Exploring the Top 10 Richest City in the Philippines in 2023 -

As the Philippines’ economy continues to grow and evolve, several cities are emerging as critical players in wealth and development. In fact, according to recent reports, it is estimated that by 2023, certain cities will experience significant growth and become among the richest in the country.

One such city is Makati, which has long been a hub for business and commerce. With its prime location within Metro Manila and world-class infrastructure, Makati is poised for even more success in the coming years. Another city set to experience significant growth is Cebu City, which has already established itself as a major centre for information technology (IT) and business process outsourcing (BPO) industries.

Other cities on this list include Quezon City, Davao City, Taguig City, Pasig City, Parañaque City, Muntinlupa City, Mandaluyong City and Angeles City – all of which have unique characteristics that make them desirable destinations for investors and entrepreneurs alike. With their strong economic performance over the years and strategic positioning within critical regions across the country – these cities are set to boost further Philippines’s position as a leader in Southeast Asia’s economic landscape.

This article explores the top 10 most prosperous cities in the Philippines in 2023. The Philippines is a rapidly developing country; its cities are at the forefront of this growth. These cities are known for their economic opportunities, high quality of life, and rich cultural heritage. We will look closer at these cities, including their area, population, and famous places to visit. By the end of this article, you will better understand the top 10 wealthiest cities in the Philippines and what makes them unique.

Summary of the Top 10 Richest City in the Philippines in 2023

City Name	Area (km²)	Population (as of 2020)	Famous Places
Makati	21.57	583,281	Ayala Triangle Park, Greenbelt Mall, Makati CBD
Quezon City	166.2	3,126,441	Quezon Memorial Circle, UP Diliman, Maginhawa
Pasig	31	807,192	Kapitolyo, Tiendesitas, Pasig River
Manila	42.88	1,780,148	Intramuros, Rizal Park, Manila Baywalk
Zamboanga	1,414.70	978,859	Pasonanca Park, Merloquet Falls, Fort Pilar
Cebu	315	922,611	Magellan's Cross, Santo Niño Basilica, Taoist Temple
Caloocan	53.33	1,583,978	Bonifacio Monument, Tala Leprosarium, San Roque Cathedral
Marikina	21.52	486,206	Marikina Sports Center, Marikina River Park, Our Lady of the Abandoned Church
Calamba	149.5	454,486	Rizal Shrine, Calamba Church, Hot Spring Resorts
Cagayan de Oro	488.87	728,432	Mapawa Nature Park, St. Augustine Cathedral, Museo de Oro

Table of Contents

Top 10 Richest Cities in the Philippines

1. Mkati city

Makati is considered the financial centre of the Philippines, with numerous multinational companies and financial institutions headquartered in the city. It is located in the Metro Manila region of the country, with a total land area of 27.36 square kilometres.

As of the latest census conducted in 2020, the population of Makati stands at 601,893. The city has a highly urbanized population density of 22,000 per square kilometre. Makati is known for its upscale residential neighbourhoods, shopping centres, and entertainment districts.

Makati is governed by a local government unit headed by the Mayor, responsible for the city’s management and development. The city has a diverse economy, with a significant portion of its workforce in the service sector. In addition to being the country’s financial hub, Makati is also a centre for real estate, tourism, and cultural activities.

One of the most prominent landmarks in Makati is the Ayala Triangle Gardens, a 2-hectare park located at the heart of the central business district. The park is known for its landscaped gardens, fountains, and sculptures, making it a popular spot for leisure and recreational activities. Makati is also home to several shopping malls, including Ayala Center, which features high-end retail brands, dining options, and entertainment centres.

Regarding transportation, Makati is connected to other cities in Metro Manila through several major highways, including the South Luzon Expressway and Epifanio de los Santos Avenue (EDSA). The city also has its public transportation system, with buses and jeepneys providing transport services within and outside the city.

Makati is a bustling metropolis with a dynamic mix of business, leisure, and cultural activities. With its strategic location, diverse economy, and modern infrastructure, Makati is poised to remain one of the top cities in the Philippines for years to come.

2. Quezon City

Quezon City is one of the most populated cities in the western Philippines. Located in the National Capital Region (NCR), it is the largest city in terms of land area, covering 166.2 square kilometres.

As of the latest census conducted in 2020, Quezon City has a population of 2.96 million people, making it the most populous city in the Philippines. The city has a diverse population, with various ethnic and linguistic groups residing within its borders. The predominant language spoken in Quezon City is Filipino, the Philippines’ national language.

Quezon City is home to many important government institutions, including the Batasang Pambansa Complex, which serves as the headquarters of the Philippine House of Representatives. It also hosts several major universities, such as the University of the Philippines Diliman, Ateneo de Manila University, and Miriam College.

Aside from being a centre for government and education, Quezon City is also known for its vibrant culture and entertainment scene. The city has several popular malls and commercial centres, such as the Ayala Fairview Terraces, Trinoma, and SM City North EDSA. These malls offer many shopping, dining, and entertainment options for locals and tourists alike.

One of the most iconic landmarks in Quezon City is the Quezon Memorial Circle, a tribute to the city’s namesake, former Philippine President Manuel Quezon. The circle features a large monument of the president and several museums and parks.

Overall, Quezon City is a thriving and bustling metropolis that offers a unique blend of history, culture, and modernity. Its large population and diverse community make it a hub for economic and social activity in the Philippines.

3. Pasig City

Pasig is located in the eastern part of Metro Manila, Philippines. It has a total land area of 31.6 square kilometres and a population of approximately 807,000 as of 2020. Pasig is one of the most populated cities in Metro Manila and is known for its rapidly growing economy and urban development.

One of the most famous landmarks in Pasig is the Pasig River, which runs through the city and is a major transportation route. The city is also home to several Mercian and business districts, including the Ortigas Center, the largest and most influential business district in Metro Manila.

Aside from its economic significance, Pasig is known for its rich cultural heritage. The city has several historical sites and landmarks, such as the Immaculate Conception Cathedral, one of the oldest churches in Metro Manila, and the Pasig City Museum, which showcases the history and culture of the city.

Regarding entertainment and leisure, Pasig has several shopping centres, restaurants, and bars. One of the most popular destinations in the city is the Tiendesitas. This shopping complex features a variety of stores and restaurants, as well as an animal park and a pet village.

Overall, Pasig is a city that combines modern urban development with rich cultural heritage and leisure activities. With its growing economy and strategic location in Metro Manila, it is no wonder that Pasig is one of the top cities in the Philippines.

4. Manila City

Manila, the capital of the Philippines, is one of the most populated cities in the world, with a population of approximately 1.78 million people as of 2021. The city covers a land area of 42.88 square kilometres and is located on the eastern shore of Manila Bay.

Manila has a rich history and is known for its cultural and historical landmarks. One of the most famous attractions is the walled city of Intramuros, built during the Spanish colonial period in the late 16th century. The area is filled with old buildings and churches, including the Manila Cathedral and San Augustin Church, which are UNESCO World Heritage Sites.

Other popular tourist attractions in Manila include the Rizal Park, the National Museum of Fine Arts, and the Manila Ocean Park. The city also hosts annual events and festivals like the Feast of the Black Nazarene and the Manila International Book Fair.

Apart from its cultural and historical landmarks, Manila is also a major economic centre in the Philippines, with several large corporations and businesses operating there. The city’s economy is primarily driven by its service sector, which includes business process outsourcing (BPO), finance, and tourism.

In recent years, Manila has faced several challenges, such as traffic congestion, pollution, and urban poverty. The city government has implemented various initiatives to address these issues, including implementing a bike-sharing program and rehabilitating the Pasig River, which runs through the city.

Overall, Manila is a city rich in history and culture, with a bustling economy and a diverse population. Despite its challenges, the town thrives and attracts tourists and investors worldwide.

5. Zamboanga City

Zamboanga is a highly urbanized city in the Philippines’ western part of the Mindanao region. It is considered the third-largest city in terms of land area and the sixth-most populous city in the country, with a population of approximately 861,799 as of 2020.

Zamboanga has a land area of 1,414.7 square kilometres and comprises two major islands, Basilan and Sulu, and the mainland. It is known for its rich culture and history, as it was once the centre of trade and commerce during the Spanish colonial era.

Aside from its historical significance, Zamboanga is also home to several famous places and tourist destinations. One of the most notable is the Fort Pilar Shrine and Museum, a historical and religious landmark in the heart of the city. It is a shrine dedicated to the Lady of the Pillar, who is the patroness of Zamboanga.

Another popular attraction in the city is the Great Sta. Cruz Island is also known as the Pink Beach due to its unique pink sand. The island is part of the Zamboanga Peninsula and is known for its crystal-clear waters and diverse marine life, making it a perfect spot for snorkelling and scuba diving.

Zamboanga is also known for its rich cuisine, a fusion of Malay, Chinese, and Spanish influences. Some of the most famous dishes in the city include the curacha, a type of crab, and the knickerbocker, a popular dessert made from layers of ice cream, fruits, and syrup.

In terms of the economy, Zamboanga is considered one of the fastest-growing cities in the Philippines, with its economy driven by various industries such as agriculture, fishing, and manufacturing. The city is also home to several educational institutions, including Western Mindanao State University, Ateneo de Zamboanga University, and Universidad de Zamboanga.

Overall, Zamboanga is a city that offers a unique blend of history, culture, and natural beauty, making it a must-visit destination for tourists and locals alike.

6. Cebu City

Cebu is a province in the Visayas region of the Philippines, located in the central part of the country. It is composed of the main island and 167 smaller islands and islets. Cebu is a highly urbanized province known for its rich culture, historical landmarks, and beautiful beaches.

The total land area of Cebu is approximately 4,944 square kilometres, with a population of around 4.6 million as of 2021. The province comprises 44 municipalities and six component cities, including the highly urbanized cities of Cebu City, Mandaue, and Lapu-Lapu. Cebu City is the largest city in the province and serves as the centre of commerce, trade, and industry.

Cebu is famous for its historical landmarks, such as Magellan’s Cross, which is believed to have been planted by the Portuguese explorer Ferdinand Magellan in 1521. It is also home to the Basilica del Sto. Niño houses the country’s oldest religious relic, the Sto. Niño de Cebu. The province is also known for its stunning beaches, such as Moalboal, Bantayan Island, and Malapascua Island, which attract local and international tourists.

Aside from tourism, Cebu is also known for its furniture, fashion accessories, and processed food exports. The province is a significant player in the country’s export industry and has a vibrant business environment. Cebu also has a thriving BPO (Business Process Outsourcing) industry, with many international companies operating in the province.

Cebu has a rich history, vibrant culture, and booming economy. Its diverse attractions and business opportunities make it a top destination for travellers and investors.

7. Caloocan

Caloocan is one of the highly urbanized cities in the Philippines, located in the northern part of Metro Manila. It has a land area of 53.33 square kilometres and a population of around 1.6 million people as of 2023, making it the fourth most populous city in the country. Caloocan is also known for its rich history, culture, and heritage.

The city is divided into two congressional districts, with 188 barangays or neighbourhoods. The northern part of Caloocan is primarily residential, while the southern part is highly industrialized. The city has been experiencing rapid urbanization and development, with several commercial centres, malls, and high-rise buildings being built in recent years.

Caloocan is known for its many landmarks and tourist destinations. One of the most popular is the Bonifacio Monument, located at the centre of Caloocan City. This monument commemorates the life and works of Andres Bonifacio, one of the country’s most prominent national heroes. Another notable landmark is the Caloocan City Hall, one of the country’s oldest city halls, dating back to the early 1900s.

Regarding culture and heritage, Caloocan is home to several historical churches and sites. One of the most prominent is the Barasoain Church, located in the neighbouring city of Malolos, Bulacan. This church played a significant role in the country’s history, serving as the site of drafting the Malolos Constitution, which established the First Philippine Republic in 1899.

Caloocan also has several notable schools and universities, including the University of Caloocan City, a state university offering a wide range of undergraduate and graduate programs. The city also has several public and private hospitals, including the Caloocan City Medical Center, which provides medical services to the city’s residents.

Overall, Caloocan is a bustling and vibrant city with many urban and cultural experiences. Its rich history, cultural landmarks, and tourist destinations make it popular for locals and tourists alike. With its continued development and progress, Caloocan is poised to become one of the leading cities in the Philippines.

8. Marikina City

Marikina is a highly urbanized city in the eastern part of Metro Manila in the Philippines. It is one of the sixteen cities and one municipality that comprise the region. With a total land area of approximately 21.5 square kilometres and a population of around 450,000, it is considered one of the smaller cities in Metro Manila.

The city of Marikina is situated along the eastern border of Metro Manila. It is bounded by the municipality of San Mateo in Rizal Province to the east and Quezon City to the west. It is known as the “Shoe Capital of the Philippines” because of its thriving shoe industry, a significant contributor to the city’s economy.

Marikina is also home to several famous tourist destinations, such as the Marikina Sports Center, a multi-purpose sports facility hosting various local and international sports events. The city is also home to the Marikina River Park, which offers a scenic view of the Marikina River and is a popular destination for picnics and other outdoor activities.

In terms of its economy, Marikina is primarily driven by its shoe industry, which generates significant employment opportunities for its residents. In addition to the shoe industry, the city is home to several manufacturing and service-oriented companies, contributing to its overall economic growth.

The local government of Marikina is highly focused on improving the quality of life of its residents. It has implemented several programs to provide its residents better access to healthcare, education, and other essential services. It has also invested in developing infrastructure, such as roads, bridges, and public transportation, to improve connectivity within the city.

Overall, Marikina may not be as popular as other cities in Metro Manila. Still, it has a lot to offer in terms of its thriving shoe industry, scenic tourist destinations, and overall quality of life.

9. Calamba City

Calamba is a highly urbanized city in the province of Laguna, Philippines. It is located in the southern part of the province and has a total land area of 149.50 square kilometres. According to the Philippine Statistics Authority, the population of Calamba as of 2020 is 454,486, making it the 9th most populous city in the Philippines.

The city is known for being the birthplace of the Philippine national hero, Dr. Jose Rizal, and is home to many historical sites related to him. The Rizal Shrine in Calamba is a popular tourist destination and a museum showcasing Rizal’s life and works.

Aside from historical sites, Calamba also boasts natural attractions such as hot springs and resorts. The city is surrounded by mountains and forests, making it an ideal location for nature lovers. One of Calamba’s most famous natural attractions is the Pansol Hot Spring Resort, a favourite among locals and tourists alike.

Calamba is also a growing industrial city with various manufacturing and industrial companies. Some major industries in Calamba include automotive, electronics, and food processing. The city’s proximity to Metro Manila and other major cities in the CALABARZON region has made it an attractive location for investors and businesses.

In terms of transportation, Calamba is accessible through various highways and expressways. The city has a bus terminal and a train station, making it easy for commuters to travel to and from Metro Manila and other nearby provinces.

Calamba is a dynamic city with a rich history, natural attractions, and a growing economy. Its strategic location and accessibility make it a great place to live, work, and visit.

10. Cagayan De Oro

Cagayan de Oro is a highly urbanized city in the Northern Mindanao region of the Philippines. With a total land area of 488.86 square kilometres, it is the eighth most populous city in the country, with a population of over 700,000 as of the 2020 census.

The city is a popular destination for tourists because of its natural attractions, such as the majestic Maria Cristina Falls, the scenic Macahambus Hill Cave, and the tranquil Gardens of Malasag Eco-Tourism Village. Other must-visit destinations include the Mapawa Nature Park, St. Augustine Cathedral, and the Plaza Divisoria, where the famous Golden Friendship monument stands.

Cagayan de Oro is known for its booming economy and thriving business and commercial sectors. It is home to several major shopping malls, such as the SM CDO Downtown Premier, Centrio Mall, and Limketkai Center. The city is also a central hub for trade and commerce in the region, with several industries such as agriculture, manufacturing, and services contributing to its economic growth.

One of the city’s notable festivals is the Higalaay Festival, held annually in August to honour the city’s patron saint, St. Augustine. The festival features a colourful street parade, dance competitions, and cultural shows, showcasing the city’s rich culture and heritage.

Cagayan de Oro is also a hub for education, with several prestigious universities and colleges in the city. These include Xavier University – Ateneo de Cagayan, Liceo de Cagayan University, and Capitol University.

The city is air-accessible, with the Laguindingan Airport as the main gateway to Cagayan de Oro. It is also connected to major regional cities by land transport, with several bus companies offering daily trips to and from the city.

Overall, Cagayan de Oro is a dynamic and vibrant city with a rich cultural heritage, a thriving economy, and abundant natural resources, making it an ideal destination for tourists, investors, and students.

Conclusion

In conclusion, the Philippines has several prosperous and thriving cities, each with unique charm and character. The top 10 wealthiest cities in the Philippines in 2023 are a mix of metropolitan and provincial areas, showcasing the country’s diverse landscape.

Makati, Quezon, and Pasig emerged as the top three wealthiest cities, each with impressive economic growth, infrastructure development, and a high standard of living. These cities are home to various commercial and business establishments and several famous tourist attractions.

Manila and Cebu are among the top 10 cities, with bustling urban centres and rich cultural heritage. Both cities have experienced significant economic growth in recent years, leading to a rise in new business opportunities and a growing population.

Zamboanga, Caloocan, Marikina, Calamba, and Cagayan De Oro are among the top 10 wealthiest cities in the Philippines, each with unique qualities and economic strengths. These cities offer various job opportunities, world-class healthcare facilities, and excellent education systems.

Overall, the top 10 wealthiest cities in the Philippines are a testament to the country’s economic growth and development, showcasing the potential for further progress and prosperity in the years to come.

FAQ | Top 10 Richest City in the Philippines 2023

What are the top 20 richest provinces in the Philippines?

The top 20 richest provinces in the Philippines, based on the 2020 Annual Financial Report of the Commission on Audit (COA), are as follows:
Batangas
Cavite
Rizal
Bulacan
Laguna
Negros Occidental
Cebu
Pampanga
Quezon
Pangasinan
Iloilo
Tarlac
Nueva Ecija
Davao del Sur
Isabela
Camarines Sur
Bohol
Misamis Oriental
Leyte
Albay

What is the 5th richest city in the Philippines?

Based on the 2020 Annual Financial Report of the Commission on Audit (COA), the 5th richest city in the Philippines is Quezon City.

What is the top richest state in Philippines?

The Philippines does not have states. It is divided into 17 regions, each consisting of several provinces. However, the National Capital Region (NCR), which is composed of 16 cities and one municipality, is the wealthiest region in the country.

Is Philippines a big rich country?

The Philippines is not a big rich country compared to other nations. According to the International Monetary Fund, the Philippines has a Gross Domestic Product (GDP) of approximately $376 billion as of 2021, which is smaller than the economies of neighboring countries like Indonesia and Vietnam.

What is the poorest region in Philippines?

Based on the 2020 Annual Financial Report of the Commission on Audit (COA), the poorest region in the Philippines is the Autonomous Region in Muslim Mindanao (ARMM), which is composed of five provinces.

Where do rich Filipinos live?

Rich Filipinos live in various parts of the country, but many of them reside in exclusive villages and subdivisions in the National Capital Region (NCR), particularly in Makati, Taguig, and Quezon City.

Where is the most expensive city in Philippines?

The most expensive city in the Philippines is Makati, which is known for its upscale neighborhoods, high-end shopping malls, and luxurious condominiums.

What is the 1 richest city?

Based on the 2020 Annual Financial Report of the Commission on Audit (COA), the richest city in the Philippines is Makati.

What is the 10 richest city?

Based on the 2020 Annual Financial Report of the Commission on Audit (COA), the 10 richest cities in the Philippines are as follows:

Makati
Quezon City
Manila
Pasig
Cebu City
Caloocan
Marikina
Davao City
Zamboanga City
Calamba

What is the little rich city in the country Philippines?

It is not clear what is meant by the term "little rich city." However, there are several small cities in the Philippines that are known for their high economic growth rates and potential for development, such as Santa Rosa in Laguna, Ormoc in Leyte, and San Fernando in Pampanga.

What is the richest surname in the Philippines?

The richest surname in the Philippines is Sy, which belongs to the family behind SM Investments Corporation, the country's largest retail conglomerate.

What is the most kind city in the Philippines?

Most kind city in the Philippines as kindness is subjective and can vary depending on personal experiences and perceptions. However, there are several cities in the Philippines that are known for their hospitality and friendliness towards visitors and locals alike. These cities include Bacolod, Davao, Cebu, Baguio, and Iloilo. These cities have a reputation for being warm and welcoming, with residents who are always willing to lend a helping hand or offer a smile. Ultimately, kindness can be found in any city in the Philippines, as the Filipino culture is known for its hospitality and generosity towards others.