by Counselorhelp on 18/05/09 at 1:34 am
This is a breakdown of how much it costs for my wife and I to live in the Philippines per month with Real Budget Figures in Dollars and Peso! This is very different from other sources – read on to find out why.
It seems that in a lot of cases the information on cost of living in the Philippines is grossly out of date(pre credit-crunch/depression/recession/”financial crisis), or, its very optimistic, giving you false hope, or it’s written by a party animal who spends too much! This one is going to be different because I will give you actual figures, first in Pesos and then a dollar figure for the total.
In case you are wondering, currently if you want to translate your US dollars into Philippine Pesos, you need to multiply your dollar by around 50 and you will have the peso amount (although currencies fluctuate)!
So, Here’s the Budget!
- Monthly House Rent – 2 bedroom/2 bathroom detached house - 5000
- Monthly Food + shopping – eating fresh food. - 7500
- Water (tap water) - 300
- Mineral Water (delivered to our door) - 300
- Electricity – 600 – 1000
- Fuel (gasoline) - 800
- Monthly Installment on motorbike – 1,500
- Monthly Installment on Big TV – 1000
- DVD rental (3 new release films per week) – 120
- Cable TV bill- 360
- Clothes washing bill -1000
- Gas (cooking gas for stove) - 200
- Visa waiver (2 month visa extension)- 1600
- Internet Bill- 1000
- Travelling - 700
- Dining out – 1500
Total Monthly Expenses in Peso — less than 24,000
Total Monthly Expenses in US Dollar — 475-480
This is for 2 young marrieds to live a fairly nice middle class life. If you want to be a party animal, then you can spend a lot more, of course.
If you like this and maybe want to visit the Philippines, then I suggest you also check my other page “top 11 reasons to visit the Philippines”
If you want to read more of my writing, then please check my profile, or look at my website.