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Cost Of Living Philippines
Philippines is a developing nation, and as such the cost of living is quite nominal and reasonable. Those who are seeking a place with a low cost of living will find Philippines to be right. When compared to developed countries such as the US and the UK, the cost of living is considerably low and hence, there is more opportunity for expatriates to save money from earning. |
Philippines is a member of the IMF, the APEC and other financial institutions. There is increasing invitation to foreign business to invest in the country. This has led to more employment opportunities and higher earning potential.
The cost of food, groceries and clothes is also very minimal. If you are someone who spends cautiously, you will find your monthly expense to be minimal, even with a fairly good accommodation and nominal spending on personal requirements and food. However, it is to be borne in mind that when you live in a city. For example, in the center of Manila, the cost of living is more compared to the cost when you live in the outskirts.
Rental rates are quite nominal. A normal, spacious apartment costs about 200 to 300 Euros, while smaller apartment will cost even lesser at 100 Euros. The cost of transport is quite cheap. Going around Manila city through bus, will just take some 5 to 10 Euros. Communication costs through telephone are also low. The Philippine Long Distance Telephone Company administers phone call communication and an average monthly phone bill can be something between P700 and P1000.
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