Based on our experience we can point out some costs that could give an idea of what it means to keep a Philippine island. Regardless of the cost of housing, our family (3 adults), without great pretensions, is maintained at a cost of 300/400 € (400/550 USD) per month. See also the post “The cost of living“.
We repeat that costs are to live in an island, tourism is still at the beginnig! If you move to Manila, for example, found a much expensive prices more similar to “European”. Of course, the island life does not include entertainment such as disco, pub or luxurious restaurant (apart from Boracay Island) but is healthy, relaxing and satisfying to the spirit.
The equatorial Nature, the clear blue Sea and the temperature constant throughout the year make it paradise.