Singapore’s status as a global hub attracts a significant expat community, as evidenced by the 1,545,200 foreign workers recorded in June 2024. As Singapore continues to invest in attracting international talent through 2025, there’s one crucial aspect both employers relocating staff and individuals contemplating a move should consider: the cost of living.
Here, we will uncover the scope of living expenses in Singapore, including housing, daily essentials, and transport, offering crucial insights to assist your financial planning.
What is the Cost of Living in Singapore
Singapore is often cited as one of the most expensive countries for expatriates to live in, particularly when compared to other Southeast Asian regions. For instance, the cost of living, including rent, in Singapore is 220.2% higher than in Kuala Lumpur, Malaysia, according to data from Numbeo.
However, the potential challenges these expenses pose do not necessarily limit the quality of life expats can enjoy. Even with a modest salary in Singapore, expats earning lower to middle-income wages can still make the most of this vibrant city by adhering to a well-planned budget or strategic living approach.
Navigating Singapore’s Cost of Living Crisis
Singapore’s cost of living crisis is driven by multiple factors, including wages that have not kept pace with the increasing expenses, necessitating a reassessment of employment compensation and benefits to align with economic realities. Contributing to the high costs are land scarcity, high healthcare standards, advanced infrastructure, a robust economy, and stringent import regulations. These elements significantly affect the high cost of living for expats in Singapore.
From January 2024 to January 2025, there have been notable increases in essential expenses: food prices rose by 1.5%, transportation by 3.1%, and housing and utilities by 1.4%.
These year-on-year increases demonstrate the inflationary pressures that affect both local residents and the expatriate community, emphasizing the importance of strategic financial planning to cope with these rising costs.
Average Monthly Rent in Singapore
Monthly rental costs in Singapore can vary significantly based on the type of housing:
| Type of Housing | Average Monthly Rental Cost (SGD) |
|---|---|
| HDB Flats | S$3,350 to S$5,350 |
| Private Condominiums | S$5,350 to S$13,400 |
| Landed Properties | S$13,400+ |
Source: Batam News Asia
Location significantly influences rental costs in Singapore. The Central Region, encompassing areas like Orchard Road, Marina Bay, Holland Village, and Tanjong Pagar, commands the highest rental prices.
In contrast, the North Region, including Woodlands, offers the most affordable options. The North-East Region, with areas like Ang Mo Kio and the Eastern District, like Tampines, fall somewhere in between, offering more affordable options than the Central Region but generally pricier than the North.
However, many migrant workers in Singapore live in shared accommodations or employer-provided dormitories, helping to reduce their expenses.
Breaking Down the Cost of Household Utilities in Singapore
Here’s a table summarizing typical monthly costs for essential utilities in Singapore:
| Utility Type | Estimated Average Monthly Cost (SGD) |
|---|---|
| Electricity, Water, and Gas | From S$150 to S$300 (For a small apartment) |
| Mobile Phone Plan (Calls and 10GB+ data) | About S$22 |
| Internet Service (60 Mbps or higher, unlimited data, cable/ADSL) | About S$46 |
As many migrant workers opt for shared housing or dormitories, utility costs can be divided among residents, significantly reducing the individual’s financial burden.
For instance, expenses for electricity, water, and gas can be as low as S$30 to S$50 per person per month when shared. This collaborative approach to managing expenses not only helps workers extend their budgets but also ensures a comfortable living environment for all.
How Much Does Transportation Cost in Singapore?
Singapore boasts a world-class public transportation system that’s both efficient and affordable, making it accessible for both foreign and local workers commuting to work daily.
The cost for MRT/LRT rides for adults ranges from S$0.69 to S$1.97 before 7:45 am on weekdays. For travel outside these hours, fares adjust between S$1.19 and S$2.47.
Similarly, basic bus services adopt a comparable pricing strategy, with charges spanning from S$1.19 to S$2.47.
While public transportation is readily available and cost-effective, some individuals may prefer the independence of owning a private vehicle. However, it’s important to note that car ownership in Singapore comes with a hefty price tag. For a mid-range car, you can expect to pay anywhere from S$120,000 to S$150,000 (including taxes and registration fees).
How Much Does the Average Singaporean Spend On Groceries a Month?
The average monthly grocery expenditure for a single person in Singapore typically ranges from S$200 to S$250. Here’s a table listing common grocery items along with their estimated prices:
| Product Item | Estimated Average Price (SGD) |
|---|---|
| Rice (1kg) | S$3.71 |
| White Loaf Bread (500g) | S$2.98 |
| Eggs (12-pack) | S$4.33 |
| Chicken Fillet (1kg) | S$14.13 |
| Beef Round (1kg) | S$28.17 |
| Water (1.5 liter bottle) | S$1.91 |
However, this variation may depend on factors such as dietary preferences and whether you’re shopping at a premium or budget-friendly grocery store.
For example, local wet markets and budget-friendly stores like FairPrice or Sheng Siong often offer lower prices compared to premium supermarkets. Additionally, buying in bulk or choosing seasonal produce can further reduce grocery expenses, making it easier for foreign workers to stick to their budgets.
How Much Expats Must Earn To Live Comfortably in Singapore
Determining a “good” salary for expats in Singapore depends largely on individual needs and lifestyle preferences. While a basic salary might cover essential expenses like accommodation, utilities, transport, and groceries, a comfortable lifestyle often includes additional expenditures.
However, there are always affordable options for those looking to enjoy life in Singapore without overspending. For example, dining out at a budget-friendly hawker center or food court can cost as little as S$3.50 to S$5 per meal, while a meal at a casual restaurant may range from S$7 to S$27.
On the other hand, movie enthusiasts can enjoy screenings for just S$8.50 to S$13.50 a ticket. Fitness buffs have cost-effective options, too, with gym visits such as those at ActiveSG for only S$3.30 or sessions at The Gym Pod for S$7.50.
Ensuring Success for Expats in Singapore
Understanding Singapore’s cost of living is essential for employers who want to attract and retain top-tier foreign talent in this dynamic city-state. Accurate knowledge of living expenses helps ensure that salary packages are competitive and appealing, aligning with both the market and the needs of potential employees.
Partnering with a trusted foreign worker agency in Singapore, like Asia-Link, can simplify this process. We provide comprehensive support, from identifying qualified candidates for specific job roles to managing employment regulations, visa processing, and relocation assistance.
Contact our foreign recruitment agency in Singapore today to build a thriving global workforce.
Note: The prices provided above are average estimates and are subject to change based on market conditions.
