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Cost of Living and Inflation in Singapore: What do you need to know?

59 local experts
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Here's what 59 local experts had to say about prices and the cost of living in Singapore.

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To come and live in Singapore you need to remember it’s the top 10 most expensive city in the world. Expect that a glass of plain hot water will cost you $1.70 soon.

A.Rashed, says: 2023

If you need to secure shared rental accommodation, platforms like Facebook or Roomies are useful. Note that current regulations require you to rent for at least three months. By the way, eating out at hawker centres is extremely affordable, and you can get affordable groceries at FairPrice which can be found at every neighborhood. The city is also extremely well connected, the public transport network is good and very affordable especially with its distance based fares. In general payment by QR code is common. The local bank that most locals use is POSB/DBS and setting up the payment apps (PayLah or PayNow) is easy.

Li Min, says: 2023

Singapore has summer the whole year round due to its geographic location, hence be prepared for warm and humid weather! In Singapore, you will enjoy all types of cuisines, ranging from hawker food to the high end celebrity restaurants. Depending on your budget, rental cost may range from $300 for a twin sharing room in the suburbs to $3,000 per room in a serviced apartment downtown.

Housing in Singapore is definitely not cheap. A small studio apartment would cost around 1,600 per month. Also, houses in Singapore are generally smaller than in the US. I would advise that you spend at least a week to view the different housing options available (e.g. HDB, Condominium, Semi-Landed).

Singapore is a small city-state, just across the causeway from Malaysia. Some of the tourist attractions in the country include the world famous Singapore Zoo, as well as the scenic Gardens by the Bay. People should also note that Singapore is an expensive city compared to most of the world.

Karthikeyan, says: 2020

Someone considering to move to Singapore should know that the cost of living in Singapore is among the highest in the world. They will have to spend a huge percentage of their salary on renting and food. They should also know that Singapore economy is the most competitive in the world and landing a job here can be difficult.

Without a doubt, Singapore is one of the top cities to reside in. Our thriving economy opens up plenty of jobs for millennials and boasts of the lowest gender wage gap. Not to mention, we’re one of the top few cities with a low unemployment rate. Within the region, Singapore has a solid reputation as a global finance hub, which makes it ideal for startups. Not forgetting, Singapore is a melting pot of cultures and races, and is very welcoming of expatriates.

Singapore is a Global Metropolitan city. All the expats around the world like to move to this city without second thoughts due to its cleanliness and safety. However it is one of the most expensive cities in the world to live in due to its high rental price for flats.

Fausiah, says: 2020

The cost of living here is very high. One would need to have increased income to be able to sustain a lifestyle of similar quality to that of their home country. Chewing gums are also banned throughout the country. Hawkers serve the most delicious local food. The weather is extremely humid.

The cost of living in Singapore is relatively high. However, the security that they receive in Singapore is something they will not be able to receive in any other country. Our police force is swift and efficient. They may also expect to be treated well as the service level, and quality in Singapore is awe-inspiring; feedback is always taken very seriously and worked on for better customer experience in the future.

Ismail, says: 2020

Anyone moving here should know the weather is constantly hot. It is religiously and culturally diverse. An interesting fact is that Singapore prohibits the consumption of chewing gum. Singapore has a wide array of affordable hawker food.

Wennee, says: 2020

It is warm and humid over in Singapore for most of the year. Singaporean cuisine is delicious so there should not be any problem with food. Groceries can be expensive over here, so the person should take note. We have a rich history, despite being a small country, so a trip to the museum will make for an interesting outing.

Sandeep, says: 2020

While Singapore is an expensive city, there are many other benefits. Firstly, it is a multicultural and multi-religious city; this means you will not feel like a fish out of water! In corollary, there are many cuisines, ranging from traditional delicacies such as ondeh-ondeh to authentic Indian cuisine, that are available for you to choose from.

Michelle, says: 2020

Someone moving to Singapore should know it is an expensive city. The price of a small flat here is comparable to a private estate elsewhere! However, it is noteworthy that Singapore is an extremely safe place. The crime rate here is low, and we rarely experience natural disasters.

A person moving to Singapore would have to consider the high costs of living here, as Singapore has been consistently ranked as one of the most expensive cities in the world Another thing to consider would be the weather, since Singapore is near the Equator. It is hot year-round, but recently the weather has been rather unpredictable of late. One moment the sun is out and shining, but it could suddenly start raining heavily without warning.

Before anyone moves to my city, they should check out the tax rates here so that they would know if they could afford to stay here. they should also have sufficient savings to tie them through for at least six months. Doing research on the various places to stay is also necessary to ensure a smooth transition.

Cars are exorbitantly expensive to own in Singapore; consider familiarizing yourself with the public transport system instead. It is also densely populated, so expect to see sky-high apartments all over the country. Its diverse population allows for one to indulge in a wide variety of food.

Singapore is safe yet costly. It is a multicultural city and you get cheap food here. Taxis are reasonably priced. It is very well connected by MRT and therefore very easy to commute. Orchard is the fanciest place in Singapore. It is a very clean city. People are very nice and helpful.

Someone moving to Singapore should know it is quite expensive. Apartment rental in particular, is not cheap, especially compared to neighbouring Southeast Asian countries. One also needs to be prepared for the extremely humid weather year-round in Singapore! On the positive side, there are diverse varieties of food to enjoy and it is very likely that one can find food from your home country quite readily available here.

It is a small city with easy access to public transportations like buses and trains. Thus, it is very convenient to get around the city. Singapore is also very well-known for its diverse cultures and food. One fruit that ought not to be missed is the durian, which can be off-putting for some but a luxury for others.

Amanda, says: 2020

Singapore is known for its higher cost of living. However, it is imperative to note that the standard of living justifies the cost you pay for the basic amenities in this city.

Angelica, says: 2020

Singapore is a beautiful garden city known for its food, architecture and economy. The sprawling landscapes and riveting sights and sounds allow people, both citizens and tourists alike to enjoy and bask in the wonders of this modern city. However, living costs are high, especially for housing and vehicles. The weather here, though sunny, is also a deterrent to some who dislike hot and humid environments. However, the food, booming economy, sights and sounds in Singapore offer an excellent place for people to live, work and play in.

They would be better off coming here as a tourist. Even though English is one of the main languages, they are going to need some semblance of Chinese speaking skill to order the cheaper foods, and learning that is a nightmare unto itself. The type of people who would love it here are the ones who love structure, rules and routine in their lives, with little risk and adventure between.

Singapore has a tropical climate, and is typically hot and humid year-round. Singapore is a melting pot of various cultures and cuisines. It should be easy to find food that suits one’s preferences. Singapore has a high population density. The cost of living in Singapore has consistently ranked among the top 20 in the world.

Gobinath, says: 2020

Even though Singapore is a rich and bustling city, it’s known for its high prices for almost anything, ranging from transportation to its food. The country is also hot and due to the humidity level, most people perspire constantly. It is a clean city but it is not a great city to move to.

Singapore is a diverse, multiethnic country. We have four main racial groups: Chinese, Malays, Indians, and Eurasians. We’re also known as a food paradise, with affordable and delicious food at every corner. Housing can be quite expensive, but you can find hidden gems depending on the area you choose to stay in, and being a small country, most places are very accessible.

Hillary, says: 2020

Singapore has an excellent transportation system and a variety of food is readily available at all times. While it is an expensive city, reasonably priced accommodation can be found. The crime rate is extremely low and it is a safe city for a single person or family It has an excellent education system.

Faustina, says: 2020

Those moving to Singapore should consider the especially high price of housing and rental. It can be a heavy burden, especially for expatriates unused to the small flats that most Singaporeans live. If you need your personal space, you might want to shell out more for a piece of landed property. Singapore is also a highly multicultural nation, which prides itself on diversity. Living here will expose you to a variety of beliefs and cultures, which may be overwhelming for someone used to a homogeneous society.

When someone moves to Singapore, he or she must consider the cost of living in this place. The cost of living is very expensive and it is one of the highest cost of living in the world. The quality of life here is exceptional and technology advancement has raised the standard of their quality of living that is why you should not be surprised of the expensive life they live in here.

Krishani, says: 2020

Someone interested in moving to Singapore should know it is very expensive. This is one of the smallest countries in the world. However, Singapore is very safe for all nations. And Singapore has cheap food for all nations too. Finally, Singapore has a great nightlife.

Singapore is an expensive city, but we do have an affordable public transport system that is easily accessible to most people. We are a multicultural country, with the Chinese being the majority, and the Malays and Indians being the minority. Locals speak in a language known as Singlish, which is a mixture of Dialects, Malay, and the English language.

Nicholas, says: 2020

Singapore is an expensive city. When considering whether to move to Singapore, one should consider whether he or she would be able to afford basic living expenses such as rent, accommodation, transportation and food while having enough savings in the event of emergencies. Despite the cost of living, Singapore is an ideal place to advance one’s career as it is an international trading hub and houses many multinational companies.

Audrey, says: 2020

In Singapore, the standard of living is relatively high. At first glance, taxes are low and living costs are reasonable. However, wage stagnation and high costs for accommodation can be a source of anxiety and financial distress. Despite that, Singapore is a great place, considering the factors of safety and diversity.

Singapore is a very attractive place. It is clean, safe and vibrant. However, the cost of living is very high compared to other cities in the region. In particular, housing, transport and healthcare are expensive. On the other hand, there are low taxes, education is affordable, and there are regular retail sales to entice consumers.

Wennee, says: 2020

From the outside, Singapore is widely known as a first world country, a safe and clean garden city. However, those considering making a move to this city must be prepared to face the lesser-known truths of our society. Residents are expected to follow the unspoken rules of society, such as not being a public nuisance and never speaking out on unpopular opinions. Additionally, Singapore is expensive on the whole, high housing and transport costs only adding to the high cost of living here. Hence, while Singapore may seem like the perfect place to settle, there is much to consider for the newer residents.

Shaivi, says: 2020

It’s high living cost. Singapore is one of the expensive country In exchange to that fact, Singapore is universal in terms of its international schooling standards and competitiveness. Singapore is known as a garden city where the greens are prioritised as well in the midst of a small and concentrated country.

Marcia, says: 2020

Many are deterred by the high cost of living in this modern metropolis. However, the vibrant city has a GDP per capita higher than most countries, which allows an affordable lifestyle in one of the most stable and advanced environments. Rich cultural diversity and world-class cuisines make Singapore one of the most desirable countries in the world to live and work.

Singapore is a multiracial and a multi-religious city, comprising of people from all walks of life and ethnicity. Meals can be taken care of relatively easily due to the abundance of small eateries, such as hawker centres, selling affordable food. My city is also extremely safe, boasting one of the lowest crime rates in the world.

Jeremy, says: 2020

He should consider whether he has the financial capability to live permanently in Singapore due to the high cost of living here. There is a need to respect and speak with discretion in this multiracial society, to prevent undermining social fabric and conflicts from arising between races. He should also be aware of the importance of keeping our environment clean, which is especially critical in maintaining our reputation as a green city.

Sylvia, says: 2020

Someone moving to Singapore should consider the cost of living in Singapore. Singapore is an expensive place, compared to our neighboring countries such as Malaysia and Indonesia. Someone moving to Singapore should also know that buying a car in Singapore will be much more expensive than buying a car elsewhere.

If moving to Singapore, you will need to know it contains one of the most diverse and cosmopolitan communities in the world. Despite the high cost of living, you will still be able to find Michelin-starred dishes for less than two US dollars! From theme parks to integrated resorts to art festivals, you will never find yourself bored in this small yet bustling city.

Shilpa, says: 2020

Singapore is a vibrant city home to some five million people. Widely regarded as a world financial and business hub, Singapore attracts talent from all across the world, and is very welcoming to foreign talent. Those moving to Singapore should know the high property prices, which translate to high rental prices, ranging from $3,000 to $4,000 per month for a single bedroom apartment in the city centre. Ideally, one should secure a job prior to moving to Singapore, as this will greatly ease the visa process.

It’s expensive but clean! There’s rule and order here so people take the laws extremely seriously if they don’t want to land in jail or risk paying fines. Singapore is the clean and green city because there are litter bins found within every kilometre and there are a fair bit of trees in the landscape!

Rajalakshmi, says: 2020

Singapore is one of the few nations that represent the modern era at its best. The tiny island state is not only one of the most culturally diverse and inclusive communities in the world, but also at the forefront of Asian finance and research. The city-state has become a remarkably successful economic hub. The excess wealth generated has been funnelled into creating lasting infrastructure, making merit goods such as public transportation both cheap and convenient. The Singaporean people are welcoming and helpful. The government is one of the least corrupt in the world; the justice system has never subject any individual to arbitrary punishment. There is also a great amount of care taken to ensure the well-being of the population. Singapore is a safe, modern country filled with a myriad of possibilities.

In case, moving to Singapore be prepared for tropical weather so pack clothes for the heat. In addition to that make sure of a secure job and short term lease. Language will not be a barrier at all and lastly, it is not expensive if you know where and how to spend your money.

Shannon, says: 2020

Though physically small, Singapore is an economic giant. It has been Southeast Asia’s most modern city for more than 100 years. The city blends Malay, Chinese, Arab, Indian and English cultures and religions. Its unique ethnic tapestry affords visitors a wide array of sightseeing and culinary opportunities from which to choose. A full calendar of traditional festivals and holidays celebrated throughout the year adds to its cultural appeal. Singapore offers luxury hotels, delectable cuisine and great shopping! The island nation of the Republic of Singapore lies one degree north of the Equator in Southern Asia. The country includes the island of Singapore and 58 or so smaller islands. Because of its efficient and determined government, Singapore has become a flourishing country that excels in trade and tourism and is a model to developing nations. The capital city, also called Singapore, covers about a third of the area of the main island.

The costs of living in Singapore is extremely high, especially when it comes to housing. Singapore’s weather is considered rather hot and humid. Nonetheless, Singapore’s education is one of the best in Asia. Singapore promotes multiracialism in the country; Singaporeans (citizens of Singapore) are mostly friendly and will offer a helping hand should the need arise.

Moving to Singapore, one must be prepared for the hectic pace of everyday life. Singaporeans are known for being hard-working, competitive and afraid to lose out. Singapore also has a culturally diverse demographic, thus one must be open minded and willing to live among people of different races. There is also a high cost of living in the city-state.

Singapore is a wonderful place. It is known for being impeccably clean. There are many measures put into place to ensure the safety of its citizens. there is great food that not only tastes good, but also is extremely affordable. For those looking to have fun in Singapore, the nightlife lives up to their expectations.

Marinelle, says: 2020

Singapore is known for being an organized and well-developed multicultural city where modern amenities are easily within reach. As much as cost of living is higher than it is in surrounding countries, relatively cheap food options (~3 USD per meal) and reliably punctual public transport make it feasible to live within one’s means. One remarkable thing you can experience in Singapore is how safe it is to walk around any public area at literally any time – no alleys to have to avoid, no “bad neighborhoods” where you might not get out of in one piece.

Mikaela, says: 2020

There is a high cost of living in Singapore. It’s also very population dense, hence, finding quiet spots is rare. Every year, for a month or a few weeks, a haze falls upon the city due to the slash-and-burn practices of farmers in nearby countries, making the city much hotter.

Andrea, says: 2020

Consider the cost of living and a potential language barrier. Singapore is one of the most expensive cities to live in and as a foreigner, one does not receive subsidies for basic amenities such as healthcare. Additionally, despite English being the first language of most Singaporeans, a foreigner might not understand the variation of English that most mainlanders speak.

Eugene, says: 2020

Singapore is well known for being a clean and green city. Here you will find friendly people, hot weather year-round, and an endless array of dining options. One thing you must know before moving to Singapore is that it is not permitted to chew gum and to litter in public. However, you can look forward to a high standard of living and low taxes.

Muzammil, says: 2020

Contrary to popular belief, Singapore is not all that expensive a place, that is if you know where to spend your money right. The idea of moving to Singapore comes with several exciting prospects along with it. The ones that stand out is the multicultural aspect of this nation. Along with culture comes the variety of traditional cuisine one might never get sick of.

Singapore is a fine city with good discipline. You will have to get use to Singlish. A Paradise for food lover. Shopping is a culture. Carry your umbrella everywhere. Singapore has cool nightlife. Always follow the rules and correct procedure. Income tax is quite low so it’s a great thing.

Jegatheeswaran, says: 2020

Below are some key points that a person moving to Singapore should know:
a. Get tourist visa first and then apply for long term visit pass.
b. There are HDBs condos available for rent, usually HDBs have lower rent.
c. Start applying for jobs by holding long term visit pass.
d. Healthcare is expensive so it is better to get insurance.

Consider the high cost of living. The cost of living in Singapore is remarkably high as the standards of living are high and to sustain that standard of living, it is inevitable that the costs of living will be high. Secondly, you should consider the weather in Singapore. Singapore’s weather is usually very warm and can go up to 35 degrees Celsius or more. you should consider the availability of jobs here. Singapore is densely populated, so there are many people fighting for a limited number of jobs. You should consider whether you are able to get a job here to sustain yourself.

Samuel, says: 2020

Singapore is one of the most expensive country to live in, because it is safe from all natural disasters such as an earthquake, tsunami, and a hurricane. Singapore also has strict laws that are fiercely enforce. Singapore is one of the best place to conduct business in the world. Singapore has the best airport in the world.

Allison, says: 2020

In Singapore, the cost of living is quite high. However, foreigners do get a higher pay than the locals. Employers are required to pay a CPF contribution for every employee, up to 20 percent of their monthly salary. For citizens, this goes into a retirement account set up by the government. For foreigners, they get paid this additional 20 percent in cash.

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