What is the average hourly wage in the Philippines?
The average hourly wage (pay per hour) in Philippines is 260 PHP. This means that the average person in Philippines earns approximately 260 PHP for every worked hour.
How much does an average Filipino earn per month?
As of 2020, the average monthly salary in the Philippines was approximately 45 thousand Philippine pesos. In that same period, the annual average wage in the country was 535 thousand Philippine pesos.
What is a fair wage in the Philippines?
Philippines. The Philippines has daily minimum wage rates that vary from region to region, ranging from PHP316 (US$6.57) to P537 (US$11.17) a day for 2021.
What’s the average salary in the Philippines per year?
(In Philippine Pesos and converted to United States Dollars) The average salary in the Philippines was PHP 161,847.60/year ($3,218). The median salary in the Philippines was PHP 655,200/year ($12,955).
What is the minimum wage in the Philippines?
Outsourced Salaries vs. The Minimum Wage The Filipino minimum wage ranges from PHP 290 (US$5.70) to PHP 537 (US$10.61) per day, varying across the country’s regions. This minimum wage is supposed to cover all the essential needs of an individual.
How much tax do you pay in the Philippines?
Keep in the mind the above is the official minimum wage and not always what is paid out. Tax is also applicable at 32% for all salary earners. Diplomats earn the same as their civil service salaries back home, plus hardship bonuses (differs depending on origin country).
What’s the cost of living in the Philippines?
Despite lower salaries and an unfavorable exchange rate (in May 2020, 1 USD = 50.59 PHP), one of the main factors that allow Filipino employees to live comfortably is the country’s low cost of living. Think about it. With a lower cost of living, you don’t have to spend most of your annual salary for your daily needs!