Average Salary in the Philippines: Trends and Analysis for 2024

Many of us prefer to work in a place that brings in not only a good salary but also the professional and growing environment.  That said, the Philippines is becoming the hub for offering jobs, an expert and skilled workforce, and competitive salaries especially in comparison with the developed countries such as the UK, Switzerland, or the USA.

But what is the average salary in the Philippines in the first place?

Before you apply for a job in any country, it’s always wise to know the average salary ration and how they pay their employees.

So if you are about to apply for a job especially in the Philippines, you have just landed on the right page. Here we will cover the average salaries in the aforementioned countries of different professions so that the talk becomes more insightful. 

That is the single most asked question that many people are still asking about. So in this post, we will talk about the various topics and how the trends and analysis for average salary are given the current year, 2024.

Average Salary in the Philippines

So the Average Salary in the Philippines (annually) is approximately 537,000 PHP, which becomes about USD 9574.41.That is according to the Salary Explorer.

Whereas the average monthly salary is about 44,800 PHP, that is USD 800.12 according to Salary Explorer. And if you talk about the salaries ranging from lowest average it’s about 11,300 PHP and the highest average is 199,000 PHP.

Now let’s have a quick look on the average salaries of different profession, in Philippines.

Also Read: Strategic Planning for Expats’ Wealth Building

Median Salary

Talking about the stats of the Salary Explorer, the median slay in the Phillips around 41,300 PHP. In simpler form, it means that half of the natives, (50% Philippines earns) less than that and other 50% of the Philippines earn more than the average salary of the median. The income if median means the average income of middle aspect of revenue distribution

Minimum Wage

Talking about the minimum wage, the minimum wage rate for non-agriculture is PHP 610.00. Whereas for the agriculture, Service/Retail Establishments employing 15 workers or less, Manufacturing regularly employing less than 10 workers PHP 573.00.

These stats are according to the National Wages and Productivity Commission of the Philippines. 

For metro Manila, the average minimum wage can different on the basis of classification of the enterprise, with charges starting from around PHP 500 to PHP 700 per day for non-agricultural sectors.

Average salary in Philippines depending on different professions;

Average Salary Dependence

As you might have guessed, the average salary in any country depends on many factors and the Philippines is not an exception. 

The actual salary of any employee depends on different factors such as educational background, regional rates, and of course the experience and skills in the particular field.

However, the more skilled and professional you are , the better salary you will receive . For IT professionals it’d be 50,000 to PHP 100,000 or more monthly and for finance and bankers, it would be 30,000 to PHP 100,000 or better monthly.

Also, keep in mind that the average salary factor in the Philippines can also or vary depending on the location. For example, each city offers a different average salary to the employees. Here is a more direct explanation.