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Cost of Living in Makati
Summary about cost of living in Makati:
- Four-person family monthly costs: 2,324.26$ (123,871.49₱) without rent (using our estimator).
- A single person monthly costs: 662.48$ (35,306.76₱) without rent.
- Cost of living rank 314th out of 533 cities in the world.
- Makati has a cost of living index of 51.55.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 250.00 ₱ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 1,000.00 ₱ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 165.00 ₱ | |
| Domestic Beer (1 pint draught) | 50.00 ₱ | |
| Imported Beer (11.2 oz small bottle) | 103.48 ₱ | |
| Cappuccino (regular) | 120.14 ₱ | |
| Coke/Pepsi (11.2 oz small bottle) | 37.21 ₱ | |
| Water (11.2 oz small bottle) | 21.94 ₱ | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 292.99 ₱ | |
| Loaf of Fresh White Bread (1 lb) | 59.27 ₱ | |
| Rice (white), (1 lb) | 22.06 ₱ | |
| Eggs (regular) (12) | 82.86 ₱ | |
| Local Cheese (1 lb) | 680.39 ₱ | |
| Chicken Breasts (Boneless, Skinless), (1 lb) | 87.54 ₱ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 132.30 ₱ | |
| Apples (1 lb) | 80.74 ₱ | |
| Banana (1 lb) | 46.27 ₱ | |
| Oranges (1 lb) | 90.72 ₱ | |
| Tomato (1 lb) | 75.60 ₱ | |
| Potato (1 lb) | 69.55 ₱ | |
| Onion (1 lb) | 45.36 ₱ | |
| Lettuce (1 head) | 65.00 ₱ | |
| Water (1.5 liter bottle) | 40.00 ₱ | |
| Bottle of Wine (Mid-Range) | 400.00 ₱ | |
| Domestic Beer (0.5 liter bottle) | 42.00 ₱ | |
| Imported Beer (11.2 oz small bottle) | 100.00 ₱ | |
| Cigarettes 20 Pack (Marlboro) | 85.00 ₱ | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 12.00 ₱ | |
| Monthly Pass (Regular Price) | 480.00 ₱ | |
| Taxi Start (Normal Tariff) | 40.00 ₱ | |
| Taxi 1 mile (Normal Tariff) | 21.73 ₱ | |
| Taxi 1hour Waiting (Normal Tariff) | 120.00 ₱ | |
| Gasoline (1 gallon) | 179.26 ₱ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 1,350,000.00 ₱ | |
| Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) | 1,177,571.43 ₱ | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 6,836.11 ₱ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 8.90 ₱ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 2,521.11 ₱ | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 3,662.50 ₱ | |
| Tennis Court Rent (1 Hour on Weekend) | 362.50 ₱ | |
| Cinema, International Release, 1 Seat | 280.00 ₱ | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 19,722.22 ₱ | |
| International Primary School, Yearly for 1 Child | 433,333.33 ₱ | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 2,666.67 ₱ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 2,000.00 ₱ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 4,722.22 ₱ | |
| 1 Pair of Men Leather Business Shoes | 5,198.57 ₱ | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 36,707.01 ₱ | |
| Apartment (1 bedroom) Outside of Centre | 17,666.67 ₱ | |
| Apartment (3 bedrooms) in City Centre | 100,285.71 ₱ | |
| Apartment (3 bedrooms) Outside of Centre | 27,500.00 ₱ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 14,399.85 ₱ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 7,526.81 ₱ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 37,182.18 ₱ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.00 |
Prices in Makati
These data are based on 647 entries in the past 18 months from 83 different contributors.
Last update: August 2018
Last update: August 2018
Sources and References:
No sources and references provided yet.
No sources and references provided yet.
13 Comments so far
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.
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.
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.
It says monthly expenses for for four person family at 2,765.06A$ (96,968.40₱) (without rent).
Has any allowance been made for education for children/ teenagers, that could be a significant portion of cost of living.
Does anyone know whether I should add this to the cost or is it included.
In the city center of makati about 7000usd per sqm . And rental 700_800usd for one bed room condominium. Well its cheaper than EU or US. But not very cheap if you living in Philippines something you spend more...