Who wouldn't want to live in the beautiful Philippines. Cebu itself is a province which includes 167 islands, the island of Cebu Philippines being one of them. The weather is fantastic and you have permanent access to beautiful sandy beaches as well as crystal clear water. The people are very friendly and nice to be around.
Many tourists come here and wish they could permanently live the good life. Some of these brave individuals actually take the step and begin living in Cebu City Philippines.
The currency in the Philippines in the Philippine Peso, which has been the only form of currency since 1852, coming from the Spanish silver coin. One US dollar will get you about 42 Pesos. One liter of milk, for example costs around 70 pesos and a meal at an inexpensive restaurant will cost from between 100 and 200 pesos. At the other end of the scale a three course meal for two at a nice mid range restaurant will set you back anywhere from 500 to 1000 pesos. Taxis cost around 14 pesos per 1km and gas is 53 pesos per liter. A one bedroom apartment can range from around 12,000 pesos in the city center to half of that if it outside. Monthly utilities are around 3,500 pesos for a medium sized apartment to 1500 pesos for monthly internet usage.
If you are serious about living in Cebu then you need to do some research. You need to find out exactly where you want to live. If you are concerned about health care, find out how far away the local hospital is. How do I find a local doctor, dentist, etc. You can also open a US dollar bank account here (often there is an opening balance required of anywhere from $100 to $500. You can also open a Peso account. It is advisable to leave some money back in the States and keep a bank account there. You never know when you might need something like that to help you out.
Cebu is also a friendly and safe place. They rely on their visitors and do their very best to keep them as happy as they can. Also a great plus is the fact that everyone speaks English, which is the official language of the Philippines. Of course there are other languages spoken, such as Tagalog and Visaya but everyone understands your language. Especially if you come here to retire, it might not be easy to learn a foreign language but it just isn't necessary. You will find that it is very easy to fit in with the local people.
You can buy food at the local supermarkets and there are plenty of clothes shops and shopping malls. There are also many tailors so you can wear beautiful custom made clothes for far less than some ready-made clothes in the U.S. Also just like other places, you will find electrical supplies, furniture, etc. They even have a large store called Cebu Home Builders which is the Philippine equivalent of The Home Depot.
You'll have a lot of choices in where to stay in Cebu, you can buy your on own house or maybe go for a Cebu condo in the center of the city. Living in Cebu will also let you live a great life with restaurants, bars, clubs. You can go golfing and enjoy water sports. It's just another name for paradise!