American Retirement in the Philippines


*AUTHOR’S NOTE – Many of us Americans did not save enough for retirement. It’s time for a reality check. If we did not save for retirement, it’s time to make a plan. It’s better to start looking for a retirement place that we can afford AND enjoy. The longer we put off finding the right retirement place for us, the more difficult it will be to retire comfortably…soon.

My husband and I will be retiring in a couple of years. We are doing this research in advance for our own benefit. We are unsure if we will be able to afford a quality retirement life here in the U.S. when the right time comes, so we searched overseas.

We were looking for a country where the cost of living is affordable, where the climate is mild (not too hot/not too cold), where living is safe and secure, where people will welcome us, and where there is no language barrier. Many of the best options for enjoying an enormously enriched retirement lifestyle on even a very modest budget can be found overseas, especially in Asia.

Well, what do you know? We’ve found the country that’s exactly just that – with affordable cost of living, a tropical climate, relatively peaceful, American-friendly, and English-speaking people! We have agreed – our choice for our retirement is the Philippines! This little country seemed to be the best place for American retirement!

Knowing that there are other retirees on the same boat as we are, I am sharing this research with you. With the help of a native, I am presenting the Philippines to you, so you can pick your own location. I am sure anywhere we choose, we will enjoy a quality retirement life that we so deserve!

My posts will help you decide exactly where in the Philippines you would like to retire. We have different outlooks in life – some prefer to retire near the beach, some in the farm, some in the city, some couldn’t care less! You can view my posts about the different places in the Philippines, and find an area that you feel has a certain connection to you. Have a tour of the Philippines and visit that place, and find the connection, before you retire there permanently. I hope I can be of help.






As a retiree, we should also carefully consider the financial pros and cons of the area we’re considering  for our retirement.   The Philippines has a stable economy and has weathered many storms and has remained stable for a long period.

Is the Philippines a Third World Country?


The term Third World arose during the Cold War to define countries that :

  1. remained non-aligned with either capitalism and NATO (which along with its allies represented the First World
  2. or communism and the Soviet Union (which  along with its allies represented the Second World).

  3. or countries that were unaligned with  either the Communist Soviet bloc or the Capitalist NATO bloc during the Cold  War (which represented the Third World).

This definition provided a way of broadly categorizing the nations of the Earth into three groups based on social, political, and economic divisions.

By the end of the 1950’s the term was frequently employed in the French media to refer to the underdeveloped countries of Asia, Africa, Oceania, and Latin America.


When they say underdeveloped countries they were referring to countries like Laos, North Vietnam, etc. NOT countries like Japan and the Philippines.

Nowhere in my research did I encounter a list of Third World countries that included the Philippines.  The Philippines is NOT a third-world country!

The national economy of the Philippines is the 33rd largest in the world (out of 193 ranked), with an estimated 2010 gross domestic product (nominal) of $189 billion.  Their major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. Their unit of currency is the Philippine peso (₱ or PHP).

The exchange rate of US dollars to Philippine Peso is approximately US $1 = PHP ₱40-45.00.  Please check the currency exchange on the right column to get the current exchange rate.

For retired seniors in the US, this may be the most highly motivating factor to consider when finding a retirement home!  Imagine multiplying our money by 40 or even 45?  We will be surprised how far our $100 can go, especially if we “belong to old school,” where being frugal means being practical. POST#7



How much do you spend in the US now? Can you still afford to have a quality life in the US?



More on Cost of Living Comparison: US and Philippines

More on Cost of Living Comparison: Los Angeles and Manila

More on Cost of Living in Different Countries 



4 Responses to “Cost of Living in the Philippines”

  • I am shocked at the comparison between the costs in the US and the costs in Philippines! Their prices are almost a third of ours! It really shows HOW FAR OUR DOLLARS WILL GO if we live in the Philippines. It’s a big factor to consider! Please post more information for people like me who have very little to survive in America!

  • It is very clear that living in the Philippines is advantageous to us, American retirees. However, my husband was a war veteran and lived there for quite a while. I am afraid that if we go there to retire, a biological child of his might pop up! I am not ready for this kind of reality at this time! LOL!

  • Great work! That is the kind of information that are meant to be shared around the web. Shame on Google for no longer positioning this submit upper! Come on over and discuss with my site . Thank you =)

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