Last update: Oct 2026

Cost of Living Comparison Between Cebu and Egilsstadir

For one person, living is cheaper in Egilsstadir: $623 a month against $934 in Cebu, rent and utilities included – about $3,700 less a year. Higher rent and utilities in Cebu outweigh lower spending on other living expenses.

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Cost of Living Index in Cebu
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Cebu Living Index

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Cebu

🇵🇭 Philippines

$934

/mo nomad

Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Egilsstadir

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

Monthly costs for one person with rent: $934 in Cebu versus $623 in Egilsstadir.

Cebu $934
Egilsstadir $623

Estimated couple costs with rent: $1,415 in Cebu versus $1,044 in Egilsstadir.

Cebu $1,415
Egilsstadir $1,044

Monthly costs for a family of three with rent: $1,896 in Cebu versus $1,465 in Egilsstadir.

Cebu $1,896
Egilsstadir $1,465

Living in Cebu is roughly 50% more expensive than in Egilsstadir, and outside of rent the biggest gap is in groceries.

Both cities sit below the global median: Cebu 30% lower, Egilsstadir 53% lower.

Meal at Budget Restaurant

$3.03 ₱190

Three-Course Dinner for Two, Mid-Range

$23.48 ₱1,473

Fast Food Meal (McDonalds, etc)

$4.09 ₱256

Cappuccino

$2.52 ₱158

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

$1.54 ₱96.9

Water (0.33 liter bottle)

$0.49 ₱30.98

Local Beer (0.5 liter draught)

$1.79 ₱112

Imported Beer (0.33 liter bottle)

$2.26 ₱142

Milk (1 liter)

$1.95 ₱122

$1.70 ISK 207

14.71%

White Bread (500g)

$1.43 ₱89.7

$2.85 ISK 348

-49.82%

Rice (white) (1kg)

$1.02 ₱63.8

$2.48 ISK 302

-58.87%

Eggs

$2.06 ₱129

$5.85 ISK 713

-64.79%

Local Cheese (1kg)

$9.81 ₱615

$22.28 ISK 2,717

-55.97%

Chicken Fillets (1kg)

$4.61 ₱289

$33.23 ISK 4,052

-86.13%

Beef Round Steak (1kg)

$7.70 ₱483

$43.56 ISK 5,312

-82.32%

Apples (1kg)

$3.31 ₱207

$2.70 ISK 329

22.59%

Banana (1kg)

$1.45 ₱90.9

$2.45 ISK 298

-40.82%

Oranges (1kg)

$2.36 ₱148

$2.54 ISK 310

-7.09%

Tomato (1kg)

$1.54 ₱96.4

$3.85 ISK 469

-60.00%

Potato (1kg)

$2.36 ₱148

$4.40 ISK 536

-46.36%

Onion (1kg)

$1.99 ₱125

$2.11 ISK 257

-5.69%

Lettuce (1 head)

$1.15 ₱72.1

$2.20 ISK 268

-47.73%

Water (1.5 liter bottle)

$0.67 ₱42.15

$2.22 ISK 271

-69.82%

Cigarettes 20 Pack (Marlboro, Camel)

$3.00 ₱188

Wine (Bottle)

$6.35 ₱398

$22.37 ISK 2,728

-71.61%

Local Beer (0.5 liter bottle)

$1.31 ₱81.9

$3.99 ISK 487

-67.17%

Imported Beer (0.33 liter bottle)

$1.73 ₱108

$3.56 ISK 434

-51.40%

One-way Ticket (Public Transport)

$0.25 ₱15.78

Public Transport Monthly Pass (Regular Price)

$12.65 ₱793

Taxi Start (Normal Tariff)

$0.74 ₱46.32

$6.11 ISK 745

-87.89%

Taxi (Normal Tariff) (1km)

$0.21 ₱13.11

Taxi 1hour Waiting (Normal Tariff)

$4.33 ₱271

Gasoline (1 liter)

$1.33 ₱83.5

$2.33 ISK 284

-42.92%

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

$21.8K ₱1.4M

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

$19.4K ₱1.2M

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

$121 ₱7,563

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

$14.45 ₱907

Internet (50+ Mbps, Unlimited Data)

$28.29 ₱1,774

Gym Membership (Monthly)

$32.68 ₱2,050

Tennis Court (1 Hour on Weekend)

$6.39 ₱401

Cinema Ticket

$5.46 ₱342

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

$273 ₱17.1K

International Primary School, 1 Child (Yearly)

$8,156 ₱511.5K

Jeans (Levis 501 Or Similar)

$49.57 ₱3,109

Summer Dress (H&M, Zara, etc)

$24.87 ₱1,560

Sport Shoes (Adidas, Nike)

$76.6 ₱4,804

Men's Leather Business Shoes

$59.3 ₱3,717

1-bedroom Apartment, City Center (Monthly)

$506 ₱31.7K

1-bedroom Apartment, Outside City Center (Monthly)

$309 ₱19.4K

3-bedroom Apartment, City Center (Monthly)

$1,052 ₱66.0K

3-bedroom Apartment, Outside City Center (Monthly)

$619 ₱38.8K

Buy Apartment in City Center (m2)

$2,915 ₱182.9K

Buy Apartment Outside City Center (m2)

$1,867 ₱117.1K

Average Monthly Net Salary (After Tax)

$341 ₱21.4K

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 5, 2026

Last update for Egilsstadir: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$309 33.5%

Egilsstadir

–

Groceries & Markets

Cebu

$210 22.7%

Egilsstadir

–

Monthly Utilities & Internet

Cebu

$163 17.7%

Egilsstadir

–

Clothing & Footwear

Cebu

$95 10.2%

Egilsstadir

–

Eating Out

Cebu

$88 9.6%

Egilsstadir

–

Sport & Entertainment

Cebu

$44 4.7%

Egilsstadir

–

Getting Around

Cebu

$15 1.7%

Egilsstadir

–

Good to know

🇵🇭 Cebu

🇮🇸 Egilsstadir

🕒 Local time

16:22 4:22 PM

08:22 8:22 AM

8 h behind Cebu

🌤 Weather

👥 Population

964,169

2,500

💱 Currency

Philippine Peso PHP ₱

Icelandic Króna ISK kr

📈 Exchange rate

100 PHP = 1.59 USD

100 PHP = 1.42 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.31 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 10, 2026: 1 USD = 62.72 PHP (100 PHP = 1.59 USD). 1 EUR = 70.35 PHP (100 PHP = 1.42 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to PHP in detail →

On the map

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Between locations

Cebu Egilsstadir 10,940 km ≈ 14 h nonstop flight

From you

Cebu
Egilsstadir

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in clothing, eating out, and leisure. The 50% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,401 in Cebu and $935 in Egilsstadir to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Cebu pay roughly 197% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $934 per month in Cebu versus $623 in Egilsstadir – a 50% gap that adds up to real savings over time for anyone picking the cheaper option.

Either city works on $1,000 a month, though Egilsstadir gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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

Safety-wise, Cebu and Egilsstadir 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 Egilsstadir gentler on the wallet – expenses run 50% less than in Cebu. Beyond cost, consider language, visa policies, and how big the international community is in each city.