Singapore is one of the most expensive cities in the world; in fact, it is the second most expensive after Hong Kong, according to Mercer's 2023 Cost of Living Survey.

The good news is that taxes in Singapore are low, and professional salaries generally match the high cost of living. Expat packages also often include benefits such as transport, school fees and accommodation allowances. 

That said, amid increased competition for jobs, expats interested in working in Singapore may need to accept a salary without many of these additional benefits – although they should always at least try to negotiate with their prospective employer. If no benefits are forthcoming in contracts, expats must ensure they budget for Singapore's high cost of living.

Cost of accommodation in Singapore

Accommodation is the highest expense expats in Singapore will have to shoulder, but they can relieve some of this burden by opting for a private apartment or a government housing flat (HDB) rather than a lavish condominium. Although these homes frequently come with enticing recreational facilities such as swimming pools, tennis courts and playgrounds for children, there is usually a matching price tag.

Expats who choose to live in houses and bungalows can also expect to pay hefty costs. Costs vary wildly depending on the age, condition and location of the housing, and of course, expats will get more bang for their buck the further they live from the city centre.

Cost of transport in Singapore

Public transport in Singapore is efficient and significantly cheaper than driving private vehicles, with EZ-Link travel cards providing good value for money. Owning a car is a luxury rather than a necessity in Singapore, and owing to the heavy taxes cars are subject to, plus parking costs, it can become a costly luxury.

Cost of groceries in Singapore

Depending on personal spending habits, shopping for groceries can be a modest or exorbitant expense. Expats fond of purchasing imported products from back home may be startled by how quickly costs can stack up.

Supermarkets in Singapore offer a wide range of products, but imported goods, such as cheese, wine or specific brands of cereals and snacks, can be particularly pricey. For instance, the cost of everyday items like milk, bread and eggs is higher compared to prices in the US, Australia, or Western Europe. To save on groceries, expats can shop at local markets or consider switching to local brands and produce.

Cost of entertainment and eating out in Singapore

Singapore offers a variety of entertainment options, from cinemas and theatres to bars and nightclubs. However, the cost of entertainment is relatively high. A night out at a mid-range restaurant can cost as much as a fancy dinner in Western Europe or the US. The cost of alcohol is also notably high due to heavy taxation, with prices at bars and restaurants being significantly pricier than in many other countries.

Although Singapore offers many tempting choices of delicious cuisine, eating out can be an expensive exercise. There are alternatives though, and if expats stick to hawker centres rather than restaurants, sampling the local fare will be way more affordable. Hawker centres are open-air food courts that offer a variety of local dishes at reasonable prices, and they can be found all over the city.

Cost of education in Singapore

The cost of education in Singapore is another significant expense for expats with children. Public schools, while less expensive than international schools, often have long waiting lists for non-residents, and the process to get a spot can be quite competitive. On the other hand, international schools offer a high standard of education, but tuition fees can be comparable to university tuition in some Western countries.

Many expats choose to send their children to one of the many excellent international schools in Singapore, and these fees are sometimes included as part of their employment package. If the employer does not cover the cost of education, expats should be prepared for high fees, which can vary widely from one school to another. In addition to tuition, there may also be additional costs for enrolment, uniforms and extracurricular activities.

Cost of healthcare in Singapore

The standard of healthcare in Singapore is exceptionally high, and it is home to some of the best medical facilities in the world. This comes with a corresponding price tag. Medical costs in Singapore are among the highest in Asia and can be comparable to or even exceed those in the US or Western Europe. Expats should ensure they have comprehensive health insurance to cover medical expenses, as even a simple consultation with a general practitioner can be costly.

Prescription medication is also expensive, and over-the-counter medicines often come with a higher price tag than expats may be used to. Dental care is not covered by the public health system and can be particularly costly, so expats should secure dental insurance as well.

Cost of domestic help in Singapore

The average cost of a live-in maid in 2023 is between SGD 600 and SGD 1,000 a month, excluding the SGD 300 government levy. The employer will also provide accommodation and food as part of the package. It's also possible to hire part-time domestic workers for between SGD 10 and SGD 30 per hour.

Cost of living in Singapore chart

Prices may vary depending on the product and service provider. The list below shows average prices for December 2023.

Accommodation (monthly rent)
Three-bedroom apartment in the city centreSGD 7,600
Three-bedroom apartment outside the city centreSGD 5,200
One-bedroom apartment in the city centreSGD 4,000
One-bedroom apartment outside the city centreSGD 2,900
Food and drink
Dozen eggsSGD 5.08
Milk (1 litre)SGD 3.50
Rice (1kg)SGD 3.30
Loaf of white breadSGD 2.81
Chicken breasts (1kg)SGD 6
Pack of cigarettes (Marlboro)SGD 15
Eating out
Three-course meal for two at a mid-range restaurantSGD 100
Big Mac MealSGD 9
Coca-Cola (330ml)SGD 2.15
CappuccinoSGD 6.30
Bottle of beer (local)SGD 5.75
Mobile call rate (per minute – mobile to mobile)SGD 0.19
Internet (uncapped ADSL or cable – average per month)SGD 45
Basic utilities (average per month for a standard household)SGD 280
Taxi rate/kmSGD 1.15
City-centre public transport fareSGD 2
Gasoline (per litre)SGD 3

Expat Health Insurance

Cigna Health Insurance

Cigna Global Health Insurance.

Moving your family abroad can be intimidating, but learning about medical options such as family health insurance early on can help you settle successfully.

  • Comprehensive Family coverage, wherever you go
  • Paediatric coverage for well-child visits & immunizations
  • Access to dental and orthodontic care
  • 24/7 multilingual Customer Service

Get a quote from Cigna Global (10% off family health plans in June)

Moving Internationally?

Sirelo logo

International Movers. Get Quotes. Compare Prices.

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes from select removal companies now!