Municipalities of The Philippines - Income Classification

Income Classification

Municipalities are divided into income classes according to their average annual income during the last three calendar years:

Class Average annual income
First PHP 50 million or more
Second PHP 40 million or more but less than PHP 50 million
Third PHP 30 million or more but less than PHP 40 million
Fourth PHP 20 million or more but less than PHP 30 million
Fifth PHP 10 million or more but less than PHP20 million
Sixth below PHP 10 million

Read more about this topic:  Municipalities Of The Philippines

Famous quotes containing the word income:

    “We commonly say that the rich man can speak the truth, can afford honesty, can afford independence of opinion and action;—and that is the theory of nobility. But it is the rich man in a true sense, that is to say, not the man of large income and large expenditure, but solely the man whose outlay is less than his income and is steadily kept so.”
    —Ralph Waldo Emerson (1803–1882)