Many of those who contact me asking me the same question, ” how much it costs to live there? “. Dear gentlemen, do you think it is a simple thing to give a satisfactory answer for each of you? The main problem is to identify what is important to you. I want to say that the cost of living is the most subjective exists. What is fundamental for me it is not for another and vice versa. I just want to try to provide some data that you may all easily compare and then make you an idea.
Today (02/09/2014) the official exchange rate is as follows:
USD = 45,05php CAD = 40,82php AUD = 40,36php CNY = 7,43php EUR = 61,42php JPY = 0,44php NOK = 7,29php GBP = 73,93php RUB = 1,29php SEK = 6,94php TWD = 1,48php KRW = 0,042php CHF = 50,17php
Let’s start with some basics:
- electricity is one of the most expensive things on the islands : 1Kw is 13.5 php;
- cooking gas you buy in 11kg tank ( net weight ) has a cost of 950php (for your reference I tell you that we are in 3 and eat everyday at home and 1 tank is enough for 40 days);
- the cost of the house is very variable, both in buying or rent, because it depends on a lot of conditions. I’ll just say that you can find a home for all budgets knowing how to adapt;
- a liter of gasoline 63php and diesel 51php;
- the cost of a car is an average of 25/30% lower than the European;
- the cost of a motorbike of 125cc is approximately 50.000php.
Moving on to the food:
tuna fish 1kg is 100php, 1 kg of chicken (farmyard) 150php, 1 kg of pork 160php, 1 kg of rice
40php, 5php 2 bananas, 1 egg 5php, 1 kg of potatoes 50php, 75php a liter of milk.
a pack of Marlboros 55php, a beer 33ml 40php.
This short list has just to give an idea, though incomplete and superficial. These are the costs of TODAY in the island where I live. Consider that if you are thinking relocating in a year the things at that date could be very different: this is a fast growing country and contrary Europe inflation exists and could bring some surprises!