Cost of living in Singapore: Your guide

Singapore is a incredible expat vacation spot, providing an thrilling cultural combine, nice profession alternatives, and world class facilities. The usual of dwelling is excessive – however life in Singapore doesn’t come low cost. That mentioned, for those who’re a pupil or dwelling on a hard and fast earnings, you can also make some easy life-style adjustments to profit from your cash. By buying, consuming and having fun with leisure time like an area, you possibly can lower prices and have a extra genuine expertise.

Whether or not you’re retiring, briefly relocating, or transferring to Singapore for good, it’s useful to have an image of what life there’ll value as an expat. Right here’s a fast information to the price of dwelling in Singapore.

How costly is Singapore compared to the UK, EU, USA and Australia?

The official forex in Singapore is the Singapore greenback which is written as SGD on forex exchanges, and S$ in retailers and eating places.

You could find out the precise worth of your cash in SGD through the use of a web based forex converter – however right here’s a tough information to what it’s on the time of writing:¹

  • $1000 = S$1345
  • £1000 = S$1855
  • €1000 = S$1565
  • AU$1000 = S$1005

Evaluating primary value of living1 bed room flat in metropolis centre (month-to-month hire)Lunch for two (3 programs, mid vary restaurant)Transportation (month-to-month move) Singapore²2,820 SGD80 SGD120 SGD London, UK³3,148 SGD111 SGD297 SGD New York Metropolis, USA⁴4,173 SGD135 SGD175 SGD Berlin, Germany⁵1,513 SGD78 SGD130 SGD Sydney, Australia⁶2,712 SGD100 SGD218 SGD

One main issue that provides expense for expats in Singapore is the price of changing money to SGD from their house forex. Even when your financial institution says it presents fee-free cash change, you could be certain its lower is rolled up within the change charge it makes use of.

To get one of the best deal, it’s best to use an change service comparable to Sensible, which provides you the actual, mid-market change charge – the identical charge you discover on Google. You may also open a Sensible multi-currency account. With a fast service, and low clear charges to switch your cash, this generally is a significantly better deal than relying in your financial institution.

Be part of Sensible at this time

What are the final dwelling bills for Singapore?

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One of many main elements figuring out how costly life in Singapore can be, is the place you select to reside. Rental costs are pretty excessive, however transfer exterior of the town heart and you may hire in Singapore for a lot much less.

Residing bills in Singapore (excluding hire)Common value Single particular person, per month²1,336 SGD Single particular person, per year²16,032 SGD College pupil, per year⁷6,000 SGD 4 particular person household, per month²4,865 SGD 4 particular person household, per year²58,380 SGD

What’s the common wage in Singapore?

The salaries in Singapore are pretty excessive basically. On the subject of expat earnings, it’s doing very effectively in response to sure surveys. In actual fact, one by ECA Worldwide exhibits Singapore to be the fifth on the earth in terms of expat salaries.⁸

Additionally, one of many nice issues about dwelling right here is that the state is actively making an attempt to lift the earnings of lower-wage staff. Varied plans and techniques are being made to be able to get nearer to a extra equal society.⁹

In the event you’re curious about realizing extra about wage averages, learn on. Take a look at what you might earn in Singapore:

Wage averages for Singapore¹⁰Average wage Cashier19,664 SGD Copywriter49,412 SGD Monetary analyst78,767 SGD Graphic designer37,077 SGD Cellular developer73,492 SGD Product manager77,996 SGD Receptionist25,535 SGD Software program engineer66,804 SGD Teacher52,164 SGD Net developer51,739 SGD

How costly is housing and lodging in Singapore?

As of 2020, over 80% of individuals in Singapore are owners, which is a really excessive quantity.¹¹

This is because of a well-developed public housing system made doable by the Housing and Improvement Board (HDB). Though the state residences are eligible for a 99-year lease, Singapore residents also can purchase them.

Though you’re a foreigner, it is nonetheless doable to discover a good rental in Singapore. You probably have an employment move, a pupil move or sure different paperwork, you will have the identical rights as Singapore natives.¹²

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Your landlord will inform you of this, however take into account that you possibly can’t hire a property for lower than 3 months.¹³

This 12 months, the rental prices have barely dropped. Nonetheless, Singapore is pretty steady in terms of hire costs.¹⁴ Right here’s what you possibly can anticipate:

Renting in Singapore²Average month-to-month value One bed room flat/condominium (metropolis centre)2,861 SGD One bed room flat/condominium (exterior of metropolis centre)1,913 SGD Three bed room condominium (metropolis centre)5,466 SGD Three bed room condominium (exterior of metropolis centre)3,178 SGD Internet45 SGD Utilities (gasoline, electrical and water for a 85m2 condominium)160 SGD

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What about healthcare and dental prices in Singapore?

The healthcare system in Singapore could be very robust, in each the state and personal sector. The general public sector is financed via the Medisave contributions that everlasting residents pay every month. So, for those who’re a everlasting resident, most of your medical prices are coated.¹⁵

Since non-resident expats don’t fall into this class, their public healthcare payments could be fairly huge. That’s why most of them have personal medical insurance. The personal sector will value virtually the identical as the general public, nevertheless it ensures much less ready time and higher providers.¹⁵

The costs can fluctuate, so it’s greatest to examine earlier than selecting a health care provider. Right here’s an summary of some primary costs in terms of Singapore healthcare:

Healthcare service¹⁶Average value Quick go to to personal physician (quarter-hour)58 SGD Chilly drugs for six days11 SGD 1 field of antibiotics (12 doses)13 SGD

How a lot is journey and transport in Singapore?

Among the best choices when getting round Singapore is utilizing its Mass Fast Transit (MRT) subway system. Not solely is it quick, nevertheless it’s additionally low cost and clear. In the event you get the rechargeable EZ-Hyperlink card, it can save you much more cash.¹⁷

You may go for taking the bus or taxi as effectively, each cheap. Driving is dearer, since parking can value loads. Nonetheless, UK expats will discover driving right here straightforward, since folks in Singapore additionally drive on the left.¹⁷

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Take a look at the costs you possibly can anticipate in terms of journey and transport in Singapore:

Transportation and car costs for Singapore²Average value Gasoline (1 litre / 0.25 gallon)2.26 SGD Month-to-month bus/transport pass120 SGD Bus ticket, single use1.83 SGD Taxi begin (regular tariff)3.51 SGD Taxi tariff 1km (regular tariff)0.9 SGD Toyota Corolla, new108,017 SGD VW Golf, new120,000 SGD

How a lot does training value in Singapore?

Non-public training in Singapore is very valued, and comes at a price. A 12 months’s highschool tuition in UWC South East Asia, for instance, may run as much as practically 50,000 SGD¹⁸.

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Relying on the sphere and stage of research, the schooling charges on the Nationwide College of Singapore go as much as round 160,000 SGD. Additionally, the charges could be totally different for worldwide college students.¹⁹

Unsurprisingly, requirements are excessive – the Singaporean training system is often ranked as top-of-the-line on the earth.

SchoolAverage value Preschool / kindergarten (month-to-month payment)²⁰160-320 SGD Unbiased faculties (month-to-month payment)²¹300-2,500 SGD Nationwide College of Singapore tuition (new worldwide college students, undergraduate, enterprise, one 12 months)¹⁹20,550-32,250 SGD Singapore Administration College tuition (new worldwide college students, bachelor programme, one 12 months)²²24,500-47,320 SGD

Singapore is an thrilling place to be, whether or not you’re contemplating a everlasting transfer, or simply trying to spend a 12 months or two exploring someplace new. The price of dwelling could also be somewhat excessive, however the experiences you will get listed below are actually memorable.

Good luck together with your new life in Singapore!


  1. Sensible – forex converter
  2. Numbeo – value of dwelling in Singapore
  3. Numbeo – value of dwelling in London
  4. Numbeo – value of dwelling in New York Metropolis
  5. Numbeo – value of dwelling in Berlin
  6. Numbeo – value of dwelling in Sydney
  7. Nationwide College of Singapore – value of dwelling
  8. Yahoo Information – Expat money salaries in Singapore drop, fifth highest globally
  9. The Straits Instances – 18 suggestions of S’pore workgroup to enhance wages and well-being of lower-wage staff
  10. Teleport – salaries in Singapore
  11. Singapore Division of Statistics – households
  12. HDB – eligibility circumstances and tips
  13. City Redevelopment Authority – renting property
  14. ECA Worldwide – Singapore sees a drop in rental prices for expatriates because of the results of Covid-19
  15. Internations – medical insurance and the healthcare system of Singapore defined
  16. Expatistan – value of dwelling in Singapore
  17. US Information – Singapore transportation
  18. UWCSEA – charges construction 2021/2022
  19. Nationwide College of Singapore – tuition charges for undergraduate college students
  20. Ministry of Schooling – charges and monetary help
  21. Ministry of Schooling – varieties of faculties
  22. Singapore Administration College – tuition charges

*All sources checked on October 20, 2021

Where to buy in singapore to live for your needs? You are at the right place. We recognize that amidst so many choices in the market, it can be perplexing and confusing to make the right pick.


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