Retire on $985 Month Camiguin Island Philippines

Camiguin Island Philippines Cost of Living  
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This is my Retire on $985 Month in Camiguin Island Philippines.

For those people that just learned about me, I teach you how to drop out of normal life and live the international life for half of what you thought possible.

I was first in the Philippines 11 years ago but I had not started sharing retire cheap in paradise information at that time. But now I am. I have been to 65 countries so far and I know where to have a good time on a tight budget.

You are either in charge of your life or somebody else is in charge of your life. I have done my share of dancing for others. I don’t dance for anyone anymore.

I am not judging anyone that has not gotten to this place in life. I spent more time than I like taking orders from others. Those days are over for me.

I intend to encourage you to cut the strings attached to you. Being accountable to others is bearable if you have an end date in mind.

If you are thinking of living the international lifestyle on a shoestring budget, you are in the right place. Everyone else wants you to slide into home-base driving a Rolls Royce after hitting a home run. That is not my goal, but you need to make that decision for yourself.

Maybe you are more like me. You might be happy driving an older VW camper van onto a secret beach that nobody else is talking about. Maybe you want freedom a decade or two ahead of schedule. There is a world for everyone. I wouldn’t let anyone define you.

Today we are talking about how to retire on $985 Month in Camiguin Island Philippines. But I know about 50 other of the best retire cheap destinations. Just subscribe and hang around for a few weeks to see if international retirement is for you.

Camiguin Island Philippines Cost of Living

You may need to start thinking differently if you intend on retiring internationally. First, watch my video of the Top 10 Mistakes International Retirees Make, link provided.

There is no need to display wealth when you live in many parts of the world. Try to fly under the radar. Just the fact that you flew to another country to experience adventure will alone make you interesting to the locals. There is no need to embellish the details leading to your geographic freedom.

I suggest you enjoy your freedom without any fanfare.

Start easy and slow and keep a tight budget. Live more like a local instead of trying to create your old life in a new country.

You will not only save money on food, accommodations, and transportation, but people won’t feel like you are trying to impress them. Sometimes it attracts the wrong crowd, but it never attracts the right crowd.

A nice dish in a local restaurant in Camiguin Island is around 150 Pesos ($3.00 USD) per person. That same dish in a tourist restaurant could easily cost three times as much. You may even try a food cart around the main market that serves a nice 100 pesos meal ($2 USD).

Locals easily find middle-class one-bedroom apartments for $250 USD per month. Yet, if you want a high-end apartment in a new building, you could spend double or more. We show you a one-bedroom apartment in our food and life video that rents for 8000 pesos per month ($180 USD).

The below numbers are higher than discussed in the previous paragraph, but that is because they are for temporary visitors by the week or night and include utilities. So, you should be able to save a little in rent and a little more by cooking at home which should help you meet your goal to retire on $985 Month in Camiguin Island Philippines.

Estimated Cost of Living Table for Camiguin Island






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Here is a free report explaining, “How The Cost of Living Table Works

This estimated cost of living for one month, for one person, as a temporary visitor. It only includes rent, 2 meals per day, and local transportation. I usually only eat one or two meals per day. For a full understanding of what it would cost you to live here, visit Numbeo for Camiguin Island and add any items you spend money on.

Never move anywhere until you have visited first personally to verify the living costs for your lifestyle and needs. I am not guaranteeing these prices. These are just my notes and estimates from the time of my visit and this post. Your costs will likely be drastically different depending on lifestyle and the time since this post.

Here are the livability factors I would use to determine whether or not you could Retire on $985.00 Month in Camiguin Island Philippines.

Camiguin Island Livability Factors

High means a factor is very livable, Low means it is not. Medium means that factor is in the middle of the spectrum.

Walkability: High. You could live in the largest city in Camiguin called Mambajao and walk to everything. But chances are you would want to get out in nature and enjoy this beautiful island. So you would need to either ride a bike around or jump on one of the motorized tricycles that move all around the island for 10 pesos ($0.20 USD). You could also buy a used scooter for around $500.

Internet: Medium. Luckily we found an Airbnb place that had fast Internet (first place). So, it is not impossible on the island but it may take some effort. You have to carefully read the reviews before booking.

Food: Medium. Food was a challenge on the island if you are on a tight budget. You better learn to cook at home and only eat out a few times per week.

Weather: High. Average daily highs of 90F/32C are in April. The average daily lows for the year are 29C/84F from December through February. The rain varies by season. In January over 10 inches (244 mm) of rain falls spread over 17 days per month, whereas in April, 4.3 inches (109 mm) of rain falls on average over about 10 days of the month.

Things to Do: High if you are a nature lover. Medium if you love city life. There is hiking, biking, swimming, snorkeling, running, boating, fishing, and scuba diving.

Expats: Medium. The locals speak English. You will see Expats walking around, but it is mostly locals. Here are some web pages of locals and ex-pats that may have answers to specific questions you have about Camiguin Island. Camiguin Expats. Camiguin Island. Camiguin Island (2).

Medical: Medium. Camiguin Island General Hospital is just an island so the services might be limited. Here are the top 5 hospitals in nearby Cagayan de Oro. I recommend asking the ex-pats and locals on the Facebook pages (above) before an emergency happens.

Exploratory Visa: High. For your exploratory visit to the Philippines, Americans (and Malaysians) can obtain a 30-day free visa stamp upon arrival at the international airport. We were able to get a 29-day extension for a total of 59 days in less than an hour. It cost us $60 USD to extend 29 days Davao. We needed only your passport and the money there. There is no longer a picture required for the extension application which you can complete in 5 minutes at the office. I am told, you can get additional extensions of up to 6 months with some proof of solvency. As stated in my “Top 10 Mistakes International Retirees Make,” I recommend you spend several months here (at least 3 to 6 months), before considering obtaining a retirement visa.

Retirement Visas: High. There is a Visa program for people 35 to 49 years of age if you are healthy, active, and able to deposit $20,000 in an approved Filipino retirement account. This Visa allows you to live in but not invest in the Philippines and you can pay extra for dependents. You just need the money, a medical clearance, and a police clearance. The most popular visa allows investment in the Philippines and requires a larger deposit. For those 35 to 49 years, with a $50,000 deposit, or those over 50 years with a $10,000 deposit, either, that can also show $800 monthly income for individuals or $1,000 for couples, you will have the right to invest in the Philippines. Or, if you are over 50 years, you can avoid proving income with a $50,000 deposit. Income requirement can be shown with Social Security Administration proof stating your benefit amount.

Real Estate: High. Rents are cheap. This is not professional advice. But I would not buy real estate in the Philippines. If someone recommends that you buy in the Philippines, they probably have a conflict of interest with you. Just lease month to month. The rents are cheap and you can just hand the keys back to the landlord when you leave. If you want to own real estate, buy in a more economically safe country (i.e. USA) and live off the rents in a cheap country like the Philippines. Hire a property manager to manage your real estate at home. Some people will tell you clever ways to get around the limitations of buying property here, but I suggest you balance their advice against what they will gain personally if you buy.

Banking: Medium. This is not professional advice. Leave your money in your home country bank and take money out as needed at ATMs. When you are in a foreign country, it is much easier to get into a mess than to get out of one. If you want to store money outside your home country, don’t put it in developing country banks. Put it somewhere safe, like Switzerland. If you decide to put money in the banks here to get a visa, you will probably end up fine. Just understand the risks are higher.

Pollution: High. Camiguin Island is a small island on the ocean so the air quality is amazing. Although it is not unusual to see single-use bags strewn about the city or piles of garbage in open fields in SE Asia, that was not as big a factor here.

Camiguin Island Overall Desirability Score: High for nature lovers and medium for cultural explorers.

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Camiguin Island Facts and History

Here are some interesting Camiguin Island facts and history.

Camiguin Island is located in the Bohol Sea about 10 KM (6.2 miles) off the northern coast of Mindanao. Mambajao is the largest town on the island.

The island is famous for the lanzones and the Lanzones Annual Festival. The festival is the third week of October and

Spanish records indicate that Ferdinand Magellan landed in Camiguin in 1521 with the first Spanish settlement being established in 1598.

A later larger Spanish settlement was founded in 1679 which was destroyed by the volcano of 1871 which was located where the Old Spanish Church ruins still exist today.

Mambajao, the largest town on the island today, was established by the Spanish in 1855. In the early 1900s, Mambajao was the largest northern trading port in Mindanao.

The Americans landed on the island in 1901 during the Philippine-American War. On that day, Valero Camaro became the first Philippine hero of the independence movement when he was killed resisting Americans.

In 1942, the Japanese arrived and stayed during World War II.

Camiguin gained independence from America on July 4, 1946.

The island is 14 miles long and 9 miles wide. In the last census of 2015, about 90,000 people lived here. The island is about 95% Roman Catholic.

The economy consists mainly of agriculture, fishing, and tourism.

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This is Dan of Vagabond Buddha. Thank you for your interest in our Retire on $985 Month Camiguin Island Philippines information. The world is your home. What time will you be home for dinner?

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