THE ILOILO ADVANTAGE
Cost of Living
- Cost of Living is about 37% cheaper than Manila
- The minimum wage in Manila is P537/day ($10.17) while in Iloilo, it is P365/day ($6.91) for about 47.12% cost advantage. 1US$=PhP52.81 (Year 2018 average rate)
- The cost of food in supermarkets and restaurants is 13-24% cheaper in Iloilo compared to Manila
- The rental cost of Apartments is also 50-70% cheaper in Iloilo compared to Manila.
- The cost of real estate is up to 2 to 3 times cheaper than Manila .
INDICES DIFFERENCE
Consumer prices
21.13% lower than Manila
Consumer prices including Rent
37.10% lower than Manila
Rent
75.77% lower than Manila
Restaurant
27.91% lower than Manila
Groceries
20.49% lower than Manila
Local purchasing power
13.89% lower than Manila