Average Salary 2024 Philippines 2024. However, increase budgets are easing back to around 5.0% in 2024 as compensation and hr professionals adjust to increases that are well above budgets in the prior two decades (around 4.0%). Salaries in philippines range from 11,300 php (starting salary) to 199,000 php (maximum average salary, actual maximum is higher).

The monthly average income in the philippines is php 18,423, influenced by industry, skill sets, and regional cost of living. Should projections hold, the philippines is expected to, once again, show significant growth in 2024, demonstrating its resilience despite various global economic pressures (exhibit 1).