Is it Expensive to Live in Singapore?

Is it Expensive to Live in Singapore? Living expenses can vary greatly depending on the city and country you reside in. When it comes to Singapore, often dubbed as one of the most expensive cities in the world, the question of affordability naturally arises. In this article, we will explore the cost of living in Singapore, taking into account various factors that contribute to the overall expenses. By the end, you will have a clearer understanding of whether living in Singapore is expensive or not.


Singapore, a vibrant cosmopolitan city-state located in Southeast Asia, is known for its thriving economy, excellent infrastructure, and high quality of life. However, it’s also recognized as one of the most expensive cities to live in. Let’s delve into the specific aspects that contribute to the cost of living in Singapore.

Cost of Accommodation

Housing is a significant expense for residents in Singapore. The rental and purchase prices of properties are relatively high compared to other cities. The cost of accommodation varies depending on factors such as location, property type, and size. Central areas like Orchard Road and Marina Bay generally have higher housing prices compared to suburban or outlying areas.

Cost of Transportation

Transportation expenses in Singapore can be manageable if you utilize the efficient public transportation system. The Mass Rapid Transit (MRT) and buses offer convenient and affordable options for commuting. However, owning a car in Singapore can be costly due to high taxes, COE (Certificate of Entitlement) fees, and ERP (Electronic Road Pricing) charges.

Cost of Food and Dining

Singapore is renowned for its diverse culinary scene, offering a wide range of cuisines to suit every taste. While dining out at hawker centers and local food stalls can be budget-friendly, eating at restaurants and high-end establishments can be expensive. Groceries in supermarkets can also be pricier compared to neighboring countries due to import costs and high standards of quality.

Cost of Utilities

Utilities such as electricity, water, and gas are essential for daily living. The cost of utilities in Singapore is generally reasonable and well-regulated. However, it’s important to be mindful of energy usage to avoid high bills, especially during peak periods.

Cost of Healthcare

Singapore is known for its excellent healthcare system, offering high-quality medical services. While the healthcare system is efficient, it’s essential to have adequate health insurance coverage to manage medical expenses. Depending on the coverage and type of insurance plan, healthcare costs can vary.

Cost of Education

If you have children or plan to pursue education in Singapore, it’s important to consider the cost of education. International schools and universities in Singapore can have significant tuition fees. However, the education system is highly regarded, offering excellent standards of teaching and facilities.

Cost of Entertainment and Recreation

Singapore offers a vibrant array of entertainment and recreational activities for residents to enjoy. From world-class attractions to cultural events and nightlife, there is something for everyone. While some activities may come with a price tag, there are also many free or affordable options available for leisure and entertainment.

Cost of Taxes

Singapore has a relatively low tax rate compared to many countries. The progressive tax system ensures that individuals with higher incomes contribute more in taxes. Additionally, the government provides various tax reliefs and incentives to support businesses and individuals.

Cost of Goods and Services

The cost of goods and services in Singapore can vary depending on the type of product or service. While certain imported items may be more expensive due to taxes and transportation costs, there are also many affordable local alternatives available.


In conclusion, living in Singapore can be relatively expensive compared to many other cities. The cost of accommodation, transportation, and dining out are significant factors contributing to the higher expenses. However, it’s important to consider the overall quality of life, safety, excellent infrastructure, and access to various amenities that Singapore offers.

While certain aspects of living in Singapore may come with a higher price tag, it’s possible to live affordably by making wise choices and budgeting effectively. Exploring more affordable housing options in suburban areas, utilizing public transportation, and taking advantage of local food options can help manage expenses.


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