Houses and Paychecks: How Long Should Filipinos Work to Buy a Home

This particular piece has been sent to me by leading property portal, Lamudi Philippines a few weeks back. The insight presented hit closer to home — considering one of my fondest dreams is to buy a property I can call my own. I am not alone – in fact, ask anyone Filipino (especially those from the lower middle class) on one of their fondest wishes and always on top of that is to have their own home. Because of the nature of the study, I am posting the complete press release without any revisions: 

A salaried Filipino with more than 20 years of work experience may need 128 years’ worth of his salary in order to afford a house in Makati, the Philippines’ most expensive housing market, according to global property website

On the other hand, this same salaried worker only needs 4.16 months’ worth of his salary in order to afford a home in San Jose Del Monte, Bulacan, one of the country’s most affordable markets based on average home price.

At the other end of the salary spectrum are minimum wage earners, who need to work a staggering 1,449 years in order to afford Makati’s uber-expensive houses, while 3 years’ worth of their income can buy a house in San Jose Del Monte.

These are some of the findings of Lamudi’s latest analysis using its second quarter 2015 listings data, which involve close to 15,000 houses for sale in 289 cities and municipalities across the Philippines. Lamudi’s analysis focused on the top 32 cities and municipalities with more than 100 for-sale inventories.

photo not my property
photo not my property

In order to get Filipinos’ average salary, the global property website used data from, which details the average salaries of Filipino workers based on length of professional experience, and the minimum wage for non-agricultural workers in Metro Manila, as prescribed by the Department of Labor and Employment.

Minimum-wage workers earn Php126,984 per year, while those with less than 1 year, 1–4 years, 5–9 years, 10–19 years, and more than 20 years of experience earn Php215,383, Php257,894, Php458,381, Php875,326, and Php1,430,117 annually, respectively, according to


(No. of years)

Ave. Annual Salary

(Philippine peso)

Less than 1 year 215,383
1-4 years 257,894
5-9 years 458,381
10-19 years 875,326
20 years or more 1,430,117
Minimum wage (Metro Manila) 126,984

According to Lamudi, although the results of this study does not represent all employees across all industries, it gives future Filipino homebuyers a picture on how far their income could go based on average home prices in the cities and municipalities included. Average house price range from a very high of Php184 million for Makati, to a low of Php495,999 for San Jose del Monte, Bulacan.

Following Makati as the most unaffordable housing market is Muntinlupa, where average house price stands at Php42.4 million. A salaried worker with more than 20 years’ experience and earns Php1,430,117 annually needs 29 years’ worth of his salary in order to afford a house here. On the other hand, a person who earns minimum wage needs 334 years’ worth of his salary in order to afford a home in Muntinlupa.

Meanwhile, average house price in General Trias, Dasmariñas, San Mateo, and San Jose Del Monte stand at Php1.326 million, Php1.189 million, Php549,259, and Php495,999, and where minimum wage earners will need 10, 9, 4, and 3 years’ worth of income in order to afford a home.

[See attached PDF for data]


Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 32 countries in Asia, the Middle East, Africa and Latin America, with more than 900,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. For more information, please visit

Visit Lamudi Philippines on Facebook, Twitter, Google+ and LinkedIn.

In reality, it’s a bit overwhelming to know that to have a property to your name, for people in the middle class like me  — it will probably take a long time before that can be a reality. Well, unless I bag the grand prize in the Lotto then this would be another story. While the allure of homes in Cavite or Laguna continues, this is a bit problematic, especially if you work in Makati.

My goal next year is to reassess again my finances. I am paying off a long-term loan right now, as well as investments in mutual funds and insurance. My desire to invest in real estate remains part of my long-term goals and remains on top of my bucket list.

God willing–and if blessed with better salary and revenue stream–who knows, I might be able to tick this off my list in two years time.

One Comment Add yours

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