Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Makati

For one person, living is cheaper in Makati: $1,228 a month against $2,223 in Lisbon, rent and utilities included – about $11,900 less a year. Rent and utilities account for most of the difference.

107

Cost of Living Index in Lisbon
Learn more

Lisbon Living Index
60

Cost of Living Index in Makati
Learn more

Makati Living Index

Jump to prices

Lisbon

🇵🇹 Portugal

$2,223

/mo nomad

Makati

🇵🇭 Philippines

$1,228

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon and in Makati

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Lisbon and in Makati actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,223 in Lisbon versus $1,228 in Makati.

Lisbon $2,223
Makati $1,228

Estimated couple costs with rent: $3,271 in Lisbon versus $2,028 in Makati.

Lisbon $3,271
Makati $2,028

Monthly costs for a family of three with rent: $4,319 in Lisbon versus $2,828 in Makati.

Lisbon $4,319
Makati $2,828

Living in Lisbon is roughly 81% more expensive than in Makati, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Lisbon is 65% above, Makati is 9% below.

Meal at Budget Restaurant

$16.50 €14.67

$6.22 ₱392

165.27%

Three-Course Dinner for Two, Mid-Range

$61.3 €54.5

$39.57 ₱2,491

54.79%

Fast Food Meal (McDonalds, etc)

$11.27 €10.03

$4.88 ₱307

130.94%

Cappuccino

$3.06 €2.72

$2.55 ₱161

20.00%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.26 €2.01

$1.06 ₱67.0

113.21%

Water (0.33 liter bottle)

$1.73 €1.54

$0.50 ₱31.54

246.00%

Local Beer (0.5 liter draught)

$3.39 €3.02

$2.38 ₱150

42.44%

Imported Beer (0.33 liter bottle)

$3.40 €3.02

$3.21 ₱202

5.92%

Milk (1 liter)

$1.12 €1.00

$1.90 ₱120

-41.05%

White Bread (500g)

$1.86 €1.65

$1.29 ₱81.5

44.19%

Rice (white) (1kg)

$1.53 €1.36

$1.06 ₱67.0

44.34%

Eggs

$3.96 €3.53

$2.47 ₱155

60.32%

Local Cheese (1kg)

$12.76 €11.35

$7.29 ₱459

75.03%

Chicken Fillets (1kg)

$7.90 €7.02

$4.86 ₱306

62.55%

Beef Round Steak (1kg)

$16.97 €15.09

$7.03 ₱442

141.39%

Apples (1kg)

$2.27 €2.02

$4.04 ₱254

-43.81%

Banana (1kg)

$1.75 €1.55

$1.94 ₱122

-9.79%

Oranges (1kg)

$1.85 €1.64

$3.22 ₱203

-42.55%

Tomato (1kg)

$2.57 €2.28

$2.29 ₱144

12.23%

Potato (1kg)

$1.86 €1.65

$3.48 ₱219

-46.55%

Onion (1kg)

$2.02 €1.80

$3.59 ₱226

-43.73%

Lettuce (1 head)

$1.44 €1.28

$1.06 ₱66.8

35.85%

Water (1.5 liter bottle)

$0.82 €0.73

$1.11 ₱69.7

-26.13%

Cigarettes 20 Pack (Marlboro, Camel)

$6.56 €5.83

$2.69 ₱169

143.87%

Wine (Bottle)

$5.62 €5.00

$8.11 ₱511

-30.70%

Local Beer (0.5 liter bottle)

$1.28 €1.14

$1.32 ₱82.9

-3.03%

Imported Beer (0.33 liter bottle)

$2.07 €1.84

$1.98 ₱124

4.55%

One-way Ticket (Public Transport)

$2.35 €2.09

$0.90 ₱56.4

161.11%

Public Transport Monthly Pass (Regular Price)

$44.18 €39.30

$56.8 ₱3,575

-22.19%

Taxi Start (Normal Tariff)

$3.99 €3.55

$0.67 ₱41.91

495.52%

Taxi (Normal Tariff) (1km)

$1.09 €0.97

$0.21 ₱13.16

419.05%

Taxi 1hour Waiting (Normal Tariff)

$16.64 €14.81

$1.93 ₱121

762.18%

Gasoline (1 liter)

$2.28 €2.03

$1.25 ₱78.8

82.40%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$33.7K €30.0K

$21.3K ₱1.3M

58.41%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$39.3K €35.0K

$19.6K ₱1.2M

100.86%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$167 €149

$153 ₱9,620

9.61%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$18.80 €16.72

$16.06 ₱1,011

17.06%

Internet (50+ Mbps, Unlimited Data)

$33.09 €29.43

$32.37 ₱2,038

2.22%

Gym Membership (Monthly)

$46.01 €40.93

$54.9 ₱3,456

-16.16%

Tennis Court (1 Hour on Weekend)

$19.19 €17.07

$14.14 ₱890

35.71%

Cinema Ticket

$9.84 €8.75

$7.22 ₱454

36.29%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$677 €602

$794 ₱50.0K

-14.76%

International Primary School, 1 Child (Yearly)

$16.9K €15.1K

$7,321 ₱460.9K

131.12%

Jeans (Levis 501 Or Similar)

$101 €90.1

$61.2 ₱3,850

65.56%

Summer Dress (H&M, Zara, etc)

$45.76 €40.70

$36.86 ₱2,321

24.15%

Sport Shoes (Adidas, Nike)

$100.0 €88.9

$81.5 ₱5,129

22.75%

Men's Leather Business Shoes

$123 €109

$103 ₱6,510

18.74%

1-bedroom Apartment, City Center (Monthly)

$1,614 €1,436

$815 ₱51.3K

98.09%

1-bedroom Apartment, Outside City Center (Monthly)

$1,197 €1,065

$417 ₱26.3K

186.82%

3-bedroom Apartment, City Center (Monthly)

$2,862 €2,545

$2,274 ₱143.2K

25.85%

3-bedroom Apartment, Outside City Center (Monthly)

$1,990 €1,770

$1,069 ₱67.3K

86.17%

Buy Apartment in City Center (m2)

$7,577 €6,740

$5,869 ₱369.5K

29.10%

Buy Apartment Outside City Center (m2)

$4,307 €3,831

$3,738 ₱235.4K

15.21%

Average Monthly Net Salary (After Tax)

$1,588 €1,412

$601 ₱37.9K

164.05%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

7.5

-48.67%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Lisbon: October 11, 2026

Last update for Makati: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Lisbon

$1.2K 53.9%

Makati

$417 34% 65.1% $780

Groceries & Markets

Lisbon

$269 12.1%

Makati

$231 18.8% 14.1% $38

Eating Out

Lisbon

$242 10.9%

Makati

$120 9.7% 50.6% $123

Monthly Utilities & Internet

Lisbon

$219 9.9%

Makati

$201 16.4% 8.3% $18

Clothing & Footwear

Lisbon

$166 7.5%

Makati

$127 10.4% 23.5% $39

Sport & Entertainment

Lisbon

$66 3%

Makati

$69 5.6% 5.5% $3.6

Getting Around

Lisbon

$63 2.8%

Makati

$62 5.1% 1.5% $0.9

Cost Breakdown

A one-bedroom apartment in the center runs $1,614 in Lisbon and $815 in Makati. Housing cost is often the main lever when comparing two cities.

Lisbon pays 164% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $61.0 in Lisbon vs $40.00 in Makati for a mid-range dinner for two. Groceries echo the gap at $269 vs $231 per month, with Makati cheaper across the board.

Good to know

🇵🇹 Lisbon

🇵🇭 Makati

🕒 Local time

22:56 10:56 PM

05:56 5:56 AM

7 h ahead of Lisbon

🌤 Weather

👥 Population

545,923 Capital

582,602

💱 Currency

Euro EUR €

Philippine Peso PHP ₱

📈 Exchange rate

1 EUR = 1.12 USD

100 PHP = 1.59 USD

100 PHP = 1.41 EUR

Exchange rates and currency converter

PHP, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 18, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Philippine Peso exchange rates as of October 18, 2026: 1 USD = 62.96 PHP (100 PHP = 1.59 USD). 1 EUR = 70.78 PHP (100 PHP = 1.41 EUR).

USD to EUR in detail →

On the map

Lowest

Highest

Between locations

Lisbon Makati 12,150 km ≈ 16 h nonstop flight

From you

Lisbon
Makati

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Lisbon vs Makati: Cost of Living - Frequently Asked Questions

Lisbon and Makati differ by about 81% in total monthly costs ($2,223 vs $1,228 including rent). Makati is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 164% higher in Lisbon, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,614 in Lisbon versus $815 in Makati. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $677 in Lisbon versus $794 in Makati. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 16% higher in Lisbon. For households that cook at home regularly, that difference adds up over a month.

At $1,228 in Makati versus $2,223 in Lisbon, a $1,000 budget is realistic in Makati but tight or insufficient in Lisbon. The gap between the two cities makes Makati the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Lisbon and Makati are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Makati gentler on the wallet – expenses run 81% less than in Lisbon. Beyond cost, consider language, visa policies, and how big the international community is in each city.