TEMPO.CO, Jakarta - For nearly a decade, Singapore has consistently ranked among the world’s most expensive cities, reflecting its luxurious lifestyle and steep everyday costs. Fueled by the nation’s economic prosperity, living cost in Singapore continues to climb, making financial planning more crucial than ever.
For expats looking to tap into the city-state's high-income opportunities, having the right resources to cover the living expenses in Singapore can be a life changer. This guide breaks down the realistic living costs in Singapore, offering practical insights to help you confidently navigate life in one of Asia’s most high-priced urban hubs.
Living Cost in Singapore
While Singapore is a hotspot for seasoned travelers from the West, it also holds the title of the most expensive country to live in across Southeast Asia. Despite its sleek skyline and vibrant culture, residing in this global city doesn’t come cheap. But, how expensive is it to live in Singapore?
The cost of living in Singapore can vary dramatically depending on several key factors, such as lifestyle habits, inflation, the state of the economy, and even your nationality.
Singaporeans and permanent residents benefit from government subsidies that help ease the financial load, but expats and foreigners often find themselves footing a greater monthly bill.
According to Numbeo, the world’s biggest living cost database, the estimated monthly living cost in Singapore for a single person stands at S$1,525, excluding rent.
On the upside, Singapore compensates for its exorbitant living costs with an outstanding quality of life and a solid social safety net. Residents get to enjoy the perks of modern luxury, top-tier infrastructure, and a sense of security that’s hard to beat.
Is $2000 Reasonable for Living Costs in Singapore 2025?
When it comes to living expenses in Singapore, residents can’t ignore the lavish entertainment presence around. Living in Singapore means constantly being tempted by the city’s vibrant lifestyle, where chic cafes, world-class dining, and entertainment hotspots are never more than a short walk away.
With so much indulgence within reach, even an ordinary day can feel like a mini vacation. While some might attempt to get by on a S$2,000 monthly budget, that figure often falls short of the comfortable baseline most locals are accustomed to.
Piloto Asia has drawn a more realistic estimated cost of living in Singapore, taking into account rents, food, utilities, transportation, and basic entertainment as follows:
Single Person: From S$2,000 to S$4,000
Couple: From S$4,000 to S$7,000
Family of four: From S$6,000 to S$10,000
Rising Rent Prices in Singapore
With more than 5.4 million people calling this island nation home, snagging a sweet deal on housing is no easy feat. Unless you’ve got a sky-high budget, owning property in Singapore can feel like chasing a dream. Rental costs are notoriously steep, largely driven by the country’s ongoing land scarcity issues.
Depending on the location, size, and amenities, expect to shell out anywhere between S$942 and S$4,709 monthly for a condo apartment in Singapore.
Rent can climb even higher if you’re eyeing a place in some of Singapore’s most sought-after neighborhoods, including Orchard Road, River Valley, Tanglin, Holland Village, Serangoon, and Thomson. These prime spots come with premium price tags, thanks to their central locations, upscale vibes, and easy access to city perks.
For a single person, basic household utilities like electricity, water, and internet typically add another S$45 to S$168 to the monthly bill. While not sky-high, these essential costs still pack a punch when added to Singapore’s already premium living expenses.
Understanding Singapore's true living cost is crucial for anyone planning to settle here, whether you’re considering a move for work or simply planning a long-term stay. By budgeting wisely and knowing what to expect, you’ll be well-equipped to thrive in one of the world’s most exciting and pricey cities.
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