The average annual salary in the Philippines is roughly $4,068 (approximately 221,076 Philippine pesos), based on a 2022 survey by the Philippine Statistics Authority. This translates to about 339 USD per month. Average family income is estimated at around $6,358 (approximately 353,230 Philippine pesos) per year.
Here’s a more detailed breakdown:
- Average Annual Salary:The most recent data from a 2022 survey by the Philippine Statistics Authority (PSA) indicates an average yearly wage of 221,076 Philippine pesos, which is approximately $4,068 USD.
- Average Monthly Salary:Extrapolating from the annual salary, the average monthly wage in the Philippines is roughly 18,423 Philippine pesos, which is around $339 USD.
- Average Annual Family Income:A 2023 report by the PSA estimated the average household income in the Philippines to be 353,230 Philippine pesos, or roughly $6,358 USD. This is 15% higher than the 2021 estimate.
- Factors Affecting Salary:Salaries in the Philippines can vary significantly based on industry, experience, location, education, and the size of the company. For example, construction and maintenance workers generally earn more than those in the scientific sector.
- Minimum Wage:The minimum wage for non-agriculture workers in the private sector in the National Capital Region (NCR) is ₱645 per day. This is a recent increase from previous levels.
- Freelancing:Freelancing has become a common way for Filipinos to earn higher incomes, sometimes combining multiple freelancing jobs.
