Singapore is one of Asia’s most dynamic cities, drawing expats, students, and professionals from around the globe. Known for its cleanliness, efficient public services, and vibrant cultural scene, the city-state has a lot to offer. However, as with any major global city, it comes with a high cost of living. Whether you’re planning to move to Singapore for work or study, understanding the cost of living in this city is essential for budgeting and long-term financial planning. In this article, we will provide an in-depth guide to the cost of living in Singapore for expats and students in 2025, covering everything from accommodation to everyday expenses.

Accommodation Costs in Singapore

The housing market in Singapore is one of the most significant factors that contribute to the high cost of living. Rental prices can vary depending on the area, type of accommodation, and whether you're living alone or with others.

Private Apartments and Condominiums

For those seeking private accommodation, rental prices can range widely. A 1-bedroom apartment in the city center typically costs between SGD 2,500 to SGD 4,000 per month. If you're willing to live outside the city center, rental costs can be more affordable, with prices ranging from SGD 1,800 to SGD 2,500 per month for a similar property. Larger apartments, such as 3-bedroom condominiums, can cost anywhere from SGD 4,500 to SGD 8,000 per month.

Public Housing (HDB Flats)

The Housing and Development Board (HDB) flats, which are government-subsidized, offer more affordable living options. A 1- or 2-bedroom HDB flat can cost anywhere from SGD 1,200 to SGD 2,500 per month, depending on the location. For students or young professionals who are open to sharing accommodation, HDB flats can be an excellent option for reducing living expenses.

Student Accommodation

For students, universities often provide on-campus housing or partner with private accommodation providers. The average cost for student accommodation ranges from SGD 800 to SGD 1,500 per month, depending on whether it's a shared dormitory or a private room.

Food and Dining Expenses

Singapore is a food lover’s paradise, offering a wide variety of cuisines at every price point. The cost of food depends on where you choose to eat, and whether you’re cooking at home or dining out.

Eating Out

Dining out in Singapore cost os living can be affordable if you stick to local eateries. Hawker centers – open-air food courts that serve affordable local dishes – are the most economical option. A typical meal at a hawker center will cost between SGD 3 to SGD 6. More upscale restaurants in the city center, on the other hand, can cost anywhere from SGD 20 to SGD 50 per person for a meal.

Groceries and Cooking at Home

For those who prefer to cook at home, grocery prices can vary. On average, a monthly grocery bill for one person can range from SGD 300 to SGD 600. Basic items like rice, vegetables, and fruits are relatively affordable, while imported goods may carry a premium. Popular grocery stores like NTUC FairPrice and Cold Storage provide various options for shoppers.

Transportation Costs in Singapore

Singapore boasts one of the most efficient and affordable public transportation systems in the world. As an expat or student, getting around the city can be convenient and cost-effective.

Public Transport

The Mass Rapid Transit (MRT) system is the primary mode of transport, offering an extensive network that covers the entire city. A single MRT ride costs between SGD 1 to SGD 2.50, depending on the distance. A monthly transport pass costs around SGD 120 to SGD 150, which provides unlimited travel on the MRT and buses.

Taxis and Ride-Hailing

For those who prefer taxis or ride-hailing services, fares are relatively affordable, with a typical taxi ride starting at around SGD 3.50, and the cost per kilometer running around SGD 0.60. Services like Grab are also widely used in Singapore.

Bicycles and Shared Scooters

For short distances, many opt for bicycles or shared electric scooters. Rent for these services is usually SGD 1 to SGD 2 per 15 minutes, making it an affordable and eco-friendly option.

Utilities and Internet Costs

Utility bills and internet costs are additional expenses to consider when living in Singapore. Utility bills, including electricity, water, and gas, typically range from SGD 100 to SGD 250 per month, depending on usage and the size of your accommodation.

For internet services, high-speed broadband is widely available. A standard internet plan costs around SGD 40 to SGD 60 per month. Mobile phone plans are also affordable, with most carriers offering data plans starting from SGD 20 to SGD 50 per month.

Healthcare Costs

Singapore’s healthcare system is one of the best in the world, but medical services can be expensive without the right coverage. Basic healthcare consultations typically cost around SGD 30 to SGD 80, while more specialized treatments can cost upwards of SGD 150.

It’s important for both expats and students to have health insurance, as this will significantly reduce out-of-pocket expenses. Many students opt for insurance plans provided by their universities, which offer comprehensive coverage at competitive rates.

Entertainment and Leisure

Despite its reputation for being an expensive city, Singapore offers a wealth of affordable entertainment options. Free attractions such as Gardens by the Bay, East Coast Park, and Singapore Zoo offer great value. For those seeking more premium experiences, tickets for shows, cinemas, and theme parks can range from SGD 15 to SGD 50, depending on the venue.

Singapore is also home to a thriving nightlife scene, with bars and clubs charging between SGD 10 to SGD 30 for a drink, depending on the location.

Taxes and Financial Planning in Singapore

Singapore has a relatively low personal income tax rate, which makes it an attractive destination for professionals and students. The personal income tax rate in Singapore starts at 0% and goes up to 22% for income exceeding SGD 320,000 per year.

Expats and students planning a long-term stay should familiarize themselves with the country’s tax system to make financial planning easier. Additionally, financial management apps and budgeting tools can be helpful for keeping track of monthly expenses.

Final Thoughts on the Cost of Living in Singapore

Singapore is undoubtedly one of the most expensive cities in the world, but it also offers incredible opportunities for both expats and students. By understanding the cost of living and planning accordingly, you can make the most of your time in this thriving metropolis. Whether you’re seeking affordable local meals at hawker centers or living in a shared apartment, there are ways to enjoy life in Singapore without breaking the bank.

By budgeting effectively and utilizing Living cost in Singapore efficient public transportation system, it’s possible to keep your living costs manageable. Whether you’re a student or a working professional, Singapore offers a high quality of life, vibrant cultural experiences, and career opportunities that make it an attractive destination for many.