What is the middle class income in the Philippines?
The average income of a family in the Philippines as of 2021 is PHP 307.19 thousand per year, and the average expenditure is PHP 228.80 per year. The middle class in the Philippines is defined as those who earn between ₱18,000 to ₱109,200 per month.
According to the Philippine Institute for Development Studies (PIDS), a lower middle class has a monthly income between PHP21,194 and PHP43,828, a middle class between PHP43,828 and PHP76,669, an upper middle income between PHP76,669 and PHP131,484, and a high-income (but not rich) class between PHP131,484 and PHP219, ...
| Total living expenses in Manila | Average cost |
|---|---|
| 1 person, per month | ₱30,000 |
| 1 person, per year | ₱360,000 |
| student, per month | ₱20,000 |
| 3 person family, per month | ₱80,000 |
In the Philippines, you can be considered “rich” if you earn at least P182,000 and up each month. You are “high income” if you make P109,200 to P182,000; “upper middle income” if you take home between P63,700 to P109,200; and middle class if you earn between P63,700 to P109,200 each month.
| Income classification | Monthly income |
|---|---|
| Rich | At least ₱219,140 and up |
| High income (but not rich) | Between ₱131,484 to ₱219,140 |
| Upper middle income | Between ₱76,669 to ₱131,484 |
| Middle class | Between ₱43,828 to ₱76,669 |
How much does a Filipino make? As of Apr 10, 2024, the average hourly pay for a Filipino in the United States is $22.14 an hour.
In 2022, the median wealth of every adult in the Philippines amounted to 3,155 U.S. dollars, indicating an increase from the previous year. The median wealth per Filipino adult fluctuated between 2012 and 2022.
Monthly poverty threshold for a family of five Philippines 2015-2021. In 2021, a family of five in the Philippines had a poverty threshold of a little over 12 thousand Philippine pesos per month.
- 2-3 nights' stay in a three-star Cebu or Manila hotel.
- 1-3 one-way trips on a Philippines budget air carrier.
- 100-150 Filipino beers.
- 30-40 budget Filipino meals.
You'd actually be very well off compared to most people, especially since that PHP10, 000 is pretty much just allowance. Even if you had to pay for utilities in your free housing; unless you take baths in a pool or keep the AC on 24/7, you're golden.
How many people are wealthy in the Philippines?
In 2021, the Philippines had about 18.27 thousand millionaires. It was projected that in 2026, the number of high net worth individuals in the country will reach about 33 thousand.
Lower middle class: Those in the 20th to 40th percentile of household income, between $28,008 and $55,000. Middle class: Those in the 40th to 60th percentile of household income, ranging from $55,001 to $89,744. Upper middle class: Households in the 60th to 80th percentile, with incomes between $89,745 and $149,131.
Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.
Key takeaways: The average income of a family in the Philippines as of 2021 is PHP 307.19 thousand per year, and the average expenditure is PHP 228.80 per year. The middle class in the Philippines is defined as those who earn between ₱18,000 to ₱109,200 per month.
Five million bucks, if spent wisely, can get a savvy real estate investor some of the best properties in the Philippines. Five million pesos is quite the pretty penny no matter where it is to be spent. Save for winning the lottery or another contest, five million is also an amount that is not easy to amass.
As of 2024, the minimum wage in Metro Manila for non-agricultural workers is ₱570 per day. Compare that to the Caraga Region in Mindanao, where the cost of living is generally lower compared to urban areas, the minimum wage for non-agricultural workers is set at ₱385 per day.
The average height for Filipino men is approximately 5'4", or 163 cm. The average height for Filipino women is approximately 4'11", or 150 cm. As of 2020, Philippines ranks 3rd from the bottom in Southeast Asia in terms of average height of men. Filipino women, on average, rank 4th shortest in Southeast Asia.
There are three primary social classes in the Philippines: the low-income class, the middle-income class, and the high-income class. However, the poor are ranked below the low-income class.
The average salary for jobs in Manila, Philippines is ₱421,842 (PHP) per year or an hourly rate of ₱203 (PHP). The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries.
The average salary for a Doctor is Php 50,000 in Manila, Philippines. Salaries estimates are based on 14 salaries submitted anonymously to Glassdoor by Doctor employees in Manila, Philippines. How accurate is an average base pay range of ₱24K-₱79K/mo? Your input helps Glassdoor refine our pay estimates over time.
Is 40 000 a good salary in Philippines?
Realistically, 40k might not be enough especially sa presyo ng mga bagay bagay ngayon. It is comfortable but it might not be enough if you have plans to do all these things: buy a car, a house, stuff for your family, and support your health (medicines and healthy food).
The average house price in the Philippines is ₱ 74,104 ($1,334) per square meter, depending on several factors such as location, property type, amenities, and demand. Typical houses in the Philippines, mainly tiny to medium-sized homes, are usually priced between ₱ 3.5 million ($63,000) and ₱ 5 million ($90,000).
Forbes Park, a gated village community with luxury homes averaging to ₱800M to ₱3B (US$ 14.4M – US$ 54.4B). Located in the borders of Makati and BGC, Taguig, Forbes Park is estimated to have a combined wealth of more than $2 Trillion which is where top class businessmen, expats, actors, diplomats, ambassadors live.
The monthly poverty threshold for a family of five is an average income of P8,022 per month. This amount is enough to cover a single family's basic food and non-food needs. Poverty threshold refers to the minimum income a family or individual must earn in order to be considered “not poor”.
With continued recovery and reform efforts, the country is getting back on track on its way from a lower middle-income country with a gross national income per capita of US$3,950 in 2023 to an upper middle-income country (per capita income range of US$4,466 -US$13,845).
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