Singapore’s diverse culture, high standard of education, and safety make it a popular destination for students and those living abroad. However, for students considering moving to Singapore for their education, it is essential to budget their cost of living well. 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 | Average Cost in INR |
| Cost of Living in Singapore | approximately 95K – 3L |
| Singapore Accommodation Costs | City rent 1L |
| Monthly Food & Groceries | 6K-12K |
| Monthly Living Expenses in Singapore | 6K- 18.5K |
| Monthly Expenses in Singapore for Transportation | Varies; bus fare is approximately ₹70 |
| Healthcare & Insurance | Medical procedures 3K- 3L monthly |
| Education Costs | Varies by school; Annual fees 1L-25L |
| Leisure & Entertainment | monthly expenses ₹1.2K -12K for movies, dining, activities |
Understanding Singapore’s Currency and Exchange Rate
Singapore’s national currency is the Singapore dollar (SGD). Currently, ₹1 is equivalent to around SGD 0.016. Inflation, interest rates, and economic stability can all have an impact on exchange rate movements. It is essential to monitor exchange rates to understand 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 have resulted in property and rental prices being high.
For those looking to rent a property in Singapore, the typical monthly rent for a one-bedroom apartment in the city centre is around ₹1L, with a three-bedroom apartment costing up to ₹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 for single person in Singapore:
| Type of Accommodation | Average Monthly Rent (INR ₹) |
| HDB Flat (4-room) | 1L – 1.5L |
| Private Apartment (1-bedroom) | 1.5L – 2L |
| Private Apartment (2-bedroom) | 2L – 3L |
| Condominium | 2L – 6L |
| Landed Property | 3L- 12L |
| On-campus Housing | 30K – 61K |
Read more on top universities in Singapore!
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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 quality of the food is not compromised.
Mentioned below is the breakdown of comparing the average monthly expenses in Singapore for food for a single person:
| Type of Food | Average Cost (INR ₹) |
| Hawker Centre Meal (Street Food) | 185 – 309 |
| Food Court Meal | 371 – 618 |
| Restaurant Meal | 927 – 3K |
| Groceries (per week) | 3K – 6K |
The following table offers a comprehensive view of typical food expenses that will add to the cost of living in Singapore for an Indian family.
| Particulars | Average Cost in INR (₹) |
| Street Food for 1 | 247.04 – 494.08 |
| Meal at McDonald’s | 432.32 |
| Meal for two at an average restaurant | 3K |
| Pepsi/Coke | 123 |
| Milk 1 Litre | 209.99 |
| White Bread Loaf | 148.22 |
| 12 Eggs | 203.81 |
| 1.5 litre Water Bottle | 86.46 |
| Cottage Cheese | 1.2K |
Also Read: MBA Colleges in Singapore for Indian Students
Monthly Cost of Living in Singapore for 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 the prices of gas, water, and electricity 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 a high standard of living for students.
From Jan 1 to March 31, 2024, the cost of households supplied by SP Group are ₹17.87 per kilowatt-hour (kWh) after GST. After GST, town gas tariffs are 25.23 cents ₹13.87 per kWh.
The typical monthly utility expenditures for a single individual in Singapore are shown in the following table
| Utility | Average Monthly Cost (INR ₹) |
| Electricity | 6K- 12K |
| Water | 1K- 3K |
| Gas | 3K – 6K |
| Internet | 3K – 6K |
| Mobile Phone | 1.8K – 3K |
Also Read: Singapore International Graduate Award (SINGA) 2024
Cost of Living in Singapore: Transportation
The cost of transportation varies based on the mode of transportation in Singapore. A one-way bus ticket typically costs around ₹67 for up to 3.2kms. The monthly cost of combining bus and MRT (Mass Rapid Transit) travel should not exceed ₹9,000. Taxis are reasonably priced, with rates starting at approximately ₹300, making them affordable.
Monthly expenses such as parking, petrol, and tolls can total approximately ₹37,000, while annual maintenance costs can vary from ₹31,000 to ₹62,000. A brand-new automobile may set you back about ₹9,00,000.
| Mode of Transport | Average Monthly Cost (INR ₹) |
| Public Transport | 4K – 7K |
| Taxi | 12K – 18K |
| Car Ownership | 92K- 1.8L |
Also Read: Average Salary in Singapore for Indian Students: Find Out Here!
Cost of Living in Singapore: Healthcare and Insurance
In Singapore, medical expenses can be relatively higher 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 | Average Monthly Cost (INR ₹) |
| Public Hospital | 3K – 6K |
| Private Hospital | 12K – 30K |
| Health Insurance | 6K – 18K |
Medical procedure costs might be reduced with the use of health insurance. Here’s a table that compares the typical premiums for health insurance policies in Singapore:
| Health Insurance Plan | Average Cost in INR ₹ |
| Inpatient | 10L |
| Outpatient | 6L |
| Integrated Shield Plan | 92L – 6Cr |
Also Read: Studying MBBS Without NEET in Abroad 2024: A Guide for Indian Students
Cost of Living in Singapore: Education Costs
The type of school and degree of education can have an impact on the cost of education in Singapore. The average yearly tuition for Singapore’s public and international/private schools is shown in the following table
| Type of Education | Average Annual Cost (INR) |
| Public Elementary School | 1L |
| Public Secondary School | 2L |
| International/Private Nursery | 10L |
| International/Private Kindergarten | 25L |
| University Degree (Singapore Citizen) | 4L – 7L |
Please Note: The above costs are for reference only and may vary depending on the institution and the course of study.
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 ₹1,33,401.60, catering to the younger student demographic.
- As students progress to public secondary schools, the costs rise to approximately ₹2,37,177.60 per year, reflecting the advanced curriculum and resources required at this higher educational level.
Parents can expect to pay around ₹10,19,040 annually for international/private nursery education. This fee is for international/private kindergarten, where the average annual cost soars to ₹25L, indicating a premium placed on early childhood education in private settings.
University education costs for Singaporean citizens vary between ₹4,94,080 and ₹7,41,120 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.
The table showcases the financial commitment required at different educational levels in Singapore, with a clear distinction between public and private education expenses.
Cost of Living in Singapore: Leisure and Entertainment
Leisure and entertainment expenses can add up quickly in Singapore. Here are the average monthly expenses in Singapore for leisure and entertainment activities
- Movies: ₹1,235 – ₹1,853
- Gym Membership: ₹3,088 – ₹6,176
- Dining Out: ₹6,176 – ₹12,352
- Recreational Activities: ₹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 important 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 | 1.5L – 3L | 8K -30K |
| Food | 18K – 50K | 5K – 10K |
| Transportation | 6K – 18K | 1.5K – 3K |
| Healthcare | 3K- 12K | 700 – 2.5K |
Cost of Living in Singapore vs USA per month
| Category | Singapore (INR) | USA (INR) |
| Housing | ₹1,64,985 – ₹3,74,970 | ₹90,020 – ₹2,64,060 |
| Food | ₹18,597 – ₹50,392 | ₹22,444 – ₹52,371 |
| Transportation | ₹6,199 – ₹18,597 | ₹7,481 – ₹22,444 |
| Healthcare | ₹3,099 – ₹12,396 | ₹14,963 – ₹59,852 |
Cost of Living in Singapore vs UK per month
| Category | Singapore (INR) | UK (INR) |
| Housing | 1L – 3L | 71K- 1L |
| Food | 18K – 50K | 19K – 41K |
| Transportation | 6K – 18K | 7K- 18K |
| Healthcare | 3K – 12K | 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 cost-saving tips for managing the high cost of living in Singapore for an Indian family.
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 tend to be 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.
By implementing these cost-saving tips, you can manage and reduce living costs in Singapore, making it more affordable for expats and students. Additionally, it’s essential to stay informed about the cost of living in Singapore for single person and any changes that may occur. By staying proactive and informed, you can navigate financial challenges and make the most of your experience in Singapore.
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 various components of living costs in Singapore and implementing cost-saving measures, potential expats and students can navigate financial challenges and make the most of their experience in Singapore.
While education in Singapore can be relatively high, it’s a country with 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.
Frequently Asked Questions
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Q. What is the average cost of living in Singapore for a student?
A. The cost of living in Singapore per month for a student typically ranges between ₹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?
A. 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 ₹30,000 per month.
2. Private student apartments offer more privacy and amenities but can be a little higher in cost, ranging up to ₹1,50,000 monthly. -
Q. What are the average monthly expenses in Singapore for transportation?
A. Transportation in Singapore is quite affordable for students, especially with the monthly student concession pass for public transportation. This pass costs around ₹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?
A. When budgeting for food in Singapore, students should plan to spend between ₹18,500 to ₹30,800 per month. This budget accommodates meals from affordable hawker centres, which are famous for their variety and low prices. Additionally, it includes occasional dining at mid-range restaurants for more diverse culinary experiences. The actual 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?
A. Yes, 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 commonly available in retail, hospitality, and food and beverage sectors. These jobs help students manage their personal 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?
A. The cost of purchasing a laptop in Singapore varies widely depending on the brand, specifications, and features. Basic models suitable for general use start at around ₹30,800, while high-end models with advanced features and better performance can exceed ₹1,23,300. Students should consider their specific needs, such as processing power for software requirements or gaming, before making a purchase. 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?
A. Mobile phone prices in Singapore range from basic models costing about ₹6,200 to premium smartphones priced over ₹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?
A. Participating in extracurricular activities in Singapore can cost anywhere from ₹3,100 to ₹6,200 monthly. This estimate covers various activities such as joining clubs, 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?
Yes, there are numerous scholarships and financial aid options available for students studying in Singapore. These include government scholarships, university grants, and private scholarships from various organisations. Scholarships often cover tuition fees, and 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?
A. 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 ₹3,100 to ₹6,200
-Private clinics, on the other hand, can charge up to ₹12,300 to ₹30,000 for a consultation. -
Q. How much does it cost to travel around Singapore?
A. Travelling around Singapore using public transport is relatively affordable.
-A single trip on buses or the MRT (Mass Rapid Transit) can cost between ₹60 to ₹120.
-Monthly student concession passes are available, offering unlimited travel on buses and trains for around ₹4,900
-Fares for taxis range from ₹600 to ₹1,200 per journey -
Q. How much does it cost to purchase a bicycle in Singapore?
A. The cost of purchasing a bicycle in Singapore ranges from about ₹6,200 for basic models to over ₹61,700 for high-end models. The price varies based on factors like 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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