Cost of Living in Singapore
Discover everything you need to know for a smooth start—from visas and housing to lifestyle tips and healthcare.
Planning a move to Singapore? Here’s what you need to know about visas, housing, daily life, and health insurance to ensure a smooth transition.
Why Move to Singapore?
Singapore is one of the most attractive destinations for expatriates thanks to its political stability, modern infrastructure, and international business environment. Whether you're relocating for a job, starting a business, or moving with your family, Singapore offers a high standard of living, world-class healthcare, and a multicultural society where English is widely spoken.
Benefits include:
Efficient Public Services: Clean, safe, and highly organized.
Global Business Hub: Ideal for professionals in finance, tech, healthcare, and logistics.
Family-Friendly Environment: International schools, parks, and safe neighborhoods.
Gateway to Asia: Excellent air connectivity for travel and regional business.
Monthly Living Costs by Category
Visa and Immigration
Most expats arrive in Singapore on an Employment Pass, S Pass, Dependant Pass, or Long-Term Visit Pass. Applications are usually handled by your employer or sponsoring organization. Make sure your documents are in order before arrival.
Housing
Accommodation in Singapore ranges from public HDB flats to private condominiums and landed properties. Expats often choose condos for amenities like pools and gyms. Rental prices vary by location—central areas like Orchard and River Valley are pricier than suburbs like Woodlands or Pasir Ris.
Banking & Connectivity
Opening a bank account requires a valid visa and proof of address. Major banks include DBS, UOB, and OCBC. Singapore also offers excellent internet and mobile coverage—providers like Singtel and StarHub offer fast, reliable service.
Daily Life in Singapore
Transportation
The MRT (Mass Rapid Transit) system is clean, punctual, and connects all major parts of the island. Ride-hailing apps such as Grab and Gojek are also widely used. Owning a car is expensive and not necessary for most residents.
Language and Culture
English is the working language, and most signage, official documents, and business interactions are in English. Singapore is known for its multiculturalism, with Chinese, Malay, Indian, and Western influences shaping food, traditions, and holidays.
Education
Singapore boasts excellent international schools offering British, American, and IB curriculums. Admission can be competitive—apply early if moving with children.
Health Insurance in Singapore with Interexpat
Singapore has top-tier healthcare, but expats do not benefit from local subsidies. This makes private health insurance essential. Interexpat helps you find plans that include:
Outpatient and inpatient care
Specialist treatment and surgery
Maternity and family coverage
Emergency evacuation
Dental and optical options
We work with leading insurers like April International, Now Health, and Allianz to ensure tailored, comprehensive coverage.
