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Expensive or Cheap? Living Cost in Singapore for Beginners

Expensive or Cheap? Living Cost in Singapore for Beginners

There is a good reason why Singapore is regarded as one of the best locations to live. They simply do everything so much better than most other nations, from public transit to corporate ecosystems to advances across many industries. However, it has a monetary drawback. Rent and tuition costs are high, and Singapore does not try to hide this reality. However, that does not imply that in order to live properly and within your budget, you must keep up with the high cost of living in the nation. In this article, we will help you to delve into the living cost in Singapore, especially for those who are first-timers to the country and want to familiarize themselves with the common expenses required to stay in Singapore. 

People also read: These 7 Flea Markets in Singapore Will Save Your Expenses

 

The lifestyle in Singapore differs from region to region, just like in most other nations. In some areas, there will be retail districts, while in others, there will be financial districts. When residing in Singapore, a number of things, including these, might decide the outcome of your budget. 

1. Food

Groceries in Singapore are relatively cheap, especially if you buy from local farmers instead of imported goods. Of course, you can adjust this based on your needs and personal taste. As an illustration of living costs in Singapore, here is some local groceries price: 1. Chicken (1kg) — $10 2. Milk (1 carton) — $2 3. Egg (1 dozen) — $2.5 4. Beer (1 can) — $5.

 

2. Housing

As in other nations, Singapore's cost of living is high, particularly for apartments close to the city center. Districts 1 through 15 in the Central Region are represented by City Hall, the Marina Area, the CBD, and Number 21. (Central West district). You live close to important retail centers and international schools, which drives up the cost of rent in this neighborhood. 

Tanjong Padar, Marina Bay, and Orchard Village are just a few of the places in the neighborhood. The apartment price for this area starts from SG$ 3,600. On the other hand, if you're on a tight budget, Singapore's North and North-East regions are ideal because they're still reachable by public transit, but the cost of homes there isn't as high as it is in the city center. Additionally, it is not as congested and jam-packed as the CBD. Young couples frequently favor the North-East region as their preferred location. Apartment prices in this region start from SG$ 1,800. 

 

3. Basic Necessities 

Your monthly utility expenses are likely to be somewhat higher than the national average because Singapore has limited resources. Foreigners moving to Singapore also go through some kind of shock when they discover that summer is the most expensive season for their bills. 

The electricity, gas, and water budget might range from $200 to $600 depending on where you live, the utilities you install in your home, the size of your family, and how frequently you use electric equipment. You only need to choose from among the many options available, which range in price from $30 to $100, when it comes to mobile subscriptions. They are neither necessarily expensive nor inexpensive. 

 

4. Entertainment

Depending on your budget and dining preferences, Singapore offers everything from humble food vendors to Michelin-starred fine dining establishments. The average cost of a dinner for two in a food stall is around$25, whereas a supper for two at a moderately priced restaurant might cost anything from $60 to$80. 

However, it’s not cheap to join a gym on a monthly basis. The median price of a membership is around $100 per year. Movie tickets, liquor, and karaoke rooms are just some of the pricey entertainment options. 

 

5. Travel 

Singapore is renowned for having an incredibly efficient public transit system, which is why the government introduced strict regulations on car ownership. For buses and MRT, the typical one-way fare is roughly S$2.00 per person. You should budget S$4 every day to get back and forth. 

Generally, you spend an average of S$80 commuting to work over effective working days in a month. The cost of a comfortable lifestyle in Singapore is broken down in the information we explained above. And by "comfortably," we mean with enough room to cover your basic requirements, plus a little extra space for a few luxuries. 

 

People also read: 5 Luxurious Malls in Jakarta for Your Shopping Spree

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