Did you know that approximately 70,000+ international students went to Singapore in previous years, 10,000 of whom were Indians?
Singapore’s diverse culture, high standard of education, and safety make it a popular destination for students and those living abroad. However, it is essential for students considering moving to Singapore for their education to budget their living costs well.
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Although the cost of living in Singapore is higher than in many other nations, the ROI is also one of the best in the world. So, investing in your education in Singapore will only benefit you in the long run. Singapore has a high level of living, a large selection of leisure and entertainment activities, contemporary infrastructure, and effective public transit.
In this blog, we will explore the detailed breakdown of the cost of living in Singapore; the following are some key highlights.
Key Highlights:
| Element | Approximate Cost in INR |
| Monthly Accommodation Costs | 1L |
| Monthly Food & Groceries | 12K to 24K |
| Monthly Transportation Expenses | 9K (monthly bus pass) |
| Monthly Utilities Bill | 10K |
| Monthly Healthcare & Insurance | 6K to 18K |
| Annual Education Costs | 7L to 24L |
| Monthly Leisure & Entertainment Costs | 1.2K to 12K |
Understanding Singapore’s Currency and Exchange Rate
Singapore’s national currency is the Singapore dollar (SGD). Currently, 1 SGD is equivalent to around INR 64. Inflation, interest rates, and economic stability can all impact exchange rate movements. Monitoring exchange rates is essential to understanding how they affect living expenses in Singapore.
Cost of Living in Singapore: Accommodation
Housing and accommodation expenditures account for a significant portion of the average living expenses in Singapore. The increasing demand for homes and limited land supply has resulted in high property and rental prices.
For those looking to rent a property in Singapore, the typical monthly rent for a one-bedroom apartment in the city centre is around INR 1L, with a three-bedroom apartment costing up to INR 4L.
On-campus accommodation is typically less expensive for students than off-campus options. However, off-campus accommodation may provide greater privacy and convenience.
The following table compares the cost of living in Singapore for a single person with rent:
| Type of Accommodation | Approximate Monthly Rent (INR) |
| HDB Flat (4-room) | 1L – 1.5L |
| Private Apartment (1-bedroom) | 1L |
| Private Apartment (2-bedroom) | 2L – 3L |
| Condominium | 2L – 6L |
| Landed Property | 3L- 12L |
| On-campus Housing | 30K – 61K |
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Cost of Living in Singapore: Food and Groceries
Food prices in Singapore can be relatively high because the country relies on imports for more than 90% of its food, but the food quality is maintained.
Mentioned below is the breakdown of comparing the approximate monthly expenses in Singapore for food for a single student:
| Type of Food | Approximate Monthly Cost |
| Hawker Centre Meal (Street Food) | INR 185 – 309 |
| Food Court Meal | INR 371 – 618 |
| Restaurant Meal | INR 927 – 3K |
| Groceries (per week) | INR 3K – 6K |
Cost of Living in Singapore: Utilities
Singapore’s utility services are renowned for their excellence and reliability, thanks to the country’s commitment to investing in high-quality infrastructure. While gas, water, and electricity prices may be higher due to import costs and limited natural resources, the benefits of a well-maintained and efficient utility system far outweigh the costs, providing students with a high standard of living.
The typical monthly utility expenditures for a single student in Singapore are shown in the following table:
| Utility | Aprroximate Monthly Cost |
| Electricity | INR 6K- 12K |
| Water | INR 1K- 3K |
| Gas | INR 3K – 6K |
| Internet | INR 3K – 6K |
| Mobile Phone | INR 1.8K – 3K |
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Cost of Living in Singapore: Transportation
The cost of transportation varies based on the mode of transportation in Singapore. A one-way bus ticket costs around INR 67 for up to 3.2 km. The monthly cost of combining bus and MRT (Mass Rapid Transit) travel should be at most INR 9,000. Taxis are reasonably priced, with rates starting at approximately INR 300, making them affordable.
Monthly expenses such as parking, petrol, and tolls can total approximately INR 37,000, while annual maintenance costs can vary from INR 31,000 to 62,000. A brand-new automobile may set you back at about INR 9,00,000.
Here are the monthly transportation costs in Singapore:
| Mode of Transport | Approximate Monthly Cost |
| Public Transport (Bus Pass) | INR 9K |
| Taxi | INR 12K – 18K |
| Car Ownership | INR 92K- 1.8L |
Cost of Living in Singapore: Healthcare and Insurance
In Singapore, medical expenses can be relatively high, but having medical insurance will help you reduce the cost. Also, Singaore’s medical services are excellent, making it one of the best in the world.
The typical costs of medical operations in Singapore are shown in the following table.
| Type of Healthcare | Approximate Monthly Cost |
| Public Hospital | INR 3K – 6K (if required) |
| Private Hospital | INR 12K – 30K (if required) |
| Health Insurance | INR 6K – 18K |
Cost of Living in Singapore: Education Costs
The type of school and degree of education can impact the cost of education in Singapore.
The approximate yearly tuition for Singapore’s public and international/private schools is shown in the following table.
| Type of Education | Approximate Annual Cost |
| Public School | INR 2L |
| UG Degree | INR 7 to 15L |
| PG Degree | INR 9 to 24L |
This table reveals the diverse range of education costs in Singapore, highlighting significant differences based on the level and type of education.
- Public elementary schools offer the most affordable option with an average annual fee of INR 1,33,401, catering to the younger student demographic.
- As students progress to public secondary schools, the costs rise to approximately INR 2,37,177 per year, reflecting the advanced curriculum and resources required at this higher educational level.
University education costs for Singaporean citizens vary between INR 7L to 24L annually, depending on the institution and the field of study. This range suggests flexibility in pricing that can accommodate different budgets while still being significantly lower than private schooling costs at earlier educational stages.
Cost of Living in Singapore: Leisure and Entertainment
Leisure and entertainment expenses can add up quickly in Singapore.
Here are the Singapore living costs per month for leisure and entertainment activities
- Movies: INR 1,235 – 1,853
- Gym Membership: INR 3,088 – 6,176
- Dining Out: INR 6,176 – 12,352
- Recreational Activities: INR 3,088 – 6,176
Average Cost of Living in Singapore vs India, USA & UK
When comparing the average living expenses in Singapore vs other countries, it’s essential to consider factors such as housing, transportation, groceries, and entertainment.
Let’s look at the cost of living in Singapore vs India, the USA and the UK.
Cost of Living in Singapore vs India per month
| Category | Singapore (INR) | India (INR) |
| Housing | 1L | 8K -30K |
| Food | 12K to 24K | 5K – 10K |
| Transportation | 9K | 1.5K – 3K |
| Healthcare | 6K to 18K | 700 – 2.5K |
Cost of Living in Singapore vs USA per month
| Category | Singapore (INR) | USA (INR) |
| Housing | 1L | INR 90,020 – 2,64,060 |
| Food | 12K to 24K | INR 22,444 – 52,371 |
| Transportation | 9K | INR 7,481 – 22,444 |
| Healthcare | 6K to 18K | INR 14,963 – 59,852 |
Cost of Living in Singapore vs UK per month
| Category | Singapore (INR) | UK (INR) |
| Housing | 1L | 71K- 1L |
| Food | 12K to 24K | 19K – 41K |
| Transportation | 9K | 7K- 18K |
| Healthcare | 6K to 18K | 12K – 28K |
These tables provide a snapshot of living expenses in these countries, useful for budget planning for potential expatriates or students considering moving to Singapore.
How to reduce the Cost of Living in Singapore per month
Here are some tips for students managing Singapore’s living expenses.
1. Accommodation
- Consider sharing an apartment or HDB flat with roommates to split costs.
- Look for housing options in less central areas, which tend to be more affordable.
- Utilise platforms to compare rental prices and find the best deals to reduce the cost of living in Singapore with rent.
2. Groceries
- Shop at wet markets or local grocery stores for fresher and cheaper produce.
- Utilise apps like Grocery Hero or HappyFresh for grocery delivery and to compare prices.
- Take advantage of sales and discounts at supermarkets like NTUC FairPrice, Giant, and Cold Storage.
3. Transportation
- Utilise public transportation options like MRT, buses, and taxis to save on car ownership costs.
- Purchase a monthly transportation pass for unlimited rides on buses and MRT.
- Consider using bike-sharing services like Scoot or Mobike for short distances.
4. Utilities
- Turn off appliances and lights when not in use to save on electricity bills.
- Utilise energy-efficient appliances and light bulbs to reduce electricity consumption.
- Compare mobile, broadband, and cable subscription costs to find the best deals.
5. Healthcare and Insurance
- Utilise public healthcare options, which are more affordable than private hospitals.
- Consider purchasing health insurance to cover medical expenses.
- Take advantage of preventative healthcare options like free health screenings and vaccinations.
6. Education
- Consider enrolling in local government schools, which are more affordable than international schools.
- Utilise scholarships and financial aid options for international students.
- Take advantage of online learning platforms and resources for additional education.
7. Leisure and Entertainment
- Take advantage of free or low-cost activities like parks, museums, and community events.
- Utilise entertainment options like Netflix or Spotify for a more affordable alternative to cable and movie theatres.
- Consider hosting game nights or potlucks with friends instead of dining out.
Implementing these cost-saving tips can help you manage and reduce living costs in Singapore, making it more affordable for expatriates and students.
Wind Up
Living in Singapore can be slightly higher, but it’s also a vibrant and exciting city with a lot to offer. By understanding the cost of living in Singapore for Indian students and implementing cost-saving measures, potential expats and students can navigate financial challenges and make the most of their experience in Singapore.
While education costs in Singapore can be relatively high, the country has a strong economy and a high standard of living, which can offer good opportunities for education and work. The government has also implemented measures to help mitigate the cost of living in Singapore, such as subsidies for housing and healthcare.
Also Read:
- MBA Colleges in Singapore for Indian Students
- Studying MBBS Without NEET in Abroad 2024: A Guide for Indian Students
- Average Salary in Singapore for Indian Students: Find Out Here!
- Singapore International Graduate Award (SINGA) 2024
- MBA Colleges in Singapore for Indian Students
Frequently Asked Questions
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Q. What is the average cost of living in Singapore for a student?
Ans. The monthly cost of living in Singapore for a student typically ranges between INR 92,500 to 1,54,100. This estimate includes accommodation, food, transportation, and other daily needs. Accommodation costs can vary greatly depending on the type and location, with options such as university hostels or private apartments.
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Q. What are the accommodation options for students in Singapore?
Ans. Students in Singapore can choose from several accommodation options, including university hostels, private student apartments, and homestays.
1. University hostels are often the most affordable, costing about INR 30,000 monthly.
2. Private student apartments offer more privacy and amenities but are a little more expensive, up to INR 1,50,000 monthly. -
Q. What are the average monthly transportation expenses in Singapore?
Ans. Transportation in Singapore is quite affordable for students, especially with the monthly student concession pass for public transportation. This pass costs around INR 4,900 and allows unlimited travel on buses and trains, making it a cost-effective option for daily commuting. The efficient and extensive public transport network in Singapore ensures that students can travel conveniently between their residences, universities, and other parts of the city.
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Q. How much should I budget for food in Singapore?
Ans. When budgeting for food in Singapore, students should plan to spend between INR 18,500 to 30,800 per month. This budget accommodates meals from affordable hawker centres, famous for their variety and low prices. Additionally, it includes occasional dining at mid-range restaurants for more diverse culinary experiences. The amount spent on food can vary based on individual dietary preferences and eating habits. Students who cook meals at home may find their expenses on the lower end of this range, while those who dine out frequently might spend more.
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Q. Are there any part-time job opportunities for students in Singapore?
Ans. International students in Singapore can work part-time for up to 16 hours per week during term time and full-time during vacations. Part-time job opportunities are expected in retail, hospitality, and food and beverage sectors. These jobs help students manage expenses, provide valuable work experience, and improve their employability.
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Q. How much does it cost to purchase a laptop in Singapore?
Ans. The cost of a laptop in Singapore varies widely depending on the brand, specifications, and features. Basic models for general use start at around INR 30,800, while high-end models with advanced features and better performance can exceed INR 1,23,300. Before purchasing, students should consider their specific needs, such as processing power for software requirements or gaming. Many retailers offer student discounts, which can help reduce costs.
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Q. How much does it cost to purchase a mobile phone in Singapore?
Ans. Mobile phone prices in Singapore range from basic models costing about INR 6,200 to premium smartphones priced over INR 61,700. The cost depends on the technology, brand, and additional features such as camera quality, storage capacity, and processing power. Students should evaluate their needs and budget when selecting a mobile phone. Many stores offer financing options or instalment plans, making it easier to afford higher-end models.
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Q. How much does it cost to participate in extracurricular activities in Singapore?
Ans. Participating in extracurricular activities in Singapore can cost anywhere from INR 3,100 to INR 6,200 monthly. This estimate covers activities such as joining clubs and sports teams or pursuing hobbies like music, dance, or arts. Costs depend on the type of activity and whether it requires special equipment, uniforms, or membership fees. Engaging in extracurricular activities is an excellent way for students to develop new skills, stay active, and socialise. Universities often subsidise or provide discounts for student participation in these activities, making them more affordable.
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Q. Are there any financial aid or scholarships available for students in Singapore?
Ans. numerous scholarships and financial aid options are available for students studying in Singapore. These include government scholarships, university grants, and private scholarships from various organisations. Scholarships often cover tuition fees; some may also provide a stipend for living expenses. Financial aid programs are designed to reduce the financial burden on students and make education more accessible.
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Q. How much does it cost to see a doctor in Singapore?
Ans. The cost of seeing a doctor in Singapore varies depending on whether you visit a public hospital or a private clinic.
-Medical consultations at public hospitals typically cost between INR 3,100 to 6,200
-Private clinics, conversely, can charge up to INR 12,300 to 30,000 for a consultation. -
Q. How much does it cost to travel around Singapore?
Ans. Travelling around Singapore using public transport is relatively affordable.
-A single trip on buses or the MRT (Mass Rapid Transit) can cost between INR 60 to 120.
-Monthly student concession passes are available, offering unlimited travel on buses and trains for around INR 4,900
-Fares for taxis range from INR 600 to 1,200 per journey -
Q. How much does it cost to purchase a bicycle in Singapore?
Ans. The bicycle cost in Singapore ranges from about INR 6,200 for basic models to over INR 61,700 for high-end models. The price varies based on brand, build quality, and additional features such as gears and suspension. Bicycles are a popular choice for students looking for an active and economical mode of transportation. Many retailers also offer discounts or promotional deals, especially during sales periods.
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