Monthly Income Of Middle Class Philippines

Salaries range from 11 300 php lowest average to 199 000 php highest average actual maximum salary is higher.

Monthly income of middle class philippines. Middle class households tend to own their dwellings. 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. According to the agency the most basic definition of a middle income class is someone earning between two and twelve times the official poverty line further dissection of the middle income class is as follows based on monthly earnings. For this one we will be gleaning from the earlier philippine statistics authority data where the classifications are grouped into three segments.

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. 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. Distribution in of middle income and other income classes by major industry group. For example if a family s monthly income is around p80 000 can this be considered high income or middle income.

Philippines economy was in 2011 the 43rd largest on the world by its gdp. This means that among those considered middle class households 63 percent or 7 6 million households belong to the lower middle income group. Making use of data sourced from the family income. The largest industries in philippines are electronics outsourcing automotive mining and natural resources.

The middle income class is said to earn an average of p36 934 per month while the low income segment earns an average of p9 061 per month. The high income middle income and low income groups each. A person working in philippines typically earns around 44 600 php per month. This is the average monthly salary including housing transport and other benefits.

Lower middle income between two and four times the poverty line. 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. Indicative range of monthly family incomes for a family of 5 in 2015 and 2017 8 table 4. Profile and determinants of the middle income class in the philippines.

It is estimated that it will reach the 14th position in year 2050. The 14 fittest filipino celebrity couples the study by jose albert angelo santos jana. In metro manila only three fifths 58 of the middle class own their residences a third rent their dwellings 35 and. Another indicator that would factor in as a determinant of the socio economic classification is the family expenditure the ratio of the overall household expenses to the monthly income.

Share in of middle income and other income classes by type. For example average salary of a cpa certified public accountant is around 360 200 php. It is good to know that the fies report has those details unfortunately it is still not detailed enough.