Last update: Oct 2026

Cost of Living Comparison Between Hafnarfjordur and Cebu

For one person, living is cheaper in Cebu: $918 a month against $3,877 in Hafnarfjordur, rent and utilities included – about $35,500 less a year. Rent and utilities account for most of the difference.

186

Cost of Living Index in Hafnarfjordur
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Hafnarfjordur Living Index
45

Cost of Living Index in Cebu
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Cebu Living Index

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Hafnarfjordur

🇮🇸 Iceland

$3,877

/mo nomad

Cebu

🇵🇭 Philippines

$918

/mo nomad

Monthly Cost of Living

How much you'll spend in Hafnarfjordur 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 Hafnarfjordur and in Cebu actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,877 in Hafnarfjordur versus $918 in Cebu.

Hafnarfjordur $3,877
Cebu $918

Estimated couple costs with rent: $5,400 in Hafnarfjordur versus $1,409 in Cebu.

Hafnarfjordur $5,400
Cebu $1,409

Monthly costs for a family of three with rent: $6,923 in Hafnarfjordur versus $1,900 in Cebu.

Hafnarfjordur $6,923
Cebu $1,900

Living in Hafnarfjordur is roughly 322% more expensive than in Cebu, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Hafnarfjordur is 187% above, Cebu is 32% below.

Meal at Budget Restaurant

$31.03 ISK 3,763

$3.09 ₱194

904.21%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.0K

$24.22 ₱1,525

411.81%

Fast Food Meal (McDonalds, etc)

$16.27 ISK 1,973

$3.92 ₱247

315.05%

Cappuccino

$6.88 ISK 835

$2.51 ₱158

174.10%

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

$3.27 ISK 396

$1.59 ₱100

105.66%

Water (0.33 liter bottle)

$3.07 ISK 372

$0.53 ₱33.43

479.25%

Local Beer (0.5 liter draught)

$14.18 ISK 1,720

$1.78 ₱112

696.63%

Imported Beer (0.33 liter bottle)

$12.22 ISK 1,482

$2.17 ₱137

463.13%

Milk (1 liter)

$1.70 ISK 207

$1.92 ₱121

-11.46%

White Bread (500g)

$4.18 ISK 507

$1.36 ₱85.4

207.35%

Rice (white) (1kg)

$3.61 ISK 438

$1.01 ₱63.5

257.43%

Eggs

$7.19 ISK 872

$2.03 ₱128

254.19%

Local Cheese (1kg)

$21.88 ISK 2,654

$9.86 ₱621

121.91%

Chicken Fillets (1kg)

$24.76 ISK 3,003

$4.39 ₱277

464.01%

Beef Round Steak (1kg)

$42.29 ISK 5,130

$7.60 ₱479

456.45%

Apples (1kg)

$3.41 ISK 413

$3.30 ₱208

3.33%

Banana (1kg)

$2.50 ISK 303

$1.39 ₱87.8

79.86%

Oranges (1kg)

$3.18 ISK 386

$2.33 ₱147

36.48%

Tomato (1kg)

$6.33 ISK 767

$1.50 ₱94.3

322.00%

Potato (1kg)

$3.87 ISK 469

$2.36 ₱149

63.98%

Onion (1kg)

$1.69 ISK 205

$1.90 ₱119

-11.05%

Lettuce (1 head)

$3.69 ISK 447

$1.19 ₱74.9

210.08%

Water (1.5 liter bottle)

$1.81 ISK 220

$0.63 ₱39.71

187.30%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,674

$3.00 ₱189

360.00%

Wine (Bottle)

$23.94 ISK 2,904

$6.03 ₱379

297.01%

Local Beer (0.5 liter bottle)

$3.54 ISK 430

$1.23 ₱77.7

187.80%

Imported Beer (0.33 liter bottle)

$3.43 ISK 416

$1.75 ₱110

96.00%

One-way Ticket (Public Transport)

$5.21 ISK 632

$0.25 ₱15.86

1984.00%

Public Transport Monthly Pass (Regular Price)

$85.4 ISK 10.4K

$12.64 ₱796

575.71%

Taxi Start (Normal Tariff)

$6.58 ISK 798

$0.77 ₱48.62

754.55%

Taxi (Normal Tariff) (1km)

$2.80 ISK 339

$0.23 ₱14.53

1117.39%

Taxi 1hour Waiting (Normal Tariff)

$80.9 ISK 9,810

$4.46 ₱281

1713.45%

Gasoline (1 liter)

$2.04 ISK 248

$1.31 ₱82.8

55.73%

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

$51.3K ISK 6.2M

$21.2K ₱1.3M

141.56%

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

$53.3K ISK 6.5M

$19.1K ₱1.2M

178.43%

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

$70.7 ISK 8,571

$120 ₱7,569

-41.22%

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

$33.02 ISK 4,005

$14.00 ₱882

135.86%

Internet (50+ Mbps, Unlimited Data)

$87.0 ISK 10.6K

$27.54 ₱1,734

215.98%

Gym Membership (Monthly)

$64.9 ISK 7,870

$32.33 ₱2,035

100.68%

Tennis Court (1 Hour on Weekend)

$6.65 ₱419

Cinema Ticket

$17.05 ISK 2,068

$5.65 ₱356

201.77%

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

$1,196 ISK 145.1K

$275 ₱17.3K

334.38%

International Primary School, 1 Child (Yearly)

$25.8K ISK 3.1M

$7,918 ₱498.5K

225.54%

Jeans (Levis 501 Or Similar)

$124 ISK 15.0K

$49.33 ₱3,106

150.66%

Summer Dress (H&M, Zara, etc)

$65.8 ISK 7,980

$25.24 ₱1,589

160.66%

Sport Shoes (Adidas, Nike)

$125 ISK 15.2K

$77.0 ₱4,846

62.50%

Men's Leather Business Shoes

$252 ISK 30.6K

$57.2 ₱3,601

341.17%

1-bedroom Apartment, City Center (Monthly)

$2,498 ISK 302.9K

$500 ₱31.5K

400.02%

1-bedroom Apartment, Outside City Center (Monthly)

$2,087 ISK 253.1K

$309 ₱19.4K

575.72%

3-bedroom Apartment, City Center (Monthly)

$3,226 ISK 391.3K

$1,078 ₱67.9K

199.32%

3-bedroom Apartment, Outside City Center (Monthly)

$2,607 ISK 316.2K

$615 ₱38.7K

323.73%

Buy Apartment in City Center (m2)

$7,085 ISK 859.4K

$2,886 ₱181.7K

145.50%

Buy Apartment Outside City Center (m2)

$6,990 ISK 847.8K

$1,917 ₱120.7K

264.72%

Average Monthly Net Salary (After Tax)

$4,751 ISK 576.2K

$346 ₱21.8K

1273.28%

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 Hafnarfjordur: October 12, 2026

Last update for Cebu: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Hafnarfjordur

$2.1K 53.8%

Cebu

$309 33.6% 85.2% $1.8K

Groceries & Markets

Hafnarfjordur

$619 16%

Cebu

$206 22.4% 66.7% $413

Eating Out

Hafnarfjordur

$500 12.9%

Cebu

$88 9.6% 82.4% $412

Clothing & Footwear

Hafnarfjordur

$255 6.6%

Cebu

$94 10.2% 63.2% $161

Monthly Utilities & Internet

Hafnarfjordur

$191 4.9%

Cebu

$162 17.6% 15.2% $29

Getting Around

Hafnarfjordur

$127 3.3%

Cebu

$16 1.7% 87.7% $111

Sport & Entertainment

Hafnarfjordur

$99 2.6%

Cebu

$44 4.8% 55.9% $55

Cost Breakdown

A one-bedroom apartment in the center runs $2,498 in Hafnarfjordur and $500 in Cebu. Housing cost is often the main lever when comparing two cities.

Hafnarfjordur pays 1273% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $124 in Hafnarfjordur vs $24.00 in Cebu for a mid-range dinner for two. Groceries echo the gap at $619 vs $206 per month, with Cebu cheaper across the board.

Good to know

🇮🇸 Hafnarfjordur

🇵🇭 Cebu

🕒 Local time

05:23 5:23 AM

13:23 1:23 PM

8 h ahead of Hafnarfjordur

🌤 Weather

👥 Population

31,525

964,169

💱 Currency

Icelandic Króna ISK kr

Philippine Peso PHP ₱

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

100 PHP = 1.59 USD

100 PHP = 1.41 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 19, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Philippine Peso exchange rates as of October 19, 2026: 1 USD = 62.96 PHP (100 PHP = 1.59 USD). 1 EUR = 70.78 PHP (100 PHP = 1.41 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Hafnarfjordur Cebu 11,260 km ≈ 15 h nonstop flight

From you

Hafnarfjordur
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

Hafnarfjordur vs Cebu: Cost of Living - Frequently Asked Questions

Cebu is cheaper overall, especially in groceries, eating out, and clothing. The 322% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 1273% higher in Hafnarfjordur, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $2,498 in Hafnarfjordur versus $500 in Cebu. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $3,877 per month in Hafnarfjordur versus $918 in Cebu – a 322% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Cebu runs roughly 576% less than in Hafnarfjordur. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $918 in Cebu versus $3,877 in Hafnarfjordur, a $1,500 budget is realistic in Cebu but tight or insufficient in Hafnarfjordur. 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 Hafnarfjordur, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Hafnarfjordur 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 322% less than in Hafnarfjordur. Beyond cost, consider language, visa policies, and how big the international community is in each city.