What is the Cost of living in Philippines 2024?: Living expenses for Indians

Are you looking for a unique study-abroad destination? The Philippines could be a perfect fit! It is one of the most vibrant countries in Southeast Asia, with over 26,000 international students enrolled in various Philippine universities as of 2024! These students represent more than 70 countries.

With top institutions like the University of the Philippines, Ateneo de Manila University, and De La Salle University, the Philippines has become a premier destination for higher education.

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But beyond academics, what draws students to the Philippines? Is it the rich cultural heritage, the friendly and welcoming people, or the stunning natural beauty? Whatever your reason, one critical aspect to consider is the cost of living in the Philippines.

If you are wondering about the cost of living in the Philippines vs India, this guide has your back. It will take you through everything from scholarships to monthly rentals, transportation expenses, and practical tips on how to manage and reduce your cost of living in the Philippines. 

Key Highlights

Why Choose the Philippines?

So, you’ve chosen the Philippines as your study destination — an excellent choice indeed! In 2023, the Philippines saw a 15% increase in Indian student enrollments, highlighting its growing popularity as a study destination.

Now, get  into what makes this country such an appealing place for international students. 

• High-Quality Education: The Philippines is home to prestigious universities like the University of the Philippines, Ateneo de Manila University, and De La Salle University, all of which offer world-class education.
  
• Affordable Living Costs: The cost of living in Manila Philippines, is relatively low compared to Western countries. You can expect to spend approximately INR 30k per month on living expenses, excluding rent.
  
• Diverse Student Community: More than 26 thousand international students study in the Philippines, creating a rich and varied cultural environment.
  
• English Proficiency: Ranked 20th globally in the EF English Proficiency Index, the Philippines is one of the best non-native English-speaking countries, ensuring smooth communication and learning.
  
• Affordable Tuition Fee: Tuition in the Philippines is known for being very affordable ranging between INR 84k to 3L per year.
  
  
• Scholarship Opportunities to Reduce the Cost of Living in the Philippines: Numerous scholarships (over INR 30L per year) are available for international students, including the Robert S. McNamara Fellowships Program, K.C. Mahindra Scholarships, and others, which help to reduce tuition and the cost of living in the Philippines for Indian students. 

Cost of Living in the Philippines For Indian Students

Worried about the cost of living in the Philippines? Fear not; surviving on a student budget in the Philippines is easier than understanding what “tapos na” actually means! The average cost of living in the Philippines for an international student is about INR 25k to 30k per month without rent. 

The good news? Manila, the bustling capital, offers a much friendlier price tag compared to other Southeast Asian hubs. Studies show Manila’s cost of living is a whopping 69% lower than Singapore’s!

With some planning, the Philippines can be a surprisingly budget-friendly study destination for you! Take a look. 

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Cost of Accommodation in the Philippines

When considering moving to the Philippines for higher studies, it’s essential to budget for accommodation. Rental housing prices vary depending on the location and type of accommodation you choose.

Opting for flats or apartments generally incurs higher expenses than choosing on-campus or off-campus accommodation. Many universities provide accommodation facilities to international students, with monthly rental prices for dormitories ranging between INR 10k and INR 25k.

Looking for your own flat? Even though the cost of living in Manila Philippines is 9.9% higher than in Cebu, it’s definitely more affordable than in other countries. 

Have a glance at the details here. 

Cost of Food in the Philippines

Get ready for a flavour fiesta! Filipino street food is legendary – from sizzling skewers to crispy spring rolls and sweet treats, all at budget-friendly prices. If street food isn’t your thing, fantastic restaurants are catering to every craving, with meals typically costing around INR 250.

Feeling like a homebody chef? Head to the local markets where fresh fruits, veggies, meats, and poultry are abundant and affordable. Your tummy (and budget) will thank you. 

Here is an overview of the food cost comparison, including groceries, between Manila and Cebu:

Please Note: Estimated costs are subject to fluctuations and variations

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Transportation Cost in the Philippines

On a student budget? The Philippines has your back (and your wallet)! 

Here’s a cool fact that’ll make you a city travel pro: Filipinos love a good tawaran (tah-wah-ran), which means bargaining! Here’s the student superpower: Mastering the art of tawaran can save you serious pesos for short tricycle rides. Just be polite and respectful, and remember your target price. 

In many major cities, jeepneys, which are vibrant and compact buses, are widely used for transportation.

Here are some other affordable and fun transport options to keep your wallet happy:

Please Note: Average costs are subject to fluctuations and variations

Cost of Utilities in the Philippines

Before you pack your bags, it’s time to answer that age-old question: how much will it cost to keep the lights on (and the AC blasting)?

The Philippines boasts some of the most affordable utilities in Southeast Asia. The cost of living in the Philippines is 71% cheaper than in New York City (United States)

Here’s a breakdown to ease your worries.

Cost of Living Comparison: Philippines vs USA, UK, and Canada

Choosing to study in the Philippines is not just about the lower cost; it’s about getting the best value for your money. For instance, the cost of living in the Philippines is around 52% cheaper than in the United States as of 2023!

Here’s a breakdown of the numbers and see how they stack up:

Top 5 Universities in the Philippines

Dreaming of an affordable yet world-class education? With its blend of rich cultural heritage and modern educational standards, the Philippines is home to some of the best universities in Asia.

For example, University of the Philippines has produced 36 out of the 55 National Artists of the Philippines and 7 out of the 16 Philippine Presidents, showcasing its strong influence on the country’s cultural and political landscape. 

As you consider your study abroad options, here are the top 5 universities in the Philippines, according to the QS World University Rankings 2025.

1. University of the Philippines (UP)

Stelling, nestled within the lush landscapes of the Philippines, is home to the prestigious University of the Philippines (UP), established in 1908. 

Spanning 17 campuses across the archipelago, UP is renowned for its comprehensive array of 190 undergraduate and 381 graduate programs, catering to diverse academic interests. 

Fun Fact: At the University of the Philippines (UP), every graduation features a ceremonial sablay, a symbol of academic success and Filipino heritage!

Here’s a table summarising the particulars.

*Please note: The fees mentioned are subject to change, and the figures provided are only approximate.

2. Ateneo de Manila University

Ateneo de Manila University is located in Quezon City, Metro Manila, Philippines. Established in 1859, it is one of the oldest and most prestigious educational institutions in the country. 

It has produced notable alumni like Jose Rizal and four Presidents, Jose P. Laurel, Diosdado Macapagal, Fidel V. Ramos and Benigno S. Aquino III, fostering leaders in various fields, including entrepreneurship, science, politics, and the arts.

Fun Fact: Ateneo de Manila University is known for its delightful campus cats, cherished by students for their comforting presence during busy academic seasons!

Here’s a table summarising the particulars.

3. De La Salle University

De La Salle University, located at 2401 Taft Avenue, Malate, Manila, Philippines, was established in 1911 by the Brothers of the Christian Schools. 

Known for its academic excellence and research contributions, DLSU is recognised nationally and regionally as a leader in education, shaping future leaders guided by the ideals of St. John Baptist de La Salle.

Fun Fact: De La Salle University’s campus features a secret underground tunnel rumoured to connect key buildings.

Here’s a table summarising the particulars.

4. University of Santo Tomas (UST)

The University of Santo Tomas, Asia’s oldest university, is located in Manila, Philippines. It was established in 1611. 

It is celebrated for its rigorous academic programs rooted in Catholic teachings. It consistently produces top graduates like Ferdinand Marcos and Gloria Macapagal-Arroyo, who have excelled in various fields globally for over four centuries.

Fun Fact: It is also the only university to have been visited by three popes: Pope Paul VI, Pope John Paul II, and Pope Francis

Here’s a table summarising the particulars.

5. University of San Carlos

The University of San Carlos (USC), established in 1935, is located in Cebu City, Philippines. It is renowned for its comprehensive academic programs and significant contributions to research and community service. 

USC is one of the leading educational institutions in the Philippines, offering a wide range of undergraduate and graduate programs, and is known for its excellent engineering and business courses.

Fun Fact: It is home to the largest library in the Visayas and Mindanao regions, with an extensive collection that includes rare books and historical documents.

Here’s a table summarising the particulars.

Scholarships to Reduce Cost of Living in the Philippines

Interested in scholarships to further reduce the cost of living in the Philippines? Hold on to your barongs (traditional Filipino shirts) because the Philippines offers a bounty of scholarships to slash your living costs! 

Here are some prestigious scholarships for international students. 

1. Robert S. McNamara Fellowships Program

Established by the World Bank in 1982, the Robert S. McNamara Fellowships Program (RSMFP) supports young researchers from developing countries pursuing studies related to economic development. 

The program provides fellows with opportunities to engage in policy-relevant research alongside World Bank economists within the Development Economics Vice Presidency (DEC), fostering skills and knowledge crucial for advancing economic development.

Scholarship Amount and Type

• Award Amount: Maximum of approximately PHP 1M (INR 20L) per recipient.
• Type: Supports emerging researchers from developing countries.
• Usage: Covering travel, research, and living expenses for a 6 to 10-month fellowship.

Eligibility Criteria

• Open to nationals of World Bank member countries, with preference given to those from developing nations.
• Applicants must be fluent in English and graduate with master’s level studies or are currently pursuing a PhD in Economics or a related field.
• Applicants should be at most 35 years of age by June 30 and available to relocate to Washington, D.C., for the fellowship duration.

Documents Required

• Updated CV
• Statement of purpose detailing research interests, professional objectives, and qualifications as a development researcher.
• Contact details for a reference who can provide a letter of recommendation (requested for shortlisted candidates).
• Optional: Write a sample and code a sample demonstrating relevant skills.
• Fellowships are awarded based on application materials, knowledge of economic methods, and proficiency in required statistical software. 

2. The K.C. Mahindra Scholarships 

The K.C. Mahindra Scholarships for Post-Graduate Studies Abroad, awarded by the K.C. Mahindra Education Trust, have been a cornerstone of support for Indian students aspiring to pursue master’s degrees overseas since 1956. 

This prestigious scholarship aims to assist outstanding individuals who have secured admission or are in the process of applying to reputable foreign universities for courses starting between August 2024 and February 2025.

Scholarship Amount and Type

• Award Amount: Up to PHP 1M (INR 10L) per student
• Type: This is a merit-based scholarship awarded as an interest-free loan
• Usage: The scholarship amount can only be used for tuition fees

Eligibility Criteria:

• You must hold a First Class degree or equivalent from a recognised university
• You must be an Indian citizen
• Admission into a master’s degree program at a foreign university is a prerequisite

Documents Required: 

• Letter of Recommendation (LOR), Curriculum Vitae (CV), admission letters from universities, academic transcripts, and scores for exams like GRE/GMAT, IELTS/TOEFL (if applicable).
• Additional Requirements: A statement of general aptitude and career aspirations is also required.
  

3. The J.N. Tata Endowment Scholarship

The J.N. Tata Endowment Scholarship, administered by The J.N. Tata Endowment, is a prestigious merit-based scholarship that supports Indian students pursuing full-time postgraduate, PhD, postdoctoral, or research fellowships abroad. 

Established with the mission to foster academic excellence and leadership among Indian scholars, this scholarship has been instrumental since its inception in enabling talented individuals to pursue advanced studies overseas.

Scholarship Amount and Type 

• Award Amount: Up to PHP 703k (INR 10L) per student. 
• Type: This is a merit-based scholarship awarded as an interest-free loan.
• Usage: The scholarship amount can only be used for tuition and fees.

Eligibility Criteria

• You must hold a First Class degree or equivalent from a recognised university
• You must be an Indian citizen
• Admission into a master’s degree program at a foreign university is a prerequisite

Documents Required

• Letter of Recommendation (LOR)
• Curriculum Vitae (CV)
• Admission letters from universities
• Academic transcripts
• Scores for exams like GRE/GMAT, IELTS/TOEFL (if applicable)

Additional Requirements: A statement of general aptitude and career aspirations is also required.

4. Unimoni Student Stars 2023

Unimoni Student Stars 2023, offered by Unimoni, represents a significant opportunity for students aiming to pursue higher education abroad at both undergraduate and postgraduate levels. 

This scholarship program is designed to alleviate financial constraints, enabling recipients to focus on their academic pursuits and maximise their study abroad experience.

Scholarship Amount and Type:

• Award Amount: Up to PHP 211k (INR 3L) per student. 
• Type: This is a merit-based scholarship awarded as a one-time payment to support tuition and living expenses for students pursuing undergraduate or postgraduate studies abroad.
• Number of Students to be Awarded: 5
• Usage: Can be used for tuition & fees, as well as living expenses.

Eligibility

• You must achieve at least 60% in 10th standard, 12th standard, Diploma, and graduation.
• You must provide a valid offer letter from an overseas university.
  

5. Hani Zeini Scholarship

The Hani Zeini Scholarship, established by the entrepreneur Hani Zeini, aims to support ambitious and enterprising students pursuing higher education in the USA, Canada, Australia, the UK, the Philippines, Singapore, and other countries. 

This merit-based scholarship provides a one-time award of approximately PHP 57k (INR 82k) to students demonstrating financial need and a strong interest in entrepreneurial careers. 

Scholarship Amount and Type

• Award Amount: approximately original first (INR 82k)
• Type: This scholarship is a one-time merit-based award
• Usage: The scholarship amount can be used solely for tuition and fees

Eligibility Criteria

• You must be enrolled in an accredited college or university in the USA, Canada, Australia, the UK, Singapore, the Philippines, or another eligible country.
• Open to you if you are pursuing Bachelor’s or Master’s degrees.
• You must demonstrate financial need and have a strong interest in entrepreneurship.

Documents Required

• An original essay (not exceeding 850 words) outlining how you plan to utilise your education to become a successful entrepreneur and contribute to society.
• Personal information including first name, last name, contact number, mailing address, EDU email address, and name of university.
• Submission via email as a Word document. 

Additional Requirements: Preference is given to students who express a desire to start an innovative business.

How to Reduce the Cost of Living in the Philippines for Indian Students?

Many Indians choose to work in the Philippines because of its cultural similarities and familiarity with India. Plus, let’s face it — it is a more affordable option, but as an Indian, saving in more than one way is key! 

When comparing the cost of living in the Philippines vs India, the Philippines often offers a more budget-friendly lifestyle, enhancing its appeal even further.

Buckle up and discover how to make your Philippine peso stretch further!

1. Part-Time Work

Conquering the cost of living in the Philippines might seem daunting, but fear not! 

Imagine earning some extra pesos while gaining valuable experience and cultural immersion — sounds pretty sweet, right? However, you can work on a student visa only with additional permission from the Philippine Bureau of Immigration. 

Here’s a look at some high-paying part-time jobs and tips on finding them. 

Finding Part-Time Jobs

Landing a part-time job as an international student in the Philippines is easier than you think! Read below to equip yourself with all the resources to find the perfect flexible position: 

• University Career Services: Check job postings and guidance at your university’s career centre.
• Online Job Portals: Use LinkedIn and others to find part-time and freelance positions.
• Networking: Attend university events and workshops and join student organisations to connect with peers and professionals.
• Local Businesses: Apply directly to local restaurants, cafes, retail stores, and call centres around universities.
  

2. Student Discounts and Freebies

Did you know that being a student in the Philippines comes with some amazing perks? From discounts to freebies, make your student life more enjoyable and reduce the cost of living in the Philippines.   

Here are some of the best ways you can save money and enjoy the perks of student life: 

• Public Transportation: Flash your student ID for discounted fares on buses, trains, and jeepneys.
• Food and Dining: Many restaurants and fast food chains offer student discounts.
• Tech and Gadgets: Companies like Apple and Microsoft provide substantial student discounts.
• Books and Supplies: Stores like the National Book Store offer discounts on textbooks and school supplies.
• Entertainment: Enjoy discounts on movie tickets, concerts, and theme parks.

• Library Access: Make the most of your university’s library with free access to academic resources.
• Campus Events: Universities frequently host free seminars, workshops, and cultural shows.
• Software and Online Resources: Your university provides free software like Microsoft Office 365 and Adobe Creative Cloud.
• Fitness Facilities: Many universities offer free or discounted access to gyms and sports facilities.
• Healthcare Services: Utilise on-campus healthcare services for free or at a reduced cost.

Conclusion

Forget the ordinary! It isn’t just about affordable degrees and the cost of living in the Philippines; it’s about diving headfirst into a vibrant culture, where bustling cityscapes like Manila thrum with energy and serene beaches like Cebu whisper secrets of island paradise.

Still, feeling overwhelmed by the idea of studying abroad? Don’t sweat it! LeapScholar has your back, with over 1,500 experts ready to guide you through every step. 

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