Average Income Of Middle Class In The Philippines
Who Are The Middle Class
Who Are The Middle Class
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After middle income class only two classifications are left.
Average income of middle class in the philippines. This translates to around p500 000 per year. With an earned masters degree they grosses php 1 354 634. This is the average monthly salary including housing transport and other benefits. This is 334 02 lower of what masters degree degree holders earn.
In the philippines according to the most recent research done by national statistical coordination board now known as the philippine statistics authority only 3 out of 20 households belong to the middle class population with two thirds of them residing in urban areas. Written by marc adrian. Average salary in the philippines job and sector comparison. The middle class on the other hand earns an average of p36 934 per month.
In metro manila only three fifths 58 of the middle class own their residences a third rent their dwellings 35 and. Salaries vary drastically between different careers. A person working in philippines typically earns around 44 600 php per month. Gross monthly average income 2 compulsory deductions 3 weekly hours 4 airline pilot average salary.
Salaries range from 11 300 php lowest average to 199 000 php highest average actual maximum salary is higher. The low income class meanwhile earns an average of p9 061 per month or around p110 000 per year. 2018 20 december 2018 profile and determinants of the middle income class in the philippines the pids discussion paper series constitutes studies that are preliminary and subject to further revisions. The middle class plays within the gap between the poor and the rich and based on these numbers.
Based on the same poverty threshold number the former must make between p125 772 and p209 620 in a month and the latter anything beyond those numbers. The upper income class and the rich. About three in every four 74 middle income households reside in dwellings that they own while 23 percent of the middle class rent and 3 percent are informal settlers. Various government officials have been trumpeting with increasing frequency that the philippines is set to join the ranks of upper middle income countries by 2019.
Discussion paper series no. While workers with bellow h. School education earn the least with an average gross income of php 309 833. Middle class households tend to own their dwellings.
The nscb also identified three predictors that are consistently significant for the high income group. Net monthly income constant 2005 us 1 notes.
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