The Philippines is one of the countries in Southeast Asia known for its amazing beaches, joyful people, and delicious cuisine. Foreigners go to the country to unwind and have their vacation. Who would not want to enjoy their vacation in a place where the sea and sun met? Generally, the Philippines is considered to be a third-world country. Its economy is developing and because of this, the cost of living here is typically low than in other developed countries. Furthermore, a country like the Philippines is often replaced with other terms such as "developing countries" or "low-income countries." That is why, the country has the cheapest place to live in Philippines 2022.
There are numerous cities and provinces in the Philippines that offer a low cost of living, making it an affordable and enjoyable experience for many. Whether you're a local who wants to save money or a foreigner looking for a budget-friendly retirement destination, you have plenty of options to choose from. Although it is quite hard to choose which place to live that will fit your lifestyle, a cheap place to live is definitely a good choice. To help you make an informed decision, here are the top 10 places in the Philippines with the cheapest cost of living. 1. Zamboanga City Located in the southern region of the Philippines, Zamboanga City offers affordable housing, food, and transportation. According to recent data, the lowest price for a house and lot in Zamboanga City is around PHP 300,000, while the lowest price for a condominium unit is around PHP 800,000. Thus, the City offers the cheapest place to live in Philippines 2022. The cost of buying or renting a home in this city is significantly lower compared to other cities in the Philippines. This makes it an attractive option for families who want to live in a safe and peaceful environment without spending too much on accommodation. 2. Tacloban City This city in the Eastern Visayas region is known for its affordable housing and low cost of living. The City is home to the Pintados Festival where the pre-Spanish tradition of tattooing is held. The average monthly rent for a one-bedroom apartment in the city center is around Php 7,000 to Php 10,000, while outside the city center, it can go as low as Php 3,000 to Php 6,000 per month. This makes it an ideal choice for people looking for the cheapest place to live in Philippines 2022. Aside from the lower cost of renting and buying a house, the city has numerous restaurants, eateries, and markets where residents can find affordable and delicious local delicacies. The city's food scene is diverse, offering everything from street food to high-end restaurants, which cater to all budgets. 3. Dumaguete City Located in the central region of the Philippines, Dumaguete City is a popular retirement destination due to its low cost of living and high quality of life. The same with other Cities, low and affordable cost of living is the primary reason why Dumaguete City is included in the cheapest place to live in Philippines 2022. In Dumaguete City, the average cost of renting a one-bedroom apartment is around PHP 8,000 to PHP 12,000 per month. For a two-bedroom apartment, the average cost ranges from PHP 12,000 to PHP 20,000 per month. Transportation is also affordable in Dumaguete City. The city has a well-established public transportation system consisting of jeepneys, tricycles, and buses, which offer cheap fares to passengers. Commuting within the city is also convenient, with most destinations accessible by public transport. 4. Bacolod City Known as the "City of Smiles," Bacolod City offers affordable housing, food, and transportation. Compared to other cities, Bacolod City has a significantly lower cost of living, making it an attractive destination for budget-conscious travelers, retirees, and ex-pats. In 2022, the average monthly rental cost for a one-bedroom apartment in the city center is around PHP 10,000 to PHP 15,000, while a two-bedroom apartment can cost anywhere between PHP 15,000 to PHP 20,000. However, it is important to note that prices may vary depending on the location and the amenities provided. Bacolod City also has quality healthcare services that are affordable compared to other cities. The city has several hospitals and medical facilities that offer quality healthcare services at a fraction of the cost in other cities. 5. Iloilo City Located in the Western Visayas region, Iloilo City offers a low cost of living and a high standard of living. The price range for renting a house in Iloilo City can vary from Php 4,000 to Php 30,000 per month, depending on the size, location, and amenities. Meanwhile, the price range for buying a house in Iloilo City can range from Php 1.2 million to Php 25 million, depending on the type, location, and size of the property. With such a diverse range of options, you can easily find a housing option that suits your budget and preferences. Cities do not always mean a high cost of living. There are plenty of Cities in the Philippines that could be categorized as the cheapest place to live in Philippines 2022. Iloilo would definitely be included in the top 10 places in the Philippines with the cheapest cost of living because of how affordable the houses and foods are. 6. Cagayan de Oro City This city in the northern region of Mindanao is known for its affordable housing, food, and transportation. Renting a house or an apartment in Cagayan de Oro City costs around Php 5,000 to Php 15,000 per month, depending on the location and size of the unit. Meanwhile, buying a house ranges from Php 1.5 million to Php 10 million, making it more affordable for those who want to invest in a property. Cagayan De Oro City could be both for the affluent and middle to low-income people and families. The food, housing, transportation, and goods are affordable. The City is a good place to live and start a family. 7. Davao Del Norte Located in the southern region of Mindanao, Davao Del Norte offers a low cost of living and a high quality of life. One of the biggest benefits of living in Davao Del Norte is its affordable real estate prices. Properties in the area, including houses and lots, are priced relatively lower compared to other cities in the country. For example, a two-bedroom house and lot in BRIA Homes Panabo, a gated community in Davao Del Norte, can be purchased for as low as PHP 1.4 million. Meanwhile, a one-bedroom apartment can be rented for as low as PHP 7,000 per month. 8. Tagbilaran City This city in the central region of the Philippines is known for its affordable housing and low cost of living. One of the most attractive aspects of Tagbilaran City is its lower cost of living. The price of basic goods and services, such as food, housing, and transportation, are significantly cheaper compared to bigger cities like Manila and Cebu. For example, a meal at a mid-range restaurant in Tagbilaran City would only cost around PHP 200-300, while a similar meal in Manila could cost around PHP 500-600. 9. Legazpi City Located in the Bicol region of the Philippines, Legazpi City offers affordable housing, food, and transportation. Renting a one-bedroom apartment in the city center can cost around PHP 6,000 to PHP 10,000 per month, while a three-bedroom apartment can cost around PHP 15,000 to PHP 20,000 per month. If you're looking to buy a house, a 3-bedroom house in Legazpi City can range from PHP 3 million to PHP 7 million. 10. General Santos City This city is known as the "Tuna Capital of the Philippines," is a fast-growing city in Mindanao that offers a low cost of living compared to other cities in the country. The city offers a wide range of affordable housing options, with rental rates ranging from Php 3,000 to Php 10,000 per month, depending on the location and type of property. For those looking to buy a house, the price range can go from Php 800,000 to Php 4,000,000, which is significantly lower compared to other cities in the country. If you're interested in exploring the city and considering moving there, be sure to check out the various housing options available, including the property in BRIA Homes General Santos City, which offers affordable and modern homes in a convenient location. Whether you're looking for a retirement destination or simply want to save money on your cost of living, these cities and provinces offer some of the cheapest places to live in the Philippines. From affordable housing to low costs of food and transportation, these areas provide an excellent opportunity to live a comfortable lifestyle on a budget. So if you're looking for the cheapest place to live in the Philippines in 2022, consider these top 10 places in the Philippines with the cheapest cost of living and start planning your move today.
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AuthorA real estate marketer in Philippines. Archives
October 2021
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