Top 10 Richest Cities in the Philippines by Assets

Philippine cities ranked by total assets from the Commission on Audit (COA) 2024 Annual Financial Report on local government units, as reported by Philippine news outlets.

#	Name	Total assets (₱ billion)	Share	vs prev.
🥇	Quezon City National Capital Region	489.9	—	= 0
🥈	Makati National Capital Region	246.1	—	= 0
🥉	Manila National Capital Region	92.8	—	= 0
4	Taguig National Capital Region	54.2	—	▲1
5	Pasig National Capital Region	53.8	—	▼1
6	Iloilo City Western Visayas	39.5	—	new
7	Parañaque National Capital Region	38.2	—	▼1
8	Davao Davao Region	37.4	—	▲1
9	Mandaue Central Visayas	35.8	—	▼2
10	Mandaluyong National Capital Region	34.1	—	▼2

🥇

Quezon City

= 0

489.9

🥈

Makati

= 0

246.1

🥉

Manila

= 0

92.8

4

Taguig

▲1

54.2

5

Pasig

▼1

53.8

6

Iloilo City

new

39.5

7

Parañaque

▼1

38.2

8

Davao

▲1

37.4

9

Mandaue

▼2

35.8

10

Mandaluyong

▼2

34.1

• ⚠ Primary figures follow Philstar The Freeman / IMT reporting of COA’s 2024 AFR. The official COA PDF was not re-downloaded for this build.
• ⚠ Philstar’s prose listed Taguig 4th at ₱54.17B and Pasig 5th at ₱54.77B (inconsistent). IMT listed Taguig ₱54.2B and Pasig ₱53.8B, matching the stated order — we use IMT’s consistent pair for ranks 4–5 and Philstar’s more precise figures elsewhere.
• ⚠ Iloilo City entered the top 10 in 2024; Cebu City dropped out of the top 10 by assets.