How much does it cost to live in Singapore?

Typical monthly costs in Singapore are approximately S$3,500 in rent and S$2,500 in other expenses, totalling around S$6,000/month.

How much should I save in Singapore?

Based on Singapore DOS HES 2017/18, people at mid-range incomes in Singapore typically save 12–20% of gross income. In a very high cost city like Singapore, housing costs can reduce this, particularly for renters.

Singapore · SGD · very high cost city

Cost of living in Singapore — is your salary enough?

Singapore median private rental is around S$3,500/month; HDB flats are cheaper but subject to occupancy restrictions for non-citizens. Singapore's mandatory CPF contributions mean effective savings rates are high, though the cost of living for renters is significant.

Rent in Singapore

BudgetS$2,600 – S$3,150/mo

TypicalS$3,500 – S$4,000/mo

PremiumS$4,600+/mo

Other monthly costs

Food, transport, bills, going out~S$2,500/mo

Total typical monthly spend~S$6,000/mo

How different incomes stack up

At typical Singapore costs (S$3,500 rent)

S$45,000 – S$65,000→ saving -30.9%

Critical

S$65,000 – S$90,000→ saving 7.1%

Falling Behind

S$90,000 – S$130,000→ saving 34.5%

On Track

See your personal verdict for Singapore

Country

Annual income (gross)S$80,000

S$20,000S$310,000S$600,000+

Monthly rent or mortgageS$3,500/mo

S$0S$5,000S$10,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

S$2,200/mo

S$0S$4,500S$9,000+

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Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from Singapore DOS HES 2017/18. Figures in SGD.

Check your savings rate in Singapore →

Compare nearby cities

Sydney

Also in the Verdict suite

SalaryVerdict — Is your Singapore salary competitive?SpendVerdict — Is your Singapore rent too high?