The cost of living in the Philippines varies greatly based on the lifestyle one opts for, as in any other location. But you can live well on a budget. If you live like the locals, shop where they shop, and eat where they eat. You can live on a budget of over $460.86 monthly, even close to some big cities and famous beaches.
Of course, the bigger the budget, the more luxurious the lifestyle. A couple can live like royalty anywhere in the Philippines for $1,590.29 monthly. With that payment, you can maintain the finer things in life: massage, maid, state club participation, and travel.
Cost of living
Since the lease will be your serious liability, it’s vital to take the time to find the right property. The best and cheapest way to find a place is not through a real estate agent. But through word of mouth. If city life is your thing, then you might consider Cebu City, one of the largest cities in the Philippines. With all the shops, restaurants, and bars you could want. As a bonus, the beach is only a 30-minute drive away. Rents are higher in the city. But you can get a furnished one-bedroom apartment with city and ocean views for less than $322.95.
Moving just beyond the city limits can decrease costs. A three-bedroom townhouse in Banilad, a trendy neighborhood about 4 miles from downtown Cebu, can cost $848.62 monthly. In Liloan, about 10 miles from the city, you can rent a house for $257.16 monthly.
For $514.32 per month, you can enjoy the value of your money with a spacious three-bedroom waterfront home near luxurious amenities. This includes access to a swimming pool and a garage.
Where to Stay
No matter where you decide to live in the Philippines, you don’t have to buy a vehicle. Unless, of course, you want to. We know the Philippines for its lavish public transportation options. They are so cheap that many people forgo big purchases. Local tuk-tuks or motorbikes will cost a nominal fee, while a lengthy journey in a jeepney will not come cheap. You can purchase a new scooter for $1198.36 or a used motorcycle for approximately $600.04, depending on your preference for spending money.
For food, your costs will depend on whether you buy brands imported from your home country. Or switch to cheaper local brands. The most cost-effective way to shop is at your local daily market. It is stocked with fruits, vegetables, meat, and seafood. Not only is it the cheapest option, but it’s also the freshest. Chances are that delicious and juicy pineapple was grown on a local farm. A dozen eggs cost $1.78, a kilo of beef $5.47, and two pounds of tomatoes were $1.46. And a loaf of bread costs the same.
Find Hotels Accommodation
Eating out won’t break the bank either. You’ll spend less on a meal at a local restaurant than on a five-minute taxi ride in the US.
- A roast meat, rice, and beer are priced at $5.80.
- A cappuccino is approximately $2.61.
- A three-course meal for two comes to $14.28.
The dollar stretches farther here, leaving more room in any budget for fun adventures and a little extravagance, like retirement.
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Hotels Accommodation
The Philippines offers various hotels and accommodations to suit different budgets and preferences. Here are some popular options:
Luxury hotels: For those seeking luxury, the Philippines has a range of 5-star hotels. The Edsa Shangri-La, Manila, Crimson Resort and Spa in Mactan Island, Cebu, and Amanpulo in Palawan. Property Short Video
Boutique hotels: If you’re looking for something more intimate and unique, there are many boutique hotels in the Philippines. Examples include The Henry Hotel in Manila, Azumi Boutique Hotel in Alabang, Manila, and The Lind Boracay in Boracay Island. Property Short Video
Affordable Accommodations: If you are looking to save money, there are numerous guesthouses, hostels, and budget hotels available all over the country. Examples include Lub d Philippines Makati in Manila, Z Hostel in Makati, and Dormitels.ph in Cebu City. Property Short Video
Beach resorts: I knew the Philippines for its beautiful beaches, and many beach resorts throughout the country. Examples include El Nido Resorts in Palawan and The Bellevue Resort in Bohol. And the Henann Regency Resort and Spa in Boracay Island. Property Short Video
No matter your budget or preferences, suitable accommodation can be found in the Philippines.
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