Metro Manila Cost of Living Remains Stable

Living in the Philippine’s Capital Region

Metro Manila ranks third in the list of the most expensive Southeast Asian (SEA) cities to live in, next to Singapore and Bangkok. This is from a report published by data aggregator iPrice Group in 2021 who also revealed that the estimated cost of living as a resident in Metro Manila reaches up to P50,800 per month for a single individual. This is a devastating amount compared to the estimated average salary being received by common laborers in the region which is only P18,900 per month — one of the lowest among SEA cities.

Price Movements during the Pandemic

Fortunately, even with the economic crisis happening all over the world because of the pandemic, price changesin basic commodities have balanced out which made the Metro Manila cost of living to remain stable as reported at the end of 2021.

Balancing Income and the Prices of Basic Commodities

To put it simply, Metro Manila cost of living shows the estimated amount of resources needed to pay for necessary expenses by an individual in order to sustain a certain standard of living in the capital region. The estimate is being computed by analysts by taking into account the prices of basic commodities such as, but not limited to, food, drink, housing, education, healthcare, gas or transportation, utilities, and other indispensable household expenses. Some estimates include a little luxury by adding allowances to be used for recreation and entertainment.

Food

According to MUFG Global Markets Research, Philippines is one of the countries in Asia that has a fast food price increase with an estimate of by 8.2% hike from July 2020 to January 2022. The Food and Agriculture Organization (FAO) of the United Nations observed a food price index of 45% within the same period.

Transportation and Utilities

Even without the ongoing fuel supply crisis in the world at present time, high cost of gas and transportation has always been a heavy burden for the Filipinos especially for the people living in the metro. Commuting in the Philippines is an unpleasant task since public transportation is not sufficient and efficient enough to serve the huge population of commuters everyday — even before the pandemic.

Education

Healthcare

Healthcare is a challenge in the Philippines. The country’s healthcare system is heavily dependent on private providers. It has been reported that 30% of Filipinos access private healthcare facilities since about 60% of it are privately owned.

Housing

One of the basic necessities that take up a huge chunk of one’s monthly income is housing. Whether an individual is renting, buying, or maintaining a home, the bottomline is that housing is expensive.

A Better Alternative: Living in Suburban Communities

The bottomline is, living in an urban city is more expensive than in rural areas. However, there is a need to have easy access to the metro because of the vast opportunities it offers. So, here is an alternative: suburban communities.

What Brittany Offers

Brittany Corporation is known for developing luxury themed communities in stunning suburban locations such as Tagaytay, Santa Rosa, Alabang, and Sucat. Each of these communities is inspired by world-class travel destinations with amenities and features that complete the top-tier luxury living experience.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Brittany Corp

Brittany Corp

Developer of luxury homes in the Philippines