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Cost To Retire In Philippines: Feel Rich With A Thousand Dollars Every Month
This article is for people who are wondering how to retire to philippines.
Luckily, there are still places in the world at which anybody can stay for under $1000 and one of these places is the Philippines. So, remembering the Philippines living costs, how far will your $1000 go if you're wondering how to retire in philippines?
1. The $300 monthly rent
It is easy to rent out a decent apartment or a house for just $300 every month in urban cities like Cebu and Davao, excluding home furniture. You can actually lease a fully-furnished apartment if you're willing to pay for a bit more.
2. The $200 food budget
When you're living alone or with your Filipino wife, you can have a food spending budget of $200 monthly. Obviously, this doesn't cover the cost of eating at a Hilton hotel (yes, there are Hilton hotels in the Philippines).
3. The $12 hospital visit
Ignore the general public clinics, visiting reputable private hospitals in places similar to Cebu will cost you no more than $12 in doctor's fees. If you are on prescription medication, one can find chain store drug stores that offer prescription medicine from the United States besides other countries.
Summing it all, the cost of living in the Philippines is a lot much less than in remote locations in Asia. The advantage of it is that the Philippine government offers unique program for foreign retirees called the Special Resident Retirees Visa (SRRV).
Also, if you're married to a Filipino woman, you can make an application for a 13A visa, or 13B visa if you are not married and simply want to know how to retire in the philippines.
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