Will I save money living in Boracay Island?

"Yes, you will likely save money living in Boracay Island compared to the United States. The cost of living in the Philippines is generally lower than in the United States. This includes expenses such as housing, food, transportation, and healthcare. However, the exact amount of savings can vary depending on your lifestyle and spending habits. It's also important to note that while the cost of living may be lower, the average income in the Philippines is also significantly lower than in the United States. Therefore, if you're planning to work locally, you may not have the same purchasing power as you would in the U.S," wrote a member who made the move to Boracay Island, Philippines.

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We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.

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Universal Tax Professionals

We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
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Click connect to have our partner contact you via e-mail and/or phone.