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Cost of Living in Singapore |
| The cost of living in Singapore is amongst the highest in Asia but this should come as no surprise as Singapore offers state-of-the art facilities for education, shopping, sports and recreation just like western countries. Prices of food and clothing are reasonable and the living conditions are the best in Asia as the inflation rate is comparatively lower than most other countries. Singapore's population is about four million. Singapore is also home to around 500,000 foreign workers. Singapore welcomes skilled foreign talent and does all it can to make their transition to their new life and career as easy as possible. |
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Persons working in Singapore can either find affordable or expensive accommodation depending on the pay packet they receive. Singapore offers competitive salaries along with many benefits, which include bonuses and recreational facilities. That's the reason why many expatriates find working in Singapore to be a rewarding experience. Extra benefits such as transportation/car allowances, housing, childcare, payment of school fees, entertainment allowances, and work-related benefits are also available through expatriate packages. For additional information on cost of living of expatriate families in Singapore, one can refer to the Singapore International Chamber of Commerce's annual guide that contains information on cost statistics on accommodation, moving around, education, medical and other essentials: www.sicc.com.sg
Find out: Why work in Singapore - The 'Expat' Advantage
 For Students
An international student in Singapore should watch out, as Singapore is not a cheap country. A student could end up spending on average of about S$750 to S$2,000 a month on living expenses. Depending on individual lifestyle and course of study, this amount can vary. When planning your budget, you will need to cater for these items:
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Singapore, a tiny nation with a mix of diverse cultures and yet hardworking people striving for excellence. When one has decided to settle down here, it becomes necessary to chalk out or have an estimate of the expenses against the income which you are going to earn. This could be one of the crucial factor in making a decision while making a foreign country your home maybe for some period of time or lifetime !!! A detailed costing of the expenses is put forth for your reference.
Housing cost:
A condo apartment size 1600 sq feet - 3bedrooms in the city would cost you $4000 per month.
An apartment size: 1500 - 1800 sq feet 3 + 1 rooms located at the outskirts of the city would cost you $2500 per month. Housing costs depend on the location as well as the facilities available and the extent of furnishing done in the apartment.
Transportation costs for a month of daily taxi usage is $400 whereas if u travel by the MRT they would come up to $60-$70 a month
Education costs for an international school per child for one month would be $600-800.
Food cost could account for $800 a month (eat in + groceries) for a family of four. Expenses on utilities such as water, gas, electricity including the running of the air conditioner come upto $250-$280 a month.
If you indulge in eat outs and going outs with your family your expenses could run upto $500 - $800 a month. For a meal of four at the road side you would spend no more than $25.
Your monthly expenditure on information resources such as Magazines, newspapers, cable TV, internet, books, phone charges bill could run upto $400.
The cost of a car would be + $90,000 and above for a brand new Japanese or European family car and a Club Expenditure on membership implies - $1500 to $4000 per year for annual non-transferable membership. Other expenses like a pack of 20 cigarettes cost $5.80, a bottle of wine - a good quality one would cost $60.00, an hour at the internet café would cost you $6.00. Certain luxury but essential items such as mobile phone costs $400 + about $30 a month for subscription, Home computer costs $1500, Laptop costs $3500whereas a TV set would cost $800.
Another important tip is to check out with your employers the medical benefits and insurance coverage.
Focus Singapore gives you an all round detailed outlay of the cost of living in Singapore. |
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