Cost of living in Panglao
Panglao, a picturesque island in the Philippines, is known for its stunning beaches and vibrant marine life. Understanding the cost of living here is crucial for anyone considering relocation or extended stays.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
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 $1.7 and $6.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $11.89, with prices ranging from $11.89 to $35.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.91, with a range between $3.4 and $5.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.85 to $1.53, imported beer $1.53 to $4, cappuccino $1.1 to $3.4, and Coke/Pepsi $0.42 to $1.36.
Grocery Prices
- Milk - Milk is priced between $1.38 and $3.06 per liter, averaging $1.53.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.02 and $2.25, with an average price of $1.02.
- Eggs (Dozen) - A dozen eggs range from $1.43 to $2.24, averaging $1.7.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.02 to $4.25 per kg, while oranges range from $1.02 to $6.79 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.02 and $3.06 per kg, and lettuce costs $0.51 to $1.7 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.08 and $1.36 per liter.
- Taxi Fares - Taxi fares start at $0.73, with a cost of $0.22 to $0.33 per km and $2.55 to $3.4 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $254.8 to $339.73, averaging $297.26.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $169.86 to $424.66, averaging $288.77.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $509.59 to $849.32, averaging $679.46.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $339.73 to $594.53, averaging $467.13.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $781.38.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $611.51.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $76.44 and $216.58, averaging $110.15.
- Internet - Internet services range from $25.48 to $32.27, with an average cost of $25.48.
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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"Key Takeaways"
Panglao offers a relatively affordable cost of living, especially in terms of housing and dining.
Transportation costs are low, making it easy to get around the island without breaking the bank.
Grocery prices are moderate, with some variation in the cost of imported goods.
Conclusion
Living in Panglao, Philippines, can be a cost-effective choice for those seeking a tropical lifestyle.
With affordable housing and dining options, along with reasonable transportation and utility costs, Panglao is an attractive destination for both short-term visitors and long-term residents.
However, potential residents should consider the variability in grocery prices, especially for imported items, when planning their budget.