Cost of Living in Singapore
Median income in Singapore is S$60,000/year (S$5,000/month). Here is how to budget every dollar.
Average Rent in Singapore
S$2,200
Studio
S$2,800
1 Bedroom
S$3,800
2 Bedrooms
Monthly Budget Breakdown: S$5,000/month
How to allocate the median Singapore income of S$60,000/year after taxes.
Housing
S$2,800
Food & Groceries
S$400
Transportation
S$130
Utilities
S$150
Healthcare
S$100
Entertainment
S$250
Personal & Other
S$200
Savings
S$970
Total
S$5,000
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Affordable Neighborhoods in Singapore
HDB flats in Jurong, Woodlands, and Tampines are the most affordable housing option
Geylang and Toa Payoh offer central locations at lower rents than Orchard or Marina Bay
Punggol and Sengkang are newer towns with modern amenities and reasonable rents
Money-Saving Tips for Singapore
Hawker centres offer full meals for S$3–5 — much cheaper than restaurants
MRT and bus with EZ-Link card is extremely affordable for transit
CPF (Central Provident Fund) provides mandatory savings for housing, healthcare, and retirement
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