Singapore, often regarded as a global hub for commerce, technology, and culture, is also known for its high cost of living. This comprehensive guide will break down the cost of living in Singapore for 2025, covering everything from housing to daily necessities. Whether you are planning to move to Singapore or simply want to understand its economic landscape, this article provides all the details you need.

Understanding Housing Costs in Singapore

Rent and Housing Options

Housing is one of the largest expenses for residents in Singapore. The cost varies depending on location, property type, and size. For expatriates, renting is the most common choice.

• HDB Flats (Public Housing): These government-subsidized flats offer affordable options for locals and permanent residents. Rental prices start at SGD 700 to SGD 1,500 per month for a 2-bedroom unit.
• Condominiums: These private properties come with modern amenities such as pools and gyms. Prices typically range from SGD 2,500 to SGD 6,000 per month for a 1-3 bedroom unit.
• Landed Properties: For larger families or luxury seekers, landed homes can cost upwards of SGD 10,000 per month.

Buying Property

Purchasing property in Singapore involves significant costs due to high real estate prices. For instance:

• A 3-bedroom condo in the central area can cost around SGD 1.5 to SGD 2.5 million.
• Government-imposed additional buyer’s stamp duty (ABSD) increases costs, especially for foreigners.

Transportation Costs in Singapore

Singapore boasts an efficient public transportation system, making it easy to get around without owning a car.

Public Transport

• MRT and Buses: A monthly transport pass costs around SGD 120 to SGD 150, providing unlimited rides on buses and trains.
• Taxis and Ride-Hailing: Taxi fares start at SGD 3.90, with additional charges depending on distance and time. Apps like Grab and Gojek offer competitive pricing.

Owning a Car

Due to government regulations, owning a car is a luxury. Major costs include:

• Certificate of Entitlement (COE): SGD 100,000 or more depending on market conditions.
• Monthly maintenance, insurance, and parking: Around SGD 1,000 to SGD 1,500.

Food and Dining Expenses

Eating Out

Living cost in Singapore is a food lover’s paradise with options ranging from hawker stalls to fine dining:

• Hawker Centers: Meals cost as little as SGD 4 to SGD 8.
• Mid-Range Restaurants: Dining for two typically costs around SGD 50 to SGD 80.
• High-End Restaurants: Expect to spend SGD 150 or more for a meal.

Groceries

For those who cook at home, the average monthly grocery bill ranges between SGD 400 to SGD 800, depending on your preferences for imported goods.

Utilities and Internet

The cost of utilities, including electricity, water, and gas, depends on household size and consumption habits:

• Utilities: Monthly bills for a standard 3-bedroom apartment average SGD 150 to SGD 250.
• Internet and Mobile Plans: High-speed broadband plans start at SGD 40 per month, while mobile plans typically range from SGD 20 to SGD 50.

Healthcare and Insurance Costs

Singapore’s healthcare system is world-class but can be expensive for expatriates without subsidies.

• Public Hospitals: Consultation fees start at SGD 40, with higher charges for specialist visits.
• Private Clinics: Consultation costs range from SGD 100 to SGD 250.
• Health Insurance: Plans vary but typically cost between SGD 500 to SGD 1,500 annually, depending on coverage.

Education and Childcare

For families, education costs are a critical consideration.

• Public Schools: Annual fees for non-citizens range from SGD 6,000 to SGD 12,000.
• International Schools: Tuition fees can be as high as SGD 30,000 to SGD 50,000 annually.
• Childcare Centers: Monthly costs range from SGD 1,200 to SGD 2,500.

Entertainment and Leisure

Singapore offers diverse entertainment options, but leisure activities can add up:

• Movies: Tickets cost SGD 13 to SGD 15.
• Gyms: Monthly memberships range from SGD 80 to SGD 200.
• Attractions: Entry fees for popular spots like Universal Studios are around SGD 88.

Conclusion

Living cost in Singapore requires careful financial planning due to its high costs, but the country offers unparalleled quality of life, safety, and opportunities. By understanding the cost of living in detail, you can better prepare to enjoy everything this vibrant city-state has to offer.