My next door neighbor is a MD, her husband, an engineer. They are not rich, but the neighborhood is mostly professional, upper middle class. Finding a house like mine as such a good price will take a month, maybe, but you could get lucky and find one in a day. Public transportation is great in Cebu City, a city of about 500,000 hospitable souls. The Philippines is the only English speaking Christian country in Asia, so communicating with the driver is not a problem.
Taxis are air-conditioned, new, and readily available.
Make that even less with the recent continued devaluation of the peso. Yesterday I went to visit a friend and my taxi fair was 25 pesos. I gave him 30 pesos, .75 US cents. He chased me when I got out of the car to give me the change, about .10 cents. He could not understand why such a big tip, or a tip at all.