Cost of Living in Makati

Summary about cost of living in Makati, Philippines:

Restaurants
[ Edit ] Range
Meal, Inexpensive Restaurant 200.00 ₱ 150.00-300.00
Meal for 2 People, Mid-range Restaurant, Three-course 1,300.00 ₱ 1,000.00-1,800.00
McMeal at McDonalds (or Equivalent Combo Meal) 165.00 ₱ 150.00-202.00
Domestic Beer (1 pint draught) 70.00 ₱ 50.00-150.00
Imported Beer (12 oz small bottle) 100.00 ₱ 90.00-200.00
Cappuccino (regular) 135.00 ₱ 80.00-195.00
Coke/Pepsi (12 oz small bottle) 53.67 ₱ 36.00-80.00
Water (12 oz small bottle) 24.17 ₱ 15.00-40.00
Markets
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Milk (regular), (1 gallon) 402.30 ₱ 302.83-454.25
Loaf of Fresh White Bread (1 lb) 90.86 ₱ 36.29-136.08
Rice (white), (1 lb) 30.62 ₱ 22.68-45.36
Eggs (regular) (12) 136.25 ₱ 84.00-150.00
Local Cheese (1 lb) 234.66 ₱ 90.72-362.87
Chicken Fillets (1 lb) 124.20 ₱ 81.65-158.76
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 202.83 ₱ 113.40-226.80
Apples (1 lb) 98.39 ₱ 54.43-136.08
Banana (1 lb) 66.17 ₱ 40.82-96.16
Oranges (1 lb) 126.77 ₱ 68.04-158.76
Tomato (1 lb) 79.53 ₱ 45.36-113.40
Potato (1 lb) 82.12 ₱ 54.43-90.72
Onion (1 lb) 51.48 ₱ 34.02-90.72
Lettuce (1 head) 186.01 ₱ 80.00-250.00
Water (1.5 liter bottle) 57.41 ₱ 35.00-78.00
Bottle of Wine (Mid-Range) 1,000.00 ₱ 400.00-1,005.31
Domestic Beer (0.5 liter bottle) 72.88 ₱ 35.00-90.91
Imported Beer (12 oz small bottle) 90.13 ₱ 80.00-100.00
Cigarettes 20 Pack (Marlboro) 105.80 ₱ 100.00-125.00
Transportation
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One-way Ticket (Local Transport) 15.00 ₱ 12.00-24.00
Monthly Pass (Regular Price) 626.09 ₱ 300.00-1,500.00
Taxi Start (Normal Tariff) 40.00 ₱ 40.00-50.00
Taxi 1 mile (Normal Tariff) 40.23 ₱ 20.92-64.37
Taxi 1hour Waiting (Normal Tariff) 135.00 ₱ 100.00-300.00
Gasoline (1 gallon) 194.74 ₱ 151.42-227.12
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,350,000.00 ₱ 1,350,000.00-1,350,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 1,297,750.00 ₱ 1,070,000.00-1,490,000.00
Utilities (Monthly)
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Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 8,190.36 ₱ 5,000.00-12,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 6.14 ₱ 5.00-7.50
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 2,788.50 ₱ 1,500.00-5,000.00
Sports And Leisure
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Fitness Club, Monthly Fee for 1 Adult 3,222.22 ₱ 1,667.00-5,000.00
Tennis Court Rent (1 Hour on Weekend) 450.00 ₱ 150.00-700.00
Cinema, International Release, 1 Seat 325.00 ₱ 280.00-400.00
Childcare
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Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 21,666.67 ₱ 10,000.00-35,000.00
International Primary School, Yearly for 1 Child 466,666.67 ₱ 300,000.00-600,000.00
Clothing And Shoes
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1 Pair of Jeans (Levis 501 Or Similar) 2,533.33 ₱ 1,000.00-3,500.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 2,133.33 ₱ 1,000.00-3,000.00
1 Pair of Nike Running Shoes (Mid-Range) 4,857.14 ₱ 3,000.00-6,500.00
1 Pair of Men Leather Business Shoes 4,000.00 ₱ 2,000.00-10,000.00
Rent Per Month
[ Edit ]
Apartment (1 bedroom) in City Centre 37,311.82 ₱ 25,000.00-60,000.00
Apartment (1 bedroom) Outside of Centre 17,879.47 ₱ 10,000.00-30,000.00
Apartment (3 bedrooms) in City Centre 93,736.01 ₱ 50,000.00-150,000.00
Apartment (3 bedrooms) Outside of Centre 44,149.00 ₱ 20,000.00-70,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 20,383.82 ₱ 18,580.45-23,225.57
Price per Square Feet to Buy Apartment Outside of Centre 11,496.66 ₱ 11,148.27-13,935.34
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 35,000.00 ₱
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate ?

Prices in Makati

This city had 443 entries in the past 12 months by 57 different contributors.
Last update: November 2020
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9 Comments so far
Anonymous on Jan 14, 2019:
Is these true?
Very expensive, can i live with an apartment atleast 5k per mo.in this place?
Haru on Jan 05, 2019:
I'm kind of confused: when I look up the average salary for a software engineer (that's my job), then the average salary per year is something around 420k php, which is around 40k per month. When I look at this overview here, the rent for a cheap appartment alone is already 20k and 40k for a bigger one. How would one even survive, if the salary is so low? Am I missing something?
Noam on Aug 13, 2018:
I am planning to move to Makati or BGC next year and I would like to consule with someone who lives there for quite a while. In addition, if there are free lancers real estate agents (not an Avida, Dmci, SMDC etc. workers) that can shade some information about investing in local property I would like help.
My email is Noamgavizon@gmail.com

Questions I got a clue about but I am not 100% sure yet are:
1. Cost of high quality living for 1 person ( without rent, high quality means, let't say, 8 out of 10)
is it about 40k php?
2. Monthly cost of Maid (full time job)
3. Possible annual return (in %) of property value which is estimated at Makati when you rent away a condo
( how many years it will take me to get back the entire value of the condo I own if I rent it for long time rents).
* Did I do good homework? A 38-42 sq.m condo in a good condominium with a pool, a gym and etc. will cost 7-8m php and can be rented for 40k php.
4. What is the cheapest market at Makati to buy FRESH grocery such as vegetables, fruits, sea food, meat or chicken?

I got several more questions but this is for now.
I will thank you for any help!
You can contact me at my Email
Noamgavizon@gmail.com
Peace.
Yon on Jul 12, 2018:
Hello can someone tell me what's an average cost of water/electricity bill(in general utilities) for a 20-26 m2 studio in jazz residences or knightsbridge residences in makati? I tried to search it by my own but differences are huge, one person says 1600 php while the other states that 5000 is minimum for such a studio I will be staying in the studio for aprox. 3h and they sleep and go at 8 am to work so most of time studio will be empty.
Abby on Aug 03, 2017:
Any idea of the rent for 1BR or studio in BGC?
Paul Lamb on Aug 02, 2017:
Very unrealistic prices you are quoting and I have lived here for 4 years as an expat. Makati has a diverse population spread wide. If safety is a priority then you will need to pay far more than what has been quoted.
Teresa on Jun 01, 2017:
@Don - for P80k per month, that can get you a very comfy and classy place - at the least a 1BR furnished unit in a central location of Makati (ie Greenbelt, Legazpi Village). I'm a landlady - and I typically ask for 2 months' worth of security deposit, and post dated cheques for the one year term, ie 12 cheques that will be due for each month. I haven't encountered landlords asking for a year in advance, but it is typical to ask for a month's advance rent.

If you require for a receipt of the rent, assuming you need to expense it w your company, the landlords will pass the cost of VAT (12%) to you. So the rent will increase by 12%, on top of the advertised rate.
Don on Apr 12, 2017:
About P80,000/mo. Is that comfortable living in Makati? 1 person and studio in nice building?
Anonymous on Mar 27, 2017:
The big thing about Philippines cost of living because I live here as an expat is you must pay 4 months security deposit PLUS one full year of rent in advance.

You can find cheaper places on internet but the big problem here is people advertise lower and when you apply the price is always ,50% more.

This happens to locals wanting to live in Makati.

Also most of manila is slums.

Makati is a foreign enclave where you can live but there is no parks gardens or recreation.

Europe has that.

You need to include on your site about rental bonds and deposits.

That makes Makati more expensive again.