Is Singapore too expensive to live in? A look at cost of living in the country in 2023

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Is Singapore too expensive to live in? A look at cost of living in the country in 2023
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How would you like to receive cash as your Valentine’s Day gift? That’s kinda what Singaporeans got on Valentine’s Day this year. As part of Budget 2023, the government announced more cash payouts — including a one-off cost-of-living special payment of $200 to $400 in June 2023. Evidently, the cost of living in Singapore is high. Singapore holds the Guinness...

Trying to get home after a drinks session at 1am? Ride-hailing apps or taxis will likely be your go-to choices choices. Grab rides cost aroundper trip usually, but night surcharges can cause these prices to soar to $50 . Assuming you take a $20 Grab ride once a week, you’ll need to budget an additional $80 a month on transport.

If you have a driver’s licence, you could consider a car-sharing service such as Blue SG or Get Go. Check out our guide to the best car sharing platformsOn one end of the spectrum, Singapore is a hawker haven. At the other end, we have a pretty good range of fine dining restaurants. And if you’re planning on buying your own groceries to cook at home , that’s a whole different story.

So how much will you spend on your meals in Singapore? It really varies wildly depending on your lifestyle, but here’s a rough idea of what you can expect.—The cheapest items you can find in supermarkets are locally produced ones, with the next cheapest items being those made in Malaysia. These include fruit and vegetables like tomatoes, spinach, and pumpkin, certain canned foods , bread, soy milk, some cooking oils, and eggs.

Here are the prices of some common groceries you’d buy in a week to give you an idea of what to expect:$10If you cook at home every day, we estimate that you’ll probably spend— On one end of the scale, a meal at a suburban hawker centre can cost as little as $3 to $6 . When it comes to casual dining, budget about $20 to $30 for a meal at a mid-range restaurant.— If you want to eat fancy, Singapore’s a great place to be.

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