Cost of Living in Singapore for Single Person 2018 Edition


Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.
Singapore has been voted the world’s best destination for expats for the third year running. Does that surprise you?
Perhaps us as locals living here have been spoilt by all the greenery and safe streets, but expats that come to Singapore are very much taken in. So much so that 82% of expats actually reported a greater sense of safety than they did in their home country (of course, there are more praises here in the report by HSBC).
I don’t know about you, but that is some seriously impressive numbers. With falling rental yields, this is probably one of the best times to consider a job in Singapore if you are an expat. So much has been written about an expat family coming down to Singapore, but if you are a single person coming here to live what are your costs like?

Cost of living in Singapore for single person
Rent for single person
So if you are a single expat looking to relocate for your job to Singapore, rental costs will definitely be the single biggest expense. Singapore has been described as a tiny red dot so its no big surprise here that rental costs willl be higher than most other Asian cities. Generally prices in the business district and city centre are going to be steep, but if you do not mind a bit of a travel, some areas can be quite fairly priced. There is also good news for the higher end rental sector. As of 2017, Singapore has dropped from its previous years ranking of 4th to the 7th most expensive location in Asia for high end rental homes.
In terms of cost of living in Singapore for single person rent, although Singapore is 61% higher than the average around the world, rent for one person costs about $1,825 SGD. Not to mention a minimum salary level of $6,292 in order to be in a comfortable situation.

Source: Nestpick
To be more comprehensive about it, we checked another source Expatistan and found out that rental costs reported here are slightly higher, at $1,959 SGD for a studio in the outer city area and at $2,885 SGD for the main city area.
More from Stacked
How Bad Is The Price Gap Between Resale HDB Flats And Private Condos In 2022?
While we’ve seen a record number of million-dollar flats, private home prices have also reached new peaks in 2022. In…

Healthcare and dental costs
The healthcare system in Singapore is very robust and going to a private clinic for the common cough and cold will be immediate and fuss free unlike some other countries. However going to private hospitals for more serious cases, the costs can quickly add up and so it is advisable to have private health insurance to cover yourself adequately.

Transportation costs
Singapore is easily the most expensive place in the world to own a car, so if you can probably forget about driving here unless you are on some big fat expat package. With that being said, the transport system is really good and the MRT (Mass Rapid Transit) is expanding its list of stations all the time so moving around the city can be really inexpensive via public transport. If you have to, the proliferation of taxi apps such as Grab make it easy to commute via car as well.


Rental MarketLong Commute Vs High Rent: Is It Worth Paying More Rent For Shorter Travelling Times?
by SeanFood and Entertainment
In a cosmopolitan city like Singapore, food and entertainment are the least of your concerns as they are plentiful as well as within easy reach at all times of the day. Eating out at fine dining establishments can cost a pretty penny, but if you dine with the locals at the hawker centre, the costs are very very reasonable to fill up with local grub.

In terms of food at the supermarket, there is a very helpful online tool called Diffmarts to help you compare the prices of different types of food. So just type what you are looking for and you will be able to find which supermarket offers the cheapest option.

Singapore will always be a more expensive option compared to its South East Asian neighbours, but there is no denying that it can provide a high quality of life and unparalleled sense of security. For the cost of living in Singapore for single person, you can see that it can be pretty reasonable. So if you are looking to rent, here are the top tips you need to consider before you begin any lease!
As always, feel free to reach out to us at hello@stackedhomes.com or leave a comment down below!
Sean
Sean has a writing experience of 3 years and is currently with Stacked Homes focused on general property research, helping to pen articles focused on condos. In his free time, he enjoys photography and coffee tasting.Read next from Rental Market

Rental Market Is Singapore’s Rental Market Really Softening? We Break Down The 2024 Numbers By Unit Size

Editor's Pick The Cheapest Condos For Rent In 2024: Where To Find 1/2 Bedders For Rent From $1,700 Per Month

Rental Market Where To Find The Cheapest Landed Homes To Rent In 2024 (From $3,000 Per Month)

Rental Market Where To Find High Rental Yield Condos From 5.3% (In Actual Condos And Not Apartments)
Latest Posts

Landed Home Tours Touring Onan Road, A Freehold Landed Estate With A “Hidden” Enclave Of Shophouses

Singapore Property News In a Weak Economy, This Policy Hurts Singaporean Homeowners Most

Overseas Property Investing I’m A Singaporean House-Hunting In Mexico City: Here’s What 2 Weeks On The Ground Taught Me

Homeowner Stories I’ve Lived In Braddell View For 14 Years: What It’s Like To Live In Singapore’s Largest Residential Site

Singapore Property News Rare Mixed-Use Site At Hougang MRT And New Sembawang EC Plot Just Launched: What You Need To Know

Property Investment Insights Why Some 30-Year-Old Leasehold Condos Are Still Outperforming New Ones

Pro How Do Old Leasehold Condos Hold Up Against Newer Projects? A Case Study Of Orchid Park

On The Market 5 Cheapest 4 Room HDB Flats In Central Singapore (From $495K)

Homeowner Stories Why These Buyers Chose Older Leasehold Condos—And Have No Regrets

Singapore Property News $1.16M For A 4-Room HDB In Clementi? Why This Integrated Development Commands Premium Prices

Editor's Pick Arina East Residences Review: First Condo Launch in Tanjong Rhu in 13 Years, Near MRT Station

Pro Do Mega-Developments Really Outperform Regular Condos? A Parc Clematis Vs Clavon Case Study

Pro Affinity at Serangoon vs The Garden Residences: Same Launch Year, Same Location — But Which Gave Better Capital Gains?

Editor's Pick 4 Potential Residential En Bloc Sites That Could Be Worth Watching In 2025

Property Market Commentary Can Singapore’s Housing Market Handle A Rapidly Ageing Population?
