The Cost of Living in Singapore in 2025: A Complete Guide for Expats

Singapore is one of the most expensive cities in the world, rivaling places like Zurich and New York. However, its strong economy, high-quality healthcare, and excellent infrastructure make it an attractive destination for expats. Understanding the cost of living in Singapore is crucial for planning your finances effectively.

Summary of Key Points

• Economy: Singapore remains a global financial hub with high-income opportunities.

• Average Monthly Expenses:

  • Single person (excluding rent): S$1,513.40

  • Family of four (excluding rent): S$5,467.10

• Housing: Rental prices range from S$1,800–S$5,000 for a one-bedroom apartment.

• Healthcare: The average healthcare expenditure is S$200 per month.

• Groceries: Expect to spend S$100–S$300 per month on food.

• Transportation: MRT fares range from S$0.92–S$2.17 per trip.

• Education: Private school fees can exceed S$40,000 annually.

• Financial Aid: Expats have limited access to government subsidies.

Is Singapore’s Economy Good?

Singapore boasts a dynamic and competitive economy, excelling in finance, trade, and shipping. The country's strategic location, business-friendly policies, and modern infrastructure contribute to its global prominence. However, income inequality remains a concern, with significant disparities between the highest and lowest earners.

Inflation and Disposable Income in Singapore

The average salary in Singapore is S$5,500 per month as of 2024, significantly higher than other Southeast Asian countries. However, inflation and rising living costs continue to affect purchasing power.

Cost of Living Breakdown in Singapore (2025)

Housing Costs

• Rent:

  • One-bedroom apartment: S$1,800–S$5,000 per month

  • Three-bedroom apartment: S$3,000–S$10,000 per month

• Utilities (Electricity, Water, Gas): S$150–S$300 per month

Grocery Prices

• Bread (1 loaf): S$1.88–S$7.00

• Chicken (1 kg): S$5.65–S$40.00

• Water (1.5L bottle): S$1.00–S$3.00

• Domestic Beer: S$3.45–S$8.00

Healthcare Costs

Singapore has both public and private healthcare options. Expats often opt for private health insurance as they are not eligible for subsidized public healthcare.

• Consultation at a public hospital: S$151.20 (non-residents)

• Private hospital consultation: S$250–S$500

• International telehealth services: Travel Doctor provides online consultations for general medical concerns, with specialized services in Argentina and Mexico via Travel Doctor-ES.

Internet and Mobile Prices

• Home broadband: S$30–S$70 per month

• Mobile plans: S$20–S$90 per month

Transportation Costs

• MRT fares: S$0.92–S$2.17 per trip

• Monthly pass: S$128

• Gasoline: S$2.80–S$3.00 per liter

• Ride-hailing services: Varies based on peak hours and demand.

Education Costs

• Public school fees for expat students: S$780–S$1,500 per month

• Private school tuition: S$17,000–S$40,000 per year

• University tuition: S$11,500–S$28,350 per year

Leisure and Entertainment Costs

• Gym memberships: S$100–S$150 per month

• Movie tickets: S$8.50–S$16.00

• Restaurant meal: S$20–S$40 per person

• Fast food combo meal: S$10

How Do Singapore’s Prices Compare Globally?

Singapore remains one of the most expensive cities globally:

• 40.2% cheaper than New York (US)

• 15.8% cheaper than London (UK)

• 52.8% more expensive than Kuala Lumpur (Malaysia)

Financial Support for Expats in Singapore

Expats in Singapore have limited access to financial aid. Most social security programs are available only to citizens and permanent residents. Employer-provided benefits and personal savings are essential for managing expenses.

Tips for Saving Money in Singapore

• Choose Housing Wisely: Rent is cheaper outside central districts.

• Buy Alcohol from Supermarkets: Prices are lower than in restaurants or bars.

• Eat at Hawker Centers: Meals cost as little as S$3–S$6.

• Use Public Transport: Monthly MRT passes are cost-effective.

• Shop at Outlet Stores: Discounts of up to 80% are available.

• Utilize Telehealth Services: Travel Doctor provides affordable virtual healthcare consultations.

Frequently Asked Questions (FAQ)

1. What is the average salary in Singapore? The average salary is S$5,500 per month as of 2024.

2. How expensive is rent in Singapore? A one-bedroom apartment can cost S$1,800–S$5,000 per month.

3. Is healthcare free for expats? No, expats must purchase private health insurance or pay out-of-pocket.

4. What is the cost of a monthly public transport pass? An unlimited MRT and bus pass costs S$128 per month.

5. How much does childcare cost? Childcare can cost S$800–S$2,000 per month, depending on the type of service.

For more information on expat healthcare, visit Travel Doctor, with specialized telehealth services in Argentina and Mexico via Travel Doctor-ES.