Iceland vs. Philippines Cost of Living Summary

Iceland is 3.5 times more expensive than Philippines overall.

Restaurants
pay 4.9 times more in Iceland
Groceries
pay 93.9% more in Iceland
Transportation
pay 4.5 times more in Iceland
Housing
pay 5.1 times more in Iceland
Childcare
pay 34.8% more in Iceland
Entertainment and Sports
pay 3.8 times more in Iceland
Clothing
pay 2.8 times more in Iceland

The cost of housing, restaurants, transportation, entertainment and sports, clothing, and groceries in Iceland are more expensive than in Philippines. Notably, housing, restaurants, and transportation are significantly more expensive in Iceland.

Iceland vs. Philippines Cost Breakdown

If you lived in Iceland instead of Philippines, you would:

pay 4.9 times more for restaurants

 
Philippines
Iceland
Basic meal with drink at inexpensive restaurant $3.60
₱201.06
$19.40
ISK2,451
Fast food combo meal
McDonalds, or similar
$3.18
₱177.57
$16.94
ISK2,141
Bottle of Coca-Cola (11 fl. oz) $0.73
₱40.80
$2.81
ISK355

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pay 93.9% more for groceries

 
Philippines
Iceland
Bread
1 loaf
$1.17
₱65.27
$2.95
ISK373
Local cheese (8 oz) $3.38
₱188.74
$7.27
ISK918
Milk (1 gallon) $6.61
₱369.85
$6.01
ISK759

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pay 4.5 times more for transportation

 
Philippines
Iceland
Gasoline (1 gallon) $4.22
₱236.14
$8.36
ISK1,057
Monthly public transit pass $11.49
₱642.52
$71.28
ISK9,008
New Volkswagen Golf 1.4 (standard edition) $26,375.77
₱1,474,708.70
$40,660.66
ISK5,138,288

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pay 5.1 times more for housing

 
Philippines
Iceland
Internet connection
50 mbps or faster, cable/dsl
$29.28
₱1,637.25
$72.17
ISK9,121
1-Bedroom apartment in downtown area $242.58
₱13,563.27
$1,838.04
ISK232,273
1-Bedroom apartment outside city center $157.31
₱8,795.61
$1,497.77
ISK189,273

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pay 34.8% more for childcare

 
Philippines
Iceland
Private preschool for 1 child, monthly $165.07
₱9,229.55
$258.16
ISK32,624
Middle school for 1 child, two semesters $5,295.45
₱296,076.33
$5,993.99
ISK757,461

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pay 3.8 times more for entertainment and sports

 
Philippines
Iceland
Domestic/local beer (1 pint) $1.23
₱68.80
$9.19
ISK1,161
Cappuccino in mid-range area $2.19
₱122.30
$4.65
ISK587
Pack of cigarettes
Marlboro or similar
$2.57
₱143.43
$11.76
ISK1,486

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pay 2.8 times more for clothing

 
Philippines
Iceland
Regular jeans
Levi's brand
$35.44
₱1,981.40
$111.23
ISK14,056
Regular dress
from H&M or similar store
$22.98
₱1,284.91
$59.69
ISK7,543
Running shoes
Nike or Adidas
$64.92
₱3,629.50
$148.00
ISK18,703

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025
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