What Is Considered Rich In The Philippines? A common question asked is what is considered rich in the Philippines? In general, this will differ from person to person. For example, locals in the provinces may perceive earning $1000 a month (52K Pesos) as being rich. On the other hand, others in metropolitan Manila may perceive individuals earning $2500 a month or more (130K Pesos) to be rich.
In general, the status of being rich is a subjective experience. For instance, you may see yourself as a middle-class individual with average earnings, but you are considered wealthy to some. The average salary in the Philippines is around 20K – 30K Pesos ($382 – $573); therefore, if you earn more than this amount per month, you are considered more wealthy than the average employee.
What is considered a high salary in the Philippines
The total amount that is considered a high salary in the Philippines will depend on the level of expertise and industry. In general, a salary over 60K Pesos ($1146) is considered a high salary in the Philippines.
However, as mentioned, this will depend on the industry. For instance, a call center employee working for an outsourcing corporation may see 60K pesos as a high salary in the Philippines; however, a senior cyber security expert will likely see 60K as a low salary compared to average salaries in this industry
Does Money Matter In The Philippines
In general, money is an important resource. However, when in the Philippines, talking and boasting about money is not recommended as this can open individuals up to being a target for financial scams.
Naturally, in the Philippines, financial resources are a big concern for many locals across the country. Inflation and the cost of living are continuously changing, and as prices go up, money is increasingly more important. Therefore, diversification is a common practice used by locals in the Philippines to increase their finances. But in short, money does matter for the majority of people and is the most valuable resource.
More Philippines Expat Guides
- 13 Reasons Not To Live In Philippines Foreigner
- 14 Best Islands To Live Philippines
- 15 Exclusive Ways How To Live Cheaper In The Philippines
- 15 Tips How To Live In The Philippines As A Foreigner
- 15 Tips On Dating A Filipina Woman
- 5 Best Places To Live Philippines 2022
- Best Business For Foreigners Philippines
- Best Place To Retire Philippines 2022
- BEST Places In Philippines To Find A Wife
- Best Places To Meet Single Women Philippines
- Can A Canadian Own A Business Philippines
- Can A Chinese Person Start A Business Philippines
- Can A Foreigner Drive In The Philippines?
- Can A Foreigner Get A Loan In The Philippines?
- Can Foreigners Invest In Philippines Stock Market?
- Cheapest Cities To Live Philippines 2022
- Cheapest Places To Retire Philippines
- Cost Of Living In Quezon City For Expats
- Do You Want To Retire In Cebu Philippines?
- Examples Of Foreign Investment Philippines
- Expat Cost Of Living Davao City In 2022
- Expat Cost Of Living In Cebu Philippines
- Expat Living Outside Of Davao City
- Full Moving To The Philippines From The USA
- Health Insurance For Foreigners Philippines 2022
- Helpful Guide Living In Pasay City As A Foreigner
- Helpful Guide To Living In Olongapo City As An Expat
- How Can A Foreigner Invest In The Philippines
- How Can A Foreigner Work Philippines Legally?
- How Much Does It Cost To Live Comfortably Philippines 2022
- How Much Is The Minimum Cost Of Living In The Philippines
- How Much Money To Bring To The Philippines
- How Much To Live Like A King Philippines
- How To Find Cheap Flights To The Philippines
- How To Invest In The Philippines From USA
- How To Make Friends In The Philippines
- How To Make Money Philippines As A Foreigner
- How To Open A Bank Account Philippines For Foreigners
- How To Open A Business Philippines From Australia
- How To Open A Business Philippines From UK
- How To Rent A Condo Philippines As An Expat
- How To Send Money From Abroad Philippines
- How To Stay In The Philippines Permanently
- Is It Better To Live In Thailand Or Philippines
- Is It Safe In The Philippines For Foreigners?
- Is Tagalog Easy Or Hard To Learn For Beginners
- Life As An Expat Living In Davao City
- Live & Retire In Puerto Princesa Palawan
- Living In Angeles City Philippines As An Expat
- Living In Bacolod Philippines As An Expat
- Living In Butuan City As An Expat
- Living In Cagayan De Oro Philippines For Expats
- Living In General Santos City Philippines As A Foreigner
- Living In Lapu Lapu City As A Foreigners
- Living In Manila Philippines As A Foreigners
- Living In Manila Pros And Cons
- Living In Palawan Philippines As A Foreigner
- Living In Pasig City Philippines As A Foreigner
- Living In The Philippines On $1000 Or More
- Living Las Piñas Philippines For Expats
- Moving Or Retiring To The Philippines From UK
- Moving To Leyte Philippines For Foreigners
- Philippines Living Costs For First Timers
- Retirement & Living In Makati For Foreigners
- Should I Bring Cash To The Philippines
- Should I Retire In The Philippines?
- Starting A Business Philippines As A Foreigner
- Ultimate Guide To Dating Philippines 2022
- What Is Considered Rich In The Philippines
- What Is It Like To Live In Manila?
- What Is Life Like In The Philippines 2022
- What Its Like Living In Cebu As A Foreigner
- What To Take To Philippines Checklist
- What You Can Buy Philippines On A Budget
- Which Is Cheaper – Thailand vs Philippines