Last update: Oct 2026

Cost of Living Comparison Between Cebu and Grundarfjordur

For one person, living is cheaper in Cebu: $918 a month against $1,722 in Grundarfjordur, rent and utilities included – about $9,600 less a year. The total is higher in Grundarfjordur despite lower rent and utilities.

45

Cost of Living Index in Cebu
Learn more

Cebu Living Index
84

Cost of Living Index in Grundarfjordur
Learn more

Grundarfjordur Living Index

Jump to prices

Cebu

🇵🇭 Philippines

$918

/mo nomad

Grundarfjordur

🇮🇸 Iceland

$1,722

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Grundarfjordur

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

Monthly costs for one person with rent: $918 in Cebu versus $1,722 in Grundarfjordur.

Cebu $918
Grundarfjordur $1,722

Estimated couple costs with rent: $1,409 in Cebu versus $2,930 in Grundarfjordur.

Cebu $1,409
Grundarfjordur $2,930

Monthly costs for a family of three with rent: $1,900 in Cebu versus $4,138 in Grundarfjordur.

Cebu $1,900
Grundarfjordur $4,138

Living in Cebu costs roughly 47% less than in Grundarfjordur, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Cebu is 32% below, Grundarfjordur is 28% above.

Meal at Budget Restaurant

$3.09 ₱194

$31.43 ISK 3,812

-90.17%

Three-Course Dinner for Two, Mid-Range

$24.22 ₱1,524

$123 ISK 14.9K

-80.24%

Fast Food Meal (McDonalds, etc)

$3.92 ₱246

$27.34 ISK 3,316

-85.66%

Cappuccino

$2.51 ₱158

$6.73 ISK 816

-62.70%

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

$1.59 ₱100

$3.35 ISK 406

-52.54%

Water (0.33 liter bottle)

$0.53 ₱33.42

$3.02 ISK 367

-82.45%

Local Beer (0.5 liter draught)

$1.78 ₱112

$13.78 ISK 1,671

-87.08%

Imported Beer (0.33 liter bottle)

$2.17 ₱137

$12.34 ISK 1,496

-82.41%

Milk (1 liter)

$1.92 ₱121

$2.11 ISK 255

-9.00%

White Bread (500g)

$1.36 ₱85.4

$4.31 ISK 523

-68.45%

Rice (white) (1kg)

$1.01 ₱63.5

$3.60 ISK 437

-71.94%

Eggs

$2.03 ₱128

$7.15 ISK 867

-71.61%

Local Cheese (1kg)

$9.86 ₱621

$21.52 ISK 2,610

-54.18%

Chicken Fillets (1kg)

$4.39 ₱276

$24.59 ISK 2,983

-82.15%

Beef Round Steak (1kg)

$7.60 ₱478

$41.30 ISK 5,010

-81.60%

Apples (1kg)

$3.30 ₱208

$3.23 ISK 392

2.17%

Banana (1kg)

$1.39 ₱87.7

$2.88 ISK 349

-51.74%

Oranges (1kg)

$2.33 ₱147

$3.27 ISK 396

-28.75%

Tomato (1kg)

$1.50 ₱94.2

$6.39 ISK 776

-76.53%

Potato (1kg)

$2.36 ₱149

$3.96 ISK 480

-40.40%

Onion (1kg)

$1.90 ₱119

$1.68 ISK 204

13.10%

Lettuce (1 head)

$1.19 ₱74.9

$3.67 ISK 445

-67.57%

Water (1.5 liter bottle)

$0.63 ₱39.69

$1.83 ISK 222

-65.57%

Cigarettes 20 Pack (Marlboro, Camel)

$3.00 ₱189

$13.67 ISK 1,658

-78.05%

Wine (Bottle)

$6.03 ₱379

$23.72 ISK 2,877

-74.58%

Local Beer (0.5 liter bottle)

$1.23 ₱77.6

$3.53 ISK 428

-65.16%

Imported Beer (0.33 liter bottle)

$1.75 ₱110

$3.48 ISK 423

-49.71%

One-way Ticket (Public Transport)

$0.25 ₱15.85

Public Transport Monthly Pass (Regular Price)

$12.64 ₱795

Taxi Start (Normal Tariff)

$0.77 ₱48.59

$6.67 ISK 809

-88.46%

Taxi (Normal Tariff) (1km)

$0.23 ₱14.52

$2.90 ISK 352

-92.07%

Taxi 1hour Waiting (Normal Tariff)

$4.46 ₱280

$81.7 ISK 9,913

-94.54%

Gasoline (1 liter)

$1.31 ₱82.8

$2.02 ISK 245

-35.15%

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

$21.2K ₱1.3M

$51.5K ISK 6.2M

-58.76%

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

$19.1K ₱1.2M

$52.9K ISK 6.4M

-63.83%

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

$120 ₱7,566

$97.1 ISK 11.8K

23.85%

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

$14.00 ₱881

$32.85 ISK 3,985

-57.38%

Internet (50+ Mbps, Unlimited Data)

$27.54 ₱1,733

$85.2 ISK 10.3K

-67.66%

Gym Membership (Monthly)

$32.33 ₱2,034

Tennis Court (1 Hour on Weekend)

$6.65 ₱418

Cinema Ticket

$5.65 ₱355

$19.40 ISK 2,353

-70.88%

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

$275 ₱17.3K

$1,191 ISK 144.4K

-76.88%

International Primary School, 1 Child (Yearly)

$7,918 ₱498.3K

$25.8K ISK 3.1M

-69.29%

Jeans (Levis 501 Or Similar)

$49.33 ₱3,105

$147 ISK 17.8K

-66.37%

Summer Dress (H&M, Zara, etc)

$25.24 ₱1,589

$66.1 ISK 8,022

-61.84%

Sport Shoes (Adidas, Nike)

$77.0 ₱4,844

$185 ISK 22.5K

-58.50%

Men's Leather Business Shoes

$57.2 ₱3,600

$253 ISK 30.7K

-77.39%

1-bedroom Apartment, City Center (Monthly)

$500 ₱31.4K

1-bedroom Apartment, Outside City Center (Monthly)

$309 ₱19.4K

3-bedroom Apartment, City Center (Monthly)

$1,078 ₱67.8K

3-bedroom Apartment, Outside City Center (Monthly)

$615 ₱38.7K

Buy Apartment in City Center (m2)

$2,886 ₱181.6K

Buy Apartment Outside City Center (m2)

$1,917 ₱120.6K

$1,121 ISK 135.9K

70.99%

Average Monthly Net Salary (After Tax)

$346 ₱21.8K

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 Grundarfjordur: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$309 33.6%

Grundarfjordur

- * 0% 100%

Groceries & Markets

Cebu

$206 22.4%

Grundarfjordur

$621 36.1% 202% $415

Monthly Utilities & Internet

Cebu

$162 17.6%

Grundarfjordur

$215 12.5% 33% $53

Clothing & Footwear

Cebu

$94 10.2%

Grundarfjordur

$293 17% 212% $199

Eating Out

Cebu

$88 9.6%

Grundarfjordur

$533 31% 504% $445

Sport & Entertainment

Cebu

$44 4.8%

Grundarfjordur

$39 * 2.3% 11% $4.8

Getting Around

Cebu

$16 1.7%

Grundarfjordur

$21 * 1.2% 36% $5.6

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

Cost Breakdown

Dining out: $24.00 in Cebu vs $123 in Grundarfjordur for a mid-range dinner for two. Groceries echo the gap at $206 vs $621 per month, with Cebu cheaper across the board.

Good to know

🇵🇭 Cebu

🇮🇸 Grundarfjordur

🕒 Local time

03:45 3:45 AM

19:45 7:45 PM

8 h behind Cebu

🌤 Weather

👥 Population

964,169

800

💱 Currency

Philippine Peso PHP ₱

Icelandic Króna ISK kr

📈 Exchange rate

100 PHP = 1.59 USD

100 PHP = 1.42 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 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 16, 2026: 1 USD = 62.93 PHP (100 PHP = 1.59 USD). 1 EUR = 70.59 PHP (100 PHP = 1.42 EUR).

Icelandic Króna exchange rates as of October 16, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to PHP in detail →

On the map

Lowest

Highest

Between locations

Cebu Grundarfjordur 11,220 km ≈ 15 h nonstop flight

From you

Cebu
Grundarfjordur

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 Grundarfjordur: Cost of Living - Frequently Asked Questions

Cebu is cheaper overall, especially in groceries, clothing, and eating out. The 88% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,377 in Cebu and $2,584 in Grundarfjordur 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.

Supermarket bills run roughly 202% higher in Grundarfjordur. 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 $1,722 in Grundarfjordur – a 88% gap that adds up to real savings over time for anyone picking the cheaper option.

At $918 in Cebu versus $1,722 in Grundarfjordur, a $1,500 budget is realistic in Cebu but tight or insufficient in Grundarfjordur. 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 Grundarfjordur, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Cebu and Grundarfjordur 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 88% less than in Grundarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.