Cost Of Living For a Student in Cagayan de Oro 2025

Average monthly spending for students in Cagayan de Oro

How much money does a student need in a month to survive in Cagayan de Oro?

Students in Cagayan de Oro spend around 39,000 PHP per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 5,900 PHP or as high as 260,000 PHP. Location is a very important factor and has a huge influence on expenditure and budget.

How do students spend their money in Cagayan de Oro?

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

Housing and accomodation expenditure for students

Students in Cagayan de Oro typically spend from 13% to 24% of their total monthly expenditure on housing with 18% being the average. The average monthly spend on housing is 9,400 PHP with expenditure ranging from 1,400 PHP to 63,000 PHP. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Utility expenditure like electricity, water, and gas in Cagayan de Oro ranges from 5% to 11% of total expenses with 7% being the average for most students. The average monthly cost of utilities is 1,600 PHP with 240 PHP and 10,000 PHP being the upper and lower limits for a student of four.

Transport, fuel, and commute expenditure for students

Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 420 PHP to 18,000 PHP in a month on commuting with 2,800 PHP being the norm for most students. This means that money spent on transport constitutes about 4% of total spending on average but can go as low as 4% or as high as 10%.

Food, groceries, and basic shopping expenditure for students

The average outlay on groceries and basic houshold items for a typical student in a month in Cagayan de Oro is 7,900 PHP. The cost of groceries can range between 1,200 PHP to 52,000 PHP. Students spend on average about 23% on food and groceries with upper and lower bounds of 17% and 27% respectively.

Healthcare and medical services expenditure for students

Students in Cagayan de Oro allocate 6% to 12% 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 9%. The range of medical expenses range from 360 PHP to 16,000 PHP with 2,400 PHP being the norm for most students.

Leisure and shopping expenditure for students

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 300 PHP to 13,000 PHP with 2,000 PHP being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 2% for most students.

Education and schooling expenditure for students

Spending on education can vary drastically between different students. On average, education constitutes 18% of the monthly expenditure of students with 11% and 23% being the lower and upper bounds respectively. The average reported education cost is 7,500 PHP per month with 1,100 PHP being the minimum spent amount and 50,000 PHP being the maximum.

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 Cagayan de Oro

Income and cost of living compatibility

We asked students one simple question and recorded their answers.

Is it affordable or economical to live in Cagayan de Oro?

Around 56% of surveyed students think that living in Cagayan de Oro is affordable with proper budgeting while 44% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Cagayan de Oro

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

Plenty of low-cost options59%

Few low-cost options42%

Based on the survey, 59% of the students living in Cagayan de Oro have no problem finding low-cost alternatives to support a frugal lifestyle while 42% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Students

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 students of Cagayan de Oro whether they have an emergency fund and the answers were as follows.

Yes54%

No46%

Based on the survey, 46% of the students living in Cagayan de Oro said that they don't have an emergency fund while 54% 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 student guardians and parents in Cagayan de Oro 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 students 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%

Housing costs, accommodation, and housing affordability in Cagayan de Oro

Rent Cost in Cagayan de Oro

Monthly Rent Prices

Studio apartment monthly rent cost

6,500 PHP

9,800 PHP

26,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$120

$170

$470

1-bedroom apartment monthly rent cost

9,800 PHP

16,000 PHP

39,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$170

$280

$700

2-bedroom apartment monthly rent cost

13,000 PHP

20,000 PHP

52,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$230

$350

$930

3-bedroom apartment monthly rent cost

16,000 PHP

26,000 PHP

71,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$280

$470

$1,300

Furnished apartment monthly rent cost

31,000 PHP

78,000 PHP

160,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$560

$1,400

$2,800

Townhouse monthly rent cost

26,000 PHP

39,000 PHP

110,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$470

$700

$2,000

House monthly rent cost

31,000 PHP

78,000 PHP

160,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$560

$1,400

$2,800

Villa monthly rent cost

39,000 PHP

98,000 PHP

160,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$700

$1,700

$2,800

The monthly rental cost of a studio apartment in Cagayan de Oro ranges between 6,500 PHP and 26,000 PHP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 9,800 PHP to 39,000 PHP. Two-bedroom rentals rate ranges between 13,000 PHP and 52,000 PHP per month. The monthly rental for a three-bedroom apartment ranges from 16,000 PHP to 71,000 PHP. The average rent of a townhouse in Cagayan de Oro is around 39,000 PHP while house rental costs can be as high as 78,000 PHP per month. Finally, if you want to rent a villa, expect to pay anywhere from 39,000 PHP to 160,000 PHP per month.

Apartment and house prices in Cagayan de Oro

Cost of buying a property

Studio apartment price

1.3M PHP

2M PHP

3.9M PHP

MINIMUM

AVERAGE

MAXIMUM

$23,000

$35,000

$70,000

1-bedroom apartment price

1.6M PHP

2.6M PHP

9.8M PHP

MINIMUM

AVERAGE

MAXIMUM

$28,000

$47,000

$170,000

2-bedroom apartment price

2.6M PHP

7.8M PHP

16M PHP

MINIMUM

AVERAGE

MAXIMUM

$47,000

$140,000

$280,000

3-bedroom apartment price

8.7M PHP

13M PHP

39M PHP

MINIMUM

AVERAGE

MAXIMUM

$160,000

$230,000

$700,000

Townhouse price

11M PHP

26M PHP

98M PHP

MINIMUM

AVERAGE

MAXIMUM

$200,000

$470,000

$1.7M

House price

13M PHP

78M PHP

110M PHP

MINIMUM

AVERAGE

MAXIMUM

$230,000

$1.4M

$2M

Villa price

16M PHP

87M PHP

130M PHP

MINIMUM

AVERAGE

MAXIMUM

$280,000

$1.6M

$2.3M

The average price of a studio apartment in Cagayan de Oro can range from 1.3M PHP to 3.9M PHP depending on location. One bedroom cost can be anywhere from 1.6M PHP to 9.8M PHP. A villa can cost you 87M PHP on average with prices ranging from 16M PHP to 130M PHP.

House / apartment prices to income ratio

Property prices in Cagayan de Oro can be x108 to x211 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x108 multiples of the average monthly salary in Cagayan de Oro.

Rent to income ratio

The average rent-to-income ratio in Cagayan de Oro is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 21% to 42% 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 Cagayan de Oro

Energy, electricity, water, gas, internet, and mobile cost in Cagayan de Oro

Utility Bill Cost / Electricity + Water + Gas / Student

240 PHP

1,600 PHP

10,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$4.2

$28

$190

Internet and cable cost

380 PHP

750 PHP

1,000 PHP

MINIMUM

AVERAGE

MAXIMUM

$6.7

$13

$18

Mobile phone bill and charges

300 PHP

500 PHP

1,500 PHP

MINIMUM

AVERAGE

MAXIMUM

$5.4

$9

$27

The average monthly energy and water consumption of students is around 1,600 PHP. The cost of internet and WiFi ranges from 380 PHP to 1,000 PHP with 750 PHP being the average internet bill. Finally, the average monthly mobile charges is around 500 PHP but can range between 300 PHP and 1,500 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 Cagayan de Oro is around 6.3%. This means that people pay 6.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.1% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Cagayan de Oro

Prices and cost of goods and services in Cagayan de Oro

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

Fast food combo meal price

75 PHP

150 PHP

250 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.3

$2.7

$4.5

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Cagayan de Oro is approximatly 150 PHP with meal cost ranging from 75 PHP to 250 PHP. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

260 PHP

380 PHP

770 PHP

MINIMUM

AVERAGE

MAXIMUM

$4.6

$6.9

$14

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 260 PHP and 770 PHP with 380 PHP being the average price of a plate for one person at a regular restaurant in Cagayan de Oro.

Fine dining meal for one price

510 PHP

770 PHP

3,100 PHP

MINIMUM

AVERAGE

MAXIMUM

$9.2

$14

$55

The price range of a meal at fine-dining restaurant is 510 PHP to 3,100 PHP with the average cost being 770 PHP for one person. This is what you would expect to pay a top-tier diner in Cagayan de Oro.

Beverage prices, cappuccino, latte etc..

63 PHP

100 PHP

150 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.8

$2.7

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Cagayan de Oro is around 100 PHP. Price ranges between 63 PHP and 150 PHP depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

50 PHP

60 PHP

75 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.90

$1.1

$1.3

The average price of a large bottle of milk in Cagayan de Oro is 60 PHP. The maximum what you would pay for milk is 75 PHP and the minimum being 50 PHP depending on the brand of milk and other properties.

12 eggs price

38 PHP

50 PHP

75 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.67

$0.90

$1.3

A dozen eggs costs around 50 PHP on average with 38 PHP and 75 PHP being the lower and upper limits respectively.

Fresh whole chicken price

86 PHP

110 PHP

160 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.5

$2

$2.8

The price range of a fresh whole chicken in Cagayan de Oro is between 86 PHP and 160 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

100 PHP

150 PHP

300 PHP

MINIMUM

AVERAGE

MAXIMUM

$1.8

$2.7

$5.4

The price of a regular pack of beef or meat is around 150 PHP. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

41 PHP

55 PHP

79 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.72

$0.99

$1.4

A bag of rice in Cagayan de Oro costs around 55 PHP on average with prices rangeing between 41 PHP and 79 PHP depending on the brand and quality.

Bag of tomatos price

15 PHP

20 PHP

38 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.27

$0.36

$0.67

A bag of tomatoes costs anywhere from 15 PHP to 38 PHP. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

27 PHP

35 PHP

58 PHP

MINIMUM

AVERAGE

MAXIMUM

$0.48

$0.63

$1

A bag of apples costs 35 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 Cagayan de Oro is around 27%. This means that students spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 33% depending on salary and location.

Expenditure on food and grocery for students