Cost of Living: Canada vs. Philippines Explained

Introduction

The cost of living between the Philippines and Canada varies significantly, with Canada generally being more expensive across various categories. Here’s a detailed comparison:

Overall Cost of Living

  • Canada: The average monthly cost of living is approximately $2,076 USD.
  • Philippines: In contrast, it’s about $615 USD.

This indicates that Canada is roughly 237% more expensive than the Philippines. (LivingCost)

Housing

  • Canada: Monthly rent for a 1-bedroom apartment in the city center averages $1,239 USD.
  • Philippines: The same accommodation costs about $282 USD.

Housing in Canada is approximately 339% more expensive. (LivingCost)

Food

  • Canada: A basic meal at an inexpensive restaurant costs around $16.37 USD.
  • Philippines: The same meal is about $3.60 USD.

Dining out in Canada is approximately 355% more expensive. (MyLifeElsewhere)

Transportation

  • Canada: A monthly public transportation pass costs about $112 USD.
  • Philippines: The equivalent pass is approximately $24 USD.

Transportation costs in Canada are roughly 367% higher. (Expatistan)

Utilities

  • Canada: Basic monthly utilities for an 85 m² apartment are around $143.37 USD.
  • Philippines: Similar utilities cost about $81.85 USD.

Utilities in Canada are approximately 75% more expensive. (NationMaster)

Average Salaries

  • Canada: The average monthly disposable salary after tax is $2,773.50 USD.
  • Philippines: It’s about $330.73 USD.

Salaries in Canada are roughly 739% higher. (NationMaster)

Purchasing Power

Despite higher costs, the increased salaries in Canada result in greater purchasing power compared to the Philippines. This means that, on average, individuals in Canada can afford more goods and services than those in the Philippines.

Conclusion

While Canada offers higher salaries and purchasing power, the cost of living is substantially greater than in the Philippines. Individuals considering relocation should weigh these factors carefully to make informed financial decisions.

References

  1. Living Cost Comparison: Canada vs. Philippines
  2. Cost of Living Comparison: Canada vs. Philippines
  3. Expatistan Cost of Living Comparison
  4. NationMaster Cost of Living Comparison

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