Cost of living index score of Manila Philippines 2016-2023

Published by
Christy Balita,
Nov 14, 2024

The capital city of Manila had a cost of living index score of 37.9 in 2023, indicating a decrease from the previous year. In the Asia Pacific region, Seoul in South Korea had the highest cost of living among other megacities as of 2023. 

Cost of living index score of the city of Manila in the Philippines from 2016 to 2023

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Source

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Release date

November 2024

Region

Philippines

Survey time period

2016 to 2023

Supplementary notes

According to the source, the index is relative to New York City, which means that each index should be 100 percent. If another city has, for example, a rent index of 120, it means that, on average, rents in that city are 20 percent pricier than in New York City. If a city has a rent index of 70, that means that the city rents are 30 percent less expensive than in New York City. 

The cost of living index is a relative indicator of consumer goods prices, including groceries, restaurants, transportation, and utilities. The cost of living index does not include accommodation expenses such as rent or mortgage.

The source did not provide a release date. Date given here is the access date.

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