Income Range Of Middle Class In The Philippines

The low income class meanwhile earns an average of p9 061 per month or around p110 000 per year. The low income class the middle income class and the high income class. Salaries range from 11 300 php lowest average to 199 000 php highest average actual maximum salary is higher.

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After middle income class only two classifications are left.

Income range of middle class in the philippines. The 14 fittest filipino celebrity couples the study by jose albert angelo santos jana. The upper income class and the rich. About a quarter are middle middle class and a tenth. Profile and determinants of the middle income class in the philippines.

This translates to around p500 000 per year. The largest industries in philippines are electronics outsourcing automotive mining and natural resources. This is the average monthly salary including housing transport and other benefits. The middle class on the other hand earns an average of p36 934 per month.

Written by marc adrian. And to answer that the philippine institute for development studies pids has released its profile and determinants of the middle income class in the philippines which also expounds on the poor rich and more. Philippines economy was in 2011 the 43rd largest on the world by its gdp. The latest family income and expenditure survey 1 by the philippine statistics authority psa shows that majority 58 4 of filipinos belong to the low income class while the middle class comprises around 40 of.

For example average salary of a cpa certified public accountant is around 360 200 php. Meanwhile china has progressed to lower. This means that among those considered middle class households 63 percent or 7 6 million households belong to the lower middle income group. Three primary social classes exist in the philippines.

The middle class plays within the gap between the poor and the rich and based on these numbers. There s been much debate about what makes one poor middle class and rich. It is estimated that it will reach the 14th position in year 2050. Atlas method stands at 3 580 which is slightly below the range for upper middle income economies gni per capita of 3 956 12 235.

The nscb also identified three predictors that are consistently significant for the high income group. 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. 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. Salaries vary drastically between different careers.

A person working in philippines typically earns around 44 600 php per month.