Cost Of Living in Manila 2025

cost of living chart - average monthly expenditure in Manila

Average monthly spending for singles, couples, students, and families in Manila

Whether you're living in Manila or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: PHP

6,400

84,000

840,000

MINIMUM

AVERAGE

MAXIMUM

$120

$1,500

$15,000

Monthly Expenditure ▶ Single

Currency: PHP

8,200

58,000

390,000

MINIMUM

AVERAGE

MAXIMUM

$150

$1,000

$6,900

Monthly Expenditure ▶ Couple

Currency: PHP

32,000

97,000

520,000

MINIMUM

AVERAGE

MAXIMUM

$580

$1,700

$9,200

Monthly Expenditure ▶ Family

Currency: PHP

45,000

130,000

840,000

MINIMUM

AVERAGE

MAXIMUM

$810

$2,300

$15,000

Monthly Expenditure ▶ Student

Currency: PHP

6,400

43,000

280,000

MINIMUM

AVERAGE

MAXIMUM

$120

$760

$5,100

The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Manila is 58,000 PHP. Expenses can range from 8,200 PHP at the minimum level to 390,000 PHP at the highest end.

Couples

The average monthly spending of couples in Manila is 97,000 PHP. Expenditure can range from 32,000 PHP to 520,000 PHP per month.

Families

The average cost of living for families in Manila is 130,000 PHP per month. Families spend anywhere from 45,000 PHP to 840,000 PHP.

Students

The average monthly expenditure for students in Manila is 43,000 PHP. Students spend from 6,400 PHP to 280,000 PHP per month.

Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.

Prices and cost of goods and services in Manila

Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Manila

Dining, food, and beverages costs

Fast food combo meal

72 PHP

140 PHP

240 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.3

$2.6

$4.3

Restaurant meal for one

260 PHP

390 PHP

780 PHP

MINIMUM

AVERAGE

MAXIMUM

$4.7

$14

Fine dining meal for one

520 PHP

780 PHP

3,100 PHP

MINIMUM

AVERAGE

MAXIMUM

$9.3

$14

$56

Cappuccino or latte

60 PHP

96 PHP

140 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.7

$2.6

Grocery and market costs

Milk large bottle

48 PHP

57 PHP

72 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.85

$1.3

12 eggs

36 PHP

48 PHP

72 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.64

$0.85

$1.3

Fresh whole chicken

81 PHP

110 PHP

150 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.5

$1.9

$2.7

Pack of beef

96 PHP

140 PHP

290 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.7

$2.6

$5.1

Medium bag of rice

39 PHP

53 PHP

75 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.69

$0.94

$1.3

Bag of tomatos

14 PHP

19 PHP

36 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.26

$0.34

$0.64

Bag of apples

26 PHP

33 PHP

55 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.46

$0.60

$0.98

Chart showing the prices and cost of commute, travel, and transportation in Manila

Commute, travel, and transportation costs

20 minutes taxi ride

65 PHP

78 PHP

160 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.2

$1.4

$2.8

Average car full tank

360 PHP

480 PHP

960 PHP

MINIMUM

AVERAGE

MAXIMUM

$6.4

$8.5

$17

Average car 1-day rental

430 PHP

570 PHP

850 PHP

MINIMUM

AVERAGE

MAXIMUM

$7.6

$10

$15

Average car price

180,000 PHP

360,000 PHP

480,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$3,200

$6,400

$8,500

Bus ticket one way

14 PHP

21 PHP

43 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.25

$0.38

$0.76

Car Service

570 PHP

850 PHP

1,700 PHP

MINIMUM

AVERAGE

MAXIMUM

$10

$15

$30

Chart showing the prices and cost of utility, energy, water, and gas for a family in Manila

Utility cost (monthly)

Utility Bill - Individual

490 PHP

3,500 PHP

23,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$8.7

$62

$410

Utility Bill - Couple

1,300 PHP

4,400 PHP

28,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$23

$78

$510

Utility Bill - Family

2,300 PHP

6,400 PHP

42,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$40

$120

$750

Internet and cable

360 PHP

720 PHP

960 PHP

MINIMUM

AVERAGE

MAXIMUM

$6.4

$13

$17

Mobile phone charges

290 PHP

480 PHP

1,400 PHP

MINIMUM

AVERAGE

MAXIMUM

$5.1

$8.5

$26

Leisure and activities costs

Movie ticket

180 PHP

240 PHP

360 PHP

MINIMUM

AVERAGE

MAXIMUM

$3.2

$4.3

$6.4

One month gym membership

680 PHP

850 PHP

1,700 PHP

MINIMUM

AVERAGE

MAXIMUM

$12

$15

$30

Chart showing the prices and cost of clothing and accessories in Manila

Cloths and accessories costs

Pair of jeans or pants

500 PHP

710 PHP

1,100 PHP

MINIMUM

AVERAGE

MAXIMUM

$8.9

$13

$19

Woman dress

470 PHP

650 PHP

2,100 PHP

MINIMUM

AVERAGE

MAXIMUM

$8.4

$12

$38

Woman shoes

450 PHP

610 PHP

1,400 PHP

MINIMUM

AVERAGE

MAXIMUM

$11

$25

Men's shoes

390 PHP

470 PHP

950 PHP

MINIMUM

AVERAGE

MAXIMUM

$6.9

$8.4

$17

Men suit

430 PHP

530 PHP

2,800 PHP

MINIMUM

AVERAGE

MAXIMUM

$7.6

$9.5

$51

Regular t-shirt

210 PHP

280 PHP

850 PHP

MINIMUM

AVERAGE

MAXIMUM

$3.8

$5.1

$15

Chart showing the prices and cost of housing, accommodation, and rent in Manila

Housing costs / monthly rent

Studio apartment

7,100 PHP

11,000 PHP

28,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$130

$190

$510

1-bedroom apartment

11,000 PHP

17,000 PHP

43,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$190

$300

$760

2-bedroom apartment

14,000 PHP

21,000 PHP

57,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$250

$380

$1,000

Housing costs / Buying

Studio apartment

1.4M PHP

2.1M PHP

4.3M PHP

MINIMUM

AVERAGE

MAXIMUM

$25,000

$38,000

$76,000

1-bedroom apartment

1.7M PHP

2.8M PHP

11M PHP

MINIMUM

AVERAGE

MAXIMUM

$30,000

$51,000

$190,000

2-bedroom apartment

2.8M PHP

8.5M PHP

17M PHP

MINIMUM

AVERAGE

MAXIMUM

$51,000

$150,000

$300,000

Chart showing the prices and cost of furniture in Manila

Furniture Costs

King Size Bed

7,200 PHP

9,000 PHP

12,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$130

$160

$210

Double Bed

4,800 PHP

7,200 PHP

9,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$85

$130

$160

Single Bed

4,200 PHP

5,500 PHP

7,200 PHP

MINIMUM

AVERAGE

MAXIMUM

$75

$98

$130

Living Room

8,000 PHP

10,000 PHP

36,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$140

$180

$640

Dining Table

3,600 PHP

4,800 PHP

9,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$64

$85

$160

Sofa or Couch

4,800 PHP

6,500 PHP

14,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$85

$120

$260

Chart showing the prices and cost of electronic devices and appliances in Manila

Electronics and House Appliance Costs

TV Set

4,800 PHP

7,200 PHP

14,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$85

$130

$260

Fridge or Freezer

4,200 PHP

6,500 PHP

9,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$75

$120

$160

Washing Machine

5,500 PHP

8,000 PHP

14,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$98

$140

$260

Stove or Cooker

5,100 PHP

6,500 PHP

9,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$91

$120

$160

Mobile Phone

6,000 PHP

7,200 PHP

10,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$110

$130

$180

Laptop or Computer

6,500 PHP

8,000 PHP

14,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$120

$140

$260

Expenditure to Income Ratio in Manila

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Spending to Income Ratio

97%

89% to 110%

( expenditure / income ) x 100

Expense to income distribution levels

Spending To Income Ratio	% People
< 50%	4%
50% - 60%	8%
60% - 70%	15%
70% - 80%	24%
80% - 90%	21%
90% - 100%	11%
100% - 110%	6%
110% - 120%	4%
120% - 130%	3%
130% - 140%	2%
> 140%	2%

Interpretation and Analysis

The average spending-to-salary ratio in Manila is 97% This means that on average, people spend around 97% of their income for living. According to the distribution table, 15% of the population spend approximately 60% to 70% of their income every month.

How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.

Individual
87%
Spending-Income-Ratio

80%

96%

Couple
92%
Spending-Income-Ratio

84%

100%

Family
100%
Spending-Income-Ratio

93%

110%

Distribution of monthly cost of living expenses in Manila

How do people spend their money in Manila?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure23%

23% of total expenses on average (12% to 31%)

LOW	$35 1,900 PHP
AVERAGE	$450 25,000 PHP
HIGH	$4,500 250,000 PHP
	Per Month

People living in Manila typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 25,000 PHP with expenditure ranging from 1,900 PHP to 250,000 PHP. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (5% to 12%)

LOW	$5.8 320 PHP
AVERAGE	$75 4,200 PHP
HIGH	$750 42,000 PHP
	Per Month

Utility expenditure like electricity, water, and gas in Manila ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 4,200 PHP with 320 PHP and 42,000 PHP being the upper and lower limits.

Transport, Fuel, Commute6%

6% of total expenses on average (3% to 10%)

LOW	$12 640 PHP
AVERAGE	$150 8,400 PHP
HIGH	$1,500 84,000 PHP
	Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 640 PHP to 84,000 PHP on commuting with 8,400 PHP being the norm for most people in one month. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 3% or as high as 10%.

Food and Groceries Cost29%

29% of total expenses on average (21% to 35%)

LOW	$29 1,600 PHP
AVERAGE	$370 21,000 PHP
HIGH	$3,700 210,000 PHP
	Per Month

The average outlay on groceries in a month in Manila is 21,000 PHP. The cost of groceries can range between 1,600 PHP to 210,000 PHP. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

Healthcare and Medical Services11%

11% of total expenses on average (6% to 14%)

LOW	$8.1 450 PHP
AVERAGE	$100 5,900 PHP
HIGH	$1,000 59,000 PHP
	Per Month

People in Manila allocate 6% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 11%. The range of medical expenses range from 450 PHP to 59,000 PHP with 5,900 PHP being the norm.

Leisure and Shopping4%

4% of total expenses on average (2% to 8%)

LOW	$4.6 260 PHP
AVERAGE	$60 3,400 PHP
HIGH	$600 34,000 PHP
	Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 260 PHP to 34,000 PHP with 3,400 PHP being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.

Education and Schooling5%

5% of total expenses on average (3% to 11%)

LOW	$6.9 390 PHP
AVERAGE	$90 5,000 PHP
HIGH	$900 50,000 PHP
	Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 5,000 PHP per month with 390 PHP being the minimum spent amount and 50,000 PHP being the maximum.

Other Expenses14%

14% of total expenses on average (9% to 21%)

LOW	$15 840 PHP
AVERAGE	$190 11,000 PHP
HIGH	$1,900 110,000 PHP
	Per Month

Percentage of people who manage to save money from their income every month in Manila

How much money can you save in Manila every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.

What percentage of people in Manila manage to save money from their income every month?

Saving Money

65%

Not Saving

35%

Almost 65% of the surveyed people in Manila said that they can save some money at the end of each month while 35% said that aren't saving anything.

Percentage of people saving money by population group in Manila

Group	Savers	Non Savers
Singles	69%	31%
Couples	64%	36%
Families	58%	42%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.

Saving to Income Ratio

13%

22% of income

35%

MINIMUM

AVERAGE

MAXIMUM

Average Monthly Saved Amount

2,100 PHP
$37

27,000 PHP
$480

270,000 PHP
$4,800

MINIMUM

AVERAGE

MAXIMUM

For most people, 13% to 35% of their monthly income is what they can allocate to their savings, with 22% being the average. The amount of money that people can save is approximately 27,000 PHP on average with savings ranging from 2,100 PHP to 270,000 PHP.

69% of surveyed singles reported some of their income going to savings while 64% of couples said the same. 58% of families confirmed their ability to save money.

How much money do people actually save in Manila?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Singles

Saving to Income Ratio

16%

26% of income

38%

MINIMUM

AVERAGE

MAXIMUM

Average Monthly Saved Amount

2,100 PHP
$37

19,000 PHP
$330

120,000 PHP
$2,200

MINIMUM

AVERAGE

MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio	% Singles
0% - 10%	33%
10% - 20%	26%
20% - 30%	16%
30% - 40%	12%
40% - 50%	9%
> 50%	4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 16% to 38% of their monthly income to savings, with 26% being the average for most singles. The average amount of money that singles are able to save is 19,000 PHP with 2,100 PHP and 120,000 PHP being the minimum and maximum respectively.

Couples

Saving to Income Ratio

14%

24% of income

36%

MINIMUM

AVERAGE

MAXIMUM

Average Monthly Saved Amount

10,000 PHP
$180

31,000 PHP
$550

170,000 PHP
$2,900

MINIMUM

AVERAGE

MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio	% Couples
0% - 10%	37%
10% - 20%	28%
20% - 30%	19%
30% - 40%	7%
40% - 50%	6%
> 50%	3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 14% to 36% of their monthly income, with 24% being the average for most couples. The average amount of money that couples can save is 31,000 PHP with 10,000 PHP and 170,000 PHP being the minimum and maximum respectively.

Families

Saving to Income Ratio

11%

20% of income

33%

MINIMUM

AVERAGE

MAXIMUM

Average Monthly Saved Amount

14,000 PHP
$260

41,000 PHP
$740

270,000 PHP
$4,800

MINIMUM

AVERAGE

MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio	% Families
0% - 10%	40%
10% - 20%	31%
20% - 30%	20%
30% - 40%	4%
40% - 50%	3%
> 50%	2%

Interpretation and Analysis

Families in Manila can save anywhere between 11% to 33% of their monthly income, with 20% being the average for most families. The average amount of money that families can put aside is 41,000 PHP with 14,000 PHP and 270,000 PHP being the minimum and maximum respectively.

Saving Challenges in Manila

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Manila. Listed below are the answers given by the survey participants.

Reason	% People
Low Income	4%
High Expenses	7%
Debt and Loans	12%
Lack of Budgeting Skills	12%
Impulsive Spending	12%
Financial Emergencies	7%
Living the moment	5%
Will do it later	22%
Inflation	14%
Social Pressure	3%
Market Instability	2%

Around 4% of the people said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 12% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 22% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Manila

Where do people choose to put their savings?

Saving Type	% People
Emergency Funds	13%
Gold	13%
Savings Accounts	17%
Retirement Accounts	9%
Cash Savings	22%
Real Estate	9%
Investment	5%
Stocks	4%
Bonds	4%
Mutual Funds	2%
Certificates of Deposit	3%

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Affordable living in Manila

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Manila?

Yes

61%

39%

Around 61% of surveyed residents think that living in Manila is affordable with proper budgeting while 39% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Manila

Low-cost alternatives in Manila

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options64%

Few low-cost options36%

Based on the survey, 64% of the people living in Manila have no problem finding low-cost alternatives to support a frugal lifestyle while 36% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Manila whether they have an emergency fund and the answers were as follows.

Yes59%

No41%

Based on the survey, 41% of the people living in Manila said that they don't have an emergency fund while 59% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Manila

Financial Literacy in Philippines

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy49%

We asked residents of Philippines whether they acquired any adequate personal financial training in their lives. Approximately 51% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 49% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Philippines have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 47% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 53% said that they have everything under control.

Struggles with finance47%

Easily manages finances53%

Financial goals and targets of people living in Manila

Financial goals of people in Manila

In an attempt to understand the economic situation in Manila, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.

Financial Goal	% People
Emergency Fund	9%
Debt Reduction	44%
Retirement Savings	11%
Education Funding	6%
Homeownership	19%
Investing	6%
Travel or Lifestyle	6%
Healthcare Expenses	15%
Financial Independence	4%

Around 9% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 44% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 15% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Manila

What does the retirement lifestyle look like in Manila and how much retirement savings are required?

Retirement age

The retirement age for most employees in Philippines is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.

The typical saved amount of money you should have at every age as multiples of monthly salary:

Age	Amount
25	5x monthly salary at age 25
30	10x monthly salary at age 30
35	15x monthly salary at age 35
40	25x monthly salary at age 40
45	32x monthly salary at age 45
50	48x monthly salary at age 50
55	56x monthly salary at age 55
60	64x monthly salary at age 60
65	78x monthly salary at age 65

The typical average saved amount of money you should have at every age in Manila:

Age	Amount
25	220,000 PHP
30	440,000 PHP
35	770,000 PHP
40	1.1M PHP
45	1.7M PHP
50	2.3M PHP
55	2.8M PHP
60	3.4M PHP
65	4.1M PHP

Retirement Income Distribution

We asked residents of Manila about their retirement income sources and below are the results.

Source	% People
Pensions	11%
Savings	24%
Investments	11%
Social Security	6%
Annuities	6%
Part-time Job	16%
Real Estate	19%
Dividends and Interest	6%

Retirement Monthly Expenses in Manila

4,700 PHP
$85

43,000 PHP
$760

280,000 PHP
$5,100

MINIMUM

AVERAGE

MAXIMUM

Debt, loans, and mortgages in Manila

Percentage of people who are in debt

In Debt

34%

Debt Free

66%

According to the survey, 34% of the people in Manila have some kind of debt, loan, mortgage, or credit card payments while 66% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Manila

Debt to income ratio

34%

25% to 44%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 34% of the people's monthly income in Manila goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio	% People
> 60%	3%
50% - 60%	19%
40% - 50%	15%
30% - 40%	17%
20% - 30%	9%
10% - 20%	11%
0% - 10%	25%

According to our data, 3% of the debtors in Manila pay 60%+ of their income as debt settlement while 19% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 9% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Manila

Debt	% People
Real Estate Mortgage	7%
Auto Loan	14%
Student Loan	4%
Credit Card	31%
Personal Loan	44%

7% of debtors in Manila confirm that real estate mortgages constitutes the main part of their outstanding debt while 31% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 14% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Manila.

About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Manila

Besides measuring the loan-to-income ratio, we asked residents of Manila how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency	% People
Never	49%
Once a year	24%
Twice a year	13%
Three times a year	9%
Four times a year	4%

Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Manila

Housing costs, accommodation, and housing affordability in Manila

Rental costs and house/apartment prices can vary drastically between different areas and locations.

Rent Cost in Manila

Monthly Rent Prices

Studio apartment monthly rent cost

7,100 PHP

11,000 PHP

28,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$130

$190

$510

1-bedroom apartment monthly rent cost

11,000 PHP

17,000 PHP

43,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$190

$300

$760

2-bedroom apartment monthly rent cost

14,000 PHP

21,000 PHP

57,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$250

$380

$1,000

3-bedroom apartment monthly rent cost

17,000 PHP

28,000 PHP

77,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$300

$510

$1,400

Furnished apartment monthly rent cost

34,000 PHP

85,000 PHP

170,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$610

$1,500

$3,000

Townhouse monthly rent cost

28,000 PHP

43,000 PHP

120,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$510

$760

$2,200

House monthly rent cost

34,000 PHP

85,000 PHP

170,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$610

$1,500

$3,000

Villa monthly rent cost

43,000 PHP

110,000 PHP

170,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$760

$1,900

$3,000

The monthly rental cost of a studio apartment in Manila ranges between 7,100 PHP and 28,000 PHP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 11,000 PHP to 43,000 PHP. Two-bedroom rentals rate ranges between 14,000 PHP and 57,000 PHP per month. The monthly rental for a three-bedroom apartment ranges from 17,000 PHP to 77,000 PHP. The average rent of a townhouse in Manila is around 43,000 PHP while house rental costs can be as high as 85,000 PHP per month. Finally, if you want to rent a villa, expect to pay anywhere from 43,000 PHP to 170,000 PHP per month.

Apartment and house prices in Manila

Cost of buying a property

Studio apartment price

1.4M PHP

2.1M PHP

4.3M PHP

MINIMUM

AVERAGE

MAXIMUM

$25,000

$38,000

$76,000

1-bedroom apartment price

1.7M PHP

2.8M PHP

11M PHP

MINIMUM

AVERAGE

MAXIMUM

$30,000

$51,000

$190,000

2-bedroom apartment price

2.8M PHP

8.5M PHP

17M PHP

MINIMUM

AVERAGE

MAXIMUM

$51,000

$150,000

$300,000

3-bedroom apartment price

9.5M PHP

14M PHP

43M PHP

MINIMUM

AVERAGE

MAXIMUM

$170,000

$250,000

$760,000

Townhouse price

12M PHP

28M PHP

110M PHP

MINIMUM

AVERAGE

MAXIMUM

$220,000

$510,000

$1.9M

House price

14M PHP

85M PHP

120M PHP

MINIMUM

AVERAGE

MAXIMUM

$250,000

$1.5M

$2.2M

Villa price

17M PHP

95M PHP

140M PHP

MINIMUM

AVERAGE

MAXIMUM

$300,000

$1.7M

$2.5M

The average price of a studio apartment in Manila can range from 1.4M PHP to 4.3M PHP depending on location. One bedroom cost can be anywhere from 1.7M PHP to 11M PHP. A villa can cost you 95M PHP on average with prices ranging from 17M PHP to 140M PHP.

If you're leasing or purchasing, housing costs in Manila will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio

Property price to income ratio

( average property price / average monthly income ) x 100

x117 monthly income

229

MINIMUM

AVERAGE

MAXIMUM

Property prices in Manila can be x117 to x229 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x117 multiples of the average monthly salary in Manila.

Rent to income ratio

( monthly rental / monthly income ) x 100

23%

34% of income

45%

MINIMUM

AVERAGE

MAXIMUM

The average rent-to-income ratio in Manila is around 34%. This means that people pay 34% of their income for rent. Those figures can range from 23% to 45% depending on the salary, location, and type of property.

The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index

31%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

FROM

1.9%

AVERAGE

2.9%

3.8%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

130 PHP

1,700 PHP

17,000 PHP

MINIMUM

AVERAGE

MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Manila

Utilities expenditure can vary slightly between different areas and locations.

Energy, electricity, water, gas, internet, and mobile cost in Manila

Utility Bill Cost / Electricity + Water + Gas / Individual

490 PHP

3,500 PHP

23,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$8.7

$62

$410

Utility Bill Cost / Electricity + Water + Gas / Couple

1,300 PHP

4,400 PHP

28,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$23

$78

$510

Utility Bill Cost / Electricity + Water + Gas / Family

2,300 PHP

6,400 PHP

42,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$40

$120

$750

Internet and cable cost

360 PHP

720 PHP

960 PHP

MINIMUM

AVERAGE

MAXIMUM

$6.4

$13

$17

Mobile phone bill and charges

290 PHP

480 PHP

1,400 PHP

MINIMUM

AVERAGE

MAXIMUM

$5.1

$8.5

$26

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.

The average monthly expenditure for individuals on electricty, water, and gas in Manila ranges between 490 PHP and 23,000 PHP with average being 3,500 PHP, meanwhile the expenditure of couples is slightly higher at 4,400 PHP with 1,300 PHP and 28,000 PHP being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 6,400 PHP. The cost of internet and WiFi is unchanged among the three groups and ranges from 360 PHP to 960 PHP with 720 PHP being the average internet bill. Finally, the average monthly mobile charges is around 480 PHP but can range between 290 PHP and 1,400 PHP depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

( monthly utility expenses / monthly income ) x 100

3.4%

6.8% of income

11%

MINIMUM

AVERAGE

MAXIMUM

The average utility-to-income ratio in Manila is around 6.8%. This means that people pay 6.8% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.4% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Manila

Grocery / Food expenditure and prices can vary drastically between different areas and locations.

Prices and cost of goods and services in Manila

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

72 PHP

140 PHP

240 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.3

$2.6

$4.3

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Manila is approximatly 140 PHP with meal cost ranging from 72 PHP to 240 PHP. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

260 PHP

390 PHP

780 PHP

MINIMUM

AVERAGE

MAXIMUM

$4.7

$14

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 260 PHP and 780 PHP with 390 PHP being the average price of a plate for one person at a regular restaurant in Manila.

Fine dining meal for one price

520 PHP

780 PHP

3,100 PHP

MINIMUM

AVERAGE

MAXIMUM

$9.3

$14

$56

The price range of a meal at fine-dining restaurant is 520 PHP to 3,100 PHP with the average cost being 780 PHP for one person. This is what you would expect to pay a top-tier diner in Manila.

Beverage prices, cappuccino, latte etc..

60 PHP

96 PHP

140 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.7

$2.6

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Manila is around 96 PHP. Price ranges between 60 PHP and 140 PHP depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

48 PHP

57 PHP

72 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.85

$1.3

The average price of a large bottle of milk in Manila is 57 PHP. The maximum what you would pay for milk is 72 PHP and the minimum being 48 PHP depending on the brand of milk and other properties.

12 eggs price

36 PHP

48 PHP

72 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.64

$0.85

$1.3

A dozen eggs costs around 48 PHP on average with 36 PHP and 72 PHP being the lower and upper limits respectively.

Fresh whole chicken price

81 PHP

110 PHP

150 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.5

$1.9

$2.7

The price range of a fresh whole chicken in Manila is between 81 PHP and 150 PHP depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 110 PHP.

Pack of beef price

96 PHP

140 PHP

290 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.7

$2.6

$5.1

The price of a regular pack of beef or meat is around 140 PHP. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

39 PHP

53 PHP

75 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.69

$0.94

$1.3

A bag of rice in Manila costs around 53 PHP on average with prices rangeing between 39 PHP and 75 PHP depending on the brand and quality.

Bag of tomatos price

14 PHP

19 PHP

36 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.26

$0.34

$0.64

A bag of tomatoes costs anywhere from 14 PHP to 36 PHP. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

26 PHP

33 PHP

55 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.46

$0.60

$0.98

A bag of apples costs 33 PHP on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

( monthly grocery expenses / monthly income ) x 100

20%

30% of income

36%

MINIMUM

AVERAGE

MAXIMUM

The average grocery-to-income ratio in Manila is around 30%. This means that people spend 30% of their income on grocery and basic household items. The expenditure can range from 20% to 36% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 9,300 PHP per month on grocery and food with expenditure fluctuating between 1,300 PHP and 62,000 PHP depending on location and the type of person. The average cost of food and groceries for a couple is around 14,000 PHP per month. That number can be get as low as 4,500 PHP or a high as 72,000 PHP. Families' spending on grocery ranges from 8,100 PHP to 150,000 PHP with the location, income, and size of the family being the most determinite factors.

SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Manila

Housing cost for a single person29%

29% of total expenses on average (17% to 41%)

LOW	$52 2,900 PHP
AVERAGE	$370 21,000 PHP
HIGH	$2,500 140,000 PHP
	Per Month

Utilities, Electricity, Water, Internet, Mobile9%

9% of total expenses on average (5% to 14%)

LOW	$8.7 490 PHP
AVERAGE	$62 3,500 PHP
HIGH	$410 23,000 PHP
	Per Month

Transport and Fuel Cost4%

4% of total expenses on average (2% to 10%)

LOW	$12 650 PHP
AVERAGE	$83 4,600 PHP
HIGH	$550 31,000 PHP
	Per Month

Food and Groceries Cost20%

20% of total expenses on average (14% to 25%)

LOW	$23 1,300 PHP
AVERAGE	$170 9,300 PHP
HIGH	$1,100 62,000 PHP
	Per Month

Healthcare Cost13%

13% of total expenses on average (7% to 17%)

LOW	$13 730 PHP
AVERAGE	$93 5,200 PHP
HIGH	$620 35,000 PHP
	Per Month

Leisure and Shopping Expenditure2%

2% of total expenses on average (2% to 5%)

LOW	$7.3 410 PHP
AVERAGE	$52 2,900 PHP
HIGH	$350 19,000 PHP
	Per Month

Education Cost1%

1% of total expenses on average (0.00% to 3%)

LOW	$2.9 160 PHP
AVERAGE	$21 1,200 PHP
HIGH	$140 7,700 PHP
	Per Month

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW	$26 1,500 PHP
AVERAGE	$190 10,000 PHP
HIGH	$1,200 70,000 PHP
	Per Month

CoupleAverage monthly living expenditure breaks and spending patterns for couples in Manila

Housing cost for a couple26%

26% of total expenses on average (19% to 36%)

LOW	$200 11,000 PHP
AVERAGE	$590 33,000 PHP
HIGH	$3,100 180,000 PHP
	Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (6% to 12%)

LOW	$23 1,300 PHP
AVERAGE	$78 4,400 PHP
HIGH	$510 28,000 PHP
	Per Month

Transport and Fuel Cost8%

8% of total expenses on average (2% to 13%)

LOW	$69 3,900 PHP
AVERAGE	$210 12,000 PHP
HIGH	$1,100 62,000 PHP
	Per Month

Food and Groceries Cost18%

18% of total expenses on average (13% to 23%)

LOW	$81 4,500 PHP
AVERAGE	$240 14,000 PHP
HIGH	$1,300 72,000 PHP
	Per Month

Healthcare Cost15%

15% of total expenses on average (9% to 19%)

LOW	$63 3,500 PHP
AVERAGE	$190 11,000 PHP
HIGH	$1,000 57,000 PHP
	Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (1% to 6%)

LOW	$35 1,900 PHP
AVERAGE	$100 5,800 PHP
HIGH	$550 31,000 PHP
	Per Month

Education Cost1%

1% of total expenses on average (0.00% to 3%)

LOW	$12 640 PHP
AVERAGE	$35 1,900 PHP
HIGH	$180 10,000 PHP
	Per Month

Other Expenses21%

21% of total expenses on average (15% to 27%)

LOW	$98 5,500 PHP
AVERAGE	$290 16,000 PHP
HIGH	$1,600 88,000 PHP
	Per Month

FamilyAverage monthly expenses and break out of spending for families living in Manila

Housing cost for a family25%

25% of total expenses on average (20% to 35%)

LOW	$260 14,000 PHP
AVERAGE	$740 41,000 PHP
HIGH	$4,800 270,000 PHP
	Per Month

Utilities, Electricity, Water, Internet, Mobile6%

6% of total expenses on average (4% to 9%)

LOW	$40 2,300 PHP
AVERAGE	$120 6,400 PHP
HIGH	$750 42,000 PHP
	Per Month

Transport and Fuel Expenses4%

4% of total expenses on average (2% to 6%)

LOW	$81 4,500 PHP
AVERAGE	$230 13,000 PHP
HIGH	$1,500 84,000 PHP
	Per Month

Food and Groceries Cost22%

22% of total expenses on average (15% to 28%)

LOW	$150 8,100 PHP
AVERAGE	$410 23,000 PHP
HIGH	$2,700 150,000 PHP
	Per Month

Healthcare Expenses12%

12% of total expenses on average (8% to 17%)

LOW	$73 4,100 PHP
AVERAGE	$230 13,000 PHP
HIGH	$1,200 67,000 PHP
	Per Month

Leisure and Shopping Cost2%

2% of total expenses on average (1% to 6%)

LOW	$40 2,300 PHP
AVERAGE	$120 6,400 PHP
HIGH	$750 42,000 PHP
	Per Month

Education Cost13%

13% of total expenses on average (6% to 21%)

LOW	$110 6,300 PHP
AVERAGE	$320 18,000 PHP
HIGH	$2,100 120,000 PHP
	Per Month

Other Expenses16%

16% of total expenses on average (9% to 21%)

LOW	$64 3,600 PHP
AVERAGE	$180 10,000 PHP
HIGH	$1,200 67,000 PHP
	Per Month

StudentCost of living and expenses break down for students living in Manila

Housing costs for Student17%

17% of total expenses on average (12% to 23%)

LOW	$28 1,500 PHP
AVERAGE	$180 10,000 PHP
HIGH	$1,200 68,000 PHP
	Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses7%

7% of total expenses on average (5% to 11%)

LOW	$4.6 260 PHP
AVERAGE	$31 1,700 PHP
HIGH	$200 11,000 PHP
	Per Month

Transport and Fuel Cost3%

3% of total expenses on average (4% to 9%)

LOW	$8.1 450 PHP
AVERAGE	$53 3,000 PHP
HIGH	$360 20,000 PHP
	Per Month

Food and Groceries Expenditure24%

24% of total expenses on average (18% to 28%)

LOW	$23 1,300 PHP
AVERAGE	$150 8,500 PHP
HIGH	$1,000 57,000 PHP
	Per Month

Healthcare Cost10%

10% of total expenses on average (7% to 13%)

LOW	$6.9 390 PHP
AVERAGE	$46 2,600 PHP
HIGH	$310 17,000 PHP
	Per Month

Leisure and Shopping Cost2%

2% of total expenses on average (2% to 6%)

LOW	$5.8 320 PHP
AVERAGE	$38 2,100 PHP
HIGH	$250 14,000 PHP
	Per Month

Education Cost18%

18% of total expenses on average (11% to 23%)

LOW	$22 1,200 PHP
AVERAGE	$140 8,100 PHP
HIGH	$970 54,000 PHP
	Per Month

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW	$17 970 PHP
AVERAGE	$110 6,400 PHP
HIGH	$760 43,000 PHP
	Per Month

Cost of living for a family in Manila Cost of living for a single person in Manila Cost of living for a couple in Manila Cost of living for a student in Manila

Philippines » Manila