Last update: Oct 2026

Cost of Living Comparison Between Grundarfjordur and Cebu

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.

84

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index
45

Cost of Living Index in Cebu
Learn more

Cebu Living Index

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Grundarfjordur

🇮🇸 Iceland

$1,722

/mo nomad

Cebu

🇵🇭 Philippines

$918

/mo nomad

Monthly Cost of Living

How much you'll spend in Grundarfjordur and in Cebu

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Grundarfjordur and in Cebu actually costs, broken down by who's living it.

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

Grundarfjordur $1,722
Cebu $918

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

Grundarfjordur $2,930
Cebu $1,409

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

Grundarfjordur $4,138
Cebu $1,900

Living in Grundarfjordur is roughly 88% more expensive than in Cebu, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$31.43 ISK 3,812

$3.09 ₱194

917.15%

Three-Course Dinner for Two, Mid-Range

$123 ISK 14.9K

$24.22 ₱1,524

406.07%

Fast Food Meal (McDonalds, etc)

$27.34 ISK 3,316

$3.92 ₱246

597.45%

Cappuccino

$6.73 ISK 816

$2.51 ₱158

168.13%

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

$3.35 ISK 406

$1.59 ₱100

110.69%

Water (0.33 liter bottle)

$3.02 ISK 367

$0.53 ₱33.42

469.81%

Local Beer (0.5 liter draught)

$13.78 ISK 1,671

$1.78 ₱112

674.16%

Imported Beer (0.33 liter bottle)

$12.34 ISK 1,496

$2.17 ₱137

468.66%

Milk (1 liter)

$2.11 ISK 255

$1.92 ₱121

9.90%

White Bread (500g)

$4.31 ISK 523

$1.36 ₱85.4

216.91%

Rice (white) (1kg)

$3.60 ISK 437

$1.01 ₱63.5

256.44%

Eggs

$7.15 ISK 867

$2.03 ₱128

252.22%

Local Cheese (1kg)

$21.52 ISK 2,610

$9.86 ₱621

118.26%

Chicken Fillets (1kg)

$24.59 ISK 2,983

$4.39 ₱276

460.14%

Beef Round Steak (1kg)

$41.30 ISK 5,010

$7.60 ₱478

443.42%

Apples (1kg)

$3.23 ISK 392

$3.30 ₱208

-2.12%

Banana (1kg)

$2.88 ISK 349

$1.39 ₱87.7

107.19%

Oranges (1kg)

$3.27 ISK 396

$2.33 ₱147

40.34%

Tomato (1kg)

$6.39 ISK 776

$1.50 ₱94.2

326.00%

Potato (1kg)

$3.96 ISK 480

$2.36 ₱149

67.80%

Onion (1kg)

$1.68 ISK 204

$1.90 ₱119

-11.58%

Lettuce (1 head)

$3.67 ISK 445

$1.19 ₱74.9

208.40%

Water (1.5 liter bottle)

$1.83 ISK 222

$0.63 ₱39.69

190.48%

Cigarettes 20 Pack (Marlboro, Camel)

$13.67 ISK 1,658

$3.00 ₱189

355.67%

Wine (Bottle)

$23.72 ISK 2,877

$6.03 ₱379

293.37%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.23 ₱77.6

186.99%

Imported Beer (0.33 liter bottle)

$3.48 ISK 423

$1.75 ₱110

98.86%

One-way Ticket (Public Transport)

$0.25 ₱15.85

Public Transport Monthly Pass (Regular Price)

$12.64 ₱795

Taxi Start (Normal Tariff)

$6.67 ISK 809

$0.77 ₱48.59

766.23%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.23 ₱14.52

1160.87%

Taxi 1hour Waiting (Normal Tariff)

$81.7 ISK 9,913

$4.46 ₱280

1732.51%

Gasoline (1 liter)

$2.02 ISK 245

$1.31 ₱82.8

54.20%

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

$51.5K ISK 6.2M

$21.2K ₱1.3M

142.48%

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

$52.9K ISK 6.4M

$19.1K ₱1.2M

176.44%

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

$97.1 ISK 11.8K

$120 ₱7,566

-19.25%

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

$32.85 ISK 3,985

$14.00 ₱881

134.64%

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.3K

$27.54 ₱1,733

209.22%

Gym Membership (Monthly)

$32.33 ₱2,034

Tennis Court (1 Hour on Weekend)

$6.65 ₱418

Cinema Ticket

$19.40 ISK 2,353

$5.65 ₱355

243.36%

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

$1,191 ISK 144.4K

$275 ₱17.3K

332.53%

International Primary School, 1 Child (Yearly)

$25.8K ISK 3.1M

$7,918 ₱498.3K

225.61%

Jeans (Levis 501 Or Similar)

$147 ISK 17.8K

$49.33 ₱3,105

197.34%

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,022

$25.24 ₱1,589

162.04%

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$77.0 ₱4,844

140.98%

Men's Leather Business Shoes

$253 ISK 30.7K

$57.2 ₱3,600

342.29%

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)

$1,121 ISK 135.9K

$1,917 ₱120.6K

-41.52%

Average Monthly Net Salary (After Tax)

$346 ₱21.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

7.2

22.36%

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

Last update for Grundarfjordur: October 10, 2026

Last update for Cebu: October 12, 2026

Monthly budget structure

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

Groceries & Markets

Grundarfjordur

$621 36.1%

Cebu

$206 22.4% 66.9% $415

Eating Out

Grundarfjordur

$533 31%

Cebu

$88 9.6% 83.4% $445

Clothing & Footwear

Grundarfjordur

$293 17%

Cebu

$94 10.2% 67.9% $199

Monthly Utilities & Internet

Grundarfjordur

$215 12.5%

Cebu

$162 17.6% 24.8% $53

Sport & Entertainment

Grundarfjordur

$39 * 2.3%

Cebu

$44 4.8% 12.4% $4.8

Getting Around

Grundarfjordur

$21 * 1.2%

Cebu

$16 1.7% 26.5% $5.6

Accommodation & Living

Grundarfjordur

- * 0%

Cebu

$309 33.6%

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

Cost Breakdown

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

Good to know

🇮🇸 Grundarfjordur

🇵🇭 Cebu

🕒 Local time

18:57 6:57 PM

02:57 2:57 AM

8 h ahead of Grundarfjordur

🌤 Weather

👥 Population

800

964,169

💱 Currency

Icelandic Króna ISK kr

Philippine Peso PHP ₱

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

100 PHP = 1.59 USD

100 PHP = 1.42 EUR

Exchange rates and currency converter

PHP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

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).

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).

USD to ISK in detail →

On the map

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Between locations

Grundarfjordur Cebu 11,220 km ≈ 15 h nonstop flight

From you

Grundarfjordur
Cebu

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

Grundarfjordur vs Cebu: Cost of Living - Frequently Asked Questions

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

You'd need roughly $2,584 in Grundarfjordur and $1,377 in Cebu 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 $1,722 per month in Grundarfjordur versus $918 in Cebu – 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, Grundarfjordur and Cebu 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.