Prices in the Philippines. The Philippines often make the list of the cheapest places to live. If you do an online search, you’re sure to find countless articles entitled something like “Countries where 800 Euros per Month will Allow you Live Like a King”, where the Philippines will be discussed in great detail. Here we’ll make a quick overview of the prices for basic services and food you can expect in the Philippines.
At first, however, it’s important to note that the Philippines are comprised of over 7,000 islands, which means that some variation in prices is pretty much inevitable. We live on the islands of Panglao, Bohol Islands (connected to each other by a bridge), so consider those as our point of reference when talking about prices. Since both of these islands are highly popular with tourists, prices can be a little higher than elsewhere.
Livelihood in the Philippines by region
Also, keep in mind that prices for goods in markets will be slightly different dependent on whether you’re a local or a tourist. As far as most people are concerned, however, after three months of living here, we can pass for locals without much difficulty. For this reason, we hope that the prices we get are fairly close to regular – at least in most of the places where people know us.
As we’ve written in the past, prices for renting a house in the Philippines start at around 300 euros. Needless to say, the exact price will greatly depend on the location and the size of the apartment. For the above price, you won’t get a place close to the sea, but it will probably still be located in a beautiful, cozy area. Prices for accommodation closer to tourist destinations, the sea, or with breathtaking panoramas start at around 400 euros.
Our family paid 500 euros in total, plus electricity bills. The place was at a tranquil location, with a large terrace and a view of the nearby sea. For comparison, in Lithuania, cottages of comparable size go for several hundred euros more. Also, keep in mind that, in Lithuania, you also have to pay quite a bit for heating, housing administration, and garbage collection – none of which apply in the Philippines.
Food Prices in the Philippines
Here are some prices for food and other consumer goods/services for comparison:
|Product / service||In the Philippines (price in euro)||In Lithuania (price in euros)|
|Banana 1 kg||0,9||1,05|
|Potatoes 1 kg||2,2||0,99|
|Rice 1 kg||0,8||2,3|
|Whole grain bread||1,3||1,2|
|butter 200 g||1,87||2,09|
|Tomatoes 1 kg||1||1,29|
|Mango 1 kg||1,8||5|
|Avocados 1 kg||2,2||7,5|
|Eggplant 1 kg||2||5|
|Fresh tuna 1 kg||4||23|
|Fuel (petrol) 1 l||1||1,15|
|Private school price per month||55||550|
|Car warranty service||80||400|
|The internet 100 GB||25||8,9|
It should be noted that, in the Philippines, foods like cheese, butter, and milk are imported from abroad, which makes them more expensive due to large import taxes. And yet, the prices are very similar to those back home, even though Lithuanians don’t import them.
Livelihood in the Philippines
The prices of most consumer goods in the Philippines are very similar to those you’d get in Lithuania. That being said, here are a few observations we’ve made after living here for about a year and a half:
✔ whether it’s because of the lesser variety in stores or something else, but we spend quite a bit less shopping here than we did in Lithuania;
✔ in the Philippines, there are no heating, housing administration, and other similar costs which eat up a significant part of a family’s monthly budget in Lithuania;
✔ all services cost several times less than in Lithuania;
✔ since the distances here are fairly small, and the most common means of transportation are scooters, fuel expenses are also several times smaller as compared to what they were in Lithuania;
✔ when comparing the cost of children’s education you quickly come to realize that the amount of money you save would be enough to live on in the Philippines (with two children). Although to be fair, we do have state-funded education in Lithuania, so that wouldn’t cost anything at all.
So, to sum up, if you have the option of working remotely and want to enjoy summer year-round, or bask in the glory of the sea, white sandy beaches, stunning panoramas, exotic fruits, and the friendliest people in the world, or just want to take a break from civilization and your fast-paced life – come to the Bohol, Panglao Islands in the Philippines!