Florence, ItalyDavao, Philippines
You would need around 82.7% less money in Davao, Philippines to maintain the same standard of living you have in Florence, Italy.
Overall Cost of Living
Davao, Philippines is cheaper than Florence, Italy
1-Bed Rent (City Center)
Groceries (Monthly)
Average Net Salary
Editorial Insight: Planning a move from Florence, Italy to Davao, Philippines? Based on our verified data model, you are looking at a fantastic geo-arbitrage opportunity. Overall, the cost of living in Davao, Philippines is 82.7% cheaper. Housing is typically the biggest financial win—renting a 1-bedroom apartment in Davao, Philippines's center costs around 284 USD, which is a staggering 80.6% less than in Florence, Italy. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.
Reviewed by the Remote Wealth Editorial Team
Our cost of living data for Florence, Italy and Davao, Philippines is compiled using our rigorous verification methodology. We combine millions of data points from reliable sources to ensure you get the most accurate financial comparison for your relocation.
Read more about our team →Salary Comparator
Find out exactly how much you need to earn in Davao, Philippines to maintain your current lifestyle in Florence, Italy.
You need in Davao, Philippines
361 USD
Geo-Arbitrage FIRE
Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.
By moving from Florence, Italy to Davao, Philippines and investing the 83% cost of living difference, you could reach FIRE 10.0 years earlier.
Budget Simulator
Instantly adapt your Florence, Italy budget to local Davao, Philippines prices. We automatically adjust housing, groceries, and leisure categories.
Investment Planner
You save 1181 USD every month on rent alone by moving to Davao, Philippines.
Investing this rent difference in an S&P 500 index fund could grow to ~198,408 USD in 10 years.