Singapore
Singapore, Asia
Living in Singapore: the short version
Singapore is Asia’s leading business hub: safe, efficient, English-speaking and lightly taxed, with top salaries in finance and tech. It is also one of the most expensive cities in the world for housing and cars, and work passes are tied to salary and points thresholds.
Best for: Well-paid professionals, executives and founders relocating with a company.
Why people move here
- Low personal income tax rates
- Very safe, clean and efficient
- English is the language of business
What to watch out for
- Very high rents and car ownership costs
- Work passes depend on salary thresholds and points
- Hot and humid all year
How to move to Singapore: main visa and residency routes
Summaries only — requirements and income thresholds change. Always check the official sources below.
- Employment Pass
- For professionals, managers and executives; assessed with salary criteria and the COMPASS points framework.
- S Pass
- For mid-skilled workers, subject to employer quotas.
- ONE Pass
- Five-year pass for top talent in business, arts, sports, science and research.
- EntrePass
- For founders starting a venture-backed or innovative business.
Healthcare for newcomers
Healthcare is excellent but costly for foreigners, who are not covered by the national MediSave system; employers usually provide insurance.
How Singapore compares
Calculated from our data for all 55 countries. How we calculate this
- Cost of living rank
- 4th most expensive of 55
- Single person, core costs
- $2,785/mo
- Family of four, core costs
- $5,426/mo
- Take-home on $60,000
- $46,305/yr
- Renting a one-bedroom home takes about 44% of the average local salary in Singapore, more than the median of 36% across the countries we cover.
- Core monthly costs for one person (rent, groceries, transport, utilities, internet and eating out) come to about $2,785, or 61% of the average local monthly salary.
- On a gross salary of $60,000 taxed locally, our estimate leaves $46,305 a year after income tax and employee social security (an effective rate of 23%), the 17th highest take-home pay of 55 countries. After single-person core costs, that leaves roughly $12,885 a year to save or spend.
- Countries with a similar overall cost of living: Norway, Denmark, Australia.
- Cheaper options in Asia: Japan, South Korea, Taiwan.
Estimates for planning, using simplified national tax brackets in US dollars; local taxes, deductions and your own spending will differ. Try your own numbers in the tax calculator or budget planner.
Our guides to Singapore
- Singapore vs Hong Kong: Cost of Living Comparison · Cost of Living
Cost of Living
Cost of living index: 85 (NYC = 100)
Rent (1BR)
$2000
Rent (3BR)
$3800
Groceries
$350
Transport
$80
Utilities
$120
Internet
$35
Dining Out
$200
Tax System
Corporate Tax
17%
VAT / Sales Tax
9%
Social Security
20%
Capital Gains
0%
Income Tax Brackets
| Income Range (USD) | Tax Rate |
|---|---|
| $0 - $14,800 | 0% |
| $14,801 - $22,200 | 2% |
| $22,201 - $29,600 | 3.5% |
| $29,601 - $59,200 | 7% |
| $59,201 - $88,800 | 11.5% |
| $88,801 - $118,400 | 15% |
| $118,401 - $148,000 | 18% |
| $148,001 - $177,600 | 19% |
| $177,601 - $207,200 | 19.5% |
| $207,201 - $236,800 | 20% |
| $236,801 - Above | 22% |
Culture
Singapore is a multicultural city-state where Chinese, Malay, Indian, and Western influences blend seamlessly. It's known for efficiency, cleanliness, and world-class food.
Traditions
- Chinese New Year
- Hari Raya Aidilfitri
- Deepavali
- National Day
Cultural Values
- Meritocracy
- Multiculturalism
- Rule of law
- Efficiency
Common Greeting: Hello lah!
Cultural Tips
- • Chewing gum is restricted—don't bring it in
- • Fines for littering and jaywalking are strictly enforced
- • Hawker centers are the heart of food culture
- • Singlish (local English creole) is commonly spoken informally
🍽 Food & Cuisine
Singapore is a food paradise where hawker center meals rival fine dining. The cuisine reflects Chinese, Malay, Indian, and Peranakan influences.
Hainanese Chicken Rice
Poached chicken with fragrant rice, chili sauce, and ginger paste
Chilli Crab
Whole crab in sweet-spicy tomato chili sauce, the national dish
Laksa
Spicy coconut curry noodle soup with shrimp and fish cake
Char Kway Teow
Stir-fried flat rice noodles with soy sauce, cockles, and Chinese sausage
Sources and methodology
Figures on this page are estimates in US dollars, compiled from the international datasets below and converted at recent exchange rates. The cost of living index uses New York City as 100. Guidance was last reviewed on . Found something out of date? Tell us.
Official Singapore sources
Data sources
- PwC Worldwide Tax Summaries — individual income tax
- Numbeo — cost of living (crowdsourced prices)
- World Bank Open Data — economic and population indicators
- OECD Tax Database — tax rates and social contributions
- ILOSTAT — employment and unemployment
- UNDP Human Development Reports — health and education
- UN World Population Prospects — population
Quality of Life
Job Market
Average Annual Salary
$55,000
Job Difficulty
Moderate
Unemployment Rate
2%
Work Permit Required
Yes
Top Industries
Languages
Official Languages