Cost Of Living In The Philippines In 2017 : 6 Things You Need To Know
The Philippines is a stunning place to find yourself. If you visit on vacation and think “this is the life,” then perhaps you might do well with living there. But before you pack your bags for good, you should calculate your cost of living in the Philippines to see if it’s the right move for you.
Here are 6 things you need to know about the cost of living in the Philippines before you go.
1- Housing and lodging
Like any place in the world, location is everything. You’ll find there are some crime-ridden neighborhoods here so assuming you avoid those and find a place to call home, the cost of living in the Philippines depends on how much you want to spend and how you want to live. If you’re young and looking to make friends, finding a place to stay in a hostel can run you anywhere from $7 to $20 per night. Luxury accommodations can run you $250 per night or more, so if you want to call the Philippines home, finding an apartment is your best bet for your budget. You can find a nice one-bedroom apartment for around $600 per month, which is much lower than the cost of similar places in America.
2- Food and drink
Food and drink is pretty cheap in the Philippines, though if you eat out all the time, it really adds up. Grabbing street food can run you $2 to $3, which seems insignificant, but if you’ve got a budget to stick to, you’ll run out of money for food before the end of the month. Still, even if you splurge on a lot of groceries and cook in your new apartment, you’ll spend roughly $300 per month on the top end. Conservatively, you can get away with $120 per month and have plenty to eat and drink.
You can really stretch your entertainment budget in the Philippines. Thanks to it being somewhat expensive to get to, mass tourism hasn’t inflated prices here. So you’ll be able to go to the movies for about $4 per ticket, drink a local beer for less than $1, and even enjoy dancing the night away at clubs without skimping on drinks because they’ll run you between $3 and $5. You can’t go out for that cheap in the states! Plus, water sports are easily accessible and decently priced so you’ll be able to do and explore so much more here.
Compared to the states, smartphones and data plans seem much cheaper. However, when you stack them up against other Asian countries, it costs more. Still, you need coverage so you can expect to pay about $10 per month with a basic plan. For a 5 GB plan, it will run about $21 per month. Still significantly cheaper than what you’re likely paying now. But fear not. Because English is well-spoken in the Philippines, it’s easy to set up your service and discuss the proper options for your needs. If you’re a heavy data user, you’ll want to be sure you get a plan that covers you well or else you’ll be hit with a large bill.
You can easily get around the big cities of the Philippines through public transport. Buses and taxis are easy to get and the people are friendly and kind so it’s not as stressful as in other countries. In Manila, there’s the LRT rail too. Take the local Jeepney or even rent a scooter to get yourself around with ease. The Jeepney and the LRT are under $1 each, while the express bus will cost you $1. And for a whole day of scooter rental, it will run you about $5. What a deal!
6- Other costs
Don’t forget that you’ll need to pay for utilities. It’s hot in the Philippines so your electric bill will be higher. If you can suffer through the heat by only using a fan, you can save as much as $50 per month on your electric bill. Another factor you must consider is that it’s expensive to fly in and out of the Philippines so you’ll need to conserve your money for travel if you want to go back home or visit other nearby destinations.
Final thoughts on the cost of living in the Philippines
Overall, living in the Philippines will put you in the center of paradise with a much cheaper cost of living than in other places. However, be forewarned that the job market isn’t the greatest here. Because English is very common in the Philippines, there’s little need for expat English teachers. If you can manage to find a decent job here though, you’ll have a very beautiful life indeed.
Would you consider living in the Philippines? Tell us!