Manila among most expensive SEA cities
Despite EO 130
Manila has the second-highest rent prices among the six cities, right after Singapore, making it among the most expensive cities to live in Southeast Asia, according to a new research.
Based on iPrice Group’s research, living in Manila can be quite a challenge, especially monetarily. The meta-search group gathered the estimated monthly cost of living in six Southeast Asian capital cities on Numeo, one of the world’s largest cost of living database.
The research data showed that the price of a one-bedroom apartment in the Manila city center is 56 percent higher than Kuala Lumpur’s, 47 percent higher than Jakarta’s, 31 percent higher than Ho Chi Minh’s.
“And yet, these are all cities that have comparable economic states. Manila is even 9 percent higher than Bangkok’s, which is a Southeast Asian tourist hotspot,” the study commented.
In addition, Manila has the third most expensive cost of living and the lowest average salary, according to the study. The cost of living in Singapore is at least 132 percent higher than the others, which the study considered understandable because of its economic status. Bangkok and Manila are neck and neck at the top.
Bangkok has an estimated monthly cost of living of ₱51,500 for a single person, the study added. This takes into account every necessity (rent, food, transportation, utilities, etc.).
Manila is not that further down, with an estimated monthly cost of ₱50,800 for a single person, which is only 1 percent lower than the former. Without rent, the total cost of living still reaches about ₱28,800 per month in Manila.