Cost of living in Binan City
Binan City, located in the Philippines, offers a unique blend of urban and rural living. Understanding the cost of living here is crucial for anyone considering moving to or residing in the city.
This guide provides a detailed breakdown of expenses in Binan City, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $3.39 on average, with a range between $1.7 and $11.88.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $20.36, with prices ranging from $11.88 to $25.45.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $2.97, with a range between $2.55 and $3.73.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.85 to $1.7, imported beer $1.36 to $4.24, cappuccino $1.36 to $4.07, and Coke/Pepsi $0.34 to $1.7.
Grocery Prices
- Milk - Milk is priced between $1.39 and $2.55 per liter, averaging $1.82.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.85 and $1.63, with an average price of $1.19.
- Eggs (Dozen) - A dozen eggs range from $1.22 to $2.32, averaging $1.92.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.7 to $5.09 per kg, while oranges range from $1.36 to $5.01 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.19 and $3.73 per kg, and lettuce costs $0.85 to $2.55 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.59.
- Fuel (Gasoline) - Gasoline is priced between $1.02 and $1.19 per liter.
- Taxi Fares - Taxi fares start at $0.68, with a cost of $0.12 to $0.34 per km and $3.39 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $169.69.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $118.78.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $593.91.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $254.53.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $88.24 and $180.3, averaging $136.85.
- Internet - Internet services range from $25.45 to $40.73, with an average cost of $33.72.
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"
Binan City offers a relatively affordable cost of living compared to many urban areas. Dining out is inexpensive, and grocery prices are reasonable.
Housing costs are notably low, especially for those looking to rent outside the city centre. Transportation is also affordable, with low public transport and taxi fares.
Utilities and internet services are moderately priced, making Binan City a cost-effective choice for both locals and expatriates.
Conclusion
In conclusion, Binan City presents a cost-effective living environment with affordable housing, dining, and transportation options.
The city's cost of living is suitable for individuals and families seeking a balance between urban amenities and budget-friendly expenses.
Whether you're planning to move or just curious about the cost of living, Binan City offers a welcoming and economical lifestyle.