Cost of Living in Singapore – Moving To Singapore in 2022

Singapore is a significant journey hub in Southeast Asia. This additionally makes it a brilliant standard vacation spot for vacationers heading to the area. It’s not simply standard with vacationers, nonetheless – it’s additionally obtained an enormous expat group. With residents from each nation on the earth represented inside its borders, the cosmopolitan metropolis entices increasingly immigrants yearly.

It is likely one of the Asian Tigers – that’s, the main monetary hubs on the east of the continent. As such, companies from internationally use town as a base. This implies there are infinite employment alternatives. Many of those roles are much better paid than their equal elsewhere on the earth. Town can be recognized for its bustling social scene the place you’ll be able to mingle with individuals from throughout the planet.

That being stated, it does have a couple of downsides. It’s sizzling, costly, and small. There isn’t numerous nature, and a lot of the current vegetation has been imported. You’ll have to cross border management to go away town, and it’s a extremely lengthy flight from each North America and Europe.

That being stated, we’re right here that can assist you weigh up your choices earlier than you depart.

We’ll say this proper off the bat – Singapore is dear. You’ve in all probability seen a variety of articles that describe it among the many least reasonably priced locations on the earth. Conversely, it’s additionally typically listed as having one of many highest qualities of life on the earth. You’ll have to discover a strategy to stability this earlier than you arrive.

Typically talking, the price fluctuates relying in your life-style. After all, cooking your entire personal meals will prevent cash, however you’ll additionally miss out on one of many largest elements of town’s social scene. In the end, it’s essential discover a joyful medium that fits you. What you rely as important won’t be a giant expense for another person.

The next desk runs by means of the most typical bills. It’s been compiled with person information from a wide range of sources.

We’ve given you a tough concept of prices within the desk above however that isn’t the whole story. Let’s take a better have a look at all the prices concerned in shifting to Singapore.

Hire in Singapore

As is the case principally in every single place else on the earth, lease shall be your largest expense in Singapore. Town-state is definitely dwelling to among the most costly leases on the earth. The overwhelming majority of properties are in built-up areas, so don’t count on any lavish villas right here. Renting a room is changing into extra frequent as of late, though non-public residences are nonetheless the preferred choice with the working inhabitants.

Talking about renting a room, you’ll have to fastidiously contemplate what sort of life-style you’re in search of. Shared residences are usually of decrease high quality than one-bedroom residences, and the price isn’t at all times that less expensive. Should you’re bringing your loved ones with you, you prices will skyrocket however are nonetheless manageable with a multiple-salary family. Hostels in Singapore do exist, nonetheless, most of them usually are not the perfect long-term choice.

Typically talking, you’ll lower your expenses by dwelling exterior of town middle, however even that is negligible. Your entire nation covers one city space and is nicely related by public transport. It’s frequent for digital nomads and lower-paid employees (corresponding to EFL tutors) to reside in Johor Bahru, however that is really in Malaysia. This may make it actually tough for people who have to journey out and in of town every day, and also you’ll be topic to 2 completely different visa processes without delay.

Singapore is a metropolis full of expats so that you’ll discover it’s very easy to get an residence organized earlier than you arrive. Should you’re staying in a bigger advanced, we advocate at the least trying out the critiques of the corporate that manages the constructing. Property Guru is the preferred web site for locating a rental property, though Fb Teams have gotten more and more helpful.

  • Room in an residence share in Singapore – $750-1000
  • Non-public (one bed room) residence in Singapore – $1300-2200
  • Luxurious (three bed room) residence in Singapore – $2500-4000

Though it’s simple to rearrange your lodging earlier than you arrive, some individuals desire to lease a Singapore Airbnb earlier than they arrive. This implies you get to view potential residences in individual and iron out every other essential points, like financial institution accounts and contracts. The property market in Singapore strikes quick, so that you gained’t want greater than a month.

Residential taxes are charged to the property proprietor in Singapore, so these shall be constructed into the value of your residence. It’s additionally fairly frequent for payments to be included in lease however be sure to verify these particulars. On the very least, water and energy ought to be included, although you need to attempt to discover a property with the web included too, as it will prevent heaps of cash.

Transport in Singapore

Singapore has an intensive public transport community connecting each nook of town. Trains, metropolitan rail, and buses are all used to maintain the whole nation related. You’ll should neglect the general public transit stereotypes of North America and Europe – the underground right here is the peak of luxurious compared. Every part is saved clear, tidy, and most significantly, reasonably priced.

One problem that you simply’ll discover in Singapore is the warmth! Public transport is saved cool with air con however there’s not a lot scope for energetic outside journey. There are a couple of cycle lanes throughout town, however you’ll be sweaty by the point you get to the workplace. Until you propose on staying proper subsequent to your workplace, you actually haven’t any alternative however to think about public transport prices.

Driving isn’t as frequent in Singapore as it’s in the US, however it isn’t unimaginable. Very like the general public transport community, the roads are saved tidy and nicely maintained. That being stated, it’s actually costly. Fuel isn’t too dangerous however shopping for and hiring a automotive gained’t come low-cost. You may even discover you spend much less on taxis than you’ll by renting a automotive. Until you propose on visiting Malaysia typically, it isn’t essentially the most economical alternative.

The primary taxi app is Seize, you can too order meals utilizing the app. It’s principally the native equal to Uber.

  • Taxi trip (airport to town) – $13
  • MRT ticket (common size journey, with native transit card) – $1
  • Automobile rental (one week) – $400

Meals in Singapore

Singapore is understood for its various delicacies. Regardless of its location simply off Malaysia’s southern tip, the most important ethnic group is definitely Chinese language. The British Colonial period additionally introduced many immigrants from India and Bangladesh to town. It actually is a melting pot of South and Southeast Asian Cuisines, with a sprinkle of European superb eating.

Consuming out is tremendous standard in Singapore. On the funds finish of the foodie spectrum, you’ll discover most locals spend an enormous chunk of their time in Hawker Centres. That is the place you will discover reasonably priced meals representing each tradition that resides in Singapore. Those that backpack by means of Singapore in addition to much more seasoned residents can have a couple of lunches in a single each week.

On the reverse finish, there are some actually excellent superb eating eating places. Although these as soon as focussed on European delicacies, they’ve now began to symbolize culinary traditions from internationally. Virtually each luxurious resort has a restaurant that’s open to the general public, a few of which include the perfect views in the whole nation.

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You’ll discover loads of supermarkets throughout town – FairPrice is the preferred. That being stated, Singapore nonetheless leans into its Asian roots with each day markets. Locals have a tendency to purchase their elements there and infrequently at way more reasonably priced costs than supermarkets. FairPrice is great for if you first arrive, however do check out the markets when you’ve settled in.

Ingesting in Singapore

Singapore’s hygienic popularity naturally extends to the faucet water. If it’s a necessity, you’ll be able to completely drink as a lot of it as you need. That being stated, it doesn’t style superb.

Singapore switched its water provide to 1 that’s largely offered by rainwater with a view to finish its dependency on Malaysia. This implies it’s extremely chlorinated, at a degree that’s nonetheless protected to drink, however positively noticeable. We advocate grabbing some bottled water – it’s solely about $1 for a 0.33l bottle, which you’ll be able to then recycle.

With regards to social consuming Singapore is, sadly, probably the most costly locations on the earth to seize a drink! Even within the cheaper nightclubs, you will discover your self spending at the least 4 instances as a lot as you’ll spend in the US.

No matter whether or not you get beer, cocktails, or wine, you’ll have to put aside a hefty funds for nights out. On common, you’re round $15 per drink.

Why Ought to You Journey to Singapore with a Water Bottle?

While there’s rather a lot that we are able to do in terms of touring responsibly, lowering your plastic consumption is likely one of the best and most impactful issues you are able to do. Don’t purchase one-use water bottles, don’t take plastic procuring luggage, and neglect straws. All of this simply results in landfill or within the ocean.

Retaining Busy and Energetic in Singapore

With a inhabitants of over 5 million, Singapore has a vibrant social scene. Skyparks, gardens, and wildlife facilities all type among the hottest actions. Though it’s a reasonably standard vacationer vacation spot, town is constructed for its residents. You’ll discover many of those standard Singapore sights cater to guests and locals alike.

Retaining energetic is essential no matter the place on the earth you’re, however it does include some challenges in Singapore. Your entire nation is an city space, so nature-based actions are fairly restricted and, because it’s actually near the equator, common highs are 80s all 12 months spherical.

Many residence blocks include a devoted health club, however grabbing an exterior membership provides you with entry to lessons the place you’ll be able to meet different individuals.

Faculty in Singapore

Schooling in Singapore is persistently ranked among the many highest on the earth! As a former UK colony, Singapore has retained its personal variations of A-Ranges and O-Ranges, which correspond to comparable requirements as English examinations. That being stated, the Worldwide Baccalaureate (IB) is massively standard within the nation, with half of all awards coming from the nation alone.

Whereas it’s attainable to ship your baby to a public faculty in Singapore, the overwhelming majority of expats go for worldwide faculties, therefore why the IB is so standard. These faculties comply with the codecs of the international locations they’re from, which means your child shall be used to the identical timetable as they’re again dwelling.

English-language faculties are the most costly, various anyplace from $13k to $25k per 12 months. Should you’re joyful to contemplate schooling in one other European or Asian language, you could find charges as little as $5k per 12 months.

Medical Prices in Singapore

Singapore has a public healthcare system however it isn’t free. The excellent news is that you simply’re at all times lined in an emergency, whether or not you’re from the world, an expat, or a short-term customer. Don’t be afraid to name an ambulance on this state of affairs. The healthcare system in Singapore is among the many greatest on the earth so that you may be sure of top-notch remedy.

That being stated, the perfect healthcare prepares you upfront so that you don’t want to fret about emergencies. Singapore has a couple of public healthcare insurance coverage choices however these typically aren’t out there to expats. Should you don’t have citizenship, you’ll have to fork out individually for every remedy or be sure to have a personal medical health insurance plan. Travelling and not using a Singapore insurance coverage can be silly.

These plans can vary anyplace from $50 to $300 per 30 days, relying on how a lot you wish to be included, in addition to any pre-existing circumstances. Like the US, it isn’t unusual for employers to incorporate these plans in your contract. Examine with them earlier than you spend cash on a plan.

Wish to be sure to’re insured from the day you arrive? SafetyWing affords a month-to-month healthcare plan which covers digital nomads, expats, and long-term vacationers. We’ve got been utilizing it ourselves for some time now and discover them to supply nice worth.

Visas in Singapore

Identical to in every single place else on the earth, you’ll want a visa to reside and work in Singapore. Fortunately, Singapore is a worldwide metropolis that has a fairly simple visa course of. You’ll want a job provide, however when you’ve obtained that sorted, issues transfer rapidly.

Should you’re coming into as a vacationer, you normally don’t want a visa (definitely not in case you’re from Europe or North America). Tourism and enterprise visits are allowed for as much as 90 days. If you wish to keep longer, or plan on visiting a number of instances per 12 months, they provide a Frequent Traveller Programme that streamlines the method for you.

Chances are high, nonetheless, in case you’re enthusiastic about shifting to Singapore you in all probability have a job in thoughts. You will want a proposal of employment to make the transfer, however fortunately Singapore companies are among the many largest employers on the earth. When you’ve obtained a job provide nailed down you’ll be able to apply for a visa with the Ministry of Manpower. You should be incomes a certain quantity with a view to qualify, however firms that rent expats normally take this into consideration.

Working as a digital nomad and not using a visa is technically unlawful however there are a couple of methods round this. Typically, your entire enterprise ought to be carried out exterior of the nation’s borders (even if you’re bodily dwelling inside them). With a 90 day restrict for vacationer visas, you’ll should make common visa runs to neighboring international locations. Fortunately, these are among the hottest locations on the earth so that you’ll have loads of choices.

Banking in Singapore

Banking is certainly one of Singapore’s largest industries, so it ought to come as no shock that the system is fairly simple to navigate. There are greater than 700 banks working inside Singapore. Should you financial institution with a multinational at dwelling there’s a superb likelihood they’ll have operations throughout the city-state.

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Many banks provide prospects the chance to open an account earlier than they arrive within the nation. You may really handle these accounts totally from overseas, however in case you’re opening one since you plan to remain within the nation, we advocate getting ready your proof as it’s going to open up your choices.

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A number of the hottest banks embody Citibank, DBS, and ABN AMRO. HSBC additionally operates within the nation and it affords free worldwide transfers from your private home HSBC account to your Singapore HSBC account.

Utilizing a card from your private home nation can incur enormous charges. Monzo and Revolut are two standard on-line banks that provide free foreign money alternate, as much as a certain quantity. Payoneer is a superb cash switch service, particularly you probably have worldwide purchasers.

Taxes in Singapore

Singapore has a progressive taxation system. Your first S$20k shall be tax-free, and this goes as much as 22% for any earnings over S$320k. That is notably decrease than many different international locations, and is a giant purpose why expats typically don’t thoughts that vast value of dwelling right here.

Regardless of these low taxes the state gives prime quality companies. Even when you issue medical health insurance and schooling into the combination, it might probably work out less expensive than increased taxation regimes in Europe and North America.

Typically talking, taxes are taken out of your paycheck. There’s an choice so that you can carry out a self-assessment yearly however we actually don’t advise this with out assist from an professional. There are many accountants on this monetary hub that can assist you out. Likewise, we additionally advocate getting an accountant in case you plan to work on a self-employed foundation.

Should you reside within the nation for lower than 183 days per 12 months you may be topic to barely increased taxes. All the time verify your tax necessities with your private home nation – the US is amongst people who nonetheless require an annual tax return from residents who now not reside there.

It’s inevitable that you should have some hidden prices when shifting to a brand new nation. On prime of the funds laid out above we advocate you funds a bit further to cowl these prices. The actual fact is, an absence of planning may be costly in a metropolis like Singapore, so it’s greatest to be sure to’re as ready as attainable.

Probably the most noticeable prices for expats is transport. Singapore is an island nation and regardless of the land bridge, there are noticeable export expenses between the city-state and Malaysia. Whether or not you’re getting your favourite furnishings shipped from dwelling, or just sending a present to family members, it might probably actually add up. Try some primary transport prices earlier than you propose your transfer because the extra you do without delay, the more economical it’s.

It’s additionally inevitable that you simply’ll wish to fly dwelling generally. Singapore Airways, while highly-rated, is tremendous costly. That being stated, they principally have a monopoly on flights in and overseas from Europe and North America. A less expensive various is taking funds airline Scoot to a neighboring nation and flying from there, however this isn’t at all times essentially the most handy, and might generally lead to double backing on your self.

Singapore is the most secure nation in Southeast Asia however accidents nonetheless occur. We’ve already talked about how healthcare is a requirement. SafetyWing affords medical health insurance for expats and digital nomads heading to a wide range of international locations around the globe, however that’s not the one insurance coverage you need to contemplate.

Singapore is likely one of the few nations exterior of the trail of pure disasters, however we nonetheless advocate you look into contents insurance coverage to your belongings. Journey insurance coverage doesn’t really cowl you when you’ve moved there, so have a look at a life insurance coverage plan that can embody repatriation to your private home nation within the case of an excessive emergency.

Month to month funds, no lock-in contracts, and no itineraries required: that’s the precise form of insurance coverage digital nomads and long-term traveller sorts want. Cowl yo’ fairly little self when you reside the DREAM!

SafetyWing is reasonable, simple, and admin-free: simply enroll lickety-split so you will get again to work! Click on the button beneath to study extra about SafetyWing’s setup or learn our insider evaluation for the complete tasty scoop.

Now that we’ve obtained the prices out of the best way, let’s speak in regards to the different points of life in Singapore. You may need to spend a bit greater than you’ll elsewhere on the earth, however it’s completely price it.

Discovering a Job in Singapore

Singapore is notoriously costly, however the excellent news is that that is solely the case in case you’re bringing your private home foreign money. When you’ve began incomes the Singapore greenback you’ll discover your earnings matches the price of dwelling. Remember that most firms are nicely conscious that in the event that they’re going to rent expats they’ll have to supply an inexpensive wage.

Most expats discover a job earlier than they even arrive in Singapore. It’s a significant monetary hub in Asia, so all the standard multinationals are represented. You may have already got a job lined up with an organization you’re working for in your house nation, however normally, these jobs are provided by recruiters. Singaporean job boards normally concentrate on low-skilled employment for locals fairly than expat careers.

Because it’s in Southeast Asia, you may assume that educating English is a well-liked alternative, however that is really one of many hardest cities within the area to seek out this type of work. Visas have a minimal earnings requirement and English language faculties will wish to get extra bang for his or her buck. You’ll must be nicely skilled to get this type of work in Singapore.

The place to Stay in Singapore

Singapore is a small and well-connected city-state. It’s positioned totally on one island with bridges connecting it to Malaysia’s mainland. The general public transport system is great so that you don’t want to fret an excessive amount of about which neighborhood you find yourself in. Should you’ve already obtained a job lined up, you’ll seemingly be given some suggestions out of your employer.

You don’t have to go to the nation earlier than you determine on a spot, however it’s price doing a bit little bit of analysis on the place to remain in Singapore. It’s often called a pristine and protected metropolis, however there are nonetheless a couple of areas you wish to keep away from. Attempt to discover an space that has every part you want inside a brief stroll so that you’re not having to maneuver round an excessive amount of within the scorching warmth.

Marina Bay

Marina Bay may be the latest neighborhood in Singapore, however it has already grow to be the financial hub of town. Whenever you have a look at images of Singapore’s tremendous trendy metropolis middle, you’re really Marina Bay. That is the place lots of the metropolis’s resorts, vacationer sights, and luxurious eating places are positioned.

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It’s additionally seemingly near the place your organization shall be based mostly, making it an ideal alternative for people who desire to remain centrally. The massive MRT Station within the coronary heart of the world additionally retains you nicely related to the remainder of town.

Little India

Keep in mind after we talked about how multicultural Singapore is? Little India is simply one of many many neighborhoods that showcases this. This cultural enclave was as soon as dwelling to town’s South Asian inhabitants, and there are nonetheless many indicators of this to this present day. Festivals like Diwali, fragrant eating places, and colourful clothes all keep the area’s historical past.

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As of late, it has grow to be a bit extra multicultural, opening as much as different expats from internationally. Nonetheless, Little India additionally stays probably the most reasonably priced areas within the metropolis, good in case you’re in search of a superb deal on lease.


Identical to Little India, Chinatown showcases its historical past as a cultural enclave. The Chinese language inhabitants is definitely the most important ethnic group within the metropolis as of late, though the inhabitants at massive is usually nicely built-in with the multicultural vibes.

Chinatown has retained a lot of town’s cultural heritage which has been misplaced in every single place. It’s additionally probably the most standard locations for foodies with among the best-priced (and most mouth-watering) Hawker Centres within the metropolis.


Sentosa is certainly one of Singapore’s most unique neighborhoods. It was once the commercial coronary heart of town however after this trade left, it was ignored for many years. Lately it has been redeveloped into one of many largest vacationer locations within the metropolis. It’s now dwelling to a theme park, casinos, and loads of theaters.

Regardless of all these sights, it maintains a peaceable vibe within the evenings. This makes it a superb space for households shifting to town. It’s a bit bit expensive however reasonably priced in case you’re making two incomes.

Singapore Tradition

Singapore is a melting pot of many various cultures. With Chinese language, Indian, and Malaysian teams making up the majority of the inhabitants, it maintains a distinctly Asian vibe. That being stated, the nation’s time as a British colony may be seen round each nook. You’ll discover lots of the extra trendy sights and eating places have a distinctly European really feel.

Town continues to be a preferred vacation spot for European and North American expats, and these populations are inclined to combine with the locals. There’s a bit one thing for everybody within the metropolis, whether or not you’re into the excessive arts and superb eating, or desire native leisure and avenue meals.

Singapore is an unimaginable metropolis with rather a lot to supply residents, however that doesn’t imply it’s good. As with something in life it comes with its professionals and cons. It’s essential to stability these various factors earlier than merely diving proper in and making a life-changing alternative. Listed below are among the key factors to remember.

Singapore is fairly costly so it isn’t as standard with digital nomads as different cities within the area, however that doesn’t should put you off. Singapore is a superb spot to recharge after the hustle and bustle of the remainder of the area. Digital nomads will uncover a pristine, calm oasis with tons to do and even some nice free actions.

When you look previous the price of dwelling, you’ll discover a metropolis that’s very amicable to digital nomads. In some ways, it’s simply nearly as good a primary cease in Asia as a recharging level. You’ll be capable to ease your self into the tradition with out getting too overwhelmed. It has an already multicultural inhabitants, so that you’ll have loads of scope to socialize and make mates from internationally. On prime of that, there are infinite issues to place in your Singapore itinerary, which can hold you busy when you shut your laptop computer.

Web in Singapore

With an web penetration of 99%, Singapore is likely one of the best-connected cities on the earth. The preferred networks are Singtel, Starhub, M1, and MyRepublic. All of them present fiber-optic broadband, preserving you related on the quickest speeds attainable. It doesn’t matter the place on the earth you’re speaking with – in lots of instances, you’ll discover it’s even quicker than your broadband again dwelling.

That being stated, Singapore isn’t a digital hub, it’s a monetary hub. Because of this web prices can get a bit bit expensive. Should you’re reserving an residence for a couple of months we advocate going for one the place web prices are included. This protects you numerous effort with set up, and usually some huge cash too.

Digital Nomad Visas in Singapore

Singapore doesn’t have a digital nomad visa scheme. Formally, it’s unlawful to work while visiting the nation, however in actuality, you’ll get away with it so long as you aren’t conducting enterprise with Singaporean companies or utilizing Singaporean banks. For many digital nomads, this retains you nicely throughout the guidelines.

The 90-day restrict on staying in Singapore solely counts for a single journey, so you’ll be able to go away and re-enter as a lot as you see match. Visa runs are frequent, with neighboring Malaysia providing budget-friendly options. Scoot is a funds airline that operates from Singapore to most of Southeast Asia, and even so far as Australia.

Co-working Areas in Singapore

Co-working areas are discovered throughout town, with worldwide chains corresponding to WeWork having a number of places. This affords you a extra sociable various to working at dwelling and normally comes with some nice companies. Apart from the standard advantages of co-working areas, you’ll rapidly come to understand the little issues, like air-conditioning throughout the sizzling months.

The issue with these areas is that they’re typically tremendous costly. We advocate what space you wish to work in. Take into account a suburb if you wish to lower your expenses. Domestically run co-working areas (that also have good critiques) are available at round $250/month. This may exceed $500/month for a metropolis middle chain. Should you’re able to take the danger with low critiques, you may discover a couple of locations skimming $100/month.

Remaining Ideas on Singapore Dwelling Prices

So do you have to up and transfer to Singapore? That basically will depend on what you need out of life. Singapore is a superb vacation spot for a excessive wage, a vibrant social life, and trendy leisure. That being stated, it’s additionally sweltering sizzling and tremendous costly. We love town, however it’s not for everybody. We hope this information has helped you make your resolution.

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