{"id":6874,"date":"2020-05-01T13:30:10","date_gmt":"2020-05-01T05:30:10","guid":{"rendered":"https:\/\/www.investollo.com\/?p=6874"},"modified":"2020-05-01T13:30:10","modified_gmt":"2020-05-01T05:30:10","slug":"cost-of-living-in-singapore","status":"publish","type":"post","link":"https:\/\/www.areyouready.sg\/cost-of-living-in-singapore\/","title":{"rendered":"Cost of Living in Singapore"},"content":{"rendered":"
The world knows the value of Singapore and how good of a country and city it is. It\u2019s known for its ease of doing business and it is the business capital of Asia. It attracts a lot of expats and talent from other countries and it has a multi cultural mix of Chinese, Indians and Malaysians. This is how Singapore is perceived worldwide. But can we delve in deeper and try to actually find out how Singapore is.<\/p>\n
There have been a lot of conversations lately around the cost of living in Singapore<\/strong>. Singapore is a very expensive city. It\u2019s probably more expensive than many of it\u2019s European counterparts. But can it be helped? No. Singapore is one of the most crowded city in terms of density all over the world. Singapore attracts the best of talent from all over the world and because of this demand, there is an increase in cost of rental and other costs. This makes it hard for a lot of people who are trying to make it here.<\/p>\n One of the most sought after destinations from a tourism perspective and also for living in Singapore. Arguably one of the richest nations in the world, Singapore is the financial capital of Asia, with the majority of headquarters of American and Multi-National companies located here. <\/span><\/p>\n All this demand makes Singapore one of the most expensive cities in the world to live in. So what is the cost of living in Singapore?<\/span><\/p>\n <\/p>\n But why is Singapore expensive?<\/p>\n Let\u2019s find out!\u00a0<\/span><\/p>\n <\/p>\n It\u2019s tough to make a generic cost of living article because there are numerous types of people who live in different ways. Some people like to spend, whereas others like to save a lot. In this article, we will cover the basic expenses for each and every action and it\u2019s up to you to figure out what is your style of living and put the expenses together to arrive at the final cost of living.\u00a0<\/span><\/p>\n <\/p>\n Ask anybody in the big cities like London, New York, Mumbai or Tel Aviv and ask them what their biggest expense is and their answer will always remain the same. Rent!\u00a0<\/span><\/p>\n Rent is the biggest expense even in Singapore and it will set you back quite a bit. Most people new to the city, rent a home in Singapore. The costs vary of course, depending on the size of the home, amenities and facilities.\u00a0<\/span><\/p>\n Most single people share and this could set you back by $700 and this can go up to $2000. Singapore is not big, so if you are in the central part of town expect your rent to cost 2x to 3x the amount you will spend on rent in the outskirts of the city.\u00a0<\/span><\/p>\n So what do you get for $700? You can get a tiny room in an HDB with a shared bathroom. If you extend your budget a bit, then you can get a separate room with an attached bathroom that will set you back by $1500.\u00a0<\/span><\/p>\n If you don\u2019t like living with others and want your own accommodation, then you will need to spend anywhere from $1500 to $4500 for a private one-bedroom unit. If you are in your early twenties, then it\u2019s likely that this will be out of your budget.\u00a0<\/span><\/p>\n <\/p>\n Singapore is super well connected with the MRT (Metros), buses and services like Grab and Uber. If you are looking to drive a car in Singapore, then you will have to think twice. Cars are super expensive in Singapore and it\u2019s primarily due to the taxes. Buying a car in Singapore is probably 3x more than it would cost in other cities across the world. If you want to get a car, then you will need to spend at least a $1000 a month on petrol, parking and other fees.\u00a0<\/span><\/p>\n If you are looking to take public transport, then there are myriad options, with the best of them being the MRT. Constant use of the MRT will only add up to $120 to $200 per month if you have a pass. If you are keen on using Grab or Uber, then it would set you back $15 for a ride approximately. 10 of these rides will set you back by $150.\u00a0<\/span><\/p>\n <\/p>\n Food is famously cheap in Singapore, especially when you eat out. There is a consensus among a lot of Singaporeans that it is a lot more expensive to cook at home than to eat outside. For this reason, a lot of Singaporeans eat out during lunch hour. So what about groceries?\u00a0<\/span><\/p>\n Here is a table that will help you!\u00a0<\/strong><\/p>\n <\/p>\nSingapore Cost of Living<\/b><\/h2>\n
Housing and Rental Cost in Singapore<\/b><\/h3>\n
Travel Costs in Singapore<\/b><\/h3>\n
Grocery Expenses in Singapore\u00a0<\/b><\/h3>\n