Cost Of Living in Valenzuela 2024

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

Whether you're living in Valenzuela 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

77,000 PHP

per month
$1,400

5,900 PHP   $110
$14,000   770,000 PHP

Single

53,000 PHP

per month
$950

18,000 PHP   $320
$6,400   360,000 PHP

Couple

89,000 PHP

per month
$1,600

30,000 PHP   $530
$8,500   480,000 PHP

Family

120,000 PHP

per month
$2,100

42,000 PHP   $740
$12,000   650,000 PHP

Student

35,000 PHP

per month
$630

14,000 PHP   $250
$1,100   63,000 PHP
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Valenzuela is 53,000 PHP. Expenses can range from 18,000 PHP at the minimum level to 360,000 PHP at the highest end.


Couples

The average monthly spending of couples in Valenzuela is 89,000 PHP. Expenditure can range from 30,000 PHP to 480,000 PHP per month.


Families

The average cost of living for families in Valenzuela is 120,000 PHP per month. Families spend anywhere from 42,000 PHP to 650,000 PHP.


Students

The average monthly expenditure for students in Valenzuela is 35,000 PHP. Students spend from 14,000 PHP to 63,000 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 Valenzuela


Dining, food, and beverages costs


Large bottle of water
9.2 PHP 10 PHP 12 PHP
MINIMUM AVERAGE MAXIMUM
$0.16 $0.19 $0.22
Fast food combo meal
78 PHP 160 PHP 260 PHP
MINIMUM AVERAGE MAXIMUM
$1.4 $2.8 $4.7
Restaurant meal for one
260 PHP 390 PHP 780 PHP
MINIMUM AVERAGE MAXIMUM
$4.7 $7 $14
Fine dining meal for one
520 PHP 780 PHP 3,100 PHP
MINIMUM AVERAGE MAXIMUM
$9.3 $14 $56
Soda or Soft Drink
11 PHP 13 PHP 16 PHP
MINIMUM AVERAGE MAXIMUM
$0.20 $0.23 $0.28
Cappuccino or latte
65 PHP 100 PHP 160 PHP
MINIMUM AVERAGE MAXIMUM
$1.2 $1.9 $2.8

Grocery and market costs


Milk large bottle
52 PHP 63 PHP 78 PHP
MINIMUM AVERAGE MAXIMUM
$0.93 $1.1 $1.4
Loaf of bread
9.4 PHP 11 PHP 12 PHP
MINIMUM AVERAGE MAXIMUM
$0.17 $0.19 $0.22
12 eggs
39 PHP 52 PHP 78 PHP
MINIMUM AVERAGE MAXIMUM
$0.70 $0.93 $1.4
Fresh whole chicken
89 PHP 120 PHP 160 PHP
MINIMUM AVERAGE MAXIMUM
$1.6 $2.1 $2.9
Beef 1 kg or 1 lb
100 PHP 160 PHP 310 PHP
MINIMUM AVERAGE MAXIMUM
$1.9 $2.8 $5.6
Rice 1 kg or 1 lb
42 PHP 58 PHP 82 PHP
MINIMUM AVERAGE MAXIMUM
$0.75 $1 $1.5
Tomato 1 kg or 1 lb
16 PHP 21 PHP 39 PHP
MINIMUM AVERAGE MAXIMUM
$0.28 $0.37 $0.70
Apples 1 kg or 1 lb
28 PHP 37 PHP 60 PHP
MINIMUM AVERAGE MAXIMUM
$0.50 $0.65 $1.1

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
390 PHP 520 PHP 1,000 PHP
MINIMUM AVERAGE MAXIMUM
$7 $9.3 $19
Average car 1-day rental
390 PHP 520 PHP 780 PHP
MINIMUM AVERAGE MAXIMUM
$7 $9.3 $14
Average car price
200,000 PHP 390,000 PHP 520,000 PHP
MINIMUM AVERAGE MAXIMUM
$3,500 $7,000 $9,300
Bus ticket one way
13 PHP 20 PHP 39 PHP
MINIMUM AVERAGE MAXIMUM
$0.23 $0.35 $0.70
Car Service
520 PHP 780 PHP 1,600 PHP
MINIMUM AVERAGE MAXIMUM
$9.3 $14 $28

Utility cost (monthly)


Utility Bill - Individual
1,100 PHP 3,200 PHP 21,000 PHP
MINIMUM AVERAGE MAXIMUM
$19 $57 $380
Utility Bill - Couple
1,500 PHP 4,500 PHP 24,000 PHP
MINIMUM AVERAGE MAXIMUM
$27 $80 $420
Utility Bill - Family
1,200 PHP 3,600 PHP 20,000 PHP
MINIMUM AVERAGE MAXIMUM
$22 $64 $350
Internet and cable
390 PHP 780 PHP 1,000 PHP
MINIMUM AVERAGE MAXIMUM
$7 $14 $19
Mobile phone charges
310 PHP 520 PHP 1,600 PHP
MINIMUM AVERAGE MAXIMUM
$5.6 $9.3 $28

Leisure and activities costs


Movie ticket
200 PHP 260 PHP 390 PHP
MINIMUM AVERAGE MAXIMUM
$3.5 $4.7 $7
One month gym membership
630 PHP 780 PHP 1,600 PHP
MINIMUM AVERAGE MAXIMUM
$11 $14 $28

Cloths and accessories costs


Pair of jeans or pants
460 PHP 650 PHP 980 PHP
MINIMUM AVERAGE MAXIMUM
$8.2 $12 $17
Woman dress
440 PHP 600 PHP 2,000 PHP
MINIMUM AVERAGE MAXIMUM
$7.8 $11 $35
Woman shoes
410 PHP 560 PHP 1,300 PHP
MINIMUM AVERAGE MAXIMUM
$7.4 $10 $23
Men's shoes
360 PHP 440 PHP 870 PHP
MINIMUM AVERAGE MAXIMUM
$6.4 $7.8 $16
Men suit
390 PHP 490 PHP 2,600 PHP
MINIMUM AVERAGE MAXIMUM
$7 $8.7 $47
Regular t-shirt
200 PHP 260 PHP 780 PHP
MINIMUM AVERAGE MAXIMUM
$3.5 $4.7 $14

Housing costs / monthly rent


Studio apartment
6,500 PHP 9,800 PHP 26,000 PHP
MINIMUM AVERAGE MAXIMUM
$120 $170 $470
1-bedroom apartment
9,800 PHP 16,000 PHP 39,000 PHP
MINIMUM AVERAGE MAXIMUM
$170 $280 $700
2-bedroom apartment
13,000 PHP 20,000 PHP 52,000 PHP
MINIMUM AVERAGE MAXIMUM
$230 $350 $930

Housing costs / Buying


Studio apartment
1.3M PHP 2M PHP 3.9M PHP
MINIMUM AVERAGE MAXIMUM
$23,000 $35,000 $70,000
1-bedroom apartment
1.6M PHP 2.6M PHP 9.8M PHP
MINIMUM AVERAGE MAXIMUM
$28,000 $47,000 $170,000
2-bedroom apartment
2.6M PHP 7.8M PHP 16M PHP
MINIMUM AVERAGE MAXIMUM
$47,000 $140,000 $280,000

Furniture Costs


King Size Bed
7,800 PHP 9,800 PHP 13,000 PHP
MINIMUM AVERAGE MAXIMUM
$140 $170 $230
Double Bed
5,200 PHP 7,800 PHP 9,800 PHP
MINIMUM AVERAGE MAXIMUM
$93 $140 $170
Single Bed
4,600 PHP 6,000 PHP 7,800 PHP
MINIMUM AVERAGE MAXIMUM
$82 $110 $140
Living Room
8,700 PHP 11,000 PHP 39,000 PHP
MINIMUM AVERAGE MAXIMUM
$160 $200 $700
Dining Table
3,900 PHP 5,200 PHP 9,800 PHP
MINIMUM AVERAGE MAXIMUM
$70 $93 $170
Sofa or Couch
5,200 PHP 7,100 PHP 16,000 PHP
MINIMUM AVERAGE MAXIMUM
$93 $130 $280

Electronics and House Appliance Costs


TV Set
5,200 PHP 7,800 PHP 16,000 PHP
MINIMUM AVERAGE MAXIMUM
$93 $140 $280
Fridge or Freezer
4,600 PHP 7,100 PHP 9,800 PHP
MINIMUM AVERAGE MAXIMUM
$82 $130 $170
Washing Machine
6,000 PHP 8,700 PHP 16,000 PHP
MINIMUM AVERAGE MAXIMUM
$110 $160 $280
Stove or Cooker
5,600 PHP 7,100 PHP 9,800 PHP
MINIMUM AVERAGE MAXIMUM
$100 $130 $170
Mobile Phone
6,500 PHP 7,800 PHP 11,000 PHP
MINIMUM AVERAGE MAXIMUM
$120 $140 $200
Laptop or Computer
7,100 PHP 8,700 PHP 16,000 PHP
MINIMUM AVERAGE MAXIMUM
$130 $160 $280

Expenditure to Income Ratio in Valenzuela

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

89%

82% to 98%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%10%
60% - 70%16%
70% - 80%25%
80% - 90%19%
90% - 100%10%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%2%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Valenzuela is 89% This means that on average, people spend around 89% of their income for living. According to the distribution table, 16% 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
80%
Spending-Income-Ratio
73%
88%

Couple
84%
Spending-Income-Ratio
77%
93%

Family
93%
Spending-Income-Ratio
86%
100%

How do people spend their money in Valenzuela?

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 Expenditure24%

24% of total expenses on average (13% to 32%)

LOW$32   1,800 PHP
AVERAGE$410   23,000 PHP
HIGH$4,100   230,000 PHP
Per Month

People living in Valenzuela typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 23,000 PHP with expenditure ranging from 1,800 PHP to 230,000 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, Water7%

7% of total expenses on average (4% to 11%)

LOW$5.3   300 PHP
AVERAGE$69   3,900 PHP
HIGH$690   39,000 PHP
Per Month

Utility expenditure like electricity, water, and gas in Valenzuela ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 3,900 PHP with 300 PHP and 39,000 PHP being the upper and lower limits.

Transport, Fuel, Commute7%

7% of total expenses on average (3% to 11%)

LOW$11   590 PHP
AVERAGE$140   7,700 PHP
HIGH$1,400   77,000 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 590 PHP to 77,000 PHP on commuting with 7,700 PHP being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.

Food and Groceries Cost28%

28% of total expenses on average (20% to 34%)

LOW$27   1,500 PHP
AVERAGE$340   19,000 PHP
HIGH$3,400   190,000 PHP
Per Month

The average outlay on groceries in a month in Valenzuela is 19,000 PHP. The cost of groceries can range between 1,500 PHP to 190,000 PHP. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.

Healthcare and Medical Services10%

10% of total expenses on average (5% to 13%)

LOW$7.4   420 PHP
AVERAGE$96   5,400 PHP
HIGH$960   54,000 PHP
Per Month

People in Valenzuela allocate 5% to 13% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 10%. The range of medical expenses range from 420 PHP to 54,000 PHP with 5,400 PHP being the norm.

Leisure and Shopping5%

5% of total expenses on average (2% to 9%)

LOW$4.2   240 PHP
AVERAGE$55   3,100 PHP
HIGH$550   31,000 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 240 PHP to 31,000 PHP with 3,100 PHP being the average. Speaking of percentages, that equates to 2% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling5%

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

LOW$6.4   360 PHP
AVERAGE$83   4,600 PHP
HIGH$830   46,000 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 4,600 PHP per month with 360 PHP being the minimum spent amount and 46,000 PHP being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW$14   770 PHP
AVERAGE$180   10,000 PHP
HIGH$1,800   100,000 PHP
Per Month

How much money can you save in Valenzuela 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 Valenzuela manage to save money from their income every month?


Saving Money
60%
Not Saving
40%

Almost 60% of the surveyed people in Valenzuela said that they can save some money at the end of each month while 40% said that aren't saving anything.

Percentage of people saving money by population group in Valenzuela

GroupSaversNon Savers
Singles64%36%
Couples59%41%
Families53%47%

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

12% 20% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,900 PHP
$34		 25,000 PHP
$440		 250,000 PHP
$4,400
MINIMUM AVERAGE MAXIMUM

For most people, 12% to 32% of their monthly income is what they can allocate to their savings, with 20% being the average. The amount of money that people can save is approximately 25,000 PHP on average with savings ranging from 1,900 PHP to 250,000 PHP.

64% of surveyed singles reported some of their income going to savings while 59% of couples said the same. 53% of families confirmed their ability to save money.

How much money do people actually save in Valenzuela?

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

15% 24% of income 35%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

5,700 PHP
$100		 17,000 PHP
$310		 110,000 PHP
$2,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%31%
10% - 20%24%
20% - 30%16%
30% - 40%14%
40% - 50%11%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 15% to 35% of their monthly income to savings, with 24% being the average for most singles. The average amount of money that singles are able to save is 17,000 PHP with 5,700 PHP and 110,000 PHP being the minimum and maximum respectively.

Couples

Saving to Income Ratio

13% 22% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

9,500 PHP
$170		 28,000 PHP
$510		 150,000 PHP
$2,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%35%
10% - 20%26%
20% - 30%19%
30% - 40%9%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 13% to 33% of their monthly income, with 22% being the average for most couples. The average amount of money that couples can save is 28,000 PHP with 9,500 PHP and 150,000 PHP being the minimum and maximum respectively.

Families

Saving to Income Ratio

11% 19% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

13,000 PHP
$240		 38,000 PHP
$680		 210,000 PHP
$3,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%38%
10% - 20%29%
20% - 30%20%
30% - 40%6%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Families in Valenzuela can save anywhere between 11% to 30% of their monthly income, with 19% being the average for most families. The average amount of money that families can put aside is 38,000 PHP with 13,000 PHP and 210,000 PHP being the minimum and maximum respectively.

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 Valenzuela

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Valenzuela?


Yes
56%
No
44%

Around 56% of surveyed residents think that living in Valenzuela 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 Valenzuela

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 options59%

Few low-cost options42%


Based on the survey, 59% of the people living in Valenzuela 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

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 Valenzuela whether they have an emergency fund and the answers were as follows.

Yes54%

No46%


Based on the survey, 46% of the people living in Valenzuela 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 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 asked the 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 people in Valenzuela

In an attempt to understand the economic situation in Valenzuela, 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 Fund8%
Debt Reduction40%
Retirement Savings9%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses12%
Financial Independence6%

Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 40% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 8% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 12% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Valenzuela

Reasons that make it difficult for people to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans15%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation12%
Social Pressure3%
Market Instability2%

Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 15% of the residents said that they are burdened with debt and find it challenging to save money. 11% 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. 11% 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. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% 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. 12% 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 societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Valenzuela

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings19%
Real Estate9%
Investment5%
Stocks5%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Valenzuela

What does the retirement lifestyle look like in Valenzuela 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:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Valenzuela:
AgeAmount
25200,000 PHP
30410,000 PHP
35710,000 PHP
401M PHP
451.5M PHP
502.1M PHP
552.5M PHP
603.2M PHP
653.8M PHP

Retirement Income Distribution

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

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job13%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Valenzuela

13,000 PHP
$230		 39,000 PHP
$700		 260,000 PHP
$4,700
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Valenzuela


Percentage of people who are in debt


In Debt
31%
Debt Free
69%

According to the survey, 31% of the people in Valenzuela have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Valenzuela

Debt to income ratio

31%

23% to 41%

( 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 31% of the people's monthly income in Valenzuela goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%16%
40% - 50%14%
30% - 40%16%
20% - 30%12%
10% - 20%14%
0% - 10%26%

According to our data, 3% of the debtors in Valenzuela pay 60%+ of their income as debt settlement while 16% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 12% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Valenzuela

Debt% People
Real Estate Mortgage10%
Auto Loan17%
Student Loan4%
Credit Card28%
Personal Loan41%

10% of debtors in Valenzuela confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 17% of people and personal loans rose at 41%. Lastly, student loans are the main source of debt for 4% of debtors in Valenzuela.


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 Valenzuela

Besides measuring the loan-to-income ratio, we asked residents of Valenzuela 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
Never52%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%

Housing costs, accommodation, and housing affordability in Valenzuela

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


Rent Cost in Valenzuela

Monthly Rent Prices

Studio apartment
6,500 PHP 9,800 PHP 26,000 PHP
MINIMUM AVERAGE MAXIMUM
$120 $170 $470
1-bedroom apartment
9,800 PHP 16,000 PHP 39,000 PHP
MINIMUM AVERAGE MAXIMUM
$170 $280 $700
2-bedroom apartment
13,000 PHP 20,000 PHP 52,000 PHP
MINIMUM AVERAGE MAXIMUM
$230 $350 $930
3-bedroom apartment
16,000 PHP 26,000 PHP 71,000 PHP
MINIMUM AVERAGE MAXIMUM
$280 $470 $1,300
Furnished apartment
31,000 PHP 78,000 PHP 160,000 PHP
MINIMUM AVERAGE MAXIMUM
$560 $1,400 $2,800
Townhouse
26,000 PHP 39,000 PHP 110,000 PHP
MINIMUM AVERAGE MAXIMUM
$470 $700 $2,000
House
31,000 PHP 78,000 PHP 160,000 PHP
MINIMUM AVERAGE MAXIMUM
$560 $1,400 $2,800
Villa
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 Valenzuela 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 Valenzuela 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 Valenzuela

Cost of buying a property

Studio apartment
1.3M PHP 2M PHP 3.9M PHP
MINIMUM AVERAGE MAXIMUM
$23,000 $35,000 $70,000
1-bedroom apartment
1.6M PHP 2.6M PHP 9.8M PHP
MINIMUM AVERAGE MAXIMUM
$28,000 $47,000 $170,000
2-bedroom apartment
2.6M PHP 7.8M PHP 16M PHP
MINIMUM AVERAGE MAXIMUM
$47,000 $140,000 $280,000
3-bedroom apartment
8.7M PHP 13M PHP 39M PHP
MINIMUM AVERAGE MAXIMUM
$160,000 $230,000 $700,000
Townhouse
11M PHP 26M PHP 98M PHP
MINIMUM AVERAGE MAXIMUM
$200,000 $470,000 $1.7M
House
13M PHP 78M PHP 110M PHP
MINIMUM AVERAGE MAXIMUM
$230,000 $1.4M $2M
Villa
16M PHP 87M PHP 130M PHP
MINIMUM AVERAGE MAXIMUM
$280,000 $1.6M $2.3M

The average price of a studio apartment in Valenzuela 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.


If you're leasing or purchasing, housing costs in Valenzuela 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


38 x108 monthly income 211
MINIMUM AVERAGE MAXIMUM

Property prices in Valenzuela 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 Valenzuela.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 31% of income 42%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Valenzuela 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.


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
29%

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
2.1%
AVERAGE
3.1%
TO
4.2%

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.


120 PHP 1,500 PHP 15,000 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.


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

Housing30%

30% of total expenses on average (18% to 42%)

LOW$110   6,400 PHP
AVERAGE$340   19,000 PHP
HIGH$2,300   130,000 PHP
Per Month

Utilities, Electricity, Water8%

8% of total expenses on average (4% to 13%)

LOW$19   1,100 PHP
AVERAGE$57   3,200 PHP
HIGH$380   21,000 PHP
Per Month

Transport, Fuel5%

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

LOW$25   1,400 PHP
AVERAGE$76   4,300 PHP
HIGH$510   29,000 PHP
Per Month

Food and Groceries19%

19% of total expenses on average (13% to 24%)

LOW$51   2,900 PHP
AVERAGE$150   8,600 PHP
HIGH$1,000   57,000 PHP
Per Month

Healthcare12%

12% of total expenses on average (6% to 16%)

LOW$29   1,600 PHP
AVERAGE$86   4,800 PHP
HIGH$570   32,000 PHP
Per Month

Leisure, Shopping3%

3% of total expenses on average (2% to 6%)

LOW$16   890 PHP
AVERAGE$48   2,700 PHP
HIGH$320   18,000 PHP
Per Month

Education1%

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

LOW$6.4   360 PHP
AVERAGE$19   1,100 PHP
HIGH$130   7,100 PHP
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$57   3,200 PHP
AVERAGE$170   9,600 PHP
HIGH$1,100   64,000 PHP
Per Month


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

Housing27%

27% of total expenses on average (20% to 37%)

LOW$170   9,800 PHP
AVERAGE$520   29,000 PHP
HIGH$2,800   160,000 PHP
Per Month

Utilities, Electricity, Water7%

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

LOW$27   1,500 PHP
AVERAGE$80   4,500 PHP
HIGH$420   24,000 PHP
Per Month

Transport, Fuel9%

9% of total expenses on average (3% to 14%)

LOW$64   3,600 PHP
AVERAGE$190   11,000 PHP
HIGH$1,000   57,000 PHP
Per Month

Food and Groceries17%

17% of total expenses on average (12% to 22%)

LOW$74   4,200 PHP
AVERAGE$220   12,000 PHP
HIGH$1,200   67,000 PHP
Per Month

Healthcare14%

14% of total expenses on average (8% to 18%)

LOW$58   3,300 PHP
AVERAGE$170   9,800 PHP
HIGH$930   52,000 PHP
Per Month

Leisure, Shopping4%

4% of total expenses on average (1% to 7%)

LOW$32   1,800 PHP
AVERAGE$95   5,300 PHP
HIGH$510   29,000 PHP
Per Month

Education1%

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

LOW$11   590 PHP
AVERAGE$32   1,800 PHP
HIGH$170   9,500 PHP
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$90   5,000 PHP
AVERAGE$270   15,000 PHP
HIGH$1,400   81,000 PHP
Per Month


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

Housing26%

26% of total expenses on average (21% to 36%)

LOW$240   13,000 PHP
AVERAGE$680   38,000 PHP
HIGH$3,700   210,000 PHP
Per Month

Transport, Fuel5%

5% of total expenses on average (3% to 7%)

LOW$59   3,300 PHP
AVERAGE$170   9,500 PHP
HIGH$930   52,000 PHP
Per Month

Food and Groceries21%

21% of total expenses on average (14% to 27%)

LOW$130   7,500 PHP
AVERAGE$380   21,000 PHP
HIGH$2,100   120,000 PHP
Per Month

Healthcare11%

11% of total expenses on average (7% to 16%)

LOW$59   3,300 PHP
AVERAGE$170   9,500 PHP
HIGH$930   52,000 PHP
Per Month

Leisure, Shopping3%

3% of total expenses on average (1% to 7%)

LOW$37   2,100 PHP
AVERAGE$110   5,900 PHP
HIGH$580   33,000 PHP
Per Month

Education13%

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

LOW$100   5,800 PHP
AVERAGE$300   17,000 PHP
HIGH$1,600   91,000 PHP
Per Month

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW$89   5,000 PHP
AVERAGE$250   14,000 PHP
HIGH$1,400   78,000 PHP
Per Month


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

Housing18%

18% of total expenses on average (13% to 24%)

LOW$60   3,400 PHP
AVERAGE$150   8,500 PHP
HIGH$270   15,000 PHP
Per Month

Utilities, Electricity, Water6%

6% of total expenses on average (4% to 10%)

LOW$10   560 PHP
AVERAGE$25   1,400 PHP
HIGH$45   2,500 PHP
Per Month

Transport, Fuel4%

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

LOW$18   990 PHP
AVERAGE$44   2,500 PHP
HIGH$79   4,400 PHP
Per Month

Food and Groceries23%

23% of total expenses on average (17% to 27%)

LOW$50   2,800 PHP
AVERAGE$130   7,100 PHP
HIGH$230   13,000 PHP
Per Month

Healthcare9%

9% of total expenses on average (6% to 12%)

LOW$15   850 PHP
AVERAGE$38   2,100 PHP
HIGH$68   3,800 PHP
Per Month

Leisure, Shopping3%

3% of total expenses on average (2% to 7%)

LOW$13   710 PHP
AVERAGE$31   1,800 PHP
HIGH$57   3,200 PHP
Per Month

Education18%

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

LOW$48   2,700 PHP
AVERAGE$120   6,700 PHP
HIGH$220   12,000 PHP
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW$38   2,100 PHP
AVERAGE$94   5,300 PHP
HIGH$170   9,500 PHP
Per Month
Philippines»Valenzuela
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