Would be Philippine retirees often ask if they can live in the Philippines for $600 per month or $800 or $1000 per month. The answer to all these is yes. If you are healthy, can be happy living in a rural area, riding public transport, shopping in the public markets, avoid imported foods and can get along without air conditioning and maybe Internet access (if you’re reading this maybe you can’t), you can live on very little.
Our budget in the Philippines. The main cost of living questions you need to adjust for are:
- Prescription drugs and medical care. A $1,700 per month budget may cover routine medical and dental care for a reasonably healthy couple. Someone requiring expensive prescription drugs or expensive medical care needs to adjust the budget accordingly. A reserve account to cover emergency medical expenses is a must.
- Support you provide to your spouse’s Philippine family — routine and special such as medical emergencies.
- Family size.
- Dining out, entertainment
- Expenses in one’s home country.
- Immigration fees.
- Overseas travel.
- Any installment payments such as for a motor vehicle.
Here’s our expenses for 2012 (in U.S. Dollars)
(Note that there is no rent included as we own our own home)
Bank Charge 15.12
Books, Magazines, Music 488.46
Help to our families 3,951.93
House Furnishings 512.59
House Landscaping-Garden 327.00
House, Maintenance 236.33
Interest Exp 19.00
Postage, Shipping 324.18
TOTAL EXPENSES $23,547.18 or $1,962 per month on average.
Here’s our expenses for 2008 (in U.S. Dollars)
Auto – fuel and maintenance 449.94
Bank Charges 103.96
Books, Mags, Music, News 229.41
Computer Expense 282.27
Dining Out 758.56
Help to our Families (US and RP) 3,107.81
Investment Exp 48.85
Legal & Immigration 19.47
Total Medical & Dental 1,187.70
Real property Expense 192.72
Bottled Water 56.52
Telephone & DSL 518.11
Utilities – Other 1.59
Total Utilities 1,349.57
House Help 581.87
Expenses – Other 0.25
Total Expenses $21,113.01