The cost of living in the Philippines is comparatively cheaper than any other country in the world. But you may not know the actual price that you have to pay for each and every item.
To understand the true cost of living in the Philippines, we have listed the following factors which will help you to determine the exact price of the items you are buying.
1. Airfare
The first and foremost factor that will determine the actual cost of living in the Philippines is the airfare. The flight tickets are cheap and affordable, but the fare of the airline also varies according to the season.
2. Accommodation
Accommodation is another important factor that determines the price of the items that you are buying. Accommodation in the Philippines is expensive because of the high demand of the rooms. It is also quite difficult to find cheap accommodation especially if you are traveling to a distant city.
3. Low Cost of Living
One of the biggest advantages of the Philippines is cost to live comfortably in the Philippines. You can buy a very cheap house in the Philippines because there is no real estate bubble in the Philippines.
The prices of houses in the Philippines are very high, but it is still affordable. In comparison, the prices of houses in Hong Kong, Singapore, Japan, and China are quite expensive.
4. Transportation
The third factor that will determine the actual cost of living in the Philippines is the transportation. The transportation facilities in the Philippines are not very good. Most of the people use the public transport and the buses are also expensive.
5. Food and drinks
The fourth factor is the food and drinks. If you are a vegetarian or vegan, then you need to know the price of your meals. If you are going to a restaurant for dinner, then you will find the prices of the meals are higher than the usual.
6. Entertainment
The fifth factor is the entertainment. There are many ways to entertain yourself in the Philippines. If you want to spend your time with your family or friends, then you will find the cost of entertainment is less. But if you want to spend time alone, then you will have to pay a hefty amount for entertainment.
7. Clothes and accessories
The sixth factor is the clothes and accessories. You will find that the prices of the clothes and accessories are quite expensive. The fashion in the Philippines is quite outdated and the prices of the clothes are quite high.
8. Health Care
The seventh and last factor is the health care. If you are visiting the Philippines, then you will find the health care is not good. Many people have their health issues which needs to be treated. So, you will find that the prices of the health care are quite high.
9. Many Opportunities
If you are thinking that you will have a hard time finding a job in the Philippines, then you are wrong. There are so many jobs that are available in the Philippines which are perfect for your skill set.
If you are a qualified nurse, then there is a high chance that you will get a good job in the Philippines. There are also a lot of opportunities for students and graduates.
10. High Return on Investment
One of the most important reasons why you should invest in the Philippines is the return on investment.
The returns on investment in the Philippines are much higher than the returns on investments in other countries. This means that you will earn more money in the Philippines than in any other country.
In the above list, we have explained about the cost of living in the Philippines. So, if you are planning to visit the Philippines, then you will have to prepare a budget for your stay. Pick art
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