Cost of Living

    Cost of Living in Manila 【2023】 – DATAROMA

    KatherineBy Updated:No Comments3 Mins Read
    cost of living in manila

    The total average cost of living in Manila is 49.11% lower than in a major city in the US and 46.98% lower than in Canada. If you’re a single person living in Manila, then a 1 bedroom apartment in the inner-city should cost you around 32,524.05 ₱ while the basic utilities cost 5,838.38 ₱, which is a lot if compared to the average net salary in Manila, which is 22,750.00 ₱! This means that if you’re living and working in Manila, you can not afford an apartment in the city. 

    Cost of Living in Manila Detailed Chart:

    Clothing And Shoes
    		 Price Range
    Pair of Jeans 2,437.50 ₱ 1,000.00–4,000.00
    Summer Dress 1,502.78 ₱ 800.00–2,500.00
    Pair of Nike Running Shoes 4,100.00 ₱ 3,000.00–5,500.00
    Pair of Men’s Leather Shoes 3,491.18 ₱ 1,500.00–6,000.00
     Rent Per Month Price
    Apartment (1 bedroom) in the middle of the city 32,524.05 ₱ 18,000.00–60,000.00
    Apartment (1 bedroom) Outer parts 17,200.00 ₱ 10,000.00–30,000.00
    Apartment (3 bedrooms) in the central city area 103,125.00 ₱ 60,000.00–180,000.00
    Apartment (3 bedrooms) Outskirts of the city 47,333.33 ₱ 25,000.00–90,000.00
    Buy Apartment Price
    		 Price
    Price / Square Meter 206,281.86 ₱ 164,818.61–300,000.00
    Price / Square Meter 141,868.73 ₱ 100,000.00–180,000.00
     Salaries And Financing Price
    Average Monthly Salary 22,750.00 ₱
    Mortgage Interest Rate (%), Yearly, Fixed-Rate 8.06 6.60–9.50

    We use a basic comparative model to calculate the cost of living in Manila. The listed prices are an average estimate of what it will cost to live in Manila determined by your average daily and monthly spending.

    If you break it down to day to day expenses, a meal at an inexpensive restaurant would cost you 200.00 ₱ but if you want to buy your own groceries, which would include just the basics like milk, cheese, egg, chicken, rice bread, and vegetable, it would cost you around 1,140.82₱. Any luxury items would just add to the total bill. So if you are someone who’s good in the kitchen, you can definitely control your spending. Further costs will incur once you also include your daily transport; a one-way bus ticket costs around 27.50 ₱ while 1liter gas is 57.20 ₱.

    Overview of living in Manila:

    In general terms of the total cost of living, Manila is a pretty expensive city to reside in. Especially if rent is compared to the average monthly salary, which is not close enough to rent a decent apartment. However, if compared to other major first-world countries, the price of monthly living in Manila is lower, because of the higher purchasing of those countries.

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