Cost of living in Bacolod
Bacolod, known as the 'City of Smiles', is a vibrant city in the Philippines. Understanding the cost of living here is crucial for both residents and newcomers.
This guide provides a detailed breakdown of expenses in Bacolod, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $1.61 on average, with a range between $1.52 and $1.69.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $11.86.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.81, with a range between $2.54 and $5.08.
- Beverages (e.g., Domestic Beer, Imported Beer, Coke/Pepsi) - Domestic beer ranges from $1.02 to $3.39, imported beer $1.52 to $1.86, and Coke/Pepsi $0.42 to $4.24.
Grocery Prices
- Milk - Milk is priced between $1.44 and $1.8 per liter, averaging $1.58.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $1.22, with an average price of $1.17.
- Eggs (Dozen) - A dozen eggs range from $1.52 to $2, averaging $1.73.
- Fruits (e.g., Apples, Bananas) - Apples cost $1.78 per kg, while bananas average $3.39 per kg.
- Vegetables (e.g., Tomatoes, Onions) - Tomatoes average $0.59 per kg, and onions are priced at $2.12 per kg.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.17 and $0.2.
- Fuel (Gasoline) - Gasoline is priced between $1.07 and $1.18 per liter.
- Taxi Fares - Taxi fares start at $0.68, with a cost of $0.23 to $0.25 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $144.02 to $304.98, averaging $205.44.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $118.6 to $203.32, averaging $146.13.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $304.98 to $423.58, averaging $355.81.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $203.32 to $338.86, averaging $293.68.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $42.36 and $122.41, averaging $94.46.
- Internet - Internet services range from $27.11 to $33.89, with an average cost of $30.5.
Cost of Living Rankings
The cost of living indices for Philippines are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Philippines, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Bacolod offers a relatively low cost of living compared to many other cities, making it an attractive option for those seeking affordability.
Dining out is particularly affordable, with inexpensive meals and reasonable prices for mid-range dining.
Housing costs are low, especially outside the city centre, providing budget-friendly options for renters.
Transportation is economical, with low costs for public transport and fuel.
Conclusion
In conclusion, Bacolod presents a cost-effective living environment with affordable dining, housing, and transportation options.
This makes it an appealing choice for individuals and families looking to enjoy a comfortable lifestyle without high expenses.