I'm a city boy and I guess I should chime in to correct everyone here.
thoughts:
If you want city living. great nightlife. good food. almost american culture (can get almost anything you want) go and live in makati, yes traffic is usually bad IF you are going into makati. Something like going to downtown new york. when you're there it isn't as bad.
As per cost of living in makati. $1000 for a condo is great already. $1500 should get you a nice place, check rockwell, the residences or anything made by ayala should be good.
If you're serious and you need help pm me and i'll refer you.
Total cost of high living: probably around $2500-3000 a month due to rent being $1500. driver $150-250 maid: $100-150 (highclass) food etc: $400 is already a good amount another $300 for going out etc. this can vary depending on your taste. I basically live off around $400 a month and save almost all my IM money haha.
The figure above is already luxurious living. just so you know.
Also consider moving to taguig city or to the southern part of manila where I stay which is a perfect mix of suburban and city living
Cebu:
Cleaner area, been there once. perfect if you're looking for a mix of a relaxed city and places that are near the beach. nightlife is so so but has improved the past few years.
Pampanga/clark:
Where the foreigners are. good if you're looking for bar girls. other than that there are beaches etc but nothing really special. YES I AM BIASED

Also good if you're looking for those.
Just my 2 cents. Man staying here and earning IM money plus building your own team is the perfect setup, smart, hardworking and english speaking staff is worth it. take it from me
Plus the beer here is around $.70-$2.00 (high end bars) which is cheap just like most 3rd world countries. perfect for IM people.