Last update: Oct 2026

Cost of Living Comparison Between Cebu and Drangsnes

For one person, living is cheaper in Cebu: $918 a month against $1,712 in Drangsnes, rent and utilities included – about $9,500 less a year. The total is higher in Drangsnes despite lower rent and utilities.

45

Cost of Living Index in Cebu
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Cebu Living Index
84

Cost of Living Index in Drangsnes
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Drangsnes Living Index

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Cebu

🇵🇭 Philippines

$918

/mo nomad

Drangsnes

🇮🇸 Iceland

$1,712

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Drangsnes

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

Monthly costs for one person with rent: $918 in Cebu versus $1,712 in Drangsnes.

Cebu $918
Drangsnes $1,712

Estimated couple costs with rent: $1,409 in Cebu versus $2,910 in Drangsnes.

Cebu $1,409
Drangsnes $2,910

Monthly costs for a family of three with rent: $1,900 in Cebu versus $4,109 in Drangsnes.

Cebu $1,900
Drangsnes $4,109

Living in Cebu costs roughly 46% less than in Drangsnes, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Cebu is 32% below, Drangsnes is 27% above.

Meal at Budget Restaurant

$3.09 ₱194

$30.53 ISK 3,703

-89.88%

Three-Course Dinner for Two, Mid-Range

$24.22 ₱1,525

$122 ISK 14.8K

-80.09%

Fast Food Meal (McDonalds, etc)

$3.92 ₱247

$27.37 ISK 3,320

-85.68%

Cappuccino

$2.51 ₱158

$6.65 ISK 806

-62.26%

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

$1.59 ₱100

$3.40 ISK 412

-53.24%

Water (0.33 liter bottle)

$0.53 ₱33.43

$3.02 ISK 366

-82.45%

Local Beer (0.5 liter draught)

$1.78 ₱112

$14.04 ISK 1,703

-87.32%

Imported Beer (0.33 liter bottle)

$2.17 ₱137

$12.40 ISK 1,504

-82.50%

Milk (1 liter)

$1.92 ₱121

$2.10 ISK 255

-8.57%

White Bread (500g)

$1.36 ₱85.4

$4.32 ISK 523

-68.52%

Rice (white) (1kg)

$1.01 ₱63.5

$3.65 ISK 443

-72.33%

Eggs

$2.03 ₱128

$6.97 ISK 845

-70.88%

Local Cheese (1kg)

$9.86 ₱621

$21.84 ISK 2,649

-54.85%

Chicken Fillets (1kg)

$4.39 ₱277

$24.20 ISK 2,935

-81.86%

Beef Round Steak (1kg)

$7.60 ₱479

$41.38 ISK 5,019

-81.63%

Apples (1kg)

$3.30 ₱208

$3.35 ISK 406

-1.49%

Banana (1kg)

$1.39 ₱87.8

$2.78 ISK 337

-50.00%

Oranges (1kg)

$2.33 ₱147

$3.27 ISK 397

-28.75%

Tomato (1kg)

$1.50 ₱94.3

$6.43 ISK 780

-76.67%

Potato (1kg)

$2.36 ₱149

$3.81 ISK 462

-38.06%

Onion (1kg)

$1.90 ₱119

$1.63 ISK 198

16.56%

Lettuce (1 head)

$1.19 ₱74.9

$3.82 ISK 463

-68.85%

Water (1.5 liter bottle)

$0.63 ₱39.71

$1.81 ISK 219

-65.19%

Cigarettes 20 Pack (Marlboro, Camel)

$3.00 ₱189

$14.12 ISK 1,713

-78.75%

Wine (Bottle)

$6.03 ₱379

$23.60 ISK 2,862

-74.45%

Local Beer (0.5 liter bottle)

$1.23 ₱77.7

$3.69 ISK 447

-66.67%

Imported Beer (0.33 liter bottle)

$1.75 ₱110

$3.33 ISK 403

-47.45%

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

$6.66 ISK 808

-88.44%

Taxi (Normal Tariff) (1km)

$0.23 ₱14.53

$2.91 ISK 353

-92.10%

Taxi 1hour Waiting (Normal Tariff)

$4.46 ₱281

$80.9 ISK 9,806

-94.48%

Gasoline (1 liter)

$1.31 ₱82.8

$2.12 ISK 257

-38.21%

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

$21.2K ₱1.3M

$50.3K ISK 6.1M

-57.78%

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

$19.1K ₱1.2M

$53.0K ISK 6.4M

-63.85%

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

$120 ₱7,569

$95.5 ISK 11.6K

25.95%

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

$14.00 ₱882

$32.50 ISK 3,942

-56.92%

Internet (50+ Mbps, Unlimited Data)

$27.54 ₱1,734

$85.5 ISK 10.4K

-67.77%

Gym Membership (Monthly)

$32.33 ₱2,035

Tennis Court (1 Hour on Weekend)

$6.65 ₱419

Cinema Ticket

$5.65 ₱356

$19.83 ISK 2,405

-71.51%

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

$275 ₱17.3K

$1,173 ISK 142.3K

-76.53%

International Primary School, 1 Child (Yearly)

$7,918 ₱498.5K

$26.3K ISK 3.2M

-69.89%

Jeans (Levis 501 Or Similar)

$49.33 ₱3,106

$150 ISK 18.1K

-67.02%

Summer Dress (H&M, Zara, etc)

$25.24 ₱1,589

$66.2 ISK 8,034

-61.90%

Sport Shoes (Adidas, Nike)

$77.0 ₱4,846

$180 ISK 21.9K

-57.32%

Men's Leather Business Shoes

$57.2 ₱3,601

$250 ISK 30.4K

-77.16%

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

$6,197 ISK 751.6K

-94.42%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.2

8.81

-18.27%

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

Last update for Cebu: October 12, 2026

Last update for Drangsnes: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$309 33.6%

Drangsnes

- * 0% 100%

Groceries & Markets

Cebu

$206 22.4%

Drangsnes

$620 36.2% 201% $414

Monthly Utilities & Internet

Cebu

$162 17.6%

Drangsnes

$213 12.5% 31.9% $52

Clothing & Footwear

Cebu

$94 10.2%

Drangsnes

$291 17% 210% $197

Eating Out

Cebu

$88 9.6%

Drangsnes

$527 30.8% 497% $439

Sport & Entertainment

Cebu

$44 4.8%

Drangsnes

$40 * 2.3% 9.1% $4

Getting Around

Cebu

$16 1.7%

Drangsnes

$21 * 1.2% 36.3% $5.6

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Drangsnes pays 1691% 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: $24.00 in Cebu vs $122 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $206 vs $620 per month, with Cebu cheaper across the board.

Good to know

🇵🇭 Cebu

🇮🇸 Drangsnes

🕒 Local time

11:15 11:15 AM

03:15 3:15 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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Highest

Between locations

Cebu Drangsnes 11,100 km ≈ 14 h nonstop flight

From you

Cebu
Drangsnes

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 Drangsnes: Cost of Living - Frequently Asked Questions

Cebu is cheaper overall, especially in groceries, clothing, and eating out. The 87% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 1691% lower in Drangsnes. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Supermarket bills run roughly 201% higher in Drangsnes. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $918 per month in Cebu versus $1,712 in Drangsnes – a 87% gap that adds up to real savings over time for anyone picking the cheaper option.

At $918 in Cebu versus $1,712 in Drangsnes, a $1,500 budget is realistic in Cebu but tight or insufficient in Drangsnes. The gap between the two cities makes Cebu the clear choice for anyone on this budget.

For families, Cebu is more practical. Housing and childcare are both notably cheaper than in Drangsnes, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Cebu and Drangsnes 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 87% less than in Drangsnes. Beyond cost, consider language, visa policies, and how big the international community is in each city.