How Much Living Cost in Singapore?
Singapore, known for its vibrant cityscape, modern infrastructure, and high standard of living, is often considered one of the most expensive cities in the world. The cost of living in Singapore can vary significantly depending on your lifestyle, location, and personal preferences. In this article, we will explore the various aspects of living costs in Singapore, including housing, transportation, food, and entertainment.
Housing
Housing is one of the most significant expenses in Singapore. The cost of renting an apartment or buying a property can be quite high, especially in central areas like Orchard Road or Marina Bay. According to Numbeo, the average rent for a one-bedroom apartment in the city center is around SGD 2,800 per month. For those living in non-central areas, the rent can be lower, but still averages around SGD 1,500 to SGD 2,000 per month.
Buying a property in Singapore is also expensive, with prices often exceeding SGD 1 million for a modest apartment. The government has implemented various cooling measures to control property prices, such as the Additional Buyer’s Stamp Duty (ABSD) and Total Debt Servicing Ratio (TDSR) policies, which have helped to stabilize the market.
Transportation
Transportation costs in Singapore are relatively affordable compared to other major cities. The public transportation system, which includes buses, trains, and taxis, is efficient and widespread. A monthly public transport card, known as an EZ-Link card, costs SGD 20, and it allows you to travel on all public transport modes. The cost of a single bus or train ride is around SGD 1.50 to SGD 2.00, depending on the distance.
Taxis are also available, but they can be more expensive, with fares starting at SGD 3.50 for the first 2.6 kilometers and increasing by SGD 0.20 per 400 meters after that. For longer distances, the fare can easily exceed SGD 10.
Food
Food is another essential expense in Singapore. The good news is that the city offers a wide variety of dining options, from hawker centers with affordable local cuisine to upscale restaurants serving international dishes.
A meal at a hawker center can cost as little as SGD 2 to SGD 5, while a meal at a mid-range restaurant can range from SGD 10 to SGD 30. For those who prefer dining out frequently, the cost can add up quickly.
Entertainment
Entertainment costs in Singapore can vary widely. For those who enjoy outdoor activities, such as visiting the parks or beaches, there are many free options available. However, if you’re looking for more luxurious experiences, such as dining at a high-end restaurant or attending a concert, the costs can be quite high.
Movie tickets typically cost around SGD 12 to SGD 15, while a night out at a club or bar can range from SGD 20 to SGD 50 or more, depending on the venue.
Conclusion
In conclusion, the cost of living in Singapore can be quite high, especially when it comes to housing. However, the city offers a wide range of affordable options in other areas, such as transportation and food. By managing your expenses and making smart choices, it is possible to live comfortably in Singapore without breaking the bank.
