Last update: Oct 2026

Cost of Living Comparison Between Cebu and Hverageroi

For one person, living is cheaper in Cebu: $915 a month against $1,716 in Hverageroi, rent and utilities included – about $9,600 less a year. The total is higher in Hverageroi despite lower rent and utilities.

44

Cost of Living Index in Cebu
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Cebu Living Index
83

Cost of Living Index in Hverageroi
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Hverageroi Living Index

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Cebu

🇵🇭 Philippines

$915

/mo nomad

Hverageroi

🇮🇸 Iceland

$1,716

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Hverageroi

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

Monthly costs for one person with rent: $915 in Cebu versus $1,716 in Hverageroi.

Cebu $915
Hverageroi $1,716

Estimated couple costs with rent: $1,418 in Cebu versus $2,924 in Hverageroi.

Cebu $1,418
Hverageroi $2,924

Monthly costs for a family of three with rent: $1,921 in Cebu versus $4,132 in Hverageroi.

Cebu $1,921
Hverageroi $4,132

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

The two cities straddle the global median: Cebu is 33% below, Hverageroi is 27% above.

Meal at Budget Restaurant

$3.05 ₱192

$31.36 ISK 3,804

-90.27%

Three-Course Dinner for Two, Mid-Range

$24.00 ₱1,511

$124 ISK 15.0K

-80.59%

Fast Food Meal (McDonalds, etc)

$3.99 ₱251

$27.18 ISK 3,297

-85.32%

Cappuccino

$2.50 ₱157

$6.63 ISK 805

-62.29%

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

$1.54 ₱97.1

$3.27 ISK 397

-52.91%

Water (0.33 liter bottle)

$0.50 ₱31.37

$3.07 ISK 372

-83.71%

Local Beer (0.5 liter draught)

$1.78 ₱112

$13.88 ISK 1,684

-87.18%

Imported Beer (0.33 liter bottle)

$2.17 ₱136

$12.43 ISK 1,508

-82.54%

Milk (1 liter)

$2.00 ₱126

$2.00 ISK 243

White Bread (500g)

$1.37 ₱86.2

$4.21 ISK 511

-67.46%

Rice (white) (1kg)

$1.03 ₱64.9

$3.72 ISK 451

-72.31%

Eggs

$2.03 ₱128

$7.22 ISK 875

-71.88%

Local Cheese (1kg)

$10.20 ₱642

$21.86 ISK 2,652

-53.34%

Chicken Fillets (1kg)

$4.45 ₱280

$24.44 ISK 2,964

-81.79%

Beef Round Steak (1kg)

$7.67 ₱483

$42.38 ISK 5,140

-81.90%

Apples (1kg)

$3.31 ₱208

$3.37 ISK 408

-1.78%

Banana (1kg)

$1.46 ₱91.8

$2.86 ISK 347

-48.95%

Oranges (1kg)

$2.32 ₱146

$3.18 ISK 386

-27.04%

Tomato (1kg)

$1.49 ₱94.0

$6.44 ISK 781

-76.86%

Potato (1kg)

$2.34 ₱147

$3.90 ISK 473

-40.00%

Onion (1kg)

$1.94 ₱122

$1.63 ISK 198

19.02%

Lettuce (1 head)

$1.16 ₱73.0

$3.63 ISK 440

-68.04%

Water (1.5 liter bottle)

$0.68 ₱42.89

$1.77 ISK 214

-61.58%

Cigarettes 20 Pack (Marlboro, Camel)

$2.99 ₱188

$13.73 ISK 1,665

-78.22%

Wine (Bottle)

$6.24 ₱393

$23.30 ISK 2,826

-73.22%

Local Beer (0.5 liter bottle)

$1.23 ₱77.3

$3.69 ISK 448

-66.67%

Imported Beer (0.33 liter bottle)

$1.73 ₱109

$3.38 ISK 410

-48.82%

One-way Ticket (Public Transport)

$0.23 ₱14.36

Public Transport Monthly Pass (Regular Price)

$12.34 ₱777

Taxi Start (Normal Tariff)

$0.79 ₱49.96

$6.91 ISK 838

-88.57%

Taxi (Normal Tariff) (1km)

$0.22 ₱13.86

$2.80 ISK 340

-92.14%

Taxi 1hour Waiting (Normal Tariff)

$4.54 ₱286

$80.1 ISK 9,720

-94.33%

Gasoline (1 liter)

$1.32 ₱82.9

$2.11 ISK 255

-37.44%

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

$21.0K ₱1.3M

$50.6K ISK 6.1M

-58.51%

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

$19.4K ₱1.2M

$54.7K ISK 6.6M

-64.52%

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

$119 ₱7,464

$94.6 ISK 11.5K

25.36%

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

$14.22 ₱896

$32.31 ISK 3,919

-55.99%

Internet (50+ Mbps, Unlimited Data)

$27.47 ₱1,730

$87.3 ISK 10.6K

-68.54%

Gym Membership (Monthly)

$32.31 ₱2,034

Tennis Court (1 Hour on Weekend)

$6.50 ₱409

Cinema Ticket

$5.40 ₱340

$19.48 ISK 2,363

-72.28%

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

$276 ₱17.4K

$1,167 ISK 141.5K

-76.35%

International Primary School, 1 Child (Yearly)

$7,866 ₱495.3K

$25.4K ISK 3.1M

-69.06%

Jeans (Levis 501 Or Similar)

$49.37 ₱3,108

$147 ISK 17.9K

-66.52%

Summer Dress (H&M, Zara, etc)

$24.58 ₱1,548

$67.1 ISK 8,134

-63.35%

Sport Shoes (Adidas, Nike)

$76.6 ₱4,825

$179 ISK 21.7K

-57.16%

Men's Leather Business Shoes

$58.9 ₱3,706

$248 ISK 30.0K

-76.23%

1-bedroom Apartment, City Center (Monthly)

$503 ₱31.7K

1-bedroom Apartment, Outside City Center (Monthly)

$305 ₱19.2K

3-bedroom Apartment, City Center (Monthly)

$1,075 ₱67.7K

3-bedroom Apartment, Outside City Center (Monthly)

$632 ₱39.8K

Buy Apartment in City Center (m2)

$2,870 ₱180.7K

Buy Apartment Outside City Center (m2)

$1,877 ₱118.2K

Average Monthly Net Salary (After Tax)

$336 ₱21.1K

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 19, 2026

Last update for Hverageroi: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$305 33.3%

Hverageroi

- * 0% 100%

Groceries & Markets

Cebu

$210 22.9%

Hverageroi

$622 36.3% 197% $413

Monthly Utilities & Internet

Cebu

$160 17.5%

Hverageroi

$214 12.5% 33.7% $54

Clothing & Footwear

Cebu

$94 10.3%

Hverageroi

$288 16.8% 206% $194

Eating Out

Cebu

$88 9.6%

Hverageroi

$532 31% 506% $444

Sport & Entertainment

Cebu

$43 4.7%

Hverageroi

$39 * 2.3% 9.6% $4.1

Getting Around

Cebu

$15 1.7%

Hverageroi

$21 * 1.2% 38.1% $5.8

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 $124 in Hverageroi for a mid-range dinner for two. Groceries echo the gap at $210 vs $622 per month, with Cebu cheaper across the board.

Good to know

🇵🇭 Cebu

🇮🇸 Hverageroi

🕒 Local time

13:19 1:19 PM

05:19 5:19 AM

8 h behind Cebu

🌤 Weather

👥 Population

964,169

2,657

💱 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 21, 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 21, 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 Hverageroi 11,250 km ≈ 15 h nonstop flight

From you

Cebu
Hverageroi

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 Hverageroi: 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 $1,372 in Cebu and $2,575 in Hverageroi 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 197% higher in Hverageroi. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $915 per month in Cebu versus $1,716 in Hverageroi – a 88% gap that adds up to real savings over time for anyone picking the cheaper option.

At $915 in Cebu versus $1,716 in Hverageroi, a $1,500 budget is realistic in Cebu but tight or insufficient in Hverageroi. 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 Hverageroi, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Cebu and Hverageroi 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 Hverageroi. Beyond cost, consider language, visa policies, and how big the international community is in each city.