I AGREE WITH FEMALE_EXPAT
5,000.00 USD = 217,300.03 PHP
i just used a converter to check at least and for you to know how much 5k USD is equivalent to pesos.
as you can see it's more than enough.
if an average family (with 4-5 members),with this kind of income a month, they can live in a house with 3 floors, complete with 5 bedrooms, 5 toilets/bathrooms, with LCD tvs, all kinds of appliances, a PC, a car/van, 2 family members studying in a private school --- plus they can pay for the water and electricity bills.
so, more likely you can even save money to your bank account if family members are not very techy/ materialistic, non-shopaholic and concern about the environment.