The Philippines is a popular destination for expatriates, retirees, and remote workers due to its affordable cost of living, beautiful landscapes, and friendly locals. Understanding the monthly cost of living is crucial for planning a move to the Philippines. This comprehensive guide covers typical expenses you can expect.
1. Accommodation
Metro Manila
City Center: Rent for a one-bedroom apartment ranges from PHP 20,000 to PHP 35,000 (approximately USD 400 to USD 700) per month. These apartments are often located in high-rise buildings with amenities like swimming pools, gyms, and 24-hour security. The proximity to business districts, malls, and entertainment hubs adds to the convenience but also to the cost.
Outside City Center: Rent ranges from PHP 10,000 to PHP 20,000 (approximately USD 200 to USD 400) per month. These areas offer a quieter environment and more space but might require longer commutes to the city center. Suburbs like Quezon City and Pasig are popular among expats for their balance of cost and accessibility.
Other Cities (e.g., Cebu, Davao):
City Center: Rent for a one-bedroom apartment is around PHP 15,000 to PHP 25,000 (approximately USD 300 to USD 500) per month. Cebu and Davao are known for their modern amenities, lower congestion compared to Manila, and access to natural attractions like beaches and mountains.
Outside City Center: Rent ranges from PHP 7,000 to PHP 15,000 (approximately USD 140 to USD 300) per month. Living further from the center in these cities offers a more laid-back lifestyle with local markets and community spaces.
2. Utilities
Electricity, Heating, Cooling, Water, Garbage: The average cost is around PHP 5,000 to PHP 7,000 (approximately USD 100 to USD 140) per month for a standard apartment. Air conditioning can significantly impact electricity costs, especially during the hot and humid months. Water and garbage disposal are relatively inexpensive, with combined costs typically under PHP 1,000 (USD 20).
Internet: High-speed internet costs about PHP 1,500 to PHP 2,500 (approximately USD 30 to USD 50) per month. Providers like PLDT, Globe, and Converge offer various plans with different speeds and data caps.
3. Food
Groceries:
Monthly groceries for one person can cost around PHP 8,000 to PHP 12,000 (approximately USD 160 to USD 240). Shopping at local markets (palengkes) can save money, especially for fresh produce, while supermarkets like SM, Robinsons, and Rustan’s offer a wider range of imported goods at higher prices.
Eating Out:
A meal at an inexpensive restaurant costs around PHP 150 to PHP 300 (approximately USD 3 to USD 6). Street food and local eateries (carinderias) offer meals for as little as PHP 50 (USD 1).
A three-course meal for two at a mid-range restaurant costs about PHP 1,200 to PHP 2,500 (approximately USD 24 to USD 50). Popular dining spots include Japanese, Korean, and Western cuisine restaurants, especially in urban areas.
4. Transportation
Public Transport: A monthly pass for public transportation costs around PHP 1,000 to PHP 2,000 (approximately USD 20 to USD 40). This includes buses, jeepneys, and MRT/LRT trains. Public transportation is generally affordable but can be crowded during peak hours.
Taxis: The starting fare is around PHP 40 (approximately USD 0.80), with each kilometer costing around PHP 13 (approximately USD 0.26). Ride-hailing services like Grab are widely used and provide a safer and more convenient option than traditional taxis.
5. Entertainment and Leisure
Gym Membership: Monthly membership fees range from PHP 1,500 to PHP 3,000 (approximately USD 30 to USD 60). Premium gyms like Gold’s Gym and Anytime Fitness offer extensive facilities, while local gyms provide basic amenities at lower costs.
Cinema: A ticket costs about PHP 300 to PHP 400 (approximately USD 6 to USD 8). Modern cinemas in malls feature the latest movies and comfortable seating, with some offering VIP experiences for an additional cost.
6. Healthcare
Insurance: Private health insurance can cost around PHP 3,000 to PHP 10,000 (approximately USD 60 to USD 200) per month, depending on the coverage and provider. Hospitals in major cities offer high-quality medical care, and insurance can help offset the cost of treatments and consultations.
7. Miscellaneous Expenses
Mobile Phone Plans:
Costs around PHP 500 to PHP 1,500 (approximately USD 10 to USD 30) per month, depending on usage and plan. Prepaid plans are common and allow for flexible budgeting.
Household Help:
Many expats hire household help, which can cost around PHP 10,000 to PHP 15,000 (approximately USD 200 to USD 300) per month for full-time help. This includes tasks like cleaning, cooking, and childcare.
Estimated Total Monthly Cost
Single Person:
The total monthly cost for a single person can range from PHP 40,000 to PHP 60,000 (approximately USD 800 to USD 1,200). This includes rent, utilities, food, transportation, and entertainment.
Couple:
The total monthly cost for a couple can range from PHP 70,000 to PHP 100,000 (approximately USD 1,400 to USD 2,000). Living together allows for shared costs in rent and utilities, reducing overall expenses.
Conclusion
The Philippines offers a relatively low cost of living compared to many Western countries, making it an attractive option for expats and retirees. By understanding the typical expenses, you can better plan your budget and enjoy a comfortable lifestyle in this beautiful country. Whether you prefer the bustling city life in Manila or the more relaxed pace of Cebu and other provinces, the Philippines has something to offer for everyone.
These estimates provide a general idea of the monthly cost of living in the Philippines. However, actual expenses can vary based on individual lifestyle choices and specific locations.