Cost of Living Comparison Between Philippines and Iceland 
| Indices Difference |  |
|---|---|
| Consumer Prices in Iceland are 160.6% higher than in Philippines (without rent) | |
| Consumer Prices Including Rent in Iceland are 207.6% higher than in Philippines | |
| Rent Prices in Iceland are 426.4% higher than in Philippines | |
| Restaurant Prices in Iceland are 400.1% higher than in Philippines | |
| Groceries Prices in Iceland are 149.7% higher than in Philippines | |
| Local Purchasing Power in Iceland is 257.0% higher than in Philippines | |
Restaurants | Philippines Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
200.00 ₱ (490.29 kr) |
1,223.76 ₱ (3,000.00 kr) |
+511.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,200.00 ₱ (2,941.76 kr) |
6,718.75 ₱ (16,470.80 kr) |
+459.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
200.00 ₱ (490.29 kr) |
937.81 ₱ (2,299.00 kr) |
+368.9 % |
| Domestic Beer (1 pint draught) |
70.00 ₱ (171.60 kr) |
571.09 ₱ (1,400.00 kr) |
+715.8 % |
| Imported Beer (12 oz small bottle) |
120.00 ₱ (294.18 kr) |
489.50 ₱ (1,200.00 kr) |
+307.9 % |
| Cappuccino (regular) |
135.48 ₱ (332.13 kr) |
276.21 ₱ (677.12 kr) |
+103.9 % |
| Coke/Pepsi (12 oz small bottle) |
41.69 ₱ (102.20 kr) |
160.04 ₱ (392.33 kr) |
+283.9 % |
| Water (12 oz small bottle) |
22.33 ₱ (54.73 kr) |
118.65 ₱ (290.86 kr) |
+431.4 % |
Markets | Philippines Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
370.31 ₱ (907.80 kr) |
346.46 ₱ (849.34 kr) |
-6.4 % |
| Loaf of Fresh White Bread (1 lb) |
61.83 ₱ (151.56 kr) |
177.18 ₱ (434.35 kr) |
+186.6 % |
| Rice (white), (1 lb) |
23.57 ₱ (57.78 kr) |
80.58 ₱ (197.55 kr) |
+241.9 % |
| Eggs (regular) (12) |
114.70 ₱ (281.18 kr) |
326.34 ₱ (800.01 kr) |
+184.5 % |
| Local Cheese (1 lb) |
184.29 ₱ (451.78 kr) |
376.41 ₱ (922.77 kr) |
+104.3 % |
| Chicken Fillets (1 lb) |
107.80 ₱ (264.28 kr) |
479.51 ₱ (1,175.50 kr) |
+344.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
175.74 ₱ (430.83 kr) |
801.90 ₱ (1,965.84 kr) |
+356.3 % |
| Apples (1 lb) |
71.32 ₱ (174.85 kr) |
78.31 ₱ (191.96 kr) |
+9.8 % |
| Banana (1 lb) |
37.61 ₱ (92.20 kr) |
56.18 ₱ (137.73 kr) |
+49.4 % |
| Oranges (1 lb) |
67.53 ₱ (165.55 kr) |
68.34 ₱ (167.55 kr) |
+1.2 % |
| Tomato (1 lb) |
40.02 ₱ (98.11 kr) |
120.91 ₱ (296.41 kr) |
+202.1 % |
| Potato (1 lb) |
51.52 ₱ (126.29 kr) |
78.65 ₱ (192.81 kr) |
+52.7 % |
| Onion (1 lb) |
64.54 ₱ (158.22 kr) |
45.76 ₱ (112.18 kr) |
-29.1 % |
| Lettuce (1 head) |
77.29 ₱ (189.48 kr) |
174.78 ₱ (428.48 kr) |
+126.1 % |
| Water (1.5 liter bottle) |
40.49 ₱ (99.27 kr) |
116.29 ₱ (285.08 kr) |
+187.2 % |
| Bottle of Wine (Mid-Range) |
380.00 ₱ (931.56 kr) |
1,142.17 ₱ (2,800.00 kr) |
+200.6 % |
| Domestic Beer (0.5 liter bottle) |
65.50 ₱ (160.58 kr) |
176.99 ₱ (433.88 kr) |
+170.2 % |
| Imported Beer (12 oz small bottle) |
102.29 ₱ (250.77 kr) |
150.76 ₱ (369.58 kr) |
+47.4 % |
| Cigarettes 20 Pack (Marlboro) |
150.00 ₱ (367.72 kr) |
652.67 ₱ (1,600.00 kr) |
+335.1 % |
Transportation | Philippines Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
15.00 ₱ (36.77 kr) |
232.51 ₱ (570.00 kr) |
+1,450.1 % |
| Monthly Pass (Regular Price) |
600.00 ₱ (1,470.88 kr) |
3,793.65 ₱ (9,300.00 kr) |
+532.3 % |
| Taxi Start (Normal Tariff) |
40.00 ₱ (98.06 kr) |
297.78 ₱ (730.00 kr) |
+644.5 % |
| Taxi 1 mile (Normal Tariff) |
22.53 ₱ (55.23 kr) |
212.70 ₱ (521.43 kr) |
+844.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
150.00 ₱ (367.72 kr) |
3,818.12 ₱ (9,360.00 kr) |
+2,445.4 % |
| Gasoline (1 gallon) |
255.31 ₱ (625.88 kr) |
479.91 ₱ (1,176.48 kr) |
+88.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
1,300,000.00 ₱ (3,186,907.23 kr) |
2,119,139.19 ₱ (5,195,000.00 kr) |
+63.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
1,156,570.46 ₱ (2,835,294.44 kr) |
2,388,627.96 ₱ (5,855,642.86 kr) |
+106.5 % |
Utilities (Monthly) | Philippines Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
5,908.10 ₱ (14,483.50 kr) |
6,030.95 ₱ (14,784.69 kr) |
+2.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
2,136.33 ₱ (5,237.13 kr) |
1,354.51 ₱ (3,320.53 kr) |
-36.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
1,734.50 ₱ (4,252.07 kr) |
4,026.92 ₱ (9,871.87 kr) |
+132.2 % |
Sports And Leisure | Philippines Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
1,803.88 ₱ (4,422.16 kr) |
3,616.26 ₱ (8,865.14 kr) |
+100.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
295.88 ₱ (725.33 kr) |
1,732.98 ₱ (4,248.33 kr) |
+485.7 % |
| Cinema, International Release, 1 Seat |
300.00 ₱ (735.44 kr) |
815.84 ₱ (2,000.00 kr) |
+171.9 % |
Childcare | Philippines Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
8,392.61 ₱ (20,574.21 kr) |
15,312.69 ₱ (37,538.56 kr) |
+82.5 % |
| International Primary School, Yearly for 1 Child |
298,663.57 ₱ (732,163.91 kr) |
316,647.12 ₱ (776,250.00 kr) |
+6.0 % |
Clothing And Shoes | Philippines Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
2,305.21 ₱ (5,651.15 kr) |
6,613.90 ₱ (16,213.77 kr) |
+186.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
1,358.08 ₱ (3,329.28 kr) |
2,893.65 ₱ (7,093.68 kr) |
+113.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
3,941.57 ₱ (9,662.63 kr) |
8,563.67 ₱ (20,993.55 kr) |
+117.3 % |
| 1 Pair of Men Leather Business Shoes |
3,602.97 ₱ (8,832.57 kr) |
10,139.94 ₱ (24,857.73 kr) |
+181.4 % |
Rent Per Month | Philippines Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
17,573.14 ₱ (43,079.97 kr) |
99,024.33 ₱ (242,754.89 kr) |
+463.5 % |
| Apartment (1 bedroom) Outside of Centre |
9,758.33 ₱ (23,922.23 kr) |
88,138.21 ₱ (216,067.91 kr) |
+803.2 % |
| Apartment (3 bedrooms) in City Centre |
38,116.24 ₱ (93,440.70 kr) |
139,130.23 ₱ (341,073.17 kr) |
+265.0 % |
| Apartment (3 bedrooms) Outside of Centre |
20,490.48 ₱ (50,231.74 kr) |
126,046.97 ₱ (309,000.00 kr) |
+515.1 % |
Buy Apartment Price | Philippines Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
13,975.20 ₱ (34,259.73 kr) |
30,402.22 ₱ (74,530.04 kr) |
+117.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
7,269.50 ₱ (17,820.94 kr) |
24,780.82 ₱ (60,749.37 kr) |
+240.9 % |
Salaries And Financing | Philippines Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
21,520.08 ₱ (52,755.77 kr) |
236,327.83 ₱ (579,349.91 kr) |
+998.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.25 | 7.37 | +1.7 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 598 | 196 |
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