Cost of Living in Singapore

Singapore is one of Asia’s top global business and finance hubs, attracting international professionals with high salaries, low personal income tax, and world-class infrastructure. However, it is also one of the most expensive cities in the region, especially for housing.

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This guide provides a complete overview of the cost of living in Singapore for expats and overseas professionals, including rent, food, transport, healthcare, and utilities, helping you understand your real monthly expenses and savings potential in 2026.

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Whether you are relocating on an Employment Pass, S Pass, or as an entrepreneur, understanding your living costs will help you plan your relocation budget and negotiate your compensation package with confidence.

(Estimates based on central and suburban areas of Singapore.)

Housing is the single largest expense in Singapore and a key factor in relocation planning.

Singapore offers a unique mix of affordable hawker food and premium international dining.

Public transport is efficient and affordable, making car ownership unnecessary for most expats.

Most expats rely on private healthcare and employer-provided insurance.

Air-conditioning usage is a major driver of electricity costs.

Singapore combines:

✔ High gross salaries
✔ Very low personal income tax
✔ High housing costs
✔ Efficient public transport and services

High-income professionals in Finance, FinTech, Software, AI, Semiconductor, Consulting, and Legal often achieve strong savings due to low tax and generous expat compensation packages.