.42 €3.05

-26.32%

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

$1.54 ₱96.9

$2.25 €2.01

-31.56%

Water (0.33 liter bottle)

$0.49 ₱30.98

$1.54 €1.37

-68.18%

Local Beer (0.5 liter draught)

$1.79 ₱112

$4.80 €4.28

-62.71%

Imported Beer (0.33 liter bottle)

$2.26 ₱142

$4.30 €3.84

-47.44%

Milk (1 liter)

$1.95 ₱122

$1.21 €1.08

61.16%

White Bread (500g)

$1.43 ₱89.7

$1.09 €0.98

31.19%

Rice (white) (1kg)

$1.02 ₱63.8

$2.21 €1.97

-53.85%

Eggs

$2.06 ₱129

$2.99 €2.67

-31.10%

Local Cheese (1kg)

$9.81 ₱615

$8.74 €7.80

12.24%

Chicken Fillets (1kg)

$4.61 ₱289

$9.23 €8.24

-50.05%

Beef Round Steak (1kg)

$7.70 ₱483

$12.51 €11.16

-38.45%

Apples (1kg)

$3.31 ₱207

$1.28 €1.14

158.59%

Banana (1kg)

$1.45 ₱90.9

$1.67 €1.49

-13.17%

Oranges (1kg)

$2.36 ₱148

$1.48 €1.32

59.46%

Tomato (1kg)

$1.54 ₱96.4

$2.83 €2.53

-45.58%

Potato (1kg)

$2.36 ₱148

$0.94 €0.84

151.06%

Onion (1kg)

$1.99 ₱125

$1.06 €0.95

87.74%

Lettuce (1 head)

$1.15 ₱72.1

$1.64 €1.47

-29.88%

Water (1.5 liter bottle)

$0.67 ₱42.15

$0.91 €0.81

-26.37%

Cigarettes 20 Pack (Marlboro, Camel)

$3.00 ₱188

$4.36 €3.89

-31.19%

Wine (Bottle)

$6.35 ₱398

$7.68 €6.85

-17.32%

Local Beer (0.5 liter bottle)

$1.31 ₱81.9

$1.12 €1.00

16.96%

Imported Beer (0.33 liter bottle)

$1.73 ₱108

$1.69 €1.50

2.37%

One-way Ticket (Public Transport)

$0.25 ₱15.78

$2.84 €2.54

-91.20%

Public Transport Monthly Pass (Regular Price)

$12.65 ₱793

$40.03 €35.73

-68.40%

Taxi Start (Normal Tariff)

$0.74 ₱46.32

$1.13 €1.01

-34.51%

Taxi (Normal Tariff) (1km)

$0.21 ₱13.11

$1.15 €1.02

-81.74%

Taxi 1hour Waiting (Normal Tariff)

$4.33 ₱271

$16.90 €15.08

-74.38%

Gasoline (1 liter)

$1.33 ₱83.5

$1.72 €1.53

-22.67%

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

$21.8K ₱1.4M

$29.6K €26.4K

-26.35%

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

$19.4K ₱1.2M

$26.2K €23.3K

-25.85%

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

$121 ₱7,563

$163 €145

-25.90%

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

$14.45 ₱907

$14.79 €13.20

-2.30%

Internet (50+ Mbps, Unlimited Data)

$28.29 ₱1,774

$33.37 €29.78

-15.22%

Gym Membership (Monthly)

$32.68 ₱2,050

$58.8 €52.5

-44.40%

Tennis Court (1 Hour on Weekend)

$6.39 ₱401

$21.72 €19.39

-70.58%

Cinema Ticket

$5.46 ₱342

$6.19 €5.52

-11.79%

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

$273 ₱17.1K

$395 €352

-30.72%

International Primary School, 1 Child (Yearly)

$8,156 ₱511.5K

$9,585 €8,553

-14.91%

Jeans (Levis 501 Or Similar)

$49.57 ₱3,109

$104 €92.7

-52.30%

Summer Dress (H&M, Zara, etc)

$24.87 ₱1,560

$44.73 €39.91

-44.40%

Sport Shoes (Adidas, Nike)

$76.6 ₱4,804

$97.7 €87.2

-21.63%

Men's Leather Business Shoes

$59.3 ₱3,717

$177 €158

-66.44%

1-bedroom Apartment, City Center (Monthly)

$506 ₱31.7K

$823 €735

-38.57%

1-bedroom Apartment, Outside City Center (Monthly)

$309 ₱19.4K

$592 €528

-47.74%

3-bedroom Apartment, City Center (Monthly)

$1,052 ₱66.0K

$1,484 €1,324

-29.13%

3-bedroom Apartment, Outside City Center (Monthly)

$619 ₱38.8K

$1,168 €1,042

-47.00%

Buy Apartment in City Center (m2)

$2,915 ₱182.9K

$4,175 €3,726

-30.17%

Buy Apartment Outside City Center (m2)

$1,867 ₱117.1K

$2,981 €2,660

-37.37%

Average Monthly Net Salary (After Tax)

$341 ₱21.4K

$1,031 €920

-66.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.2

5.95

21.01%

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

Last update for Cebu: October 5, 2026

Last update for Budva: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$309 33.5%

Budva

$592 36.8% 91.3% $283

Groceries & Markets

Cebu

$210 22.7%

Budva

$237 14.7% 12.6% $27

Monthly Utilities & Internet

Cebu

$163 17.7%

Budva

$211 13.1% 29.1% $48

Clothing & Footwear

Cebu

$95 10.2%

Budva

$190 11.8% 101% $96

Eating Out

Cebu

$88 9.6%

Budva

$248 15.4% 181% $160

Sport & Entertainment

Cebu

$44 4.7%

Budva

$71 4.4% 63.2% $28

Getting Around

Cebu

$15 1.7%

Budva

$58 3.6% 277% $43

Cost Breakdown

A central one-bedroom costs $506 in Cebu versus $823 in Budva. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 202% higher in Budva, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $23.00 in Cebu versus $68.0 in Budva. Monthly groceries follow the same trend: $210 vs $237 – making Cebu the more affordable choice for daily food spending.

Good to know

🇵🇭 Cebu

🇲🇪 Budva

🕒 Local time

15:27 3:27 PM

09:27 9:27 AM

6 h behind Cebu

🌤 Weather

👥 Population

964,169

13,338

💱 Currency

Philippine Peso PHP ₱

Euro EUR €

📈 Exchange rate

100 PHP = 1.59 USD

100 PHP = 1.42 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to PHP – Philippine Peso Converter

🇺🇸 United States Dollar ($)

🇵🇭 Philippine Peso (₱)

Philippine Peso exchange rates as of October 10, 2026: 1 USD = 62.72 PHP (100 PHP = 1.59 USD). 1 EUR = 70.35 PHP (100 PHP = 1.42 EUR).

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

USD to PHP in detail →

On the map

Lowest

Highest

Between locations

Cebu Budva 10,450 km ≈ 14 h nonstop flight

From you

Cebu
Budva

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 Budva: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $934 in Cebu, $1,604 in Budva – roughly 72% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $1,401 per month in Cebu and $2,406 in Budva. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Cebu, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $934 in Cebu and $1,604 in Budva. That's a gap of about 72%.

Public transport costs about 216% less in Cebu. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Cebu, where all-in costs run around $934, than in Budva at $1,604. In Cebu it covers expenses comfortably, while in Budva it requires careful planning or may not stretch far enough.

It depends on your priorities. Cebu has an edge in some lifestyle areas, with costs from $934 in Cebu to $1,604 in Budva. Climate, culture, job market, and personal taste all factor in.

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