Is Singapore Expensive? Discover Cost of Living in Singapore
Are you considering a move to Singapore? Curious about the cost of living and whether Singapore is an expensive place to reside? In this comprehensive guide, we’ll unravel the intricacies of living expenses in Singapore providing you with insights into accommodation, food, transportation, and more. From understanding the cost of living in Singapore to exploring the affordability of different neighborhoods, we’ve got you covered. Join us as we embark on a journey to uncover the financial landscape of this dynamic city-state!
1. Accommodation Costs in Singapore:
Finding suitable accommodation is crucial when moving to Singapore. Whether you prefer the vibrant city life of downtown areas like Orchard Road or the quieter suburbs of Bukit Timah, there are housing options to suit every lifestyle and budget. Rental prices vary significantly depending on factors such as location, property type, and amenities. Similarly, purchasing property involves considerations such as market trends and financing options.
Rent Per Month:
Apartment (1 bedroom) in City Centre: S$2,000 – S$4,000
Apartment (1 bedroom) Outside of Centre: S$1,500 – S$2,500
Apartment (3 bedrooms) in City Centre: S$3,500 – S$7,000
Apartment (3 bedrooms) Outside of Centre: S$2,500 – S$5,000
Mortgage Per Month:
Price per Square Meter to Buy Apartment in City Centre: S$10,000 – S$20,000
Price per Square Meter to Buy Apartment Outside of Centre: S$8,000 – S$15,000
2. Food and Groceries in Singapore:
range of dining options to suit every palate and budget. From hawker centers serving affordable local dishes to Michelin-starred restaurants offering gourmet cuisine, there’s something for everyone. Prices for groceries and dining out may vary depending on the type of establishment and location, but overall, Singapore provides a rich and affordable food experience.
Supermarket Prices:
Milk (regular), (1 liter): S$2.00 – S$3.50
Loaf of Fresh White Bread (500g): S$1.50 – S$3.50
Rice (white), (1kg): S$1.50 – S$4.00
Eggs (regular) (12): S$3.00 – S$5.00
Local Cheese (1kg): S$8.00 – S$20.00
Chicken Breasts (Boneless, Skinless) (1kg): S$8.00 – S$15.00
Apples (1kg): S$2.00 – S$5.00
Water (1.5 liter bottle): S$0.70 – S$2.00
3. Transportation Costs in Singapore:
Singapore boasts an efficient and extensive public transportation system making it easy to get around the city. Whether you prefer taking the MRT (Mass Rapid Transit), buses, or taxis, there are plenty of options to suit your needs. Public transport fares are affordable and there are also options for owning a car, although this comes with additional expenses such as road taxes and parking fees.
Public Transport:
One-way Ticket (Local Transport): S$1.00 – S$3.00
Monthly Pass (Regular Price): S$90 – S$120
Fuel Prices:
Gasoline (1 liter): S$1.50 – S$2.50
4. Utilities and Household Expenses in Singapore:
Managing utility bills is essential for maintaining a comfortable lifestyle in Singapore. Electricity, water, and internet services are readily available and competitively priced. Additionally, there may be additional expenses for services such as air conditioning and household maintenance.
Monthly Bills:
Basic Utilities (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment: S$100 – S$200
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL): S$40 – S$80
Mobile Phone Monthly Plan with Calls and Data: S$20 – S$60
5. Entertainment and Leisure in Singapore:
Singapore offers a wide range of entertainment and leisure activities for residents to enjoy. From shopping on Orchard Road to exploring cultural landmarks like Marina Bay Sands, there’s always something to see and do. Entertainment expenses such as movie tickets, dining out, and admission fees to attractions may vary depending on personal preferences and lifestyle choices.
Cultural Activities:
Movie Ticket: S$10 – S$15
Museum Admission: S$10 – S$30
6. Healthcare and Education in Singapore:
Access to quality healthcare and education is a priority for residents of Singapore. The country boasts a world-class healthcare system with modern facilities and highly trained medical professionals. Similarly, Singapore offers a range of educational opportunities including local and international schools to cater to the diverse needs of its population.
Healthcare Costs:
Average cost of a Doctor’s Visit: S$50 – S$100
Prescription Medication (per item): S$5 – S$30
Education Expenses:
Primary School, Yearly for 1 Child: S$5,000 – S$15,000
7. Average Monthly Salary in Singapore:
Wondering about the average salary in Singapore? The average salary in Singapore is around S$70,000. Full-time workers in Singapore on average make S$5,783 a month, equating to S$69,396 a year.
7. Clothing Expenses in Singapore:
Updating your wardrobe or shopping for essentials? Singapore offers a diverse range of clothing options to suit various styles and budgets.
1 Pair of Jeans (Levis 501 or Similar): S$60 – S$120
1 Summer Dress in a High Street Store (Zara, H&M, or Similar): S$30 – S$80
1 Pair of Sport Shoes (Nike, Adidas, or Equivalent Brands): S$80 – S$200
1 Pair of Men’s Leather Business Shoes: S$80 – S$200
7. Personal Care Expenses in Singapore:
Maintaining personal hygiene and grooming is essential for a healthy lifestyle. Singapore offers a variety of personal care products and services to help you look and feel your best.
Cold Medicine for 6 Days: S$5 – S$15
1 Box of Antibiotics (12 Doses): S$20 – S$50
Standard Men’s Haircut in Expat Area of the City: S$25 – S$50
8. Cost of Living in Singapore per Person:
Understanding the cost of living in Singapore on a per-person basis is crucial for individuals planning to relocate or study in the country. Here’s a breakdown of estimated monthly costs for different household sizes:
Cost of Living for Single Person: S$1,200 – S$2,500 without rent.
Cost of Living for Couple: S$2,500 – S$5,000 without rent.
Cost of Living for Family of 3: S$3,500 – S$7,000 without rent.
Cost of Living for Family of 4: S$4,500 – S$9,000 without rent.
9. Cost of Living in Singaporean Cities:
As we explore the cost of living in Singapore, let’s also take a brief look at the cost of living in some of the country’s major cities:
Average Cost of living in Singapore:
A family of four estimated monthly costs are S$3,500 without rent. A single person estimated monthly costs are S$1,000 without rent.
Average Cost of living in Jurong:
A family of four estimated monthly costs are S$3,000 without rent. A single person estimated monthly costs are S$850 without rent.
Average Cost of living in Bedok:
A family of four estimated monthly costs are S$3,200 without rent. A single person estimated monthly costs are S$900 without rent.
Average Cost of living in Tampines:
A family of four estimated monthly costs are S$3,100 without rent. A single person estimated monthly costs are S$875 without rent.
Average Cost of living in Woodlands:
A family of four estimated monthly costs are S$2,800 without rent. A single person estimated monthly costs are S$800 without rent.
Average Cost of living in Ang Mo Kio:
A family of four estimated monthly costs are S$3,000 without rent. A single person estimated monthly costs are S$850 without rent.
Average Cost of living in Bukit Batok:
A family of four estimated monthly costs are S$3,100 without rent. A single person estimated monthly costs are S$875 without rent.
Average Cost of living in Hougang:
A family of four estimated monthly costs are S$3,200 without rent. A single person estimated monthly costs are S$900 without rent.
Average Cost of living in Pasir Ris:
A family of four estimated monthly costs are S$3,300 without rent. A single person estimated monthly costs are S$925 without rent.
Average Cost of living in Yishun:
A family of four estimated monthly costs are S$2,900 without rent. A single person estimated monthly costs are S$825 without rent.
While exploring the vibrant culture and modern amenities of Singapore, you might wonder, “Is Singapore expensive?” or “How much does it cost to live in Singapore?” With careful financial planning, living in Singapore can be both rewarding and manageable. If you enjoyed this post, please keep visiting Expat Observer for more information on living expenses in Singapore.
