Cost of living in Makati
Makati, a bustling city in the Philippines, is known for its vibrant business district and cosmopolitan lifestyle. Understanding the cost of living here is crucial for anyone planning to move or work in the city.
This guide provides a detailed breakdown of expenses in Makati, covering everything from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $5.93 on average, with a range between $2.54 and $11.86.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $41.51, with prices ranging from $25.41 to $71.16.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.24, with a range between $3.39 and $5.08.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.19 to $3.05, imported beer $2.03 to $4.24, cappuccino $1.61 to $4.24, and Coke/Pepsi $0.68 to $1.69.
Grocery Prices
- Milk - Milk is priced between $1.52 and $2.8 per liter, averaging $2.11.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $1.63, with an average price of $1.41.
- Eggs (Dozen) - A dozen eggs range from $1.22 to $2.32, averaging $1.96.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.54 to $5.42 per kg, while oranges range from $1.36 to $5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.19 and $5.24 per kg, and lettuce costs $0.93 to $1.44 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.24 and $0.85, with a monthly pass priced at $3.39.
- Fuel (Gasoline) - Gasoline is priced between $1.05 and $1.17 per liter.
- Taxi Fares - Taxi fares start at $0.72, with a cost of $0.23 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 ranges from $382.69 to $1355.45, averaging $526.23.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $211.79 to $423.58, averaging $289.44.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $954.27 to $2541.47, averaging $1782.76.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $847.16 to $1700, averaging $1259.44.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2541.47 to $7285.54, averaging $4447.57.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1694.31 to $2202.61, averaging $1948.46.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90.01 and $180.02, averaging $136.64.
- Internet - Internet services range from $28.8 to $40.66, with an average cost of $33.6.
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.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Makati offers a relatively affordable cost of living compared to other major cities, especially in terms of dining and transportation.
Housing costs can vary significantly depending on the location, with city centre apartments being more expensive.
Grocery prices are moderate, but imported goods and certain fresh produce can be pricier.
Public transportation is very affordable, making it a cost-effective option for daily commuting.
Conclusion
In conclusion, Makati presents a balanced cost of living with affordable dining and transportation options, though housing can be a significant expense depending on the area.
Prospective residents should consider their lifestyle and budget preferences when planning a move to Makati, as the city offers a range of options to suit different financial situations.