Cost Of Living For a Single Person in Paranaque 2025

Average monthly spending for a single person or individual in Paranaque

How much money does an individual need in a month to survive in Paranaque?

A single person in Paranaque spends around 50,000 PHP per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 7,000 PHP or as high as 330,000 PHP. Location and income are very important factors and have a huge influence on expenditure and budget.

Single person expenditure to income ratio in Paranaque

Analysing the how affordable it is for an individual to live in Paranaque

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.

Individuals in Paranaque spend around 75% of their monthly income. Some individuals spend as low as 68% of their income while some as high as 83%.

How do individuals spend their money in Paranaque?

We asked thousands of individuals about their spending habits and expenditure break down.

Housing and accomodation expenditure for individuals

Individuals in Paranaque typically spend from 17% to 41% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 18,000 PHP with expenditure ranging from 2,500 PHP to 120,000 PHP. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Utility expenditure like electricity, water, and gas in Paranaque ranges from 5% to 14% of total expenses with 9% being the average for most individuals. The average monthly cost of utilities is 3,000 PHP with 420 PHP and 20,000 PHP being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 560 PHP to 27,000 PHP in a month on commuting with 4,000 PHP being the norm for most individuals. This means that money spent on transport constitutes about 4% of total spending on average but can go as low as 2% or as high as 10%.

Food, groceries, and basic shopping expenditure for individuals

The average outlay on groceries and basic houshold items for a typical person in a month in Paranaque is 8,000 PHP. The cost of groceries can range between 1,100 PHP to 53,000 PHP. Individuals spend on average about 20% on food and groceries with upper and lower bounds of 14% and 25% respectively.

Healthcare and medical services expenditure for individuals

Individuals in Paranaque allocate 7% to 17% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 13%. The range of medical expenses range from 630 PHP to 30,000 PHP with 4,500 PHP being the norm for most individuals.

Leisure and shopping expenditure for individuals

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 350 PHP to 17,000 PHP with 2,500 PHP being the average. Speaking of percentages, that equates to 2% to 5% of total expenses with an average of 2% for most individuals.

Education and schooling expenditure for individuals

Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 1,000 PHP per month with 140 PHP being the minimum spent amount and 6,600 PHP being the maximum.

What percentage of individuals in Paranaque are able to save money and how much can they save?

Percentage of individuals that reported their ability to save money

Almost 60% of surveyed individuals in Paranaque said that they can save some money at the end of each month while 40% reported that they have to utilize their whole income to survive.

How much money do individuals manage to add to their savings?

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for individuals

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 14% to 32% of their monthly income to their savings, with 22% being the average for most individuals. The average monthly amount of money that individuals can put aside is 16,000 PHP with 1,800 PHP and 110,000 PHP being the minimum and maximum respectively.

Saving Challenges in Paranaque

Reasons that make it difficult for individuals to save money

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

Around 4% of the individuals 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% of individuals 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 individuals in Paranaque

Where do people choose to put their savings?

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

Affordable living in Paranaque

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Paranaque?

Around 53% of surveyed individuals think that living in Paranaque is affordable with proper budgeting while 47% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Paranaque

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 individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options55%

Few low-cost options45%

Based on the survey, 55% of the individuals living in Paranaque have no problem finding low-cost alternatives to support a frugal lifestyle while 45% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

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 individuals of Paranaque whether they have an emergency fund and the answers were as follows.

Yes51%

No49%

Based on the survey, 49% of the individuals living in Paranaque said that they don't have an emergency fund while 51% said that they do.

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 individuals in Paranaque 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 single people 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 of individuals in Paranaque

In an attempt to understand the economic situation in Paranaque, 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.

Around 9% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 45% 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 5% 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.

Debt, loans, and mortgages in Paranaque

Percentage of individuals who are in debt

According to the survey, 29% of the individuals in Paranaque have some kind of debt, loan, mortgage, or credit card payments while 71% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Paranaque

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 29% of a single person's monthly income in Paranaque goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Paranaque pay 60%+ of their income as debt settlement while 20% 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 Paranaque

7% of debtors in Paranaque 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 13% of people and personal loans rose at 45%. Lastly, student loans are the main source of debt for 4% of debtors in Paranaque.

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 Paranaque

Besides measuring the loan-to-income ratio, we asked individuals of Paranaque 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.

Housing costs, accommodation, and housing affordability in Paranaque

Rent Cost in Paranaque

Monthly Rent Prices

Studio apartment monthly rent cost

6,100 PHP

9,100 PHP

24,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$110

$160

$440

1-bedroom apartment monthly rent cost

9,100 PHP

15,000 PHP

37,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$160

$260

$650

2-bedroom apartment monthly rent cost

12,000 PHP

18,000 PHP

49,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$220

$330

$870

3-bedroom apartment monthly rent cost

15,000 PHP

24,000 PHP

66,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$260

$440

$1,200

Furnished apartment monthly rent cost

29,000 PHP

73,000 PHP

150,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$520

$1,300

$2,600

Townhouse monthly rent cost

24,000 PHP

37,000 PHP

100,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$440

$650

$1,900

House monthly rent cost

29,000 PHP

73,000 PHP

150,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$520

$1,300

$2,600

Villa monthly rent cost

37,000 PHP

91,000 PHP

150,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$650

$1,600

$2,600

The monthly rental cost of a studio apartment in Paranaque ranges between 6,100 PHP and 24,000 PHP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 9,100 PHP to 37,000 PHP. Two-bedroom rentals rate ranges between 12,000 PHP and 49,000 PHP per month. The monthly rental for a three-bedroom apartment ranges from 15,000 PHP to 66,000 PHP. The average rent of a townhouse in Paranaque is around 37,000 PHP while house rental costs can be as high as 73,000 PHP per month. Finally, if you want to rent a villa, expect to pay anywhere from 37,000 PHP to 150,000 PHP per month.

Apartment and house prices in Paranaque

Cost of buying a property

Studio apartment price

1.2M PHP

1.8M PHP

3.7M PHP

MINIMUM

AVERAGE

MAXIMUM

$22,000

$33,000

$65,000

1-bedroom apartment price

1.5M PHP

2.4M PHP

9.1M PHP

MINIMUM

AVERAGE

MAXIMUM

$26,000

$44,000

$160,000

2-bedroom apartment price

2.4M PHP

7.3M PHP

15M PHP

MINIMUM

AVERAGE

MAXIMUM

$44,000

$130,000

$260,000

3-bedroom apartment price

8.1M PHP

12M PHP

37M PHP

MINIMUM

AVERAGE

MAXIMUM

$150,000

$220,000

$650,000

Townhouse price

10M PHP

24M PHP

91M PHP

MINIMUM

AVERAGE

MAXIMUM

$190,000

$440,000

$1.6M

House price

12M PHP

73M PHP

100M PHP

MINIMUM

AVERAGE

MAXIMUM

$220,000

$1.3M

$1.9M

Villa price

15M PHP

81M PHP

120M PHP

MINIMUM

AVERAGE

MAXIMUM

$260,000

$1.5M

$2.2M

The average price of a studio apartment in Paranaque can range from 1.2M PHP to 3.7M PHP depending on location. One bedroom cost can be anywhere from 1.5M PHP to 9.1M PHP. A villa can cost you 81M PHP on average with prices ranging from 15M PHP to 120M PHP.

House / apartment prices to income ratio

Property prices in Paranaque can be x100 to x197 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x100 multiples of the average monthly salary in Paranaque.

Rent to income ratio

The average rent-to-income ratio in Paranaque is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 20% to 39% depending on the salary, location, and type of property.

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.

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.

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.

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 Paranaque

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

Utility Bill Cost / Electricity + Water + Gas / A single person

420 PHP

3,000 PHP

20,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$7.5

$53

$360

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

The average monthly energy and water consumption of individuals is around 3,000 PHP. The cost of internet and WiFi 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

The average utility-to-income ratio in Paranaque is around 5.9%. This means that people pay 5.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.9% to 9.8% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Paranaque

Prices and cost of goods and services in Paranaque

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 Paranaque 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

240 PHP

360 PHP

720 PHP

MINIMUM

AVERAGE

MAXIMUM

$4.3

$6.5

$13

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 240 PHP and 720 PHP with 360 PHP being the average price of a plate for one person at a regular restaurant in Paranaque.

Fine dining meal for one price

480 PHP

720 PHP

2,900 PHP

MINIMUM

AVERAGE

MAXIMUM

$8.6

$13

$52

The price range of a meal at fine-dining restaurant is 480 PHP to 2,900 PHP with the average cost being 720 PHP for one person. This is what you would expect to pay a top-tier diner in Paranaque.

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 Paranaque 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

$1.3

The average price of a large bottle of milk in Paranaque 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 Paranaque 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 Paranaque 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

The average grocery-to-income ratio in Paranaque is around 25%. This means that individuals spend 25% of their income on grocery and basic household items. The expenditure can range from 18% to 31% depending on salary and location.

Expenditure on food and grocery for individuals