Cost of living in Taguig City
Taguig City, located in the Philippines, is a bustling urban area known for its vibrant lifestyle and economic opportunities. Understanding the cost of living in Taguig City is crucial for both residents and newcomers to effectively manage their finances.
This guide provides a detailed breakdown of various expenses, including dining, groceries, transportation, housing, and utilities, to help you plan your budget for 2024.
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 $8.49.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $27.6, with prices ranging from $16.99 to $84.93.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.25, with a range between $2.55 and $4.74.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.85 to $3.06, imported beer $1.53 to $4.76, cappuccino $1.36 to $4.25, and Coke/Pepsi $0.51 to $1.44.
Grocery Prices
- Milk - Milk is priced between $1.36 and $2.04 per liter, averaging $1.78.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.64 and $2.55, with an average price of $1.36.
- Eggs (Dozen) - A dozen eggs range from $1.43 to $3.06, averaging $2.07.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.87 to $4.25 per kg, while oranges range from $1.02 to $5.52 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.85 and $4.25 per kg, and lettuce costs $0.59 to $2.72 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.22.
- Fuel (Gasoline) - Gasoline is priced between $0.93 and $1.19 per liter.
- Taxi Fares - Taxi fares start at $0.76, with a cost of $0.23 per km and $2.04 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $424.66 to $730.42, averaging $574.71.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $220.82 to $509.59, averaging $292.17.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1443.85 to $3397.29, averaging $1995.91.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $339.73 to $1019.19, averaging $645.48.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $509.59 to $7134.3, averaging $4246.61.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $339.73 to $3227.42, averaging $2038.37.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $84.93 and $186.85, averaging $128.29.
- Internet - Internet services range from $20.38 to $42.47, with an average cost of $28.7.
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"
Taguig City offers a relatively affordable cost of living compared to other major cities. Dining out is inexpensive, with a variety of options available for different budgets.
Housing costs vary significantly depending on the location, with city centre apartments being more expensive than those outside the centre.
Transportation is affordable, with low costs for public transport and gasoline. Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Taguig City provides a balanced cost of living with affordable dining and transportation options. While housing costs can vary, there are options to suit different budgets.
For those considering moving to Taguig City, understanding these costs can help in planning and managing finances effectively, ensuring a comfortable lifestyle in this vibrant city.