Are you considering a move to Makati, Philippines, and wondering about the cost of living? Makati is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Makati and help you understand whether $1562 per month is moderately priced, given the average monthly salary of $735.96.
|
Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
4.52 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
36.14 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
4.07 $ |
|
|
Domestic Beer (1 pint draught) |
1.81 $ |
|
|
Imported Beer (12 oz small bottle) |
3.61 $ |
|
|
Cappuccino (regular) |
2.73 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
0.9 $ |
|
|
Water (12 oz small bottle) |
0.56 $ |
|
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
1.75 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
1.31 $ |
|
|
Rice (white), (1 lb) |
1.02 $ |
|
|
Eggs (regular) (12) |
1.94 $ |
|
|
Local Cheese (1 lb) |
8.12 $ |
|
|
Chicken Fillets (1 lb) |
4.18 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.1 $ |
|
|
Apples (1 lb) |
4.64 $ |
|
|
Banana (1 lb) |
1.87 $ |
|
|
Oranges (1 lb) |
2.48 $ |
|
|
Tomato (1 lb) |
2.02 $ |
|
|
Potato (1 lb) |
3.14 $ |
|
|
Onion (1 lb) |
3.37 $ |
|
|
Lettuce (1 head) |
1.23 $ |
|
|
Water (1.5 liter bottle) |
0.74 $ |
|
|
Bottle of Wine (Mid-Range) |
10.84 $ |
|
|
Domestic Beer (0.5 liter bottle) |
1.2 $ |
|
|
Imported Beer (12 oz small bottle) |
2.39 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
2.62 $ |
|
|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
0.32 $ |
|
|
Monthly Pass (Regular Price) |
10.53 $ |
|
|
Taxi Start (Normal Tariff) |
0.86 $ |
|
|
Taxi 1 mile (Normal Tariff) |
0.24 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
2.71 $ |
|
|
Gasoline (1 gallon) |
1.28 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
43367.48 $ |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20479.09 $ |
|
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
98.42 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
-- |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
38.84 $ |
|
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
55.41 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
5.87 $ |
|
|
Cinema, International Release, 1 Seat |
6.78 $ |
|
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
256.99 $ |
|
|
International Primary School, Yearly for 1 Child |
9637.22 $ |
|
|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
29.36 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
21.08 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
83.12 $ |
|
|
1 Pair of Men Leather Business Shoes |
112.94 $ |
|
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
564.33 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
327.51 $ |
|
|
Apartment (3 bedrooms) in City Centre |
2361.98 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
1412.31 $ |
|
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
4743.32 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
2168.37 $ |
|
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
735.96 $ |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
6.67 % |
|
The monthly expenses for living in Makati come to a total of approximately $1562. This includes an average monthly rent of around $564 for a one-bedroom apartment in the city center, along with utilities costing about $117 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $495 per month.
Living in Makati appears to be relatively budget-friendly when considering the average monthly income of $735.96. However, to enjoy a comfortable standard of living in Makati, you would likely need an income exceeding $735.96.
In Makati, the average monthly post-tax salary hovers around $735.96, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Makati is approximately $564. If you're open to living in a location outside the city center, you can expect to pay around $327.51 for such an apartment.
The expense for groceries in Makati can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $441 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in Philippines can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout Philippines.
The criminal activity in Makati has increased greatly during the past couple of years, and though it's still a popular tourist destination, it has many dangers and is ridden with crime. You should be aware that tourist hotspots are places where most thefts and pickpocketing occur, and that violent crime exists, too.
Transport is not the safest and the most reliable in Makati. Count on taxi drivers trying to rip you off, extremely annoying traffic jams that Makati is notorious for, intolerant and reckless drivers, roads being inaccessible due to flooding and taxi drivers working without meters.
Because this is a city filled with rich people and tourists, many pickpockets are operating around the popular tourist hotspots and the level of petty crime is relatively high.
Makati City is exposed to many natural hazards typical for the areas of the Philippines such as earthquakes, typhoons, and floods.
While petty crime is lacking, violent crime exists in Makati. Assaults, robberies, and kidnappings are extremely common all over the islands but most don't affect the foreigners.
There have, recently, been terrorist acts in Makati, so there is a heightened risk of one happening again. It is best to remain vigilant at all times.
Always carry small bills with you. Vendors will try and make you buy more things by saying they have no change for large bills. Apart from that, be wary of people lurking around ATMs or anyone trying to distract you. Taxi drivers might try to trick you into paying more, giving you wrongful information about the price of the ride.
It is advised that women avoid walking alone after dark. Apply all precaution measures at all times and avoid dark and empty streets and locations. If you avoid these situations, it's mostly safe in Makati for women.
U.S. residents do not need a visa for any stays in Makati shorter than 90 days. All other nationals will need to acquire a visa to enter the Philippines. If you are not sure about your visa status, you should visit your local Philippine embassy.
The Philippine peso is the official currency of Makati. Tourists are advised to exchange their money at the official establishments such as the Bank of the Philippine Islands or Banco De Oro.
The climate in Makati is tropical, with the hottest season lasting from March to May. The rainy season lasts from June to October and during this season you can expect strong typhoons. The coolest months are from November to February,
Makati doesn't have its airport, and the closest one to this city is the Ninoy Aquino International Airport, formerly known and still referred to as Manila International Airport. It is located along the border between Pasay and Parañaque, about 7 km south of Manila.
Just like anywhere else, we advise getting travel insurance when traveling to Makati, because it would cover not only medical problems but also theft and loss of valuables.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 86°F | 87°F | 90°F | 93°F | 92°F | 90°F | 88°F | 87°F | 87°F | 87°F | 87°F | 86°F |
| Temp | 79°F | 80°F | 82°F | 85°F | 85°F | 83°F | 82°F | 81°F | 82°F | 82°F | 81°F | 80°F |
| Low | 73°F | 74°F | 76°F | 78°F | 79°F | 78°F | 77°F | 77°F | 77°F | 77°F | 76°F | 74°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 30°C | 30°C | 32°C | 33°C | 33°C | 32°C | 31°C | 30°C | 30°C | 30°C | 30°C | 30°C |
| Temp | 26°C | 26°C | 27°C | 29°C | 29°C | 28°C | 27°C | 27°C | 27°C | 27°C | 27°C | 26°C |
| Low | 22°C | 23°C | 24°C | 25°C | 26°C | 25°C | 25°C | 25°C | 25°C | 25°C | 24°C | 23°C |