Cost of Living Comparison Between Iceland and Philippines 
| Indices Difference |  |
|---|---|
| Consumer Prices in Philippines are 61.7% lower than in Iceland (without rent) | |
| Consumer Prices Including Rent in Philippines are 67.6% lower than in Iceland | |
| Rent Prices in Philippines are 81.0% lower than in Iceland | |
| Restaurant Prices in Philippines are 80.0% lower than in Iceland | |
| Groceries Prices in Philippines are 59.9% lower than in Iceland | |
| Local Purchasing Power in Philippines is 72.0% lower than in Iceland | |
Restaurants | Iceland Edit |
Philippines Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (1,224.47 ₱) |
490.01 kr (200.00 ₱) |
-83.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,455.80 kr (6,716.54 ₱) |
2,940.05 kr (1,200.00 ₱) |
-82.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.00 kr (938.35 ₱) |
490.01 kr (200.00 ₱) |
-78.7 % |
| Domestic Beer (1 pint draught) |
1,400.00 kr (571.42 ₱) |
171.50 kr (70.00 ₱) |
-87.7 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (489.79 ₱) |
294.00 kr (120.00 ₱) |
-75.5 % |
| Cappuccino (regular) |
676.98 kr (276.31 ₱) |
332.33 kr (135.64 ₱) |
-50.9 % |
| Coke/Pepsi (12 oz small bottle) |
392.20 kr (160.08 ₱) |
101.92 kr (41.60 ₱) |
-74.0 % |
| Water (12 oz small bottle) |
290.84 kr (118.71 ₱) |
54.67 kr (22.31 ₱) |
-81.2 % |
Markets | Iceland Edit |
Philippines Edit | |
| Milk (regular), (1 gallon) |
842.21 kr (343.75 ₱) |
907.79 kr (370.52 ₱) |
+7.8 % |
| Loaf of Fresh White Bread (1 lb) |
436.03 kr (177.97 ₱) |
151.22 kr (61.72 ₱) |
-65.3 % |
| Rice (white), (1 lb) |
198.53 kr (81.03 ₱) |
57.89 kr (23.63 ₱) |
-70.8 % |
| Eggs (regular) (12) |
795.73 kr (324.78 ₱) |
281.89 kr (115.06 ₱) |
-64.6 % |
| Local Cheese (1 lb) |
916.39 kr (374.03 ₱) |
448.86 kr (183.21 ₱) |
-51.0 % |
| Chicken Fillets (1 lb) |
1,164.19 kr (475.17 ₱) |
264.58 kr (107.99 ₱) |
-77.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,944.92 kr (793.83 ₱) |
431.01 kr (175.92 ₱) |
-77.8 % |
| Apples (1 lb) |
197.06 kr (80.43 ₱) |
173.42 kr (70.78 ₱) |
-12.0 % |
| Banana (1 lb) |
138.38 kr (56.48 ₱) |
92.25 kr (37.65 ₱) |
-33.3 % |
| Oranges (1 lb) |
171.27 kr (69.90 ₱) |
164.94 kr (67.32 ₱) |
-3.7 % |
| Tomato (1 lb) |
292.63 kr (119.44 ₱) |
98.44 kr (40.18 ₱) |
-66.4 % |
| Potato (1 lb) |
192.81 kr (78.70 ₱) |
126.53 kr (51.64 ₱) |
-34.4 % |
| Onion (1 lb) |
120.42 kr (49.15 ₱) |
158.46 kr (64.68 ₱) |
+31.6 % |
| Lettuce (1 head) |
434.00 kr (177.14 ₱) |
188.97 kr (77.13 ₱) |
-56.5 % |
| Water (1.5 liter bottle) |
293.73 kr (119.89 ₱) |
99.20 kr (40.49 ₱) |
-66.2 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (1,122.43 ₱) |
937.14 kr (382.50 ₱) |
-65.9 % |
| Domestic Beer (0.5 liter bottle) |
439.70 kr (179.47 ₱) |
160.48 kr (65.50 ₱) |
-63.5 % |
| Imported Beer (12 oz small bottle) |
369.58 kr (150.85 ₱) |
250.61 kr (102.29 ₱) |
-32.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (653.05 ₱) |
367.51 kr (150.00 ₱) |
-77.0 % |
Transportation | Iceland Edit |
Philippines Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (232.65 ₱) |
36.75 kr (15.00 ₱) |
-93.6 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (3,795.86 ₱) |
1,470.02 kr (600.00 ₱) |
-84.2 % |
| Taxi Start (Normal Tariff) |
730.00 kr (297.95 ₱) |
98.00 kr (40.00 ₱) |
-86.6 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (212.82 ₱) |
55.20 kr (22.53 ₱) |
-89.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (3,820.35 ₱) |
367.51 kr (150.00 ₱) |
-96.1 % |
| Gasoline (1 gallon) |
1,176.48 kr (480.19 ₱) |
625.57 kr (255.33 ₱) |
-46.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,195,000.00 kr (2,120,373.14 ₱) |
3,185,052.60 kr (1,300,000.00 ₱) |
-38.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,855,642.86 kr (2,390,018.84 ₱) |
2,833,582.27 kr (1,156,545.09 ₱) |
-51.6 % |
Utilities (Monthly) | Iceland Edit |
Philippines Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,781.13 kr (6,033.01 ₱) |
14,373.37 kr (5,866.58 ₱) |
-2.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (1,355.29 ₱) |
5,147.34 kr (2,100.92 ₱) |
+55.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,870.17 kr (4,028.58 ₱) |
4,274.07 kr (1,744.49 ₱) |
-56.7 % |
Sports And Leisure | Iceland Edit |
Philippines Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,865.14 kr (3,618.36 ₱) |
4,431.15 kr (1,808.60 ₱) |
-50.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (1,733.98 ₱) |
724.92 kr (295.88 ₱) |
-82.9 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (816.31 ₱) |
735.01 kr (300.00 ₱) |
-63.2 % |
Childcare | Iceland Edit |
Philippines Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
37,538.56 kr (15,321.61 ₱) |
20,382.82 kr (8,319.38 ₱) |
-45.7 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (316,831.50 ₱) |
723,025.47 kr (295,107.56 ₱) |
-6.9 % |
Clothing And Shoes | Iceland Edit |
Philippines Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,213.77 kr (6,617.76 ₱) |
5,575.89 kr (2,275.84 ₱) |
-65.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,093.68 kr (2,895.33 ₱) |
3,302.78 kr (1,348.05 ₱) |
-53.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
20,993.55 kr (8,568.65 ₱) |
9,610.17 kr (3,922.45 ₱) |
-54.2 % |
| 1 Pair of Men Leather Business Shoes |
24,857.73 kr (10,145.84 ₱) |
8,823.54 kr (3,601.38 ₱) |
-64.5 % |
Rent Per Month | Iceland Edit |
Philippines Edit | |
| Apartment (1 bedroom) in City Centre |
242,746.31 kr (99,078.49 ₱) |
42,995.94 kr (17,549.07 ₱) |
-82.3 % |
| Apartment (1 bedroom) Outside of Centre |
216,076.93 kr (88,193.21 ₱) |
23,962.69 kr (9,780.53 ₱) |
-88.9 % |
| Apartment (3 bedrooms) in City Centre |
341,073.17 kr (139,211.24 ₱) |
93,474.76 kr (38,152.33 ₱) |
-72.6 % |
| Apartment (3 bedrooms) Outside of Centre |
309,000.00 kr (126,120.37 ₱) |
49,962.32 kr (20,392.45 ₱) |
-83.8 % |
Buy Apartment Price | Iceland Edit |
Philippines Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
74,530.04 kr (30,419.92 ₱) |
33,877.96 kr (13,827.51 ₱) |
-54.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,745.50 kr (24,793.67 ₱) |
17,610.09 kr (7,187.67 ₱) |
-71.0 % |
Salaries And Financing | Iceland Edit |
Philippines Edit | |
| Average Monthly Net Salary (After Tax) |
579,333.72 kr (236,458.84 ₱) |
52,611.06 kr (21,473.55 ₱) |
-90.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.37 | 7.25 | -1.7 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 197 | 606 |
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