Cost of Living in Singapore, Singapore
Singapore · Asia
Cost of Living in Singapore: Quick Answer
The average cost of living in Singapore, Singapore is approximately $3,500 per month for one person. This page covers rent, groceries, transportation, utilities, salaries and quality of life. The cost of living index is 88, using New York City as the 100-point benchmark.
$3,500
Monthly Cost
avg/person
88
Cost Index
NYC = 100
95
Rent Index
NYC = 100
84
Quality of Life
Excellent
90
Safety Index
Excellent
5.9M
Population
SGD
| Item | Price (USD) |
|---|---|
| Meal (inexpensive) | $8 |
| Meal for 2 (mid-range) | $50 |
| McMeal at McDonald's | $7 |
| Domestic Beer (0.5L) | $8 |
| Imported Beer (0.33L) | $9 |
| Cappuccino | $5 |
| Coke/Pepsi (0.33L) | $2 |
| Water (0.33L) | $1.2 |
| Item | Price (USD) |
|---|---|
| Milk (1L) | $2 |
| Bread (500g) | $2.5 |
| Rice (1kg) | $2 |
| Eggs (12) | $3 |
| Chicken (1kg) | $9 |
| Beef (1kg) | $18 |
| Apples (1kg) | $4 |
| Banana (1kg) | $2 |
| Tomato (1kg) | $3.5 |
| Potato (1kg) | $2.5 |
| Onion (1kg) | $2 |
| Water (1.5L) | $1.5 |
| Item | Price (USD) |
|---|---|
| 1-way Ticket (local) | $1.5 |
| Monthly Pass | $110 |
| Taxi 1km | $2.5 |
| Gasoline (1L) | $2.2 |
| Volkswagen Golf | $100000 |
| Toyota Corolla | $90000 |
| Item | Price (USD) |
|---|---|
| Basic (85m² apt) | $200 |
| Mobile Plan | $30 |
| Internet (60 Mbps) | $35 |
| Fitness Club/month | $90 |
| Item | Price (USD) |
|---|---|
| 1BR Center | $2,500/mo |
| 1BR Outside | $1,600/mo |
| 3BR Center | $5,500/mo |
| 3BR Outside | $3,200/mo |
| Price/m² Center | $22,000/m² |
| Price/m² Outside | $12,000/m² |
| Item | Price (USD) |
|---|---|
| Average Net Salary | $4200 |
| Mortgage Interest Rate | 3.8% |
Cost of Living in Singapore: Complete Guide
The cost of living in Singapore, Singapore, depends mainly on housing, transportation, food, utilities and lifestyle. The estimated monthly cost for one person is $3,500. The city's cost of living index is 88, compared with a New York City benchmark of 100.
Monthly Expenses in Singapore
A typical monthly budget in Singapore includes rent, groceries, transportation, utilities and other everyday expenses. Housing is usually one of the largest parts of the monthly budget.
Rent and Housing Costs in Singapore
A one-bedroom apartment outside the city center costs approximately $1,600 per month, while a one-bedroom apartment in the city center costs around $2,500. A three-bedroom apartment in the center averages $5,500 per month.
Average Salary in Singapore
The average net salary in Singapore is approximately $4,200 per month. Purchasing power is rated 88out of 100.
Is Singapore Expensive to Live In?
With a cost of living index of 88,Singapore is less expensive than the New York City benchmark. Housing, groceries and transportation are important factors when comparing the total monthly cost.
Quality of Life in Singapore
Safety
Singapore has a safety score of 90/100. Safety is one of the factors to consider when comparing living costs and choosing a city.
Healthcare
Healthcare in Singapore is rated 88/100. Healthcare access and medical costs can affect the total monthly budget for residents and families.
Climate
The climate index for Singapore is 58/100. Climate and seasonal conditions can influence housing, transport and lifestyle expenses.
Purchasing Power
Singapore has a purchasing power score of 88/100. Comparing salary levels with living expenses provides a better picture of affordability than looking at rent alone.
Living in Singapore
Cost of Living for Students
Students should budget for accommodation, food, transportation, utilities and study expenses. Shared housing and public transportation may reduce monthly expenses.
Cost of Living for Expats
Expats considering Singapore should compare rent, healthcare, transportation, taxes, groceries and salary levels before relocating.
Cost of Living for Remote Workers
Remote workers can compare housing, transportation, internet, food and purchasing power to estimate whether Singapore fits their monthly budget.
Is Singapore Affordable?
Affordability depends on income and housing choices. The cost index of 88provides a useful benchmark when comparing Singapore with other cities.
Key Cost of Living Facts for Singapore
- Average Monthly Cost
- $3,500
- Cost Index
- 88
- Rent Index
- 95
- Average Net Salary
- $4,200
- Quality of Life
- 84/100
- Safety
- 90/100
- Healthcare
- 88/100
- Currency
- SGD
Frequently Asked Questions About Singapore
What is the cost of living in Singapore?
The estimated cost of living in Singapore, Singapore, is approximately $3,500 per month for one person. This estimate includes major living expenses such as housing, food, transportation and utilities.
How much is rent in Singapore?
A one-bedroom apartment outside the center costs approximately $1,600 per month, while a one-bedroom apartment in the center costs about $2,500.
Is Singapore expensive to live in?
Singapore has a cost index of 88 compared with New York City's benchmark of 100. The overall affordability depends on housing, salary and lifestyle.
What is the average salary in Singapore?
The average net salary in Singapore is approximately $4,200 per month.
Is Singapore good for expats?
Expats should evaluate housing, salaries, transportation, healthcare, safety and quality of life before deciding whether Singapore is suitable for relocation.