Frequent question: What is the middle class income in the Philippines?

Contents

The middle class, which earns 31560-78900 pesos per month is at around 3.6 million households. Combining all the figures above, the rich comprise only 0.72 percent of all the households in the Philippines. That’s less than one percent of the population earning at least 20 times more than the majority of the population.

What is considered middle class in Philippines?

In other words, those belonging to the middle-income class are families (or persons belonging to families) that have incomes between 2 and 12 times the poverty line. In 2017, a family of five would thus be middle income if its monthly income ranged roughly between PHP 20,000 and PHP 115,000.

What are the 5 social classes in the Philippines?

Upper Class – Elite.
Upper Middle Class.
Lower Middle Class.
Working Class.
Poor.

What is considered rich in Philippines?

It takes a lot of money to be among the high net worth individuals in the Philippines. If you want to achieve wealthy elite status, you will need around P5,000,000 ($102,436) in annual pre-tax income to be in the 1% and about P1,300,000 ($26,512) to be in the 10%.

THIS IS IMPORTANT: Frequent question: Is Thailand or England bigger?

What salary do you need to live comfortably in the Philippines?

As we mentioned above, living comfortably in the Philippines requires a salary between 30,000 to 40,000 pesos for locals. But an additional 10,000 pesos would be recommended if you are moving to the Metropolitan area of Manila. A total of 40-50K Pesos would be needed to live comfortably in Manila as a local.

What is a good salary in Philippines?

What is a good monthly salary in the Philippines? A person working in Philippines typically earns around 44,600 PHP per month. Salaries range from 11,300 PHP (lowest average) to 199,000 PHP (highest average, actual maximum salary is higher).

What is considered poor in the Philippines?

Based on the results of the Family Income and Expenditure Survey (FIES), the PSA said the poverty threshold per family amounted to P10,481 a month. An income below this amount would categorize a family as being poor and an income above this would mean a family is nonpoor.

What is upper class in the Philippines?

Types of Social Class in the Philippines

Income Cluster	Per Capita Income
Upper middle-income class	Between seven and 12 times the poverty line
Upper-income class (but not rich)	Between 12 and 20 times the poverty line
Rich	At least 20 times the poverty line

What’s a high annual income?

For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

Do our Ofws belong to the middle income class?

Figure 5 shows that a majority of OFWs (a third of them) belong to families in the middle class, particularly the lower middle class, while the low income and middle class have a quarter each of these OFWs.
…
Who are the middle class?

THIS IS IMPORTANT: How long can Filipino tourists stay in Canada?

Region/Group	V – Bicol Region
Poor	8.9
Low income (but not poor)	6.4
Lower middle income	3.4
Middle income	3.1