Last update: Nov 2026

Cost of Living Comparison Between Cebu and Isafjordur

For one person, living is cheaper in Isafjordur: $262 a month against $943 in Cebu, rent and utilities included – about $8,200 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Cebu
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Cebu Living Index

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Cebu

🇵🇭 Philippines

$943

/mo nomad

Isafjordur

🇮🇸 Iceland

$262

/mo nomad

Monthly Cost of Living

How much you'll spend in Cebu and in Isafjordur

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

Monthly costs for one person with rent: $943 in Cebu versus $262 in Isafjordur.

Cebu $943
Isafjordur $262

Estimated couple costs with rent: $1,437 in Cebu versus $400 in Isafjordur.

Cebu $1,437
Isafjordur $400

Monthly costs for a family of three with rent: $1,930 in Cebu versus $538 in Isafjordur.

Cebu $1,930
Isafjordur $538

Living in Cebu is roughly 260% more expensive than in Isafjordur.

Both cities sit below the global median: Cebu 30% lower, Isafjordur 81% lower.

Meal at Budget Restaurant

$3.88 ₱244

$16.46 ISK 2,000

-76.43%

Three-Course Dinner for Two, Mid-Range

$23.22 ₱1,462

Fast Food Meal (McDonalds, etc)

$3.90 ₱246

Cappuccino

$2.56 ₱161

$5.02 ISK 610

-49.00%

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

$1.60 ₱101

$1.58 ISK 192

1.27%

Water (0.33 liter bottle)

$0.51 ₱32.03

Local Beer (0.5 liter draught)

$1.76 ₱111

$7.97 ISK 968

-77.92%

Imported Beer (0.33 liter bottle)

$2.15 ₱136

$12.06 ISK 1,466

-82.17%

Milk (1 liter)

$1.99 ₱125

White Bread (500g)

$1.37 ₱86.3

Rice (white) (1kg)

$0.95 ₱59.9

Eggs

$2.02 ₱127

Local Cheese (1kg)

$9.63 ₱606

Chicken Fillets (1kg)

$4.35 ₱274

Beef Round Steak (1kg)

$7.70 ₱485

Apples (1kg)

$3.30 ₱207

Banana (1kg)

$1.27 ₱79.7

Oranges (1kg)

$2.34 ₱148

Tomato (1kg)

$1.51 ₱95.4

Potato (1kg)

$2.23 ₱141

Onion (1kg)

$1.93 ₱122

Lettuce (1 head)

$1.18 ₱74.4

Water (1.5 liter bottle)

$0.65 ₱40.93

Cigarettes 20 Pack (Marlboro, Camel)

$2.89 ₱182

Wine (Bottle)

$6.35 ₱400

Local Beer (0.5 liter bottle)

$1.27 ₱80.1

Imported Beer (0.33 liter bottle)

$1.64 ₱103

One-way Ticket (Public Transport)

$0.23 ₱14.42

Public Transport Monthly Pass (Regular Price)

$12.24 ₱771

Taxi Start (Normal Tariff)

$0.82 ₱51.5

Taxi (Normal Tariff) (1km)

$0.20 ₱12.56

Taxi 1hour Waiting (Normal Tariff)

$4.32 ₱272

Gasoline (1 liter)

$1.38 ₱86.7

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

$21.2K ₱1.3M

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

$19.3K ₱1.2M

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

$124 ₱7,816

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

$15.93 ₱1,003

Internet (50+ Mbps, Unlimited Data)

$28.07 ₱1,768

Gym Membership (Monthly)

$33.41 ₱2,104

Tennis Court (1 Hour on Weekend)

$6.40 ₱403

Cinema Ticket

$5.85 ₱368

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

$271 ₱17.0K

International Primary School, 1 Child (Yearly)

$8,060 ₱507.5K

Jeans (Levis 501 Or Similar)

$48.31 ₱3,042

Summer Dress (H&M, Zara, etc)

$24.56 ₱1,546

Sport Shoes (Adidas, Nike)

$77.1 ₱4,856

Men's Leather Business Shoes

$56.5 ₱3,558

1-bedroom Apartment, City Center (Monthly)

$495 ₱31.2K

1-bedroom Apartment, Outside City Center (Monthly)

$322 ₱20.3K

3-bedroom Apartment, City Center (Monthly)

$990 ₱62.4K

3-bedroom Apartment, Outside City Center (Monthly)

$628 ₱39.6K

Buy Apartment in City Center (m2)

$4,459 ₱280.7K

Buy Apartment Outside City Center (m2)

$3,030 ₱190.8K

Average Monthly Net Salary (After Tax)

$343 ₱21.6K

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: November 2, 2026

Last update for Isafjordur: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Cebu

$322 34.1%

Isafjordur

–

Groceries & Markets

Cebu

$206 21.8%

Isafjordur

–

Monthly Utilities & Internet

Cebu

$168 17.8%

Isafjordur

–

Eating Out

Cebu

$95 10.1%

Isafjordur

–

Clothing & Footwear

Cebu

$93 9.9%

Isafjordur

–

Sport & Entertainment

Cebu

$45 4.8%

Isafjordur

–

Getting Around

Cebu

$15 1.6%

Isafjordur

–

Good to know

🇵🇭 Cebu

🇮🇸 Isafjordur

🕒 Local time

17:34 5:34 PM

09:34 9:34 AM

8 h behind Cebu

🌤 Weather

👥 Population

964,169

2,600

💱 Currency

Philippine Peso PHP ₱

Icelandic Króna ISK kr

📈 Exchange rate

100 PHP = 1.59 USD

100 PHP = 1.41 EUR

1,000 ISK = 8.23 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 November 6, 2026: 1 USD = 62.97 PHP (100 PHP = 1.59 USD). 1 EUR = 70.72 PHP (100 PHP = 1.41 EUR).

Icelandic Króna exchange rates as of November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 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 Isafjordur 11,110 km ≈ 14 h nonstop flight

From you

Cebu
Isafjordur

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 Isafjordur: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $943 in Cebu and $262 in Isafjordur, so Isafjordur is about 72% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $1,415 in Cebu and $393 in Isafjordur 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.

Either city works on $1,200 a month, though Isafjordur gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Cebu and Isafjordur are both considered safe, so it’s unlikely to be the deciding factor between them.