How Much Does it Cost to Live in Singapore?
HOLIDAY NEWS - Located at the tip of the Malay Peninsula, Singapore is known as the richest and cleanest country in Southeast Asia. The country is also a major business center with strict environmental policies and an education system that is recognized as highly ranked, both at the Asian and global levels.
Singapore is known for its innovation and superior quality of education, both in public and private institutions, which have succeeded in becoming an attraction, such as at the National University of Singapore (NUS) and Nanyang Technological University (NTU).
Even though Singapore's area is relatively small, this country is rich in tourist destinations and attractive and modern infrastructure. Some places that are favorites with tourists include Marina Bay Sands, Sentosa Island and Merlion Park.
Apart from that, this country, which is famous for its iconic fish-shaped and lion-headed fountain statue, is a developed country with a good quality of life and high income.
That is why Singapore is a country that many people often choose and dream of pursuing education, a place to live, or just a vacation.
So, what is the cost of living in Singapore? The following is an explanation regarding the estimated cost of living that needs to be prepared in this country.
Cost of Living in Singapore
Singapore has a relatively high cost of living compared to many other Southeast Asian countries. This is influenced by several factors, including strategic location access, lifestyle, and economic growth.
The average cost of comfortable living in Singapore for each individual is usually around SGD2,651, which is equivalent to IDR 31,167,500 per month.
These costs can vary depending on each person's lifestyle, type of accommodation and spending habits. The following is the estimated cost of living in Singapore:
1. Residence
Renting an apartment is a sensible option for workers in Singapore. For studio type apartments in the suburbs, the price offered is around SGD 1,200 or around Rp. 14 million.
If you only rent one room and share it with other tenants, the price can be more affordable, namely around SGD 600-800, or the equivalent of IDR 7-9 million.
2. Transportation
Singapore has a modern and efficient public transportation system. Therefore, Singaporeans often choose public transportation to go to various places, such as school or work.
The following is the range of costs required to use public transportation in Singapore:
One way ticket: SGD2 (Rp. 23 thousand)
Monthly pass: SGD120 (Rp. 1.3 million)
Starting taxi fare: SGD4.6 (Rp. 53 thousand)
Taxi fare per kilometer: SGD1 (11 thousand)
For private vehicle owners, the price of petrol in Singapore is around SGD2.86 (Rp. 33 thousand).
3. Eat
In Singapore, the prices of food available vary and can be adjusted to suit your budget. Generally, a meal at a restaurant or food court ranges from SGD10 to 15, equivalent to IDR 120 thousand to IDR 180 thousand for one meal.
The situation will be different when choosing to buy groceries and cook for yourself every day. Apart from being healthier, the costs tend to be cheaper. In a month, the costs required are around 373 Singapore dollars, or Rp. 4.5 million.
4. Basic needs
These monthly needs include shopping for groceries and toiletries, as well as other items. You need to prepare money which is estimated at around SGD 200 each month or the equivalent of IDR 2.5 per month.
These expenses include various products needed to maintain daily hygiene and health.
5. Entertainment
When on holiday or having free time, there are many ways to fill your time by enjoying the entertainment offered in Singapore. A variety of interesting entertainment options are available, with costs to consider.
For entertainment in Singapore, costs can reach SGD150 per month, which is equivalent to around IDR 1.6 million. These expenses may include activities, such as watching movies, visiting nightclubs, or taking trips out of town.