Philippines vs South Korea — Full Cost of Living Comparison (2026)
Updated March 2026
Philippines has a cost of living index of 36.0 with average 1BR rent around $410/mo, while South Korea sits at 64.0 with rent near $920/mo. Below is the full side-by-side breakdown for digital nomads, expats and remote workers weighing a move.
| Metric | Philippines | South Korea | Winner |
|---|---|---|---|
| Mortgage Interest Rate | 7.50% | 4.50% | South Korea |
| Savings Account Interest Rate | 3.50% | 3.40% | Philippines |
| Credit Card Interest Rate (APR) | 28.0% | 14.0% | South Korea |
| Average Rent (1BR City Centre) | US$410/mo | US$920/mo | Philippines |
| Real Estate Price (per m²) | US$3,200/m² | US$11,500/m² | Philippines |
Summary
Philippines has a higher mortgage rate than South Korea at 7.50% vs 4.50%. Rental costs in Philippines average $410/month compared to $920 in South Korea, while the cost of living index sits at 36.0 versus 64.0. Overall, the two countries trade strengths across financial and lifestyle metrics.
Which is better for you?
Take the 30-second quiz to find your best match.
Start quiz →Full country profiles
Also compare
How we calculate this
Cost of living, rent, mortgage, savings and tax figures combine official sources (World Bank, central banks, national statistics offices) with crowdsourced price data, refreshed regularly. Full breakdown: read our methodology.
Want to compare more countries?
Build your own side-by-side with any two countries in our database.
Open the compare tool →