Cost of living in Malaybalay
Malaybalay, located in the Philippines, offers a unique blend of rural charm and urban convenience. Understanding the cost of living in this city is crucial for both potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $4.25 on average, with a range between $2.55 and $8.49.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $11.89, with prices ranging from $8.49 to $59.45.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $2.76, with a range between $1.7 and $4.59.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.59 to $2.04, imported beer $1.19 to $2.55, cappuccino $0.85 to $3.4, and Coke/Pepsi $0.25 to $1.1.
Grocery Prices
- Milk - Milk is priced between $1.36 and $2.21 per liter, averaging $1.65.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.93 and $1.39, with an average price of $1.17.
- Eggs (Dozen) - A dozen eggs range from $1.43 to $2.63, averaging $1.88.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.09 to $3.4 per kg, while oranges range from $0.68 to $2.55 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.7 and $2.77 per kg, and lettuce costs $0.42 to $1.7 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.02 and $1.22 per liter.
- Taxi Fares - Taxi fares start at $0.76, with a cost of $0.23 to $0.25 per km and $1.7 to $2.04 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the centre averages $144.38.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $67.95 and $135.89, averaging $94.49.
- Internet - Internet services range from $28.86 to $50.94, with an average cost of $33.97.
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"
Malaybalay offers a relatively affordable cost of living, especially in terms of dining and housing outside the city centre.
Transportation costs are low, with affordable taxi fares and gasoline prices.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Malaybalay presents an attractive option for those seeking a cost-effective lifestyle in the Philippines.
With affordable dining, housing, and transportation, it is a suitable choice for individuals and families looking to balance quality of life with financial prudence.